Piedmont Office Realty Trust, Inc. Extends Relationship with MRI Software and its Award-Winning MRI Commercial Management

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Impressed with process efficiencies and data reliability, Piedmont is pleased to continue a long-term relationship with MRI Software

We appreciate MRI’s commitment to reliability, customer service, and technological enhancements, which should help Piedmont achieve current and future business requirements and objectives in the most efficient manner. - Robert E. Bowers, CEO of Piedmont

Piedmont Office Realty Trust, Inc., the fourth largest office real estate investment firm in the United States, has decided to strengthen their relationship with MRI Software after experiencing the benefits the best-of-breed property management software provides. After signing a long-term partnership extension, Piedmont will continue to utilize MRI’s property management and accounting suite of software solutions in order to streamline their management processes.

Piedmont needed a solution that could handle their vast array of properties, an endeavor that MRI was well-suited to take on. MRI Commercial Management automates complex calculations including rent charge, late fees, consumer price index (CPI) increases, and discounted cash flows, decreasing the potential for data duplication and human error. The system can also create robust statistical reports based on real-time data, making it easier than ever to make informed and effective business decisions.

“Piedmont is pleased to be further partnering with MRI for its real estate application and general ledger services. MRI has been a leading software provider in the real estate market for many years and Piedmont will be utilizing much of the software’s new functionality to meet our business needs,” explained Robert E. Bowers, CFO of Piedmont. “We appreciate MRI’s commitment to reliability, customer service, and technological enhancements, which should help Piedmont achieve current and future business requirements and objectives in the most efficient manner.”

MRI’s property management software is designed to be applicable regardless of a client’s portfolio size. As Piedmont’s business grows, they will still be able to enjoy all the benefits of an integrated solution, making it easier for their property managers to keep up with the acquisition of new properties.

“We are extremely happy that Piedmont recognizes the value in the superior configurability and robust reporting capability that MRI Commercial Management provides,” said David Post, CEO. “They are a highly valued client and we are elated that they wish to continue our partnership for the long-term.”

About MRI Software
MRI offers business management software solutions to the global property management and investment industries. As a leading provider of real estate enterprise software applications and hosted solutions, MRI serves the global multifamily and commercial property industries, helping them improve their bottom line and maximize their returns on their diverse business portfolios. MRI leverages its more than 40 years in business to develop long-term successful relationships with its clients. For more information, please visit http://www.mrisoftware.com.
About Piedmont Office Realty Trust, Inc.

Piedmont Office Realty Trust, Inc., headquartered in Atlanta, Georgia, is the fourth largest office real estate investment trust in the United States. They specialize in the ownership and management of high-quality Class A office buildings located primarily in the ten largest U.S. office markets, including Chicago, Washington, D. C., New York, Dallas, Los Angeles, and Boston. Piedmont strives to foster long-term relationships with their quality, diverse tenant base, and their portfolio of office buildings comprise approximately 21 million rentable square feet. For more information, please visit http://www.piedmontreit.com.

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April Haviland
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