New England Development Chooses MRI Software’s Flexible Solutions to Manage Their Diverse Property Portfolio

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Compelled by the value and capabilities of MRI’s highly configurable software, New England Development chooses MRI’s integrated commercial solutions to manage their portfolio.

'We are excited to partner with NED and have full confidence that our property management software will be an invaluable part of their business moving forward.'- David Post, CEO of MRI Software

New England Development (NED), headquartered in Newton, Massachusetts, has worked diligently over the past three decades to become one of the premiere real estate management firms in the Northeastern United States. With a portfolio that encompasses office space, residential communities, lifestyle retail centers, and upscale hotels, they required a solution that could accommodate a multitude of different properties, coupled with the ability to grow their portfolio over time. After reviewing several options, NED concluded that the value and flexibility in MRI far surpassed the competition, and chose to begin a partnership utilizing MRI’s robust property management software.

Solution configurability was a top priority. To facilitate NED’s unique business model and process, MRI’s Commercial Management will easily integrate with other MRI modules to enable NED to access the tailored reporting and detailed data they require. Moreover, NED will enjoy the ability to create highly accurate budgets via Budgeting & Forecasting with Recoveries, which will use the comprehensive assortment of data in NED’s MRI system to model detailed future financial forecasts using past cost reporting, among other inputs. In addition, MRI’s JobCost solution will track all costs of future construction projects from start to finish, helping ensure that NED stays within budget on future developments.

“We are honored to be working with an innovative company like New England Development,” said David Post, CEO of MRI Software. “They can count on MRI Software as a committed partner to support the growth of their diverse business and assist in the maintenance and management of their financial records. We are excited to partner with NED and have full confidence that our property management software will be an invaluable part of their business moving forward.”

For more information about MRI Software’s commercial and residential property management solutions, visit our website.

About MRI Software
MRI offers property management software solutions to the global real estate 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 New England Development
Founded in 1978 by Stephen R. Karp, New England Development has become one of the premier real estate development and management companies in the Northeast. With over 50 million square feet of retail and commercial space, including some of the country’s most highly productive regional shopping centers, they have frequently demonstrated their expertise in turning the most challenging situations into the most successful projects. NED believes it is essential that each project enhance its community as well as the day-to-day living of residents, office workers and tourists, exploring all possibilities to find the plan that is most in-line with local consumer needs.

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April Haviland
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