Yardi Beacon Released as New Affordable and Public Housing Solution

SANTA BARBARA, Calif., Feb 21, 2012 (BUSINESS WIRE) –
Yardi announced its general release of its new Yardi Beacon(TM) software
solution for smaller affordable housing property managers and public
housing authorities. As a browser-based software solution, Yardi Beacon
provides seamless integration of property management, accounting and
compliance features.

Yardi Beacon provides a complete online property management system with
an integrated general ledger including accounts payable, accounts
receivable and journal entries. Resident management features include
leasing, work orders, wait lists, letter management and a comprehensive
list of standard reports. Optional resident screening capabilities will
help affordable housing managers consistently select and retain low-risk
residents.

Standard compliance features of Yardi Beacon include Section 42, Low
Income Housing Tax Credit (LIHTC), HOME, and Department of Housing and
Urban Development 50058 for Public Housing and Housing Choice Vouchers
(HCV). Compliance for HUD 50059 subsidies will be available in the first
half of 2012.

Yardi Beacon complements Yardi’s existing family of Affordable Housing
and Public Housing software products, including Yardi Voyager(TM)
Affordable Housing, Yardi CLASSIC(TM), Yardi Voyager(TM) PHA and Yardi
VisualHOMES.

“With Yardi Beacon, agencies and affordable managers can focus more on
resident management and less on IT expertise. An organization does not
need to install software on its computers or network. Users access the
product and their data securely using an internet connection,” said Mark
Livanec, vice president of Affordable Housing PHA Sales for Yardi.

About Yardi

Yardi Systems has been committed to the design, development and support
of real estate investment management and property management software
for nearly 30 years. With its Yardi Multifamily Suite(TM), Yardi Commercial
Suite(TM) and Yardi Investment Suite(TM), the Yardi Voyager(TM) system is the
most comprehensive single real estate management platform on the market
today. Yardi serves clients around the world from offices in Asia,
Australia, Europe and North America. More information about Yardi
products and services is available at
www.yardi.com .

SOURCE: Yardi Systems Inc.

        Yardi Systems Inc.
        Joel Nelson, 800-866-1144 x1255
        Joel.Nelson@yardi.com

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