Hotel-Focused Real Estate Investment Firm Walker Reynolds Selects RealPage® Software for Performance Analysis and Decision Support
Will utilize RealPage solutions for investment accounting, reporting, performance tracking and analysis
RICHARDSON, Texas--(BUSINESS WIRE)-- RealPage, Inc. (NASDAQ:RP), a leading global provider of software and data analytics to the real estate industry, announces that real-estate investment firm Walker Reynolds has chosen RealPage asset management solutions to support its largely hotel-focused investment business.
“We looked at four other companies that offer portfolio management solutions, but RealPage was far and away the most sophisticated, easy to use and customizable,” said Brett Rush, a managing member at Walker Reynolds. “It also offers the most options not only for monitoring your portfolio, but for data analytics and trend analysis. And we expect to gain a lot of back office efficiency from it.”
Rush said another significant advantage is integration between RealPage’s Investment Accounting solution (which the firm will also be using) and its Property Asset Management (PAM) software. In 2016, RealPage introduced specialized investment accounting software designed to provide clients a single, centralized accounting platform for all functions related to real estate investing, regardless of asset class.
“Walker Reynolds was very visionary in their selection process,” said Alan James, Senior Vice President of Investment Management, Accounting and Commercial at RealPage. “The company recognized that they wanted back office efficiency to scale their business, but that real estate investing and management is run by data and reporting. PAM will be paramount to their system strategy, and help them execute that strategy by getting the right data in the hands of the right people.”
Rush also praised the software’s centralized access to data used in decision making. “This software gives us a central location for all our investment data so we can spend our time on analysis instead of busy work like collecting and updating spreadsheets,” he explained. “Our time is too valuable to spend on gathering data rather than using it.”
RealPage is a leading global provider of software and data analytics to the real estate industry. Clients use its platform to improve operating performance and increase capital returns. Founded in 1998 and headquartered in Richardson, Texas, RealPage currently serves more than 12,400 clients worldwide from offices in North America, Europe and Asia. For more information about the company, visit https://www.realpage.com.
About Walker Reynolds
Walker Reynolds is a private real estate investment firm targeting lodging assets in the United States with a focus on acquiring, creating, and sustaining value. For more information about Walker Reynolds, please visit www.walkerreynolds.com.
Lea Lashley, 972-820-4447
Source: RealPage, Inc.
Released August 13, 2018