Yardi Matrix Overview
Yardi Matrix is a comprehensive market data and information service designed specifically for real estate professionals, including investors, brokers, underwriters, and property managers. This platform provides the necessary tools and data to make informed investment decisions, manage properties effectively, and identify new business opportunities.
Key Functions
- Property Prospecting and Underwriting: Yardi Matrix enables users to proactively search for potential investment opportunities, not just those currently on the market. It facilitates the preliminary underwriting process by providing sales comps, rent comps, detailed unit mix, and rent history, helping users to identify value-add prospects and target the right markets.
- Benchmark Performance: The service offers comprehensive property-level data, allowing users to benchmark property performance against similar assets in local submarkets or custom micro-markets. This feature helps in canvasing competitors, neighborhoods, and identifying new contracts.
- Market Insights and Analytics: Yardi Matrix provides actionable market insights, including data on rental and development activity, sales transactions, and other submarket fundamentals. The SubmarketPoint reports cover approximately 3,300 U.S. multifamily submarkets, updated monthly, to help users assess general market conditions and evaluate demand/supply balances.
- Asset Intelligence and Management: The platform includes features like Asset Intelligence, which offers in-depth analytical insights into operations and competitive environments, along with machine learning recommended actions to meet financial and operational goals. Additionally, it provides information on in-place loans, construction loans, CMBS, and their expirations, as well as detailed ownership and management information.
- Revenue and Expense Comps: Yardi Matrix offers aggregated and anonymized residential and office revenue and expense comps, an industry-exclusive feature. This data, combined with the patented Yardi Matrix asset rating system, helps users make informed investment decisions by identifying targeted potential investment opportunities.
- Ownership and Contact Information: The platform unveils the true ownership of LLCs and provides senior-level contacts, saving time by directly connecting users with decision-makers. It also includes data on verified tenants, lease rents, lease expirations, and current listings.
Key Features
- Context® Rating System: This is the commercial real estate industry’s only standardized statistical scoring model, assigning separate ratings to real estate improvements and property locations based on 24 variables. This allows users to “drill down” when scrutinizing properties.
- Mobile Access and Cloud-Based Services: Yardi Matrix is accessible via a mobile app, making it convenient for users to work on the fly while touring properties or assessing the competitive environment. The cloud-based services ensure up-to-the-minute data availability.
- Comprehensive Property Research: The platform compiles extensive property-level research, including site-level and verified tenant, lease, and available space information. It also provides data-driven occupancy and long-range forecasts.
- Market Coverage: Yardi Matrix services are available in 179 markets throughout the United States, covering multifamily, office, industrial, and self-storage property types.
Benefits
- Time Savings: The platform saves time by providing immediate access to decision-makers and comprehensive property and market analytics.
- Superior Returns: It drives superior investment returns by targeting the right deals and identifying value-add prospects.
- Competitive Advantage: Users can benchmark property performance, canvas competitors, and find new contracts, giving them a competitive edge in the market.
In summary, Yardi Matrix is an indispensable tool for real estate professionals, offering a wide range of features and functionalities that enhance property prospecting, underwriting, asset management, and market analysis. Its comprehensive data and analytics capabilities make it a leading market intelligence tool in the industry.