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Follow on Google News | Pinnacle Selects YieldStar Price OptimizerPinnacle chose YieldStar Price Optimizer after a thorough review of available revenue management solutions and the successful completion of a six-month evaluation program on 11 properties.
By: RealPage, Inc. “The multifamily industry is clearly embracing revenue management. We wanted to determine the kinds of returns we could achieve with this technology.” Pinnacle chose Price Optimizer after a thorough review of available revenue management solutions and the successful completion of a six-month evaluation program on 11 properties. “We didn't feel right recommending a revenue management system to our clients without first putting it through its paces on our own properties,” “We achieved better than expected results,” continued Graf. “It was exciting to see an average revenue outperformance of three percent across the properties. We were pleased with the impact YieldStar had on both our rents and our occupancies.” As the largest apartment fee management company in the multifamily industry, according to the 2010 NMHC 50 report, Pinnacle is excited to add revenue management to its core service offering, and is in the process of implementing Price Optimizer on additional properties within its owned portfolio as well as for its fee clients around the country. For more information about YieldStar Price Optimizer, or to schedule an interview with a YieldStar executive, please contact Michael Cunningham at michael.cunningham@ About RealPage Located in Carrollton, Texas, a suburb of Dallas, RealPage provides on-demand (also referred to as “Software- About Pinnacle Pinnacle, An American Management Services Company, is the nation's leader in multifamily property management, managing a portfolio of apartment, office and industrial assets valued at more than $18 billion, with over 5,000 employees in 42 states. Pinnacle's multifamily portfolio consists of over 185,000 units. For more information, visit PinnacleAMS.com. # # # RealPage provides on-demand solutions that enable owners and managers of single-family and a wide variety of multi-family rental property types to manage their marketing, pricing, screening, leasing, accounting, purchasing and other property operations. Our solutions enable property owners and managers to increase revenues and reduce operating costs through higher occupancy, improved pricing methodologies, new sources of revenue from ancillary services, improved collections and more integrated and centralized business processes. For more information, visit www.realpage.com. End
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