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Supporting Community and Home Owner Associations

30.10.2020, 10:23

Supporting Community and Home Owner Associations

MRI has added a new software solution for community and home owner associations following its acquisition of the Jenark platform from CoreLogic.

Jenark aligns with MRI’s existing product set for the management of residential property portfolios, addressing the unique needs of community and homeowner associations by facilitating processes, operations, transactions, communications, accounting, administration, and reporting. The solution is used by hundreds of management companies and large self-managed communities, representing half a million residential units within the U.S.

“We’re delighted to welcome Jenark to the family and further extend the footprint of our comprehensive, end-to-end MRI Living suite,” says Patrick Ghilani, CEO. With this strategic expansion we now serve over 16 million residential units worldwide, and we look forward to bringing the benefits of our scale and innovation to the Jenark users.

“We will continue to serve and support Jenark users without interruption, now and into the future. Furthermore, we will offer added value from the range of connected, complementary MRI and partner applications Jenark clients can leverage.”

The acquisition follows the additions of CheckpointID™, RentPayment™ and Lindsey Software to the MRI Living portfolio; lease administration services provider MacMunnis to MRI’s global occupier suite; and Housing Partners, Castleton Technology Plc and Orchard Information Systems, which form the new MRI Social Housing offering in the UK and Ireland.

Dickinson Wright PLLC served as legal advisor to MRI, with Truist Securities representing CoreLogic.

CAMFIL HVAC Filtration Solutions

Staff Reporter

FMIndustry.com covers the latest news, trends and opinion from the facilities management (FM) and corporate real estate (CRE) sectors. The FM market is currently estimated to be worth USD 1 trillion annually and is projected to grow at a compounded annualised rate of approximately 5% between now and 2026.

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