AEW Capital Management, LP Selects AssetEye to Improve Business Processes and Streamline Reporting for Global and U.S. Real Estate Assets
NEW YORK, November 19, 2007 – AssetEye Inc, a leading provider of portfolio management solutions for real estate, today announced that AEW Capital Management, LP has selected AssetEye’s Portfolio Manager for deployment in its U.S. and Asian offices. AEW and its affiliates provide real estate investment management services to investors worldwide and currently manage over $41 billion of real estate assets.
AEW will initially deploy AssetEye to collect financials, statistics, and other critical data from global property sites, using the platform to aggregate and report results, and to feed accounting and other reporting systems. AEW plans to roll out other AssetEye features, including support for investor reporting and budgeting, in 2008.
“We think AssetEye will significantly streamline our real estate reporting processes,” said Jon Martin, a director at AEW. “It gives us a common web-based reporting platform, which is increasingly important as we continue expanding our global business.”
“AEW represents a significant opportunity for us,” said Greg Sherman, founder and president of AssetEye Inc. “They are an extraordinarily professional organization with a global presence, and we’re looking forward to a long relationship.”
AssetEye Inc’s flagship real estate reporting and analysis solution has gained recognition for its flexibility and ease-of-use, and its ability to interact with other industry-leading tools. With enterprise and hosted (ASP) options, AssetEye offers solutions for real estate investment firms of all sizes, from small funds to international advisors. A sampling of clients includes Bank of America, Mass Mutual, and Guggenheim Partners.
About AssetEye Inc.
AssetEye (www.asseteye.com) is a provider of advanced software solutions for real estate investors, advisors, asset managers, and developers. Its flagship portfolio management solution has gained industry recognition for its ease-of-use, flexibility, and commitment to industry standards.
About AEW Capital Management, LP
Founded in 1981, AEW Capital Management, LP (www.aew.com) provides real estate investment management services to investors worldwide. Currently, AEW and its affiliates manage over $41 billion of real estate assets and securities on behalf of many of the world’s leading institutional and private investors.