Real estate technology provider Yardi announced that it has acquired Planimetron to help meet the growing demand for efficient space management by office, retail and industrial real estate owners and operators.
With an anticipated launch to market in 2023, Yardi will rebuild and rebrand Propidex, Planimetron’s space management platform, as Space Manager and incorporate it into the Yardi CommercialEdge platform, a full suite of revenue-focused solutions.
Space Manager will allow commercial real estate owners and managers to store, edit and share floor plans and site plans from one centralized location. When combined with CommercialEdge and the Yardi Elevate suite of asset management solutions, Space Manager will provide unprecedented visibility for marketing, leasing, forecasting, facilities and construction operations, the company said
“We are excited to welcome the Planimetron team to Yardi,” said Arjun Rao, senior director of commercial for Yardi. “This team brings a wealth of knowledge and experience about commercial real estate, especially with regard to space management within properties. Space Manager will be an exceptional addition to the CommercialEdge suite.”
