Business Issues -> Innovation
Released: 9th January 2013
Taliance, a leading developer of IT solutions for the investment-property market, has won a major US contract. The Europe-based software company is working with Harrison Street Real Estate Capital (“Harrison Street”) of Chicago to implement Global Fund, the world’s first software to deliver instant accurate reporting combined with real-time modelling and data management capabilities for fund and investment managers.
Currently Harrison Street and its affiliates manage around $4.0 billion in property assets and publicly traded securities through multiple investment vehicles on behalf of pension funds, endowments, insurance companies, foundations and family offices. Since its inception in 2005, Harrison Street has grown to include a real estate portfolio of approximately 250 properties across the United States with approximately 45 joint venture partners or third party managers.
“We want to continue to innovate in our industry. This level of data mining will help to further enhance our risk assessment, asset management, forecasting and analysis,” says Chris Merrill, Harrison Street president and CEO.
“We interviewed a number of software providers, but Taliance provided the most flexible option for our speciality sectors,” adds Tonia Rumrill Nelson, Harrison Street senior vice president. “We liked that Global Fund offers greater control of our data combined with easy accessibility and reduced risks.”
Taliance operations director Bruno Fiastre explains: “I first met Harrison Street in June 2012 and since then have worked with them as a consultant, reporting on their challenges and recommending solutions to address these.
“We could see that the move to a strong, feature-rich modeling tool, which would consolidate both asset and fund data, would help the company further reduce risk and produce even better results for its clients. As a result we are implementing Global Fund with an expected project completion date of March 2013.
“We are delighted to introduce Global Fund to the US and believe that our work here will help us make further inroads into this important market.”
Taliance is a leading developer of IT solutions for the investment-property market. The company provides top European professionals with outstanding support and high-performance software. Taliance is proactive in coming up with solutions for clients that respond to both today’s and tomorrow’s market developments. The company has brought major advances to the market, such as the integration of asset management in IT systems and creating a data protocol for legal and property data. Taliance has won and retained some of the most dynamic clients in the market, including AEW EUROPE, ALLIANZ, AMUNDI, AVIVA, AXA REIM, BNP PARIBAS REIM, HSBC, INTERNOS REAL INVESTORS, NATIXIS CAPITAL PARTNERS, SOCIETE GENERALE and UBS.
For more information, please go to: www.taliance.com
About Harrison Street
“Harrison Street” refers collectively to Harrison Street Real Estate Capital LLC (“HSRE”), its subsidiaries, including Harrison Street Advisors LLC, Harrison Street University and Harrison Street Securities LLC an affiliate of HSRE. Harrison Street is a real estate private equity firm founded in 2005 that directly and through its affiliates, has approximately $4.0 billion in Assets Under Management (AUM) through commingled funds and public securities products. The commingled funds focus exclusively on the Education, Healthcare and Storage segments of the US real estate market. The firm currently owns approximately $3.5 billion in real estate assets consisting of over 250 properties in 38 states including over 25,000 student housing beds, more than 6,000 senior housing/assisted living units, over 1.4 million square feet of medical office space, and more than 72,000 self storage units. Additionally, Harrison Street Securities LLC currently manages over $600 million in REIT securities through distinct long only product offerings. For more information visit www.harrisonst.com.
Published by: IT Analysis Communications Ltd.
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