Legg Mason Real Estate Investors, Inc.

Legg Mason Real Estate Investors, Inc. (LMREI) located in Los Angeles, California, provides creative and flexible commercial real estate financing to fund entrepreneurial multifamily, office, retail, industrial and other commercial properties. Since LMREI is a brand-new subsidiary with very little ties to any legacy corporate infrastructure, RealEra took advantage of this unique opportunity to help LMREI implement a state-of-the-art business and technology platform.

As its criteria for selecting a portfolio management system, LMREI provided a list of core responsibilities that it wished to manage via technology.  Those responsibilities included:

  - Investor relations
  - Asset management
  - Client relations
  - Investor reporting
  - Investment origination
  - Financial analysis
  - Due Diligence and Closing

"We were looking for a company that understood the real estate investment process, and had good ideas on how to improve that process through technology," says Glenn Sonnenberg, President of LMREI. "RealEra listened to our needs and implemented a solution that fit our budget as well as satisfied all of our requirements."

Today, the level of integration between LMREI and RealEra Portfolio Manager is impressive. From the moment a new potential investment appears, it is immediately entered into Portfolio Manager’s deal pipeline, and gradually gathers more data as it continues on its journey through the underwriting, due diligence, and approval process. After closing, the asset manager utilizes all of Portfolio Manager’s components to manage the investment, and regularly produces Web reports to monitor its performance. Property managers are given special accounts so they can upload monthly operating statements, budgets, and rent rolls directly to the server. Critical upcoming events such as loan extensions, lease expirations, and rate changes, are alerted well in advance of their due dates to allow ample time to address each of them.

For more information about the company, please visit its Web site at www.lmrei.com.