365 Connect Integrates Its Online Leasing Platform With Revenue Management Leader Rainmaker LRO™
NEW ORLEANS, LA / ATLANTA, GA – January 30, 2013 – (RealEstateRama) — 365 Connect, the New Orleans based, award-winning online technology platform provider for the multifamily industry, announced today the integration of its Online Leasing Platform with Rainmaker LRO™, an optimized pricing software platform designed to provide robust, mathematical analytics and reporting methodologies for operators of multifamily communities. The integration, currently for two joint customers, will deliver consistent updated pricing, reduce data-input error rates and improve overall operational efficiencies.
“The integration with 365 Connect amplifies the flexibility of the Rainmaker LRO™ platform and its ability to integrate with leading technology providers in the industry,” said Andrew Rains, executive vice president of Rainmaker LRO™. “As the only revenue management platform to develop these types of integrations, we are better positioned to provide the most streamlined user experience from the executive to the on-site level. We’re excited to partner with 365 Connect on this integration and help to better serve our mutual clients.”
The integration is a result of continued focus on customer relations from both the Rainmaker LRO™ team and the team at 365 Connect. After discussions with joint customers on the mutually inclusive benefits available as a result of this relationship, the companies worked closely to complete the integration within a matter of days. The final product enables data to be pulled directly from Rainmaker LRO™ to 365 Connect’s Online Leasing Platform, ensuring greater accuracy in pricing recommendations; creating more efficiencies and superior ease of use for on-site professionals, as well as stronger confidence in pricing practices. The integrated platform is currently deployed across two multifamily portfolios representing approximately 50,000 units.
“We are really pleased with the pace of the integration and are looking forward to continuing to add capabilities to the 365 Connect Platform on behalf of our customers,” said Kerry W. Kirby, president and CEO of 365 Connect. “The development effort was in response to clients specifically requesting the integration between 365 Connect and the Rainmaker LRO™ platform. I think that is a testament to the positive reputation Rainmaker LRO™ has achieved in the marketplace as well as 365 Connect’s drive not only to be responsive to the requests of our customers, but to make both platforms deliver a new scale of efficiency to the market.”
Rainmaker LRO™ is the leading multifamily lease rate optimization solution used to maximize revenue from apartment leases. The system calculates optimized pricing based on multiple factors that influence rate setting, including traffic and lease duration, move-in dates, competitive affects and other metrics. The system also produces enterprise-wide demand forecasts by measuring and analyzing historical and current market metrics and performing calculations necessary for occupancy predictions that are dynamically updated as market conditions change.
The 365 Connect Platform deals with issues every multifamily community faces with its unique ability to market communities across the internet on high traffic sites, automate social media postings and deliver desktop and mobile platforms for prospects to transact business. It follows the entire resident lifecycle and delivers services after the lease is signed, by providing residents with a content rich platform laced with online services and communication tools to enhance retention rates.
365 Connect is the recipient of several major technology awards in 2012, including the Louisiana Governor’s Technology Award, an eWARD from the Louisiana Technology Council, which honors a company for its unique cutting edge and innovative technology product or service, and three 2012 MHN Technology Choice Awards, topping the list for the second year in a row in all three of the categories for which it was nominated, Marketing Portals, Resident Portal and Resident Payment Systems.
“365 Connect is proud align its technology platform with The Rainmaker Group to deliver a robust integrated solution to the multifamily industry,” said Kirby. “This integration demonstrates the capability of the 365 Connect Technology Platform to rapidly evolve and grow to meet the changing needs of the multifamily housing industry.”
About Rainmaker: The Rainmaker Group is the market leader in profit optimization solutions for the Multifamily Housing and Gaming & Hospitality industries. Rainmaker software, coupled with professional business consulting services, enables multifamily housing operators to maximize revenue from apartment leases and helps operators of casino hotels and other hospitality enterprises secure the most valuable customers to increase their profitability. Rainmaker is a Microsoft Gold Certified Partner and leverages cutting-edge research in order to bring customers the most sophisticated solutions to their revenue management challenges. Adopted by industry leaders and niche players alike, Rainmaker solutions provide clients a strategic advantage in achieving the highest profitability from their assets. Multifamily housing clients include leaders such as Archstone, AvalonBay Communities, Equity Residential, Gables Residential, Post Properties, Mid-America Apartment Communities and more. Gaming/Hospitality clients include leading casino/hotel organizations such as Atlantis The Palm Dubai, Caesars Entertainment, MGM Resorts International, Omni Hotels & Resorts, Wynn Las Vegas and many others. Headquartered in northern Atlanta, GA, Rainmaker is an innovator and thought leader in the highly specialized revenue optimization field. For two consecutive years, Inc. magazine ranked Rainmaker among America’s top 5,000 fastest-growing, privately held companies. For more information, visit www.LetItRain.com.
About 365 Connect, LLC: Award-winning 365 Connect was founded in 2003 by a team of multifamily housing professionals with the primary goal of maximizing and accelerating online activities in the multifamily marketplace that reduce costs and increase revenue. Committed to delivering innovative solutions to meet the rapidly changing needs of the multifamily housing industry, 365 Connect is the industry leader in designing and delivering an array of online platforms that work in unison with each other to market, lease and retain residents in multifamily communities. The 365 Connect Platform interfaces with social media, management software, marketing platforms and a host of other third-party applications. It prides itself in being one of the most integration-friendly platforms in the industry and has proven to be so effective, that it has also gained acceptance with government programs in affordable housing. 365 Connect designs technology to enhance not only the user experience for property managers, but also prospects and residents that utilize its platforms to find, lease and live in multifamily communities nationwide. Explore: www.365connect.com.
