Case Study: Urban Edge achieves greater efficiency and automation in retail property management with MRI Software

Urban Edge drives efficiency with MRI Retail solutions

Urban Edge Properties, a New York–based REIT that owns 16 million square feet across 86 shopping-center properties, needed an agile technology stack after its 2015 spinoff to automate retail property management, integrate best-of-breed partners, and differentiate through technology in a fast-changing industry.

In 2017 Urban Edge implemented MRI Software (Commercial Management, Investment Management and Financials including CRE lease accounting) and integrated partner tools for recoveries, lease abstraction and reporting. The new platform replaced manual, spreadsheet-driven workflows (including a recoveries process that took up to two weeks per month), centralized lease data, standardized reporting and enabled rapid adoption of new lease accounting standards—resulting in improved data quality, faster billing and reporting, and substantially reduced manual effort.

Urban Edge

Cecilia Li

Senior Vice President IT