PropertyShark users are savvy real estate buyers, sellers, and professionals that are currently researching property, analyzing market values, and searching for investment opportunities.

“We created InstantAds to provide real estate professionals and other businesses with a quick and affordable way to advertise to PropertyShark users,” stated Bill Staniford, a General Manager at PropertyShark.com. “Due to the depth of information on the site, people using PropertyShark are typically very serious about buying or selling real estate, and InstantAds lets and advertiser get their message in front of them at a critical point in the real estate buying process.”

PropertyShark.com aggregates real estate data from hundreds of public and proprietary sources into an easy-to-use yet comprehensive property research website covering two dozen major markets. Site visitors can view detailed property reports for almost every residential or commercial property, scan recent sales comparables of similar properties to determine market values, browse foreclosure listings, and much more.

About PropertyShark

A wholly-owned subsidiary of Yardi Systems Inc, PropertyShark.com offers the information essential to evaluate real estate and make informed decisions. PropertyShark.com, which was named one of TIME.com’s “Top 50 Websites of 2009″, provides real estate professionals, investors and home buyers with data and tools on all aspects of property, including building details, ownership information, recent sales prices, property values and comparable sales, sophisticated maps, for sale and for lease listings, foreclosures and pre-foreclosures, mailing lists, photos, and more. PropertyShark.com was founded by Matthew Haines in 2003. For more information or a free basic account, visit www.PropertyShark.com.

About Yardi

Yardi Systems has been committed to the design, development, and support of real estate investment management and property management software for more than 28 years. With its Yardi Multifamily Suite™, Yardi Commercial Suite™, and Yardi Investment Suite™, the Yardi Voyager™ system is the most comprehensive single real estate management platform on the market today. Yardi serves clients around the world from offices in Asia, Australia, Europe and North America. More information about Yardi products and services is available at www.yardi.com.

Media Contact:      Joel Nelson
Yardi Systems, Inc.
800-866-1144 x1255
Joel.Nelson@yardi.com

SANTA BARBARA, CALIF., March 31, 2010 – Yardi Systems announced today that it has acquired PropertyShark, creators of PropertyShark.com, the premier real estate data website.

Yardi acquired the New York-based company to integrate deep property data into the Yardi suite of real estate investment management and property management software.

“PropertyShark’s aggregation of real estate data from hundreds of sources into a single property research website has changed the way real estate investors, professionals, and consumers educate themselves and make decisions about property in hubs like New York and Los Angeles,” said Gordon Morrell, Yardi’s executive vice president and chief operating officer. “Yardi acquired PropertyShark to expand the service nationally, strengthen our suite of products, and provide our clients with fully integrated access to detailed property information.”

“When I founded PropertyShark in 2002, I wanted access to the hard-to-reach property information held by sellers, city agencies and brokers so I could make informed decisions about real estate investments I was considering,” said Matthew Haines, PropertyShark’s founder.  “To see the concept taken from one neighborhood in New York City into the hands of one of the largest and most successful real estate software companies is a victory for everyone involved in buying, managing, and selling real estate based on transparent and comprehensive research.”

About Yardi

Yardi Systems has been committed to the design, development, and support of real estate investment management and property management software for more than 28 years.  With its Yardi Multifamily Suite™, Yardi Commercial Suite™, and Yardi Investment Suite™, the Yardi Voyager™ system is the most comprehensive single real estate management platform on the market today.  Yardi serves clients around the world from offices in Asia, Australia, Europe and North America. More information about Yardi products and services is available at www.yardi.com.

About PropertyShark

Founded by Matthew Haines in December 2002, PropertyShark offers the information essential to evaluate real estate and make informed decisions.  PropertyShark.com, which was named one of TIME.com’s “Top 50 Websites of 2009,″ provides real estate professionals, investors and home buyers with data, tools and educational classes on all aspects of property, including building details, ownership information, recent sales prices, property values and comparable sales, sophisticated maps, for sale and for lease listings, foreclosures and pre-foreclosures, mailing lists, photos, and more, available directly from the Web. For more information or a free basic account, visit www.PropertyShark.com.

“When I first started PropertyShark.com in 2003, it was just me and a few dozen investors and brokers in Harlem using the site” stated Matthew Haines, the Founder of PropertyShark.com. “To reach half a million registered users is a testament to the paradigm shift in the last five years towards information-based decision-making when it comes to buying and selling real estate. Everyone involved now wants to see the data.”

PropertyShark.com (www.PropertyShark.com) aggregates real estate data and listings from hundreds of public and proprietary sources into an easy-to-use yet comprehensive property research website covering two dozen major markets. Site visitors can view detailed property reports for almost every residential or commercial property, scan recent sales comparables of similar properties to determine market values, browse nearby for sale and foreclosure listings, and much more.

In August, PropertyShark.com was named to the TIME.com “Top 50 Websites of 2009″.

About PropertyShark.com: PropertyShark.com provides real estate professionals, investors and home buyers with data, tools and educational classes on all aspects of property, including building details, ownership information, recent sales prices, property values and comparable sales, sophisticated maps, for sale and fore lease listings, foreclosures and pre-foreclosures, mailing lists, photos, and more, available directly from the web. PropertyShark.com strives to level the playing field by offering independent real estate firms, investors, and savvy consumers the information transparency essential to evaluate real estate and make informed decisions. For more information or a free basic account go to: www.propertyshark.com

PropertyShark.com (www.propertyshark.com) aggregates real estate data and listings from hundreds of public and proprietary sources into an easy-to-use yet comprehensive property research website covering a dozen major markets. Site visitors can view detailed property reports for almost every residential or commercial property, scan recent sales comparables of similar properties to determine market values, browse nearby for sale and foreclosure listings, and much more.

“For PropertyShark.com to be included by TIME.com among a list of internet giants like Google, Wikipedia, Facebook, YouTube and Twitter is quite an honor, particularly coming after a year where traditional real estate paradigms have been tested,” stated Matthew Haines, Founder of PropertyShark.com. “Now more than ever, it is critical that real estate professionals, investors and home buyers have access to comprehensive property research tools in order to help make intelligent, informed decisions, and PropertyShark will continue to aggregate real estate information to help meet this goal.”

To see the full list of websites, go to:

http://www.time.com/time/specials/packages/0,28757,1918031,00.html

PropertyShark.com Founder Matthew Haines and CEO Bill Staniford are available for comment on any real estate stories by contacting pr@propertyshark.com)

In addition to property research and listings, PropertyShark also runs real estate classes in Manhattan through www.PropertySharkUniversity.com.

With over 20 million properties in twenty major markets, PropertyShark.com provides real estate professionals and investors with data and tools on all aspects of property, including building details, ownership information, recent sales prices, property tax, sophisticated maps, apartments for sale, foreclosures and pre-foreclosures, mailing lists, photos, and more, available directly from the web. PropertyShark.com strives to level the playing field by offering independent real estate firms, investors, and savvy consumers the information transparency essential to evaluate real estate and make informed decisions. For more information go to: www.propertyshark.com

In the third quarter of 2008, residential sales activity in Manhattan slowed to five-year lows and fell 34% from the same quarter of 2007. However, when properties sold, they did so at median prices 10% higher than the third quarter of 2007. Median price per square foot was up by 6% to $1180/ft.

“The Manhattan market retains its traditional position as the blue chip market that holds its value even in the toughest economic times” stated Matthew Haines, Founder of PropertyShark.com.

Taking out new development sales, the median sale price of Manhattan resale during the third quarter of 2008 remained flat at $850,000 compared to the same quarter last year, with median price per square foot up 6% to $1,152.

Even with higher median prices, the inventory of Manhattan for sale listings reached eight year highs, surpassing 10,000 listings this month.

“Sellers need to be realistic and strategic as the market shifts” stated Pamela Liebman, CEO of the Corcoran Group. “For the buyers who are serious, times like this can represent an incredible opportunity.”

The Corcoran Report seeks to inform homeowners about the relative value of their property while also educating potential buyers about what they might spend for different property types. It segments the Manhattan market into regions (downtown, midtown west, midtown east, upper west side, Upper East Side, and uptown) by property type (coop, condo, and townhouse) and by whether it is a new development or a resale.”

Third quarter Manhattan sales by neighborhood:

• Upper East Side – Median sale price was down 5% for co-ops and down 4% for condos. Median price per square foot fell 4% for co-ops ($946) and rose 6% for condos ($1475)
• Upper West Side – Median sale price was up 16% for co-ops and down 1% for condos. Median price per square foot rose 9% for co-ops ($1042) and rose 16% for condos ($1600)
• Midtown West – Median sale price was down 10% for co-ops and up 11% for condos. Median price per square foot rose 9% for co-ops ($841) and rose 12% for condos ($1433)
• Midtown East – Median sale price was down 10% for co-ops and up 3% for condos. Median price per square foot was flat for co-ops ($821) and up 2% for condos ($1200)
• Downtown – Median sale price was up 2% for co-ops and down 10% for condos. Median price per square foot was up 7% for co-ops ($1054) and up 4% for condos ($1242)
• Uptown – Median sale price was up 6% for co-ops and down 12% for condos. Median price per square foot was down 15% for co-ops ($536) and flat for condos ($662)

An interactive map with all third quarter sales from the report can be found at: http://www.propertyshark.com/mason/Maps/?map=nyc2&basemap=quarterlysales

“Market signals are mixed” stated Haines. “Core Manhattan prices remain strong, but Harlem and uptown Manhattan are showing weakness. Weakening in the fringe areas is traditionally a leading indicator to trouble in the core. On the other hand, within four weeks a great deal of uncertainty will probably dissipate after the president is elected and congress has hopefully settled on a course of action with respect to a bailout.”

Press may request a copy of the report by contacting Brian Scully at 718.408.4985 or visiting PropertyShark BlogCenter

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With over 25 million properties in twenty major markets, PropertyShark.com provides real estate professionals and investors with data and tools on all aspects of property, including building details, ownership information, recent sales prices, property values and comparable sales, sophisticated maps, for sale and for lease listings, foreclosures and pre-foreclosures, mailing lists, photos, and more, available directly from the web. PropertyShark.com strives to level the playing field by offering independent real estate firms, real estate investors and savvy consumers the information transparency essential to evaluate real estate and make informed decisions. For more information go to: www.propertyshark.com

“The Corcoran Group, a leading residential real estate brokerage company in New York City, operates 47 offices with 2,500 sales associates serving Manhattan, Brooklyn, the Hamptons, the North Fork, Shelter Island, Delray Beach and Palm Beach, Fla. The Corcoran Group, www.corcoran.com, is part of NRT LLC, the nation’s largest residential real estate brokerage company. NRT, a subsidiary of Realogy Corporation, operates Realogy’s company-owned real estate brokerage offices.

“The public’s thirst for more and better information on residential real estate is changing the way we work,” said Corcoran CEO Pamela Liebman. “Our goal in partnering with PropertyShark.com is to further enhance Corcoran’s considerable abilities in providing up-to-the-minute information to our agents and to the consumer and to inform and educate them in the sale or purchase of a home.” “By selecting PropertyShark.com, Corcoran brokers and agents will have access to unparalleled information on every property in New York,” said Bill Staniford, CEO of PropertyShark.com. “There is no doubt in my mind this will help Corcoran’s clients make the best possible decisions about buying or selling a home.”

The benefits of the partnership will be enjoyed in multiple ways. Corcoran will provide PropertyShark.com’s most essential data to its New York City agents at no cost to the individual users. In addition, professionals from PropertyShark.com will give both introductory and ongoing training to Corcoran agents to familiarize them with the tools the site provides. At Corcoran’s request, PropertyShark.com programmers are developing numerous enhancements to the site, including a polygonal search tool, improved list and mailing label generating capabilities, and the ability for agents to send property reports to a customer using the Corcoran branding. Finally, PropertyShark.com will supply data and analysis to Corcoran’s technology and research departments to enrich The Corcoran Report’s information matrix, substantially enhancing its scope and reach.

Recognized by The New York Times, New York Magazine and The Real Deal as the city’s leading real estate information website, PropertyShark.com has become an indispensible tool for consumers, investors and real estate professionals alike. PropertyShark.com’s researchers scour the public record and pound the pavement to collect data on sales, foreclosures, title transfers, ownership and the history of real estate in major metropolitan areas around the country, with a particular focus on New York City. In turn, it enables real estate professionals to educate themselves about properties, to collect the most up-to-date comparables, and to market themselves and their listings to target audiences.

The Corcoran Group, a leading residential real estate brokerage company in New York City, operates 47 offices with 2,500 sales associates serving Manhattan, Brooklyn, the Hamptons, the North Fork, Shelter Island, Delray Beach and Palm Beach, Fla. The Corcoran Group, is part of NRT LLC, the nation’s largest residential real estate brokerage company. NRT, a subsidiary of Realogy Corporation, operates Realogy’s company-owned real estate brokerage offices

With over 20 million properties in twenty major markets, PropertyShark.com provides real estate professionals and investors with data and tools on all aspects of property, including building details, ownership information, recent sales prices, property tax, sophisticated maps, apartments for sale, foreclosures and pre-foreclosures, mailing lists, photos, and more, available directly from the web. PropertyShark.com strives to level the playing field by offering independent real estate firms, investors, and savvy consumers the information transparency essential to evaluate real estate and make informed decisions. For more information go to: www.propertyshark.com

“Bill has a proven background as an exceptional business leader and sales professional,” stated Matthew Haines, Founder and Chairman of PropertyShark.com. “Revenue and usage have tripled since Bill joined the team and it seems that our momentum is just beginning, having completed our strongest quarter ever in what is supposed to be a difficult time in the real estate industry.”

Bill joined PropertyShark.com in 2006 as the Vice President of Sales with prior experience as a Director for Kaplan, Inc., Founder and CEO of Mozaic Design and Décor, and as a U.S. Marine. Bill has a B.A. from the University of Texas and an M.B.A. from the Leeds School of Business at the University of Colorado. Bill’s transition to the CEO role had been planned for a while.

“I have a lot of experience in executive roles, whether it’s starting my own business or running one for a much larger company, so this position feels like a great fit for me,” said Mr. Staniford. “Interestingly, as a Marine I spent a lot of time gathering, analyzing, and disseminating information. We do the same thing here at PropertyShark.com, it’s just real estate information instead of military intelligence.”

In his first moves as CEO, Bill has focused on four new business lines to complement the successful PropertyShark.com website:

• Corporate Groups, to enable companies to purchase PropertyShark.com services for their employees
• PropertyShark University, to educate, license and train real estate professionals through innovative continuing education classes
• Advertising, to help real estate professionals reach out to our dynamic and expanding user base
• Data Services, to assist real estate professionals and other data consumers find solutions in our massive real estate database.

The core PropertyShark.com business will continue to be based on aggregating thousands of data sources to provide comprehensive Property Reports for every property in a county, Comparable Sales search to help users assess a property’s market value, Foreclosure and Pre-Foreclosure Listings, Owner Phone Numbers, Interactive Maps, Mailing Lists, and Building Photos. Free basic accounts and professional subscriptions are available at www.PropertyShark.com.

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With over 20 million properties in twenty major markets, PropertyShark.com provides real estate professionals and investors with data and tools on all aspects of property, including building details, ownership information, recent sales prices, homes for sale,  apartments for sale, foreclosures and pre-foreclosures, mailing lists, photos, and more, available directly from the web. PropertyShark.com strives to level the playing field by offering independent real estate firms, investors, and savvy consumers the information transparency essential to evaluate real estate and make informed decisions. For more information go to: www.propertyshark.com

PropertyShark.com has quickly been adopted by the entire ecosystem of real estate professionals, including real estate developers, investors, commercial brokers, residential realtors, property appraisers, mortgage brokers, lenders, REITS, property insurers, lawyers, architects, property managers and real estate acquisitions companies.

PropertyShark.com includes residential and commercial property reports, a comparables sales search tool, foreclosure listings, photos, and specialized real estate maps, aggregating information from thousands of sources into the site. Markets include Los Angeles, New York City, Miami, Seattle, Boston, Austin, Houston, Philadelphia, San Francisco, Washington DC, and all of New York State and New Jersey.

“While many property research sites appear to be bent on damaging the livelihoods of industry professionals, PropertyShark.com leverages information and technology to empower real estate professionals,” said Ryan Slack, chief executive officer, PropertyShark.com. “We provide reports, data, and tools for the entire spectrum of real estate professionals and we continue to innovate to support the business needs of the industry.”

PropertyShark.com offers brokers point-and-click comparables reports, complimentary For Sale listings and detailed property information. For developers and investors, the site has owner information, zoning, air rights, and property valuation tools to help identify and evaluate opportunities that may not even be on the market. For appraisers, PropertyShark.com provides recent sales comparables search tools and photos. For insurers and lenders the site has property characteristics and hazard data such as earthquake information, construction type and FEMA flood maps.

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With over 20 million properties in twenty major markets, PropertyShark.com provides real estate professionals and investors with data and tools on all aspects of property, including building details, ownership information, recent sales prices, property tax, sophisticated maps, apartments for sale, foreclosures and pre-foreclosures, mailing lists, photos, and more, available directly from the web. PropertyShark.com strives to level the playing field by offering independent real estate firms, investors, and savvy consumers the information transparency essential to evaluate real estate and make informed decisions. For more information go to: www.propertyshark.com

The website includes detailed property reports, a comparables sales search tool, foreclosure listings, and specialized real estate maps.

Property Reports: Detailed property reports cover every property in the county, commercial and residential, whether listed for sale or not, and include the owner’s name, last sale price and date with buyer and seller’s names, property tax information, property details, neighborhood price history, neighborhood demographics, automatic valuation, title documents, and more.

Comparables: The Comparables tool lets you search for recent sales of similar properties based on multiple criteria to estimate the market value of your target property. Filter by zip code, radius, property type, square footage, sales date and more, for both residential and commercial properties.

Maps: These county maps include property outlines, color coded layers for year built, sale date, land use, median income, population density, and even wealthy single men/women availability!

Foreclosures: Current and comprehensive foreclosure listings (Trustee Sales) are available for Alameda, Contra Costa, San Mateo , Santa Clara, Santa Cruz, Solano, Sonoma and San Francisco. They are currently free to browse.

To look up a property in any county, go to:

• Alameda Property
• Contra Costa Property
• Marin Property
• Napa Property
• San Mateo Property
• Santa Clara Property
• Santa Cruz Property
• Solano Property
• Sonoma Property

Browse the SF Bay Area foreclosure listings here.

“We have noticed a trend where not just real estate professionals, but savvy homebuyers as well, demand access to detailed property information and sales comparables before making real estate decisions.” said Ryan Slack, chief executive officer, PropertyShark.com. “Our expanded Bay Area coverage provides real state professionals, investors, and homebuyers with essential tools and data to evaluate investment opportunities. The days of buying property with little to no information are over.”

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With over 20 million properties in twenty major markets, PropertyShark.com provides real estate professionals and investors with data and tools on all aspects of property, including building details, ownership information, recent sales prices, property tax, sophisticated maps, title search, foreclosures and pre-foreclosures, mailing lists, photos, and more, available directly from the web. PropertyShark.com strives to level the playing field by offering independent real estate firms, investors, and savvy consumers the information transparency essential to evaluate real estate and make informed decisions. For more information go to: www.propertyshark.com

“Expansion of the PropertyShark.com management team is an important milestone in our rapid growth. Bill Staniford and Brian Scully bring extensive sales and marketing experience to bear on the task of increasing awareness of the most in-depth real estate investment data and tools in the marketplace. We are delighted to have Brian and Bill as part of PropertyShark.com team,” says Ryan Slack, chief executive officer, PropertyShark.com.

Brian Scully joins PropertyShark.com as Vice President of Marketing, bringing over ten years of experience successfully growing new software, technology, and digital media companies. From marketing strategy to lead generation to branding, he effectively created market demand for new and innovative products. In his last position, Brian headed end-to-end marketing for UMT, supporting the launch and commercialization of UMT’s enterprise software solution by driving leads and new business while positioning the company and the product as leaders in the space. His efforts helped lead to the successful sale of UMT to Microsoft in 2006.

Brian has a B.A. from UCLA and an M.B.A. from the Stanford Graduate School of Business.

“I was drawn to PropertyShark.com because its breakthrough service finally provides people with the information transparency essential to evaluate real estate and make informed decisions. The extensive real estate data, maps, and photos being aggregated on PropertyShark.com from disparate government and business silos is astounding, and will lead to a new era where no property transaction is made without deeper analysis. I want to help make this critical information easily accessible to everyone involved with real estate at a fair and affordable price,” comments Brian Scully, vice president of marketing, PropertyShark.com

Bill Staniford joins PropertyShark.com as Vice President of Sales with extensive sales experience in top-level positions, including selling to homeowners and businesses for redecoration and renovation projects in the home improvement industry. He also has sales experience in the education industry and has over nine years of general management experience. As Vice President of Sales his responsibilities will include creating and managing both an in-house and an outside sales force.

Bill has a B.A. from the University of Texas and an M.B.A. from the Leeds School of Business at the University of Colorado.

“I was attracted to PropertyShark.com for two reasons: As a businessman, I feel that PropertyShark.com has unlimited potential and a distinct competitive advantage over our competitors. As a salesman, I feel that our product is a must-have for anyone even remotely interested in real estate let alone the professionals. Even if you are just buying a house, the information that we provide is invaluable. Furthermore, I believe that my experience will enable me to educate and manage an aggressive results-driven national sales force for PropertyShark.com,” says Bill Staniford, vice president of sales, PropertyShark.com.

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With over 20 million properties in twenty major markets, PropertyShark.com provides real estate professionals and investors with data and tools on all aspects of property, including building details, ownership information, recent sales prices, property tax, sophisticated maps, apartments for sale, foreclosures and pre-foreclosures, mailing lists, photos, and more, available directly from the web. PropertyShark.com strives to level the playing field by offering independent real estate firms, investors, and savvy consumers the information transparency essential to evaluate real estate and make informed decisions. For more information go to: www.propertyshark.com