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FOR RELEASE JUNE 4, 2003 Cornerstone Uses AssetEye Portfolio Manager to Streamline Operations and Bring Together Property Managers, Asset Managers, and Regional Directors NEW YORK, June 4, 2003 – AssetEye Inc., a leading provider of portfolio management tools for commercial real estate, today announced that Cornerstone Real Estate Advisers, the real estate equity investment manager for Massachusetts Mutual Life Insurance Company (MassMutual), is deploying the AssetEye Portfolio Manager in its nationwide offices, including its third-party property managers, with an expected user community of over 600. Cornerstone’s portfolio comprises of some of the finest office, retail, multifamily, and hotel properties throughout the U.S. Cornerstone will leverage its existing property accounting system, MRI (Management Reports International), with links to the AssetEye platform. AssetEye supplements MRI by providing advanced browser-based reporting and charting. Cornerstone will also employ AssetEye’s workflow technology to automate its monthly property reporting, and quarterly client reporting. Cornerstone will deploy multiple user roles through AssetEye’s central framework to provide a tailored user experience for Property Managers, Asset Managers, Regional Directors, Accountants, and other Cornerstone staff around the country. AssetEye will provide its ASP-hosted Portfolio Manager during a transition phase, after which Cornerstone plans to install and host the AssetEye system on its own internal network platform. About AssetEye Inc. AssetEye (www.asseteye.com)
is a provider of award-winning advanced software solutions for
commercial real estate owners, advisors, asset managers, and other
investors. Its flagship portfolio management solution has gained
industry recognition for its ease-of-use, flexibility, and
commitment to industry standards. Cornerstone Real Estate Advisers (www.cornerstoneadvisers.com) was established in 1994 to provide private real estate equity investment management services for its parent corporation, Massachusetts Mutual Life Insurance Company (MassMutual), and tax-exempt and taxable institutions. Since then, we have added management of public real estate securities to our array of services. Our clients include public and corporate pension funds, endowments, foundations, and insurance companies. As of mid-year 2003, Cornerstone had more than $4.6 billion in properties or committed capital under management. For information, reporters may contact: |
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