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JumpStart Ventures, an arm of nonprofit JumpStart Inc. that invests in early-stage companies in Northeast Ohio, said one of its portfolio companies, DIY Real Estate Solutions, has been acquired by Yardi Systems, a provider of asset and property management software based in Santa Barbara, Calif.

JumpStart did not reveal the terms of the deal for DIY Real Estate Solutions, which is a developer of web-based property management software. However, JumpStart Ventures said it “generated a positive internal rate of return on its investment.”

“This positive exit is a great win for DIY’s seasoned entrepreneurial team,” Becca Braun, president of JumpStart Ventures, said in a statement. “For us, it shows that investing in early-stage businesses works. While picking winners at this earliest investment stage is tricky business, we know there will be winners that will grow, create wealth for entrepreneurs and employees, and further grow the cycle of success in our early-stage technology community. From an investment and growth standpoint, DIY is one of those winners.”

The nonprofit said the return on investment will enable JumpStart Ventures to continue investing in 10 to 15 early-stage companies each year.

The acquisition of DIY Real Estate Solutions allows Yardi to offer an integrated, web-based property management system designed for companies that manage 1,000 or fewer units.

“DIY’s software offered the perfect complement to our suite of products and the team in place was impressive,” Brad Setser, vice president of Yardi, said in a statement. “Having both companies’ solutions increases the options that will help clients operate more efficiently and competitively.”

JumpStart Ventures has made 60 investments in 47 companies.

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