I thought about taking 2-3 weekends to producing an 8-10 hour video training on AE and putting it up on Udemy or similar website, possibly providing some case study files to do the step-by-step on your own. The portfolio roll up of multiple AE files sucks ass because you need to extend the hold period in each file before rolling up. Using the 'import DCF' function is S#it for rent steps, so you really need to audit every lease rent step.ģ. AE seems to gross up reimbursements, so the exact same inputs from DCF used in AE will result in a higher valuation on reversion value.Ģ. Here's the major difference to be aware of when switching from DCF to AE:ġ. I've been using AE for about a year now and prefer it to DCF only because it calculates changes in real time, but I miss the ability to see the rent roll on one screen. Would anybody be willing to pay $200-300 for a 10 hour training video and possible 1-on-1 time for quick questions or by email? I think my company paid about $1,500 for me to go to a basic AE intro course, but seemed like such a waste. I would love to have a copy of the training manual. If you have taken Argus DCF or Enterprise classes.
PM me and I can send it to you.ĪRGUS REFERENCE MANUAL Lease By Lease & Unit Sales Cash Flow Analysis, Commercial & Residential Development and Portfolio Modeling Software VERSION 11.0 (Outdated, but may be useful)ĪRGUS: Valuation DCF - Calculation Manual (April 25, 2011) I at one point took the class, but misplaced my training manual. It represents half of the DCF paid training.
NOTE: I have this saved as a PDF and includes one case study. ARGUS: Valuation DCF - Training Manual - Contents - Day 2 (p.ARGUS: Valuation DCF - Step-By-Step Guide (April 25, 2011) Has anyone had their company send you through their Argus Enterprise Training classes and received a case study book? If so, I would love a PDF copy! Help your fellow monkeys out! There are some crafty people on WSO that reached out to me and got me interested in their case studies, but then tried to tag a $300 price on it to their personal paypal. I've tried all avenues to get my hands on some case studies for Argus Enterprise with no avail. And if you need to change some of the suites assumptions, or the general market assumptions, you don't need to edit every single MLA. For example, if you have a building that is going to change use (or is dated and needs significant capital on the next roll, etc) and your rollover assumptions are much different than your typical market assumptions, you can set up a rollover MLA for each suite, then have them all roll to your market after that. Previously, in DCF, if you had this set up and you wanted to change your market assumptions, you had to go into each MLA.
You can set up 1 or two "Market" MLAs for your building and have each of your specific MLAs roll into that one.
Because we use specific assumptions for each suite (rather than 1 or 2 per building) I don't get the full benefit of this feature, but I think this is actually a big improvement over DCF. In the rent roll I have the suite roll to the first MLA, then in the market leasing tab, you have the 1st MLA roll to the 2nd, and the 2nd MLA roll to itself (so it just keeps looping back to the market assumption in the future). The first is specific assumptions for the following rollover, and the 2nd is that suites general market assumption. We assign specific MLAs to each suite, so I usually replace the 5 that AE creates with 2 for each suite. These work, but I usually replace them since they are mostly redundant. Its basically assuming that you have used all 4 override terms and creates a MLA for what each looks like. In my experience the conversion from DCF to AE keeps the substance of your MLAs the same - cash flows will still generally tie out. Do you ever run in to issues if you have to share information with outside firms since you are now using a competitor? Gentlemanandscholar - Out of curiosity, how do you deal with interacting with other shops for modeling? I think we can all agree that the majority of the industry works in ARGUS DCF.
So it sounds like its DCF with a bunch of Asset Management tools built in? Thats awesome, especially since my shop has $0 AUM. We ultimately ended up going with a competitor. I was involved with the testing of this product at my old shop. I really do not see value for small / boutique shops that outsource a lot of their operational functions. This is really only relevant to large real estate platforms. It's essentially the DCF version coupled with budgeting software. Argus Enterprise is argus's new platform they are pushing really hard.