Real Estate IB & ARGUS
i recently started a SA stint at a real estate IB (firm focuses only on real estate deals) and I was wondering if any of you, particularly those who know anything about RE coverage groups within larger banks such as BBs, are familiar with ARGUS software.
i have access to the software at work and was told that i could play around with it and try to learn RE finance modeling with it with any down time I may have during the day. I will prob play around with it anyway just for the sake of learning more on the job, but is this software used at all in RE groups within larger banks on the street and would knowledge of it be advantageous during recruiting and such in the future?
thanks.
I know that at MS RE they use it a bit. Focus of their deals is more macro, and less at the propety level, thus ARGUS is not always necessary. If you are interested in real estate, having a basic knowledge of ARGUS is always a good thing.
No idea about REIB, but Argus (and sometimes Dyna) is essential at most REPE shops.
If you want to learn ARGUS I have posted several ARGUS tutorials (free for now)
Google ARGUS DCF Tutorial and you will see my blog "Learn To Analyze Commercial Real Estate Using ARGUS DCF"
The tutorial will go through how to down load the free version of ARGUS and guide you through building a basic model.
Hope this helps
My contact is on the blog if you have questions/comments
it's very useful to know about ARGUS if you're going to stay in RE... my current RE PE shop doesn't use it, and I've gotten some resistance from other RE PE shops during interviews when I mentioned I don't know much about the program.
Yeah, in the past, I've got resistance over this, too. It kind of blows me away because I've heard you can learn ARGUS in about a day or two of heavy use. It's not like it requires 5 years of practice to become sufficiently knowledgeable in the stuff.
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