Has anyone worked with ARGUS for a development model using their Development Module? Pros / Cons to the product? Does it work across all asset classes (incl hotels, mixed use) and how flexible is it in driving assumptions (different % debt/equity draws, timing of cash flows, sensitizing terms of debt financing and equity waterfalls, etc)? The fund I'm at is contemplating using ARGUS Development for our deals going forward, outside of traditional excel models.
Thanks.
i don't know a single developer that uses this product, and there is probably a reason for it. we demo'd the software and it is pretty decent for tracking costs/schedule/spending cost curves for construction but financing has always been a problem in argus. if that is where you need the most help, might advise against it. they will give you a free demo for 30 days though if you get in touch with a sales rep--why don't you check it out and see what you think personally?
also i think general conventions have something to do with it. most investors are used to seeing an argus for the rent cash flows and recoveries, excel for everything else. it just isn't familiar enough yet for a lot of people to use it.
I know one well know industrial developer in the LA area and they use it. I have no idea about its functions though.
I know firms that swear by Argus and firms that don't bother with it. Still, in my completely unscientific statistically opinion, Excel has 99.9% of the functionality of Argus and is 99.9% more intuitive.
The OP asked about argus developer, way different than argus DCF. And I respectfully disagree with you regarding functionality. Yes, you can develop anything that is in argus into excel, but cam reimbursements & complex caps will be so convoluted and error prone that your model will lose credibility.
Bah, you got me.
Anything with Debt or Waterfalls sucks with EVERY Argus product. That's always a safe answer.
haha well not sure I've ever seen a dev deal with all equity
Debt additions are constructed within excel after the argus CF is exported to excel. 100% of the time.
Bumping thread. Any other views on Argus Developer? (The YouTube videos look pretty amazing.)
Also looking for information here. Debating a purchase at our shop. The YouTube seems pretty intuitive, especially when dealing with timing and sensitivity upon exit.
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