Argus Multifamily Unit Rollover and Absorption Formulas
I am trying to figure out how the multifamily template in Argus works. Specifically, I am confused about how Argus is calculating unit absorption and unit rollover (when I select evenly and say 12 months for average term). Does anyone know what the actual formulas are for this?
Why are you using Argus for a multifamily deal?
Came here to say the same thing
New residential leases post-covid have complex recovery CAM structures.
The other guys are funny. I'm going to give you the benefit of the doubt and assume that your employer uses Argus and it wasn't your individual decision. That said, I have never used Argus for multifamily and have no idea how they calculate absorption/turnover.
Candidly, it's been a while since I've worked a MF Argus model, but you'll have a unit breakdown (Studio/1BR/2BR/etc.) and you set each unit type to roll annually at regular intervals, which then bump out to the MLA assumptions. As you can imagine, there aren't TI/LC costs built into the MLA (assumption being there isn't ground floor retail) so the capital is modeled directly through Expenses/Capital. Feel free to PM if you need further clarification.
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