Does anybody know if a lot of DEVELOPMENT firms require Argus Enterprise Certifications?
I have 8 years of development experience, but I'm looking to enhance my resume with some certifications. I'm taking the REFAI course - and I've been thoroughly impressed so far; I highly recommend. I know most Acquisitions and Asset Management positions require Argus Certifications, but I'm interested to know if development firms look for AE certifications as well. Any feedback would be greatly appreciated fellas:)
I would say it’s largely dependent on the asset class. Most asset management/acquisitions jobs I applied for did not have require or even ask for an Argus cert even though I had one.
Yup. Totally dependent on asset class.
Multifamily? No use for it.
Office? Definitely (are office development firms hiring lmao?)
Retail? Maybe
Industrial? Maybe
Def needed for multi tenant retail imo. Absolute pain in the ass to model in excel a multi tenant asset where each of the tenants has their own recovery structure or expense groups.
Yeah I said maybe because single tenant retail or very small scale retail exists. Totally agree with you for larger investments with tons of tenants.
Would you say it’s the same with industrial? Unfamiliar with industrial leases but does it get complicated with multiple tenants
99% of industrial leases are NNN, so Argus is not necessary
Only for retail/office and some firms are ok with you coming in without Argus experience, but knowing Excel very well. I've heard from recruiters that just having the certificate doesn't show much so may not be worth it, especially since it's $1,000 or around there.
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