Hi Everyone,
I've been working with some like-minded folks on an Open Source Argus alternative. Frankly, we feel that we RE investors would really benefit from great quality open source tools that everyone can use. A lot of what is out there is painful and commercial use only (expensive, black box, can't be improved by the community).
We have an initial prototype - and would love to hear from any active RE analysts that are interested in this goal and would be willing to spend 45 minutes with us to see what we have and provide feedback. It's an open-source product, so we have nothing to sell you - we just want to build something great that will be useful across the industry. We are hoping to get something released in Q1 2022.
If you are too busy, it would be great to hear any pain points/things you love about the modelling software you are using (e.g. Argus, Fuel, Assess+RE, rDCF).
Thanks,
Best of luck! Ambitious project, but would be awesome if you accomplish it.
My biggest issue with Argus is the difficulty in partitioning out different categories of the Revenue. For example, how much revenue is tied to contract rents, renewal assumptions, new leasing activity, etc. Effectively & quickly being able to break down a deal quickly to see what's there, and what I'm assuming would be there, would be immensely valuable. Maybe there's a way to do this already, but haven't figured it out yet.
Raw data format is my preference. I can then extract that raw data and plug it into my own chart/summary for an OM.
Having the capacity to dynamically adjust the cash flow categories would be enormous. So in addition to the 'Lease Status' that I mentioned in my prior post, having an 'Industry Classification' category would be helpful, particularly for retail owners & brokers. Whether it's NAICS-style codes or something more akin to 'Healthcare & Beauty' or 'Clothing Stores', etc... Probably already thought of that, but just my $0.02