What is your process for creating a new ARGUS template for new deals?

mbx1442's picture
Rank: Monkey | 44

Curious as to all of your processes for running through a new potential acquisition and what your process / steps to tackle inputting the property into ARGUS. Sometimes can get lost in the weeds for a while going back and forth between adding new tenants to the rent roll + market leasing information and was curious if anyone had a set, tried and proven model for running through leases and inputting into ARGUS quickly with some form of process / methodology that would make this a bit quicker. Figuring some of you may find it useful to utilize a checklist or something of that sort to make sure you are not missing anything in particular that would be helpful to share - things like making sure your TI allowance inflation matches up to when a tenant actually moves in are items that often require adjusting 3-4 input fields in different areas, and it can get cumbersome keeping track of this all.

Thanks

Comments (11)

Jun 13, 2019

Bump it up

Jun 20, 2019

Bump it up again

Jun 20, 2019

Who puts in all of these ARGUS inputs for a manhattan office building? Are the inputs derived from a previous building/template?

Seems cumbersome. What's the typical process for knowing what market assumptions to enter and reading through all of the leases? How many days does it typical take to complete an ARGUS for a 80 tenant office building? Thanks.

Jun 20, 2019
yayaa:

Who puts in all of these ARGUS inputs for a manhattan office building? Are the inputs derived from a previous building/template?

Seems cumbersome. What's the typical process for knowing what market assumptions to enter and reading through all of the leases? How many days does it typical take to complete an ARGUS for a 80 tenant office building? Thanks.

Curious as well because I've never spoken to anyone regarding their best practices, hence the thread. It takes me a while to complete and I don't have a soldified uniform "steps to take" in creating new templates, which often works against me. I was hoping someone would share a template they use or a guide to hit to knock these out quickly and efficiently. For me, the biggest issue is forgetting EVERY input and making sure all my numbers tie together + inflation is accurate across all in-place + market assumptions so as to not screw anything up. Need to devise a system to make this more efficient and easier to follow in creating new runs.

Jun 20, 2019

create a new file every time and start from scratch it's - the only way to know it's right. I've u/w buildings with over 200 tenants and malls with 300+, and yes it sucks but that's the value of having someone that knows Argus cold.

Jun 20, 2019
nymetrorealesate:

create a new file every time and start from scratch it's - the only way to know it's right. I've u/w buildings with over 200 tenants and malls with 300+, and yes it sucks but that's the value of having someone that knows Argus cold.

Do you have a set process / step / check list you follow for creating a new file from scratch? How do you keep track of a simple process to keep your sanity when entering in that many tenants? You must follow some sort of process whether it's written or unwritten to make sure you're not missing anything in every tenant you input. Something like that would be helpful if you do!

Jun 20, 2019

this is what i've found to be the most effective way in created Argus runs from scratch: create a rent roll (similar to what you see in an OM) while you read through each lease that has, SF, LCD, LXD, Rent PSF, Rent/mo, BY amt's for CAM, RET, Ins, Etc, pro rata shares. Once you do all of that, then you can just copy and paste the values into Argus.

Jun 20, 2019

You enter this all into an Excel and then paste into ARGUS? Even if you don't, that may be a really good way to make sure you catch everything in one go.

Jun 20, 2019

yes, just make sure the formatting is in "number" in excel because argus doesn't catch the $ sign. i do it for the tenant name, suite, SF, LCD, LXD, Rent PSF, BY amounts, Pro rata shares.

Jun 23, 2019

Start with your own template: If you are chasing the same product/sub-markets you can leave in MLA's as as starting point. Same with macro assumptions, timing, and preferred deal format. Multifamily/mixed use is really easy since you can just update unit types instead a rent roll. You can also copy entire line items (leases, debt, etc) from any existing model.

Jun 24, 2019
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