ARGUS and Valuation, Together, Opens Doors

Content

STRUCTURE

RESULTS

SCHEDULE

Week
1
Primer: DCF Analysis

Academics talk about three approaches to value, but practitioners exclusively use one framework when valuing income-producing properties: DCF analysis. We start the course by making sure that every participant has a strong grasp of DCF mechanics, inputs, outputs, and return measures.
Week
2
Primer: ARGUS

Understanding the purpose, architecture, calculations, and functionality of ARGUS is essential for valuing complex assets. Additionally, you will examine which levers are commonly utilized to influence valuations, and how to manipulate them within the software.
Week
3
Guided Case Study: 1099 Stewart

Guided practice significantly accelerates understanding of valuation and ARGUS mechanics. The first case study takes guessing out of the learning equation by providing step-by-step instructions. You will build a model, then export and manipulate your findings into an Excel valuation model.
Week
4
ARGUS Pitfalls and Outputs

Utilizing your base model from the first case study, you will replicate the exact process that acquisitions and asset management professionals follow. You will interpret real-world scenarios, adjust your model, and arrive at a final estimated value.
Week
5
Case Study: Empire State Building

You will value one of the most complicated assets in real estate: The Empire State Building, with its 200+ tenants, gross leases, net leases, observatory income, extensive retail, etc. You will independently produce a value (with support from classmates and instructors), then have a chance to defend your assumptions.

Class Materials

Concentrated program textbook
Skills development exercises
Video tutorials
Mini-case practice

Instructional Team

Full-time real estate professionals
Decades of valuation and ARGUS experience
Four or more instructors per cohort
Cross-functional expertise

Case Studies

Step-by-step case study
Empire State Building Case Study
Supplemental cases for extra practice
All major property types
Real-world complexities

ARGUS Access

3+ months of ARGUS Enterprise Software
Ability to complete ARGUS Certification
Access to ARGUS’s training materials and test prep

Results

Participant feedback chart

24 %

Gain in knowledge of Valuation Mechanics

7.2/10

9.2/10

34 %

Gain in knowledge of Capital Markets and Return Metrics

6.5/10

8.8/10

120 %

Increase in knowledge of Valuing Properties in ARGUS

3.9/10

8.7/10

Will recommend to a Friend
Say the course increased their earning capacity

100%

Will recommend to a Friend
Say the course increased their earning capacity

WHAT PEOPLE SAY ABOUT VALUATION IN ARGUS

"Learning from people that have so much valuable real-world insight of the CRE world as investors was incredible."

"I really enjoyed the course overall and gained a lot from the office hours, even if just by listening. I think that the case studies are valuable as it tied the key valuation concepts to the practical process of building the ARGUS model out."

"We focused on application through case studies, which greatly enhanced the learning experience. I loved that we got the regular ARGUS manual as well for deeper technical applications and know-how. The videos and practice materials were excellent."

"The Empire State Building case study was helpful even outside the course, as it facilitated regular conversations with colleagues."

"I really liked that the course revolved around two real-world case studies. Building the class around these gave a deeper impact to the topics covered. I also particularly liked how the course started with the review of return metrics and the 12 valuation levers. These are the building blocks of real estate valuation, so it was helpful to reorient."

"People approach valuations from different perspectives based on their experiences, and I enjoyed the group discussions to hear various viewpoints."

"Wow! I have a much better understanding of ARGUS and the entire process of valuation. The book and videos were both incredibly valuable. The discussions helped put everything into perspective. That ESB project really helped push me to jump into the software Argus and learn by doing. GREAT CLASS!!!"

"The textbook step-by-step process was a lifesaver. No way I would've been able to get up to speed quickly without a guidebook like this. Superb quality, as always."

"The two cases studies were fantastic reps and the most impactful components to this class."

Enroll

Session	Format	Start Date	End Date	Times	Base Price	Current Price	Availability
Winter	Synchronous	Nov 29, 2023	Jan 3, 2024	--			Sold Out
Summer 1	Asynchronous	May 18, 2024	Jun 22, 2024	N/A	$1,999	$1,499	Apply Now
Summer 2	Synchronous	Jul 17,2024	Aug 21, 2024	TBD	$2,999	$2,499	Apply Now