ARGUS and Valuation, Together, Opens Doors

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.
Week
6
Course Closeout and Certification

Wrap up the course by completing your post-assessment, finalizing your Empire State Building value, and completing your ARGUS Certification exam.

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

Course Options	Cohort-Based	Asynchronous
Learning Content	✔	✔
ARGUS Access & Certification Bundle	✔	✔
Assessments & Scoring	✔	✔
Completion Certificate	✔	✔
Case Study Feedback	✔	✔
Office Hours 2x / Week	✔	x
Personalized Case Study Feedback	✔	x
Detailed Personal Scorecards	✔	x
Cohort-level Rankings & Guidance	✔	x
Printed Course Materials	✔	x
Base Price	$1999	$999
Current Price	$1499	$999

*Already have ARGUS? Email jbarber@creanalyst.com for a Discount Code!

Results

Participant Competency Growth

See how recent students have rated their growth in key skills after taking the Valuation in ARGUS Course.

93 %

DCF Fundamentals, Pro Formas, Return Metrics

4.4/10

8.5/10

113 %

Valuation Mechanics & Capital Markets

4/10

8.5/10

212 %

Navigating ARGUS

2.6/10

8.1/10

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

93%

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	Cohort	Jan 22, 2025	Mar 9, 2025	N/A	$1,999	$1,499	Sold Out
Summer	Cohort	May 14, 2025	Jun 29, 2025	N/A	$1999	$1499	Apply Now
Open	Asynchronous	Now	t+120 Days	N/A	$999	$999	Apply Now

Space is limited and will be filled by the first qualified applicants.

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