Table Of ContentProduct User Manual ARGUS Enterprise 11.6.0
Product User Manual
ARGUS Enterprise 11.6.0
4/10/2017
ARGUS Software – An Altus Group Company
Product User Manual ARGUS Enterprise 11.6.0
Product User Manual
ARGUS Enterprise 11.6.0
4/10/2017
Published by:
ARGUS Software, Inc.
750 Town and Country Blvd
Suite 800
Houston, TX 77024
Telephone (713) 621-4343
Facsimile (713) 621-2787
www.argussoftware.com
Information in this document is subject to change without notice and represents no commitment on the part of
ARGUS Software, Inc.
This document is copyright 2017, ARGUS Software, Inc. All rights reserved. This document is confidential and
proprietary information of ARGUS Software, made available only under a license agreement and or other
agreements containing obligations of confidentiality.
"ARGUS" and “ARGUS Enterprise” are trademarks of ARGUS Software, Inc. All other trademarks and registered
trademarks are property of their respective companies.
Product User Manual ARGUS Enterprise 11.6.0
Contents
ARGUS Enterprise: Welcome ......................................................................................................................................... 2
Legal Notice ............................................................................................................................................................... 3
System Requirements .................................................................................................................................................... 4
Questions about ARGUS Enterprise? ............................................................................................................................. 5
How to get help ......................................................................................................................................................... 5
On Screen Help .......................................................................................................................................................... 5
ARGUS Technical Support ......................................................................................................................................... 5
Hours of Operation ................................................................................................................................................... 5
ARGUS Training ......................................................................................................................................................... 6
Getting Started: View, Edit and Navigate ...................................................................................................................... 7
Access ........................................................................................................................................................................ 7
Modules ................................................................................................................................................................ 7
Context Sensitive Help .............................................................................................................................................. 7
Help Menu - Search Tips ....................................................................................................................................... 7
Customer Feedback ................................................................................................................................................... 8
Dynamic Ribbon(s) .................................................................................................................................................... 8
Expand/Minimize Ribbons .................................................................................................................................... 8
Home Ribbon ........................................................................................................................................................ 9
View Ribbon .......................................................................................................................................................... 9
Audit Ribbon ......................................................................................................................................................... 9
Report Ribbon ..................................................................................................................................................... 10
Shortcut Keys ............................................................................................................................................................... 11
Revealing Shortcuts ................................................................................................................................................. 11
Properties Grid ........................................................................................................................................................ 11
Property Editor ........................................................................................................................................................ 12
Ribbons and Grids ............................................................................................................................................... 12
Report Tabs ......................................................................................................................................................... 13
Input Tabs ........................................................................................................................................................... 13
Investment Structures ............................................................................................................................................. 14
Ribbon ................................................................................................................................................................. 14
Product User Manual ARGUS Enterprise 11.6.0
Input Grids .......................................................................................................................................................... 14
Quick Start Keyboard Commands ................................................................................................................................ 15
Clipboard ................................................................................................................................................................. 15
Data ......................................................................................................................................................................... 15
General .................................................................................................................................................................... 15
Printing/Exporting Reports .......................................................................................................................................... 16
Print Preview Window ............................................................................................................................................. 16
Valuation-Cashflow ...................................................................................................................................................... 17
Property Description.................................................................................................................................................... 17
Purpose ................................................................................................................................................................... 17
General Information ........................................................................................................................................... 17
Analysis ............................................................................................................................................................... 18
Timing ................................................................................................................................................................. 19
Currency and Measurement ............................................................................................................................... 19
Property Location ........................................................................................................................................................ 21
Purpose ................................................................................................................................................................... 21
Address ............................................................................................................................................................... 21
Additional Property Information ................................................................................................................................. 22
Purpose ................................................................................................................................................................... 22
Additional Property Information ........................................................................................................................ 22
Comments ........................................................................................................................................................... 22
Area Measures ............................................................................................................................................................. 23
Purpose ................................................................................................................................................................... 23
General................................................................................................................................................................ 23
Rentable Area ..................................................................................................................................................... 23
Occupied Area ..................................................................................................................................................... 24
Area Measure (Details)............................................................................................................................................ 24
Name ................................................................................................................................................................... 24
Rentable Area ..................................................................................................................................................... 24
Occupied Area ..................................................................................................................................................... 25
Charts of Accounts ....................................................................................................................................................... 26
Purpose ................................................................................................................................................................... 26
Parameters .......................................................................................................................................................... 26
Product User Manual ARGUS Enterprise 11.6.0
Functions ............................................................................................................................................................. 26
Chart of Accounts Structure .................................................................................................................................... 26
Open Chart of Accounts ...................................................................................................................................... 26
Create New Chart of Accounts ............................................................................................................................ 27
Import Chart of Accounts .................................................................................................................................... 28
Add Account ........................................................................................................................................................ 31
Delete Accounts from a Chart of Accounts ......................................................................................................... 32
Map Accounts to Reports ................................................................................................................................... 32
Exporting Charts of Accounts .............................................................................................................................. 32
Check In/Out Chart ............................................................................................................................................. 33
Linking a Chart of Accounts to a Portfolio .......................................................................................................... 33
Budgeting and Actuals ................................................................................................................................................. 34
Purpose ................................................................................................................................................................... 34
Occupancy Rates ................................................................................................................................................. 34
Highlight Rows/Cells ........................................................................................................................................... 34
Actuals ..................................................................................................................................................................... 34
Budget ..................................................................................................................................................................... 36
Current Budget / Reforecasting .......................................................................................................................... 37
Budget View ............................................................................................................................................................ 37
Budget Tools ............................................................................................................................................................ 37
Top Grid .............................................................................................................................................................. 38
Timeframe ........................................................................................................................................................... 38
Entry Functions ................................................................................................................................................... 38
Budget Grid ............................................................................................................................................................. 39
Details View ............................................................................................................................................................. 40
Classifications .............................................................................................................................................................. 42
Purpose ................................................................................................................................................................... 42
Market Inflation ........................................................................................................................................................... 43
Purpose ................................................................................................................................................................... 43
Inflation Indices ........................................................................................................................................................... 45
Purpose ................................................................................................................................................................... 45
General Vacancy .......................................................................................................................................................... 47
Purpose ................................................................................................................................................................... 47
Product User Manual ARGUS Enterprise 11.6.0
Tenants to override ............................................................................................................................................. 49
Credit Loss ................................................................................................................................................................... 51
Purpose ................................................................................................................................................................... 51
Tenants to Override Grid .................................................................................................................................... 51
Market Leasing Profiles ............................................................................................................................................... 53
Purpose ................................................................................................................................................................... 53
Rules ........................................................................................................................................................................ 53
Importing Market Leasing Profiles .......................................................................................................................... 53
Importing from Valuation DCF ............................................................................................................................ 53
Creating a Market Leasing Profile ........................................................................................................................... 54
Name ................................................................................................................................................................... 54
General................................................................................................................................................................ 54
Base Rent (/Area) ................................................................................................................................................ 55
Intelligent Renewals ............................................................................................................................................ 56
Rent Increases ..................................................................................................................................................... 57
Rental Value ........................................................................................................................................................ 59
Free Rent (Mo) .................................................................................................................................................... 59
Recoveries ........................................................................................................................................................... 60
Miscellaneous Items ........................................................................................................................................... 61
Improvements ..................................................................................................................................................... 61
Leasing Commissions .......................................................................................................................................... 63
Security Deposit .................................................................................................................................................. 64
Upon Expiration .................................................................................................................................................. 65
Free Rent Profiles ........................................................................................................................................................ 65
Purpose ................................................................................................................................................................... 65
General................................................................................................................................................................ 65
# Free Months ..................................................................................................................................................... 65
Elements to Include ............................................................................................................................................ 66
CPI Increases ................................................................................................................................................................ 67
Purpose ................................................................................................................................................................... 67
CPI ....................................................................................................................................................................... 67
First Increase ....................................................................................................................................................... 68
Further Increases ................................................................................................................................................ 69
Product User Manual ARGUS Enterprise 11.6.0
CPI Amount ......................................................................................................................................................... 69
Tenant Improvements ................................................................................................................................................. 70
Purpose ................................................................................................................................................................... 70
General................................................................................................................................................................ 70
Improvements ..................................................................................................................................................... 70
Lease Commission Categories ..................................................................................................................................... 72
Purpose ................................................................................................................................................................... 72
General................................................................................................................................................................ 72
Commissions ....................................................................................................................................................... 72
Elements to Include ............................................................................................................................................ 74
Multifamily Market Leasing Profiles ............................................................................................................................ 75
Name ................................................................................................................................................................... 75
General................................................................................................................................................................ 75
Market Rent ........................................................................................................................................................ 75
Intelligent Renewals ............................................................................................................................................ 77
Improvements ..................................................................................................................................................... 77
Commissions ....................................................................................................................................................... 78
Security Deposit .................................................................................................................................................. 78
Market Rent Components ........................................................................................................................................... 80
Purpose ................................................................................................................................................................... 80
General................................................................................................................................................................ 80
Elements to Include ............................................................................................................................................ 80
Ranges ......................................................................................................................................................................... 81
Purpose ................................................................................................................................................................... 81
Rental Value Groups .................................................................................................................................................... 82
Purpose ................................................................................................................................................................... 82
Name ................................................................................................................................................................... 82
Rental Value ........................................................................................................................................................ 82
Miscellaneous Revenues ............................................................................................................................................. 83
Purpose ................................................................................................................................................................... 83
General ............................................................................................................................................................... 84
Amount ............................................................................................................................................................... 84
Timing ................................................................................................................................................................. 87
Product User Manual ARGUS Enterprise 11.6.0
Inflation .............................................................................................................................................................. 89
GAAP ................................................................................................................................................................... 89
Limits .................................................................................................................................................................. 89
Usage .................................................................................................................................................................. 90
Capitalization Valuation ..................................................................................................................................... 90
Notes................................................................................................................................................................... 91
Parking Revenues ........................................................................................................................................................ 92
Purpose ................................................................................................................................................................... 92
General................................................................................................................................................................ 92
Amount ............................................................................................................................................................... 92
Timing ................................................................................................................................................................. 95
Inflation ............................................................................................................................................................... 96
Limits ................................................................................................................................................................... 96
Usage .................................................................................................................................................................. 97
Capitalization Valuation ...................................................................................................................................... 97
Notes ................................................................................................................................................................... 98
Storage Revenues ........................................................................................................................................................ 99
Purpose ................................................................................................................................................................... 99
General................................................................................................................................................................ 99
Amount ............................................................................................................................................................. 100
Timing ............................................................................................................................................................... 101
Inflation ............................................................................................................................................................. 102
Limits ................................................................................................................................................................. 103
Usage ................................................................................................................................................................ 104
Capitalization Valuation .................................................................................................................................... 104
Notes ................................................................................................................................................................. 105
Hotel Rooms .............................................................................................................................................................. 106
Purpose ................................................................................................................................................................. 106
Hotels: Departmental Revenues ................................................................................................................................ 107
Purpose ................................................................................................................................................................. 107
General.............................................................................................................................................................. 107
Amount ............................................................................................................................................................. 107
Timing ............................................................................................................................................................... 109
Product User Manual ARGUS Enterprise 11.6.0
Inflation ............................................................................................................................................................. 110
Limits ................................................................................................................................................................. 110
Usage ................................................................................................................................................................ 111
Notes ................................................................................................................................................................. 111
Groups............................................................................................................................................................... 111
Hotels: Parking Revenues .......................................................................................................................................... 112
Revenue................................................................................................................................................................. 112
General.............................................................................................................................................................. 112
Amount ............................................................................................................................................................. 112
Timing ............................................................................................................................................................... 114
Inflation ............................................................................................................................................................. 116
Limits ................................................................................................................................................................. 116
Usage ................................................................................................................................................................ 117
Notes ................................................................................................................................................................. 117
Groups............................................................................................................................................................... 118
Operating Expenses ................................................................................................................................................... 119
Purpose ................................................................................................................................................................. 119
General.............................................................................................................................................................. 119
Amount ............................................................................................................................................................. 119
Apply to Tenants ............................................................................................................................................... 123
Timing ............................................................................................................................................................... 123
Inflation ............................................................................................................................................................. 126
Limits ................................................................................................................................................................. 126
Usage ................................................................................................................................................................ 127
Capitalization Valuation .................................................................................................................................... 127
Notes ................................................................................................................................................................. 127
Groups (Hotels) ................................................................................................................................................. 127
Non-Operating Expenses ........................................................................................................................................... 128
Purpose ................................................................................................................................................................. 128
General.............................................................................................................................................................. 128
Amount ............................................................................................................................................................. 129
Timing ............................................................................................................................................................... 131
Inflation ............................................................................................................................................................. 132
Product User Manual ARGUS Enterprise 11.6.0
Limits ................................................................................................................................................................. 133
Usage ................................................................................................................................................................ 133
Notes ................................................................................................................................................................. 134
Groups (Hotels) ................................................................................................................................................. 134
Capital Expenses ........................................................................................................................................................ 135
Purpose ................................................................................................................................................................. 135
General.............................................................................................................................................................. 135
Amount ............................................................................................................................................................. 135
Apply to Tenants ............................................................................................................................................... 138
Traditional Valuation ........................................................................................................................................ 138
Timing ............................................................................................................................................................... 138
Inflation ............................................................................................................................................................. 141
Amortization ..................................................................................................................................................... 141
Limits ................................................................................................................................................................. 142
Usage ................................................................................................................................................................ 142
Capitalization Valuation .................................................................................................................................... 143
Notes ................................................................................................................................................................. 143
Groups............................................................................................................................................................... 143
Expense Groups ......................................................................................................................................................... 144
Purpose ................................................................................................................................................................. 144
Excluded Expenses (Unlabeled) ........................................................................................................................ 145
Included Expenses (Unlabeled) ......................................................................................................................... 145
Hide Detail ........................................................................................................................................................ 146
Hotels: Operating Expenses ....................................................................................................................................... 147
Purpose ................................................................................................................................................................. 147
General.............................................................................................................................................................. 147
Amount ............................................................................................................................................................. 147
Timing ............................................................................................................................................................... 149
Inflation ............................................................................................................................................................. 149
Limits ................................................................................................................................................................. 149
Usage ................................................................................................................................................................ 150
Groups............................................................................................................................................................... 150
Hotels: Non-Operating Expenses ............................................................................................................................... 151
Description:Product User Manual ARGUS Software – An Altus Group Company proprietary information of ARGUS Software, made available only under a