Argus Software, a Houston-based real estate valuations software provider, has launched its new platform Argus Enterprise. Argus serves more than 8,000 commercial real estate entities including owners, managers, financial institutions, brokerages and REITs.
Argus Enterprise includes real-time financial calculations, online and offline cash flow modeling and reporting in its valuation programs. The company also provides portfolio sensitivity analysis and dashboards for financial institutions and commercial real estate firms.
“We focused our development efforts on improving Argus Enterprise’s ease of use, compliance with industry and regulatory standards and global relevance,” says Robert Rieger, senior vice president of product management for Argus.
The newly launched Enterprise is an integration of previous Argus software tools. It allows Argus users to centralize their property files more easily into a common database. It also allows users to combine files from its predecessors — Argus Valuation and Argus Asset Management — through a common calculation engine.
The company spent more than seven years developing the market data, business case and technology for Argus Enterprise.
“We received input from numerous clients to develop a tool that will enable commercial real estate organizations to better know their portfolios and manage their risks,” adds Mark Kingston, president and chief executive officer of Argus.
Argus Enterprise aims to understand the local requirements such as differing lease structures of any locality or varying valuation methodologies of specific countries, while still providing a broad view into performance indicators of a global portfolio.
The Buzz Oates Group of Cos. has selected the new program as its asset management platform. It has origins from industry standard valuation solutions in use by more than 90,000 commercial real estate practitioners worldwide.
Deals with RCA and IPD
Argus recently inked deals with Real Capital Analytics (RCA) and IPD, a global information business, to extend its platform reach. Argus will provide access to key RCA market pricing statistics within the Argus Software suite.
Argus is working with IPD to create a data submission platform that allows Argus users to extract information from Argus solutions, which will be directly submitted to IPD. In return, Argus users will have direct access to IPD data within Argus’ analysis and asset management solutions.
“Our partnerships with RCA and IPD are aimed at achieving the convergence of real market data with our solutions,” says Kingston.