Private Training

1 Day Standard Valuation Capitalisation Training

Public Class: £300 / €370 per head
Private Class: £1200 up to 6 delegates

Agenda:

Morning Session

• Command Centre
• Creating a Portfolio
• Creating a Tenant
• Retail Tenant Example - ITZA
• Cost Schedule (Property Costs)
• Traditional Valuation
  • Graph
  • Equivalent Yield
• Discounted Cash Flow
• ERV Growth
• Exit Value
• Reports
• Case Study

Afternoon Session

• Lease Breaks
• Cost Schedule (Break Penalty)
• Inflation Groups
• Indexation Groups
  • Applying Indexation to Tenants
  • Rent Schedule with Indexation
• Valuation - Froth Over Rent
• Create Leasehold Property
  • Ground Lease
  • Geared Terms
• Copy Tenant
• Goal Seek
• Portfolios
  • Valuation
  • Cashflow
• Case Study

1 Day Advanced Valuation Capitalisation Training

Private Class: £1200 up to 6 delegates

Agenda:

• Lease modelling and Valuation:
  • Holding over, froth options, outstanding reviews, void scenarios, indexed leases, inflation groups, specifying anniversary dates, hurdle rates, minimum uplifts and turnover leases.
• Costs Modelling:
  • Portfolio fees, property and tenant level capital costs and receipts; revenue cost triggers, cost timing options and its implications in the cash flow and traditional valuation.
• Discounted Cash Flow and Finance:
  • Review of the detailed cash flow options and assumptions
  • DCF sensitivity analysis, impact of varying growth and exit yield assumptions on return
  • Examining all the different finance options, interest only loan, mortgage (interest and capital), equity investor and auto regulating loan.
• Analysis:
  • Category analysis, a graphical analysis of your portfolio weighting by category
  • Tenant by tenant analysis including weighted average lease expiries and exposure to particular tenants or sectors
  • Performance and projections analysis, total return and capital growth and other KPI's.

Advanced/Bespoke Training Course

Private Class: £750 up to 6 delegates

The Advanced course should be undertaken after the standard course. It will benefit users who need to create more complex portfolios and assets and/or have a need to provide this information to clients or internally. Any user involved in indexation/inflation or risk analysis or working in continental Europe would benefit from attending an advanced course. The advanced course can include any topic that best suits the needs of any organization. A few recommended topics and agendas are included below.

1 Day Standard Developer Training

Morning Session

10:00 - 13:00

• Introduction to ARGUS Developer
• File creation and system configuration
• Timescale and phasing
• Creation of multiple phases and explanation of various development stages
• Unit sales options/residential development
• Entry of development costs (i.e. land cost, hard costs, soft costs)
• Analysis of cash flow and Summary Reports
• Capitalised rent section (entry of market rent, lease terms and rental growth)
• Entry of general construction costs
• Office/retail development
• Entry of tenants, rent, step rent, tenant improvements, leasing commissions and turnover rent and ITZA areas
• Operated assets development
• Entry of operating revenues and expenses
• Analysis of multi-phased cash flow and summary reports
• Optional Case Study

Afternoon Session

14:00 - 17:00

• Structured Finance section (financing for entire project)
• Entry of sources, interest rates and loan details
• Entry of equity contributions, various financing, repayments and profit distributions
• Performance measure and finance cash flow reports
• Sensitivity analysis (running sensitivity with scenarios)
• Sensitivity with residual target mode
• Analysis of advanced reports and reporting tools
• Optional Case Study

Developer Bespoke Training

Get started with your ARGUS Developer analysis with an ARGUS instructor! Each training engagement is developed specifically to meet the needs of the client and may include modeling data in Developer, best practice guidelines, or specific questions you have on an ARGUS Development model you are working on.

2 Day Standard DCF Training

Day 1

• Introduction to ARGUS Valuation - DCF
• Entry of revenues, expenses, and costs
• Rent roll & market leasing assumptions
• Yield menu (purchase price, resale, and present value) analysis
• Property level reports
• Single tenant case study
• Rent escalation and turnover rent
• Space absorption
• Tenant groups
• General vacancy
• Debt financing
• Additional reports and auditing
• Multi-tenant case study

Day 2

• CPI index
• Additional rental increases (i.e. step, CPI, misc. and parking rent)
• Rent escalation in market leasing assumption
• Rent abatements
• Leasing commissions with payment option
• Portfolio analysis
• Advanced case study

1 Day DCF Advanced Training

Advanced Agenda:

• Country Settings
• Templates
• Sub-lines
• Turnover Rent
• Advanced Yield Menu
• Advanced Debt
• Partner Contributions & Waterfall Distributions
• Case Studies

Standard Course - 2 Days

• Creating scenarios and properties
• Entering revenues and expenses
• Modelling rent roll and market data
• Understanding investment and valuation analysis
• View property level reports
• Enter detailed leasing information
• Model space absorption scenario
• Create tenant groups
• Setup general vacancy allowance
• Enter debt financing structures
• Practice case studies
• Sensitivity
• Repertoire
• Budgeting

Standard Course - 2 Days

• Using file menu
• Creating property from scratch
• Property setup
• Entering information into reference tables for use in analysis
• Modelling receipts
• Modelling disbursements
• Modelling tenants
• View reports
• Advanced tenant input
• Detailed recoveries
• Modelling miscellaneous items
• Residual sale
• Portfolio analysis

Standard Course - 3 Hours

• Brief overview of ARGUS Development Budget
• Creating portfolios, projects and worksheets
• Entering a budget
• Updating project data with actuals and revising forecasts
• Working with worksheets – spreading variance, contingency, views, adding comments
• Exports, graphs and reporting
• Cost code analysis - filtering and sorting data
• Categories

Supervisor Course - 3 Hours

• Brief overview of ARGUS Development Budget system structure
• Creating portfolios, projects and worksheets
• Setting up system data such as company details and currencies
• Using the view editor and creating view sets
• User logins, user groups and security rights
• Cost code formats, creating cost code sets and mappings
• Importing budget and actual data
• User-defined fields and custom categories