ARGUS Software

ARGUS Developer™ is an established real estate development pro forma software program in use by thousands of owners, commercial developers, home builders, land developers, brokers and financial institutions throughout the world. It is designed to work for all forms of real estate, including: commercial, single or multifamily residential, retail, office, industrial, land development and any combination for mixed-use developments.

ARGUS Developer is becoming the industry standard for real estate pro forma software, combining cutting-edge technology with a simple user interface to make any level of development analysis easy.

ARGUS Developer was designed for real estate pro formas and includes rent roll/tenancy schedule, unit sales and cost distribution capabilities. Our clients tell us they save 75% of the time it takes to do pro formas in spreadsheets.

Multi-Phased Project Interface: Get a clear view of your development project. With a full range of phase options including the ability to reorder the phases according to changes in your project, ARGUS Developer can handle any project of any scope using its individualized phase and timing features.
Sensitivity Analysis: Multiple scenarios can be created with various parameters and variables. Create a sensitivity analysis at any stage of the development project with changes in up to six simultaneous variables helping you to prepare and plan for any situation.
Structured Finance: Create an unlimited number of partnership and loan structures to calculate financing on individual phases or a group of phases as well as show the participation of these financing structures.
Waterfall Returns: Easily calculate preferred and waterfall returns including: IRR "look back", promote and residual percentage waterfalls.
Tax on Profit Distribution: Analyze after tax IRRs and returns on equity for each finance source with a straightforward percentage of tax on profits before and after tax.
Land Residual Calculations: Determine the correct land purchase price based on targeted returns.
Automatic Infrastructure Cost Allocation: Save time and headache by automatically allocating infrastructure costs to individual development phases.
User-Defined Project Templates: ARGUS Developer files can be saved as templates to facilitate rapid analysis of similar opportunities in the future.

Reduces errors inherent to spreadsheets: As one developer put it, "While I take pride in the Excel models I have created; I realize it is not the most effective way to work." Most companies develop proprietary spreadsheets that they reuse from one project to the next. Since each project is unique, they often spend a lot of time debugging or retrofitting the spreadsheets to a project. ARGUS Developer not only frees our clients from spreadsheets, but also eliminates carry-over errors from previous projects. According to a development professional, these products provide development companies with a common language or common parameters for discussing, evaluating and thinking about a deal.
Saves time, money and jobs: Rather than spending time checking the calculations behind the results, the development professional can focus on creating the right assumptions and inputs. Poor analysis can cost companies money and as one professional added, "mistakes cause people to lose their jobs." Our clients tell us they save 75% of the time it takes to do pro formas in spreadsheets. For example, ARGUS Developer automatically prepares timed cash flows based on centrally controlled project timing. Changing the construction duration from seven to eight months takes seconds and costs are automatically redistributed in the cash flow.
Increased Flexibility and Details: ARGUS Developer can handle any project of any size and complexity with unlimited numbers of partners. ARGUS Developer is used to analyze real estate development opportunities, structure deals and expose project risk on a very detailed level, and will help strengthen the financial picture of your project. Reports can be generated in a variety of outputs including paper, PDF and Excel. Changing the construction duration from seven to eight months takes seconds and costs are automatically redistributed in the cash flow.
Consistency: ARGUS Developer presents projects in a consistent entry grid and cash flow format. Results are consistently calculated to allow proper benchmarking of projects and significantly reduce the errors common to using spreadsheets.