Transcription
Introductory Training in ARGUS INSTRUCTORS:JUSTIN LANDRY – STIRLING PROPERTIESMIKE VERMA – ARGUS SOFTWARE 2015
mobile.icsc.org 2015
WHY DOES STIRLING PROPERTIES USEARGUS VALUATION DCF AND ARGUSENTERPRISE? Forecasting cash flowsBudgetingValuing properties for our investors and for acquisitionsDealing with lendersSetting an expectation of value with appraisersNegotiating leases 2015
BAYOU GOULA SHOPPING CENTER GLA – 100,000 sfMarshalls/Homegoods – 45,000 sfNordstrom Rack – 25,000 sfTrader Joe – 12,500 sfPetSmart – 11,500 sfVersona – 6,000 sf 2015
BAYOU GOULA SHOPPING CENTER Marshalls/Homegoods – Base Rent Yrs 1-5 12.75 sf, Yrs 6-10 13.25 sf Nordtrom Rack – Base Rent Yrs 1-5 18.25 sf,Yrs 6-10 18.75 sf Trader Joe – Base Rent Yrs 1-5 22.00 sf, Yrs6-10 23.00 sf 2015
BAYOU GOULA SHOPPING CENTER PetSmart – Base Rent Yrs 1-5 21.50 sf, Yrs 610 22.50 sf Versona – Base Rent Yrs 1-7 24.00 2015
BAYOU GOULA SHOPPING CENTER All tenants reimburse their pro-rate share ofCAM, Taxes, and Insurance PetSmart and Versona pay 15% Admin. Fee onCAM CAM Expense 2.00 sf x GLA Property Taxes 1.50 sf x GLA 2015
BAYOU GOULA SHOPPING CENTER Insurance 0.60 sf x GLA Nonreimbursable expenses 0.10 sf x GLA Structural Repair & Maintenance 0.20 sf xGLA Vacancy Loss 7% of Gross Potential Revenue w/Marshalls/Homegoods and Nordstrom excluded 2015
BAYOU GOULA SHOPPING CENTER General Inflation Rate 2.50% 2015
BAYOU GOULA SHOPPING CENTERNEW MARKETRENEWAL MARKETN/A90% 13.00 SF 13.00 SF120Tenant Improvements 15.00 sf 0 sfLeasing Commissions 4.00 sf 2.00 sfNetNet5 years5 yearsMARSHALLS MLARenewal ProbabilityMarket RentMonths VacantReimbursementsTerm Lengths 2015
BAYOU GOULA SHOPPING CENTERNEW MARKETRENEWAL MARKETN/A90% 16.00 sf 18.50 sf100Tenant Improvements 20.00 sf 0 sfLeasing Commissions 5.00 sf 2.50 sfNetNet5 years5 yearsNORDSTROM MLARenewal ProbabilityMarket RentMonths VacantReimbursementsTerm Lengths 2015
BAYOU GOULA SHOPPING CENTERNEW MARKETRENEWAL MARKETN/A80% 22.50 sf 20.00 sf80Tenant Improvements 25.00 sf 0 sfLeasing Commissions6%3%ReimbursementsNetNet5 Years5 YearsTJ/PETSMART MLARenewal ProbabilityMarket RentMonths VacantTerm Lengths 2015
BAYOU GOULA SHOPPING CENTERVERSONA MLANEW MARKETRENEWAL MARKETRenewal ProbabilityN/A75% 27.00 sf 24.50 sf60Tenant Improvements 25.00 sf 0 sfLeasing Commissions6%3%Net w/15% CAM AdminNet w/15% CAM Admin5 Years5 YearsMarket RentMonths VacantReimbursementsTerm Lengths 2015
Justin C. LandryAsset/Finance ManagerCelebrating 40 Years!Stirling Properties225 922 4340jclandry@stirlingprop.comwww.stirlingprop.com 2015
ARGUS EnterpriseStrategic property analysis & portfolio management solution enabling asset, portfolio andinvestment managers to quickly evaluate complex information and create critical insights into realestate investments.Data IntegrationARGUS Enterprise Core FunctionalityPropertyBudgetValuationCash ntStructuresBusiness AppToolkitBudgeting,Forecasting andPerformanceManagementCash Flow Projections,Valuations andInvestment AnalysisPortfolio and AssetReportingPortfolio ScenarioAnalysis and AnalyticsDashboardsFund and InvestmentForecasting, InvestmentScenarios, Distributionsand Waterfall AnalysisCustom BusinessProcess Forms andReporting 2015
ormanceValuationInvestmentPerformanceRisks &OpportunitiesReal Estate Analytics Risk AnalyticsVoyanta Data HubARGUS EnterprisePropertyManagers/ Owners(Tax, Cost)AccountingSystems(Yardi, MRI,Kardan, JDEdwards, etc.)Appraisals(RVA)Indices(NCREIF, INREV,AREF, ANREV)3rd PartyMarketDataSources(RCA, Trepp, 2015REIS, etc.)
COMPLETE YOUR SHOW EXPERIENCEMORE THAN 30 SESSIONS CAPTURED LIVE DURING RECON! Recording Package 150 usdExtend Your Own EducationShare Sessions with ColleaguesCompatible with Mobile Devicesicsc.sclivelearningcenter.com 2015
Course EvaluationPlease Complete Your Evaluation Now.1. Take Out Your Smartphone or Tablet2. Go to survey.icsc.org/2015RECON3. Select this course:Introductory Training in ARGUS 2015
MIKE VERMA –ARGUS SOFTWARE 2015 mobile.icsc .org 2015 . Trader Joe –Base Rent Yrs1-5 22.00 sf, Yrs 6-10 23.00 sf . BAYOU GOULA SHOPPING CENTER All tenants reimburse their pro-rate share of CAM, Taxes, and Insurance PetSmart and Versonapay 15% Admin. Fee o
