Release Notes - ARGUS Softwaredownloads.argussoftware.com/ae/AE 11.0/11.0.6/ARGUS Enterprise...

Release Notes ARGUS Enterprise 11.0.6 Published: 10/18/2016 Updated: 10/18/2016 ARGUS Software – An Altus Group Company

ARGUS Enterprise

1 © 2016 ARGUS Software, Inc.

Release Notes ARGUS Enterprise 11.0.6 10/18/2016 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 these release notes is subject to change without notice and represents no commitment on the part of ARGUS Software. These release notes are copyright © 2016, ARGUS Software. All rights reserved. These release notes are confidential and proprietary information of ARGUS Software and its licensors, made available only under a license containing obligations of confidentiality. Information in these release notes is subject to change without notice. "ARGUS" and “ARGUS Developer” are trademarks of ARGUS Software, Inc. Microsoft, SQL Server, Windows Server, Excel, Windows and Windows Vista are trademarks of Microsoft Corporation in the United States and/or other countries. All other trademarks and registered trademarks are property of their respective companies.

ARGUS Enterprise


Table of Contents Introduction .................................................................................................................................................. 3

Purpose ..................................................................................................................................................... 3 In Place Updates ....................................................................................................................................... 3 Database Upgrades in AE 10.5 and Later Versions ................................................................................... 3 Minimum System Requirements .............................................................................................................. 3 Enterprise Scale Requirements ................................................................................................................. 4

AE Compatibility with Prior Releases ............................................................................................................ 5 Enhancements .............................................................................................................................................. 6 Known Issues and Workarounds ................................................................................................................. 16 Fixed Issues ................................................................................................................................................. 22

ARGUS Enterprise


Introduction Purpose

The purpose of this document is to communicate enhancements, modifications, known issues and suggested workarounds associated with these known issues for the release of ARGUS Enterprise 11.0.5.

In Place Updates

For AE 11.0 and subsequent versions you can install major or minor releases over previous installs without first checking in the key and uninstalling. For example, you can install 11.0.6 without first uninstalling or checking in the key for 11.0.5, 11.0.4, 11.0.3, 11.0.2, 11.0.1 or 11.0.0. However, you cannot use In Place Updates for upgrading to 11.0.6 from major or minor releases prior to 11.0.0 such as 10.x.x.

Database Upgrades in AE 10.5 and Later Versions

The upgrade of a database to AE version 10.5 and subsequent versions from a pre-10.5 database will require a significantly longer time to accomplish than previous versions due to some underlying technical changes. Please expect upgrade times that may last up to several hours for very large databases. Ensure that you have a current backup before proceeding with an upgrade. Please refer to the appropriate Installation Guide for information about upgrading the database.

Minimum System Requirements

The following represents the minimal supported system requirements for the use of ARGUS Enterprise 11.0.6:

AE Workstation & Client

Component Required Computer and Processor 2 gigahertz (GHz) processor or higher. Memory 4 gigabyte (GB) RAM or higher.

Hard Disk 2 GB; a portion of this disk space may be freed up post-installation by removing the original download package.

Display 1024x768 or higher resolution.

Operating System Microsoft Windows 7 (32-bit or 64-bit), Microsoft Windows 8 (32bit or 64bit); Microsoft Windows 10 (32bit or 64bit).

Other Installation of the .NET framework 4.0 is a pre-requisite for use with the Enterprise platform. These minimum guidelines are subject to modification based on unique system specifications.

Additional

Export to PDF requires an accompanying reader such as Adobe Acrobat Reader. Some functions, such as Export to Excel, require Microsoft Excel 2010 or 2013. ARGUS Add-In for Excel requires Excel 2010 or higher. Files exported to the .sf format require ARGUS Valuation ValDCF to open/modify. AE does not support the web version (Office 365) for Excel4ADW.

ARGUS Enterprise


Enterprise Scale Requirements

The system requirements vary depending on the size of deployment. A set of Planning and Implementation documents has been prepared to outline requirements for a range of different sized organizations. Please review these documents on the ARGUS Enterprise Support Download site or contact ARGUS Customer Support for assistance. An overview of these appears below.

Small Deployment The small-scale design is a good selection for production environments with less than 10 users or when creating pilot or test environments for medium scale implementations. It is a sensible solution for small work groups that need the security and integration capabilities of the full enterprise solution, as opposed to the smaller workstation solutions, but without the complexity and setup times of the medium scale design.

Medium Deployment The medium-scale design is a good selection for production environments with fewer than thirty users or when creating pilot or test environments for larger scale implementations. A nice compromise to the lower performance of a small-scale design and the higher cost of a large-scale deployment, the medium-scale design offers a reasonably fast startup time with options to provide some basic benefits in fault tolerance and capacity management. Consider the large-scale implementation if you anticipate more than 500 property models to be contained within any one portfolio.

Large Deployment The large-scale design is a good selection to establish a production environment in an organization with large user counts and/or more than ten portfolios comprising more than 500 properties. Unless service uptime is a critical priority, the large-scale design is usually excessive for a pilot or test environment.

Workstation Deployment The workstation application is a standalone installation of ARGUS Enterprise that does not require any server components to operate. All processing is performed on the PC, and the workstation application can connect directly to a local SQL Express database or a shared, centralized database.

http://www.argussoftware.com/argus-enterprise-downloads/

ARGUS Enterprise


AE Compatibility with Prior Releases

Compatibility Description

Forwards from Prior Versions

You can import models into AE that were created in prior major or minor releases. For example, you can import 10.0, 10.1, 10.5 and 10.6 models into AE 11.0 systems.

Among Service Packs

Models created within a particular release of AE are freely interchangeable among the service packs produced for that release. For example, you can import 11.0.6 models into 11.0.1 systems. However, this is not possible for releases prior to AE 11.0. For example, you cannot export models from AE 11.0.6 to AE 10.6 systems.

Export to Valuation DCF

AE 11.0.6 can also export property models to ARGUS Valuation DCF 15. There is a popup during export advising you that there can be significant differences in the models after export.

ARGUS Enterprise


Enhancements

Release Area Description

11.0.2

Administrator Service Pack Installations - In Place Updates: AE administrators now can:

• Install the 11.0.2 service pack update without first uninstalling 11.0.0 or 11.0.1 or checking in the AE license key.

• Create batch update scripts to remotely deploy and update the AE client for multiple users without first uninstalling 11.0.0 or 11.0.1.

Note: This feature cannot be used to upgrade to 11.0.2 from major or minor releases prior to 11.0.0, including 10.6. Going forward, our goal is to support In Place Updates.

11.0.0 Valuation Cash Flow Batch Synchronize Global Categories: ValCash users now can update a range of global categories for a collection of properties rather than having to edit the properties individually. Only authorized users can use this function.

11.0.0 Valuation Cash Flow Browser Access: System Administrators now can disable or limit browser access to their secure systems:

• Switch off url/attachment functionality as the default. • Approve/restrict URLs via the Web Form Integration

tab.

11.0.0 Valuation Cash Flow CPI on Current Rent: ValCash users now can calculate twelve months of CPI using the rent in the period of the CPI increase. This includes any base rent changes and step rent. Full Year CPI for Partial Year Lease: ValCash users now can calculate a full year of CPI for partial year leases when the CPI timing is Calendar Year. CPI Index Value Override – Months Offset: ValCash users now can offset the CPI inflation index used at the point of increase by specifying a number of months. This allows the user to tie a lease’s CPI increase to a previously published index rather than to the index at the lease start date. CPI Increase by Specific Number of Base Points or Percentage: ValCash users now can specify a percentage or number of points to trigger the first increase and have that increase be that exact percentage or point number regardless of the actual index value. When this option is selected, the same applies to Further Increases.

ARGUS Enterprise



11.0.0 Valuation Cash Flow DCF Resale Method – Leasehold Interests: ValCash users now can apply a property resale method which takes into account the remaining term of the leasehold interest to determine the true value of the asset.

11.0.0 Valuation Cash Flow Debt Financing: ValCash users now can model amortized loans using the following methods:

• Amortize a loan with an interest only period. • Select Percentage Drawn and/or Percentage

Outstanding options. • Set the number of periods for the loan payment

schedule and pay loans less frequently than monthly. • Calculate interest on a semi-annual basis. • Model multiple loan fees.

11.0.0 Valuation Cash Flow

Enhanced Traditional Valuation Reports: ValCash users now can:

• View Traditional Valuation property reports with better performance and in the same format as the other property reports.

• Copy/Paste from DevExpress reports instead of SSRS reports.

11.0.0 Valuation Cash Flow Input Assumptions Report: ValCash users now can: • Access the Input Assumptions Report under the Audit

Report tab. • Include the report in report packages.

11.0.0 Valuation Cash Flow Memo Tenants: ValCash users now can select certain tenants as Memo items to be ignored in calculations. This feature allows users to quickly evaluate alternative leasing scenarios for vacant space or prospective leases.


Multiple Core Calculations: Workstation users now can decide how many background processes to run simultaneously in the queue.

• Set up a queue maintenance schedule. • Manage how often stale job requests are removed

from the queue. • Experience improved calculation performance when

running AE in a desktop environment with multiple cores.


Option CPI Rents: ValCash users now can model a lease option, contract renewal, or holdover such that the base lease CPI is the starting value for the CPI in the new lease.

ARGUS Enterprise



11.0.0 Valuation Cash Flow Option to Not Reduce General Vacancy by Absorption and Turnover: ValCash users now can elect not to reduce general vacancy by absorption and turnover. Users can choose to report traditional valuation results for some but not all of the properties in a scenario.


Property - Percentage Owned: ValCash users now can: • Specify the percentage ownership of a property. • View the percentage owned in the Property Cash Flow

and KPIs. • View the percentage owned in Valuation and Audit

reports. • View the percentage owned in Traditional Valuation

reports. • Export percentage owned to Excel4ADW. • Import/Export as ValCAP, AEIX, and AEEX files.

11.0.0 Valuation Cash Flow Property Debt - Max Loan Amount: ValCash users now can define the max loan amount, which can be used to restrict the total funding or to calculate loan fees based on undrawn funding.


Rent Review Fees: ValCash users now can model fees to occur whenever specified leases undergo a rent review.


Resale Deductions: ValCash users now can select particular Cash Flow items to be deducted from the capitalized resale value and specify the time period for which to capture these line items:

• Absorption and Turnover Vacancy • Free Rent • Tenant Improvements • Leasing Commissions • Capital Expenses

11.0.0 Valuation Cash Flow Stabilized Income Definition: ValCash users now can determine resale value by dividing a stabilized income value by a user defined static/variable exit cap rate.

11.0.0 Valuation Cash Flow Tenant Templates: ValCash users now can: • Set up tenant templates with standard details for

office, retail, etc. for each property template. • Select which tenant templates are automatically set up

when creating a property from a property template. • Select from additional tenant templates for the

property as required.

ARGUS Enterprise



11.0.0 Valuation Cash Flow TIs and LCs as Operating Expenses in Property Reports: ValCash users now can treat tenant improvements and leasing commissions as operating expenses in the property Cash Flow reports.

11.0.0 Valuation Cash Flow Traditional Valuation - Results on Scenario Subsets: ValCash users now can:

• Select a subset of properties that contain traditional valuation data within a scenario.

• Run a traditional valuation calculation on that subset. • View related portfolio reports.

11.0.0 Valuation Cash Flow Traditional Valuation Report Option – Report Type: ValCash users now can:

• Select Day 1 Valuations and Resale Valuations in the Global settings.

• View these valuations in Traditional Valuation reports.

11.0.0 Valuation Cash Flow Traditional Valuation Resale Audit Report: ValCash users now can view traditional valuation calculations at the default resale date to the same level of detail as at the valuation date, so that users can audit the results.

11.0.0 Valuation Cash Flow Traditional Valuation Scenarios: ValCash users now can perform a traditional valuation on a scenario when properties in that scenario are checked out and being edited.

11.0.0 Sensitivity Analysis Add Equivalent Yield option to Sensitivity: Sensitivity users now can adjust the equivalent yield in an assumption set or the Sensitivity Matrix.

11.0.0 Sensitivity Analysis Add Traditional Valuation KPIs: Sensitivity users can now calculate the following traditional valuation KPIs as well as present value KPIs for display on the Detailed Results and Matrix screens:

• Initial Yield • Equivalent Yield • True Equivalent Yield • Reversionary Yield • Gross Value • Net Value • Say Value • ERV

11.0.0 Sensitivity Analysis Adjusted/Original base for Matrix Results: Sensitivity users now can use either the original or the adjusted scenario as the base when applying an assumption set to the Sensitivity Matrix.

ARGUS Enterprise



11.0.0 Sensitivity Analysis Currency: Sensitivity users now can view the currency for the amounts.

11.0.0 Sensitivity Analysis Navigator: Sensitivity users now can more easily and quickly find the correct screen.

11.0.0 Sensitivity Analysis Print/Export: Sensitivity users now can print/export: • KPI detailed results • Matrix results

11.0.0 Sensitivity Analysis Remember Settings: Sensitivity users now can access the same setting changes to the visual display of the Sensitivity Analysis screens during subsequent sessions.

11.0.0 Sensitivity Analysis Re-order Sections: Sensitivity users now can enjoy more convenient access to the most commonly used field sections while still being able to customize their order.

11.0.0 Repertoire Reports Property Groups: Portfolio users now can run Repertoire Reports against user defined property groups and can further refine the property selection at run time for:

• Cash Flow and Operating Performance portfolio reports

• Leasing and Occupancy portfolio reports • Operations portfolio reports • Summary and Valuations portfolio reports • Supporting Schedules portfolio reports • Valuations and Returns portfolio reports

11.0.0 Property Budget Improved Copying from Forecast to Budget: Budget users now can copy the following to budget records:

• Miscellaneous rent and incentives account-level detail • Potential Base Rent • Absorption and Turnover Vacancy • Straight-line Rent Adjustments • Straight-Line Rent • General Vacancy • Credit Loss • Memo Accounts • Recoveries

ARGUS Enterprise



11.0.0 Property Budget Miscellaneous Rent and Incentives Detail: Budget users now can:

• Configure AE such that account-level results for miscellaneous rent and incentives can be stored in the database. Note that the use of this option may affect database performance.

• Store miscellaneous rent and incentive account details as part of a scenario.

• Export these records to Excel4ADW. • Export these records as AEEX files.

11.0.0 Investment Structures

Add to an Existing Portfolio Entity: Investment Structures users now can add a portfolio model to an existing investment portfolio or scenario directly from the property portfolio grid based on a selection of properties.


Cash Flow Report: Investment Structures users now can outline projected asset cash flows as well as portfolio-level debt and expenses. Users can also drill down to asset-level detail for specific reporting lines.


Create Investment Structure: Investment Structures users now can create a new Investment Structure and portfolio model directly from a property portfolio grid based on a selection of properties.


Entity Reports: Investment Structures users now can run the following reports and apply various customized timing and layout options:

• Cash Flow • Sources and Uses • Loan Amortization • Debt Summary • Present Value Summary

Review Reports: Investment Structures users now can view data validation reports that provide a review of potential input error that may have an impact on results:

• Data Review Details • Calculation Review • Validation Listing

Audit Reports: Investment Structures users now can view an Occupancy report that provides details of component properties.

ARGUS Enterprise




Equity Percentage Ownership: Investment Structures users now can:

• Create a component property with the property percentage of ownership.

• Override this percentage in a portfolio model. • Change cash flows and values according to the

percentage ownership stake held in a property.


Import/Export: Investment Structures users now can: • Export an Investment Portfolio with a streamlined

export process. • Export an Investment Structure with a stored last save

for a simplified export process. • Import DCF 15 investment portfolio models. • Import/export investment structures as .AIS files. • Import/export a collection of property models as a

single AVUX file containing the entire collection.


Inflation: Investment Structures users now can: • Apply inflation rates to portfolio costs and fees. • Create/apply custom inflation rates to costs and fees. • Use existing global inflation rate function.

ARGUS Enterprise




Investment Portfolio - Overrides: Investment Structures users now can:

• Apply portfolio overrides on the consolidated balances without impacting underlying properties.

• Apply portfolio purchase price assumptions. • Apply portfolio resale price assumptions. • Apply portfolio area assumptions. • Override the purchase price for individual properties. • Override the purchase price for the entire portfolio. • Override the resale price for individual properties. • Override the resale price for the entire portfolio. • Override the ownership percentage. • Override the date and amount of individual property

purchase prices. • Override the date and amount of individual property

resale prices. • Override the date and amount of portfolio

consolidated purchase price. • Override the date and amount of portfolio

consolidated resale price. • Override the portfolio consolidated area

measurement.


Portfolio - Valuation DCF Integration: Investment Structures users now can import a portfolio model created in Valuation DCF as an investment structure.


Portfolio Debt – Amortization Percentage: Investment Structures users now can pay off portfolio-level debt as a percentage of the current balance owed or as a percentage of the accumulated funding.


Portfolio Debt – Loan to Value: Investment Structures users now can:

• Model portfolio level debt as a percentage of the purchase price.

• Model portfolio level debt as a percentage of the adopted valuation.

ARGUS Enterprise




Portfolio Debt – Sale with % of Proceeds Applied to Debt: Investment Structures users now can apply net sale proceeds on a property to portfolio level debt:

• Create amortized debt, where the resale of a component property results in a certain percentage of the net proceeds being applied to repay portfolio debt.

• Repay the property level debt first and apply remaining proceeds against portfolio level debt.

Portfolio Debt: Investment Structures users now can set up portfolio level debt using the following methods:

• % Purchase • % Investment • LTV Loan • % of Adopted Valuation • DSCR Loan • Takeout Loan

Loan Costs: Investment Structures users now can:

• Add loan costs associated with debt, including commitment fees.

• Include loan costs as part of the loan. • Manage timing options of loan costs.

Portfolio Debt – Interest Only: Investment Structures users now can model interest only debt to evaluate the consolidated portfolio with different debt assumptions. Portfolio Debt – Multiple Loan Costs: Investment Structures users now can add multiple loan costs associated with debt and include loan costs in the total debt for amortizing debt and interest only loans. Enhanced Debt: Investment Structures users now can amortize a loan at a percentage that changes over the loan period.


Portfolio Debt Summary Report: Investment Structures users now can view a report that displays a summary of all property and portfolio-level debt in an entity.

ARGUS Enterprise




Portfolio Expense Methods: Investment Structures users now can apply portfolio level expenses that do not impact the underlying component properties:

• Set expense timing as Monthly or Annually. • Set up inflation rates for expenses as nominal or

effective growth factors. • Use existing global inflation rate function. • Budget portfolio level expenses. • Select from several amount/percentage expense

methods.


Present Value tab: Investment Structures users now can easily model present value scenarios for an Investment Structure.

11.0.0 Excel4ADW Enhanced Debt: Excel4ADW users now can: • Export maximum loan amounts to Excel4ADW. • Export amortization percentages to Excel4ADW. • Export multiple loan fees to Excel4ADW.

11.0.0 Excel4ADW Export Occupancy Results: Excel4ADW users now can: • Export property-level occupancy results. • Export lease-level occupancy results.

11.0.0 Excel4ADW Occupancy Report: Excel4ADW users now can construct asset and tenant summary reports with available data in Excel4ADW:

• Extract tenant by tenant area occupancy results from the AE database.

• Calculate occupancies by period, using tenant area occupancy results and building area inputs.

• Use a unique tenant/property ID with these new results to link them to the related tenant inputs.

11.0.0 Administrator File Upload Options: System Administrators now can approve/restrict URLs via the URL White List window.

11.0.0 Administrator Online/Offline Usage: System Administrators now can assign individual users who can temporarily run ARGUS Enterprise remotely when not connected to a server installation of the program. Offline usage does not work for Citrix deployments of the application because it requires an online connection to the Citrix environment.

ARGUS Enterprise


Known Issues and Workarounds

Area Issue Workaround TFS Ref

Valuation Cash Flow

Multifamily – Fixed % Warning: Multifamily occupancy is not accounted for in the calculation of variable expenses.

The Fixed Percentage field is only pertinent for office properties.

143041

Valuation Cash Flow

Cashflow – Total Expense Recoveries: Selecting Modeling Policies>Recoveries>Calculation Frequency>Monthly results in an incorrect sum for the Total Expense Recoveries line.

139502

Valuation Cash Flow

DCF Import Variance Report: When importing an .sf file, the DCF Import Variance report is only generated intermittently.

145298

Valuation Cash Flow

Export Recovery Structures to Valuation DCF: If an AE file uses the | symbol in the recovery structure, the character changes to ¦ and generates an error message.

Remove the | symbol before exporting the file. N/A

Valuation Cash Flow

Valuation DCF Import: Potential base rent and absorption & turnover vacancy do not match for tenants with Upon Expiration>Vacate.

Select a different option from Upon Expiration>Vacate.

71112

Valuation Cash Flow

Export Recovery Structures to Valuation DCF: ARGUS ValDCF requires a reimbursable expense in order to calculate and report reimbursements, even when the reimbursement is a fixed amount per year or rate per area. ARGUS Enterprise does not require this input. This can result in a reporting discrepancy when exporting to ARGUS ValDCF.

Create recovery structures that are based on Reference Only expenses.

N/A

ARGUS Enterprise



Valuation Cash Flow

Valuation DCF Multifamily Differences: Entries to the Alternate Property Size in ARGUS ValDCF are written to the Building Total area measurement in ARGUS Enterprise. The number of units entered in the Property Size category in ARGUS ValDCF are not written to the resulting property models in ARGUS Enterprise.

Manually enter area measures in imported multifamily models.

N/A

Valuation Cash Flow

Valuation DCF Min./Max. Expenses: ARGUS Enterprise does allow for these, but ARGUS ValDCF does not.

Import ValDCF files. Edit expense amounts to reflect minimum/maximum limits.

N/A

Valuation Cash Flow

Valuation DCF Loan Funding Differences: Valuation DCF only allows loans that take-out another loan to show funding one month early. ARGUS Enterprise LTV allows all loans to support early funding.

Adjust loan start dates as desired. N/A

Valuation Cash Flow

Valuation DCF Differences in Loan to Value (LTV) Calculations: LTV method in ARGUS Valuation DCF is purchase or present value times LTV %. LTV method in ARGUS Enterprise is direct cap value times LTV %. This results in a discrepancy in the loan amounts upon importing.

Type the loan amount to match. N/A

ARGUS Enterprise



Valuation Cash Flow

Valuation DCF Debt Notes: Some inputs for debt notes in ARGUS ValDCF cannot be supported when imported to ARGUS Enterprise.

Limited support. N/A

Valuation Cash Flow

Valuation DCF - Free Rent Starting Midmonth: Free Rent calculations do not match between ARGUS Enterprise and Valuation DCF when the lease begins in the middle of the month because ARGUS Valuation DCF does not support this functionality. Example: In ARGUS Enterprise, if a lease begins mid-month and stipulates 2 months free rent, the model will abate rent for half of the 1st month, all of the 2nd month, and half of the 3rd month, for effectively 2 months of total free rent.

Use a category with calculated free rent amounts in the lease months.

37864

Valuation Cash Flow

Prop 13: Cannot model a Prop 13 expense when using capitalization valuation for purchase price or resale.

Manually iterate the model by successively keying in the capitalized valuation for the model in the purchase price field or resale method.

74391

Valuation Cash Flow

Prop 13: Calculating resale year as zero when Resale Method is set to Capitalization Valuation or Traditional Valuation.

Avoid using these options for Prop 13 tax in the resale year.

71405, 74390

Valuation Cash Flow

Occupancy Greater Than 100%: ARGUS Enterprise does not limit the calculation of a variable expense to 100% occupancy. If the occupancy is greater than 100%, the variable portion of the expense can be greater than 100%.

Type values of 100% or less for occupancy. N/A

ARGUS Enterprise



Valuation Cash Flow

Leasing Commissions: Imported DCF file was not matching leasing commissions when they included fixed steps based on a percentage of base rent.

Change Base Rent Steps

1. Go to Market>Market Leasing>Fixed Steps. 2. Change to None. 3. Go to Market Leasing>Rent

Increases>Changing Base Rent>Ellipsis. 4. Add a step for each year of the analysis. For

example, five steps for a five year analysis period.

5. Select Units>% Increase. 6. Type a percentage for each step. 7. Click OK when finished.

Result: Leasing Commissions now match the imported DCF leasing commission values. Note: If you have additional leases that use this same Leasing Commission profile and you do not want to include fixed steps, you must create a new leasing commission, select fixed steps, and apply the new leasing commissions profile to the MLA.

8. Add Fixed Steps to Leasing Commission Elements.

9. Go to Market>Lease Commissions. 10. Create a new LC. 11. Select the Step Rent checkbox. 12. Go to Market>Market Leasing>New LC

Unit. 13. Select the new leasing commission profile

in the pick list. Result: New Leasing Commission, with fixed steps, is applied to the MLA.

91566

Administrator Japanese Operating Systems: Some monitor screens cut off text when using Japanese operating systems.

AE forms and controls have not been optimized for other languages.

70856

Valuation Cash Flow

Indexed Reviews: Do not automatically reset CPIs.

Turn on Modeling Policy Reset CPI on changes to Base Rent. Result: CPI resets on an Indexed Review.

75929

Valuation Cash Flow

Expenses: Search does not find accounts with a hyphen before the number.

When searching for text that includes a hyphen, type a plus sign before the hyphen. For example, for account number -01 type +-01 to search for the account.

134738

ARGUS Enterprise



Valuation Cash Flow

Expenses: Selecting $/Occupied Area cannot have a fixed/variable %: The Fixed Percentage field is not available in ARGUS Enterprise; therefore, files imported from ARGUS ValDCF will present a variance for expenses that use the input of $/Occupied Area and contain fixed and variable percentages for expenses.

Remodel the expense, avoiding $/Occupied Area.

69888

Valuation Cash Flow

ValCAP - Assigning Fixed Values to Tenants: Argus Enterprise does not include functionality for assigning fixed values to tenants.

Reported in the Import Review Details report. 94136

Valuation Cash Flow

Comments: Trying to import CVL files with square brackets in the Comments section generates an error message.

Remove square brackets prior to importing the CVL file.

93895

Valuation Cash Flow

Market Leases: Market leases and other revenue sheets do not retrieve data from a database upgraded from 10.5 or earlier.

Perform a batch calculation of all upgraded properties.

85724

Administrator Workstation Installation: After install, the database files are in the Administrator's profile directory instead of the user's.

Use the AE Configuration utility database wizard to attach the correct SampleDB.

129871

Administrator Workstation Uninstall Connection Settings: After uninstall, the Connection Settings.xml file may persist and need to be removed manually.

1. Go to C:\ProgramData\ARGUS Software\ARGUS Enterprise X.X\Settings \ConnectionSettings.xml.

2. Delete Connection Settings.xml file.

N/A

Administrator Upgrade: Data corruption of tenant improvement input must be fixed after upgrading to 10.6.

Perform a batch calculation, then adjust individual tenant TIs.

Note: Exporting to AVUX will produce a corrected AVUX file but will not fix the source property.

87415

ARGUS Enterprise



Administrator Arabic Language: System does not support an Arabic windows environment.

Select English as the System Locale language. 87277

ARGUS Enterprise


Fixed Issues

Release Area Description TFS Ref

11.0.6 Valuation DCF Integration

CPI Category – Lease Profiles: Changed the mapping to accommodate a select case in which a CPI Index, used in a lease profile, changed upon import.

143294


Deleted Expense Sublines: Fixed a select file that imported a previously deleted subline.

140452


Inflation – Management Fee: Fixed an issue in which importing an ARGUS Enterprise file, with inflation applied to a property management expense, changed the inflation for the monthly minimum.

139499


Recoveries – Net: Fixed an issue in which recovery structures set to Net changed upon import.

143297


Step Rent Increases: Added an enhancement that enabled importing Percentage Increase Annual as the Base type and $/SF/Year as the Step Increases type into the Changing Base Rent section of the AE market leasing profile.

133849

11.0.6 Valuation Cash Flow Base Rent Graph – Traditional Valuation: Fixed an issue in which selecting Traditional Valuation caused the Base Rent annualized rental revenue graph not to display the Void periods and Free Rent periods.

138457

11.0.6 Valuation Cash Flow Cashflow Report – Prop 13A Expense: Fixed an issue that changed the Prop 13A portion of the recoveries when upgrading from 10.6.0.485 to 11.0.5.

144339

11.0.6 Valuation Cash Flow Cashflow Report– Actuals: Fixed an issue in which an account number for Miscellaneous Rent also appeared under Other Revenue.

143296

11.0.6 Valuation Cash Flow Expense Groups – Sublines: Changed the review type from an error to a warning when a child and parent line are both included in the same recovery method.

137530

11.0.6 Valuation Cash Flow Export – Vacancy Allowance: Fixed an issue in which a Vacancy Allowance tenant override did not revert to Primary/Standard Rate on rollover.

138452

11.0.6 Valuation Cash Flow Export Report Packages to Excel – Report Numbers: Removed numbers in report worksheets and matched text to client preferred version.

140453

11.0.6 Valuation Cash Flow Free Rent – Renewal Months: Fixed an issue in which typing zero for a Free Rent profile changed the number of free rent renewal months.

139500

ARGUS Enterprise



11.0.6 Valuation Cash Flow Ground Lease – Costs: Fixed an issue in which an imported CVL file added fixed core rent to non-geared ground rent, which changed the ground lease costs.

140454

11.0.6 Valuation Cash Flow Import – Area Measures: Fixed an issue in which the update of an existing lease record via AEIX for Option Lease Area Measures did not display the expected results.

139748

11.0.6 Valuation Cash Flow Import Error – Large Portfolio: Fixed an error message that displayed when importing a 100 property portfolio.

134830

11.0.6 Valuation Cash Flow Lease Audit Report – Tenant Sort Order: Fixed an issue in which setting the Report Options to sort by Suite Number did not sort as expected in the Recoveries section.

132476

11.0.6 Valuation Cash Flow Lease Summary Report – $/SF: Fixed an issue in which changing the area and base rent amounts did not update on the report.

143592

11.0.6 Valuation Cash Flow Leasing Activity Report – TIs and LCs: Fixed an issue in which TI and LC amounts for leases with partial months were not displayed correctly on the report.

138754

11.0.6 Valuation Cash Flow Leasing Commission – Discounting: Fixed an issue in which Leasing Commissions did not discount to the correct number of periods.

134828

11.0.6 Valuation Cash Flow Leveraged IRR – Funding Operating Deficits: Enhanced the Loan Calculation so that the Fund Operating Deficits option funds non-operating expenses.

138451

11.0.6 Valuation Cash Flow Market – Rental Value Unit: Fixed an issue that multiplied the annual rent by twelve in the Cashflow report.

138453

11.0.6 Valuation Cash Flow Navigator – Scenarios: Fixed an issue in which closing the last open property in a scenario navigated to the next scenario instead of remaining in the same scenario.

143204

11.0.6 Valuation Cash Flow Offline Usage – Temporary License: Fixed an issue in which a temporary offline license copied the first license it found regardless of the assigned modules.

138965

11.0.6 Valuation Cash Flow On Renewal – Cost Trigger: Fixed an issue that caused a new lease to trigger an On Renewal cost.

143825

11.0.6 Valuation Cash Flow Present Value Report – Property Resale: Fixed an issue in which deductions excluded free rent, turnover and capital expenses from the Net Sale Price.

144435

11.0.6 Valuation Cash Flow Rent Roll – Area Total: Fixed an issue in which the tenant area for a custom lease was being added to the Area Total at the bottom of the screen.

143752

ARGUS Enterprise



11.0.6 Valuation Cash Flow Rent Schedule – Interim Steps: Fixed an issue in which an imported CVL file changed the interim step rent, which resulted in changes to the Cashflow and valuations.

141493

11.0.6 Valuation Cash Flow Rental Income – Rental Value Unit: Fixed an issue in which a data copy/paste caused all ITZA areas belonging to the same space to not update Rental Value/Year.

139503

11.0.6 Valuation Cash Flow Sensitivity Analysis – Totals: Fixed an issue in which the aggregated totals and graph did not display in a Scenario Sensitivity calculation.

136436

11.0.6 Valuation Cash Flow Sources and Uses – Annual Interval: Fixed an issue in which changing the Print Interval to Annually displayed the bottom three line items as monthly.

146109

11.0.6 Valuation Cash Flow Sources and Uses – Loan Costs: Fixed an issue which caused loan costs to be omitted from the Sources and Uses report.

146515

11.0.6 Valuation Cash Flow Summary Valuation report – Total Rental Value: Changed report line from Total Rental Rent to Total Rental Value.

144978

11.0.6 Valuation Cash Flow Traditional Valuation – Summary Valuation: Fixed an issue in which the Reversionary Yield displayed as zero for tenants rolling to Market upon expiration.

142867

11.0.6 Valuation Cash Flow Valuation and Return Summary – Leveraged Cash on Cash Return: Fixed an issue in which the Valuation and Return Summary and Property Summary reports calculated the Cash on Cash Return based on the Cash Flow After Debt Service rather than the Cash Flow Available for Distribution.

143204

11.0.6 Valuation Capitalisation Integration

Capital Expenses: Fixed an issue in which a Capital Expense line imported as a lease break penalty.

138968


Ground Lease – Costs: Fixed an issue in which an imported CVL file added fixed core rent to non-geared ground rent, which changed the ground lease costs.

140451


Import Error – Prior Version: Fixed a CVL file, which was generated from a version of Valuation Capitalisation prior to 2.5, failed to import all properties.

136909


Import Error – Prior Version: Fixed a CVL file, which was generated from a version of Valuation Capitalisation prior to 2.5, failed to import all properties.

135694


Import Error – Lease Break: Fixed an issue in which the Lease Break was not included.

147198

ARGUS Enterprise




ITZA Areas – ERV Group: Fixed an issue in which areas in the same space did not update with the same ERV group.

139501


Say Value – Percentage of Ownership: Fixed an issue in which an imported CVL file property's Say Value did not reflect percentage of ownership.

136506


Void Costs – Capital Expenses: Fixed an issue in which an imported CVL file changed the amount for Capital Expenses.

132605

11.0.6 Repertoire Reports Tenant Revenue – Total Tenant Revenue Per Sq. Foot: Removed incorrect revenue per area results from the report.

139747

11.0.6 Excel4ADW Send Data to AE – Acquisition Cost with Range: Fixed an External ID error that generated when importing an acquisition cost with a range.

142870

11.0.6 Excel4ADW Send Data to AE – Ranges: Fixed an issue in which inserting a range record and importing to AE created an extra line.

142869


Debt Financing: Fixed an issue in which an interest rate prior to analysis start did not import into AE.

133892


Debt Financing: Fixed a problem which prevented importing loans that provided funding based on a percentage of a capital expense.

132868


Detailed Base Rent: Fixed an issue in properties imported from Valuation DCF when rent inputs were provided using a rate per unit of area in periods prior to the Analysis Start Date.

130105


Prop 13 – Expenses: Fixed an issue in the calculation of certain Prop13a expenses.

134639


Recoveries: Fixed an issue in the import from DCF which caused recoveries with a Cap and Max % to be reported incorrectly.

134392


Result Storage: Fixed a problem that caused the free rent values stored to the database to lack adjustment by ownership percentage

137103

11.0.5 Valuation Cash Flow Analysis – Return Over Time: Fixed an issue in which Portfolio Analysis and Property Level Returns Over Time did not match IRRs when using the “From Start” calculation method.

136906

11.0.5 Valuation Cash Flow CPI Calculation: Fixed a problem in the calculation of CPI when the CPI Increase % was set to something other than 100%.

134642

11.0.5 Valuation Cash Flow Expenses – Operating: Fixed a delay in changing the How Input of Expenses from Amount 1 to Sub-Lines.

137106

ARGUS Enterprise



11.0.5 Valuation Cash Flow Import – Error: Fixed a select case in which importing an AVUX file generated an error message: “Specified Part does not exist in package.”

127269

11.0.5 Valuation Cash Flow Market Rent Calculation: Fixed a problem in the inflation of market rent when changing the inflation anniversary month.

134915

11.0.5 Valuation Cash Flow Occupancy Audit Report: Fixed an issue in which the report defaulted to Alternate Building Area rather than Building Area.

132872

11.0.5 Valuation Cash Flow Percent Rent Audit Report: Fixed an instance where large numbers on the percentage rent audit report were not using commas as thousands separators.

137104

11.0.5 Valuation Cash Flow Report Packages: Removed the option for the cash flow report for Level of Revenue / Expense Detail which was not intended to be available in report packages

135949

11.0.5 Repertoire Reports Analysis Grid: Fixed a problem that caused the IRR from start to be reported incorrectly on the Analysis grid.

135986

11.0.5 Repertoire Reports Analysis Grid: Fixed a problem that caused the leveraged and unleveraged present value to be reported incorrectly on the Analysis grid.

133152

11.0.5 Repertoire Reports Performance – Scenario ID: Corrected a missing Scenario ID which caused SSRS reports from duplicated properties to take longer than expected to complete.

132870

11.0.5 General AEIX Import: Fixed a problem that caused the Lease ID to be ignored when importing to an option lease.

134187

11.0.5 General AEIX Import: Fixed a problem that would cause expense dates to shift upon import from AEIX when using a specified date rather than the analysis start.

137108

11.0.5 General Database Views: Fixed a problem in the SELECT statement used to set up the view rvw_PercentageRents.

133453

11.0.5 Application Server SQL Server Database – ConnectionStrings: Fixed an issue in which running the Database Wizard in the Configuration utility removed a SQL parameter entry.

133891


CPI Index: Fixed an issue in which an imported .sf file converted a CPI index value of 2 to 200% in the Market tab.

125175


Downtime Rounding: Fixed an issue in which an imported file rounded .5 down instead of up to 1 month for downtime blending.

126421

ARGUS Enterprise




Effective Gross Revenue: Fixed an issue in which an imported file with a Prop 13 expense could not be fully calculated, resulting in a value of zero being reported for Effective Gross Revenue.

127270


Inflation Month: Fixed an issue in which an imported .sf file changed the Inflation Month from Analysis Start to January.

125587


MLA Percentage Rent: Fixed a select case in which an imported model, with Continue Prior selected, stopped using the previous amounts from the MLA or Rent Roll in a certain year.

126876


Space Absorption: Fixed a problem with the import of Space Absorption leases which began after the analysis term in DCF.

131659

11.0.4 Valuation Cash Flow Analysis Length – Loss to Lease: Fixed an issue in which Loss to Lease and Potential Rent After Loss to Lease changed when the length of the Analysis was decreased from 10 to 5.

128242

11.0.4 Valuation Cash Flow Cash Flow – Year 1 Total Operating Expenses: Fixed an issue in which using certain options for a Prop 13 expense caused the Total Operating Expenses line to be reported incorrectly.

126419

11.0.4 Valuation Cash Flow Import – Lease Audit Report Miscellaneous Rent: Fixed an issue that misstated Miscellaneous Rent after importing as an AVUX or AEIX file.

127444

11.0.4 Valuation Cash Flow Import – Miscellaneous Rent: Fixed an issue in which the system changed the Miscellaneous Rent amount if the tenant started in the middle of the month.

126226

11.0.4 Valuation Cash Flow Importing AEIX: Fixed a select case in which exporting an AEIX file then reimporting the same file into a blank portfolio generated an error.

126423

11.0.4 Valuation Cash Flow Inflation – Analysis Period: Fixed an issue in which extending the Analysis period changed the inflation rate.

127279

11.0.4 Valuation Cash Flow Lease Audit Report – Miscellaneous Rent: Fixed an issue in which Miscellaneous Rent was pro-rating rather than showing the total amount for partial months when tenants had start/end dates at the beginning, middle and end of the month.

128235

11.0.4 Valuation Cash Flow Payment Schedule – Half Yearly: Fixed an issue in which selecting Half Yearly as the payment schedule added a rent adjustment to the Valuation and Return Summary report, Sales Proceeds Calculation section.

127276

11.0.4 Valuation Cash Flow Prop 13A – Operating Expenses: Fixed an issue in calculating a Prop 13 expense when the expense rate was the same as the capitalization rate used for resale.

125179

ARGUS Enterprise



11.0.4 Valuation Cash Flow Rent Roll – Base Rent Details: Fixed an issue in which selecting Base Rent details generated an error message.

127750

11.0.4 Valuation Cash Flow Review Report – Recoveries: Changed an error message to a warning signal when recovery structures include duplicate expenses.

129440

11.0.4 Valuation Cash Flow Shortcut Keys – Sorting Operating Expenses: Fixed an issue in which the short cut for sorting was not working for operating expenses.

127272

11.0.4 Valuation Cash Flow Sources and Uses – Net Operating Gains: Fixed an issue in which changing the Print Interval to Quarterly changed the amount displayed for Net Operating Gains.

130108

11.0.4 Valuation Cash Flow Sources and Uses – Year 1 NOI: Fixed an issue in which the Sources and Uses report did not match the Year 1 NOI on the Cash Flow report.

126342

11.0.4 Valuation Cash Flow Space Absorption – Performance: Fixed a problem with calculation performance for large numbers of space absorption tenants.

128260

11.0.4 Valuation Cash Flow Valuation and Return Summary – Leveraged Cash on Cash Return: Fixed an issue in which the Valuation and Return Summary and Property Summary reports calculated the Cash on Cash Return based on the Cash Flow After Debt Service rather than the Cash Flow Available for Distribution.

130103

11.0.4 Repertoire Reports Cash Flow Detail – Export to Excel: Fixed an issue that resulted in the loss of detail data during the export of Repertoire reports to Excel.

132307

11.0.4 Excel4ADW Analysis – Return Over Time View: Fixed an issue which prevented the export of Returns over Time from the Analysis grid.

127759

11.0.4 Administrator AE Upgrade 10.6.0 to 11.0.3: Fixed an issue that caused the database upgrade process to fail after the removal of any user who has created a report package.

131622

11.0.4 Administrator Audit Log – Record Level Security: Restricted the Audit Log to only display portfolio/property information based on the user’s rights level.

125907

11.0.4 Administrator Custom Report – Rates on Specific Dates: Modified the database function fn_GetAmountPeriodList to accommodate the production of custom reports.

130101

ARGUS Enterprise



11.0.3 Valuation Cash Flow Retail - Recoveries: Fixed an issue which caused negative expenses to be excluded from recovery calculations involving adjustments for anchor contributions.

127829


$/SF: Fixed an issue in which the $/SF for Year 1 was higher than expected.

123519


Leveraged IRR: Fixed an issue that changed the Leveraged IRR for a debt that started prior to the Analysis Start Date.

123387


Recoveries: Fixed an issue in which an imported file did not match for the anchor reimbursement on the Recovery Audit report. The variance only occurred for an expense that was a zero dollar expense, defined as a fixed amount.

123642

11.0.2 Valuation Cash Flow Analysis Chart – Show Purchase Price: Fixed an issue in which editing the Analysis Chart to show the purchase price generated an error message: “Specified cast is not valid.”

119797

11.0.2 Valuation Cash Flow Analysis Grid – Cash Flow Report: Fixed an issue that resulted in capital costs, Cash Flow Before Debt Service and cash flow After Debt Service not matching between the Cash Flow report and the Analysis Grid.

119311

11.0.2 Valuation Cash Flow Analysis Grid – LTV and PV: Fixed an issue that misstated LTV and PV values in the grid.

122009

11.0.2 Valuation Cash Flow Cash Flow – Actuals: Fixed an issue in which select recovery actuals did not display in separate lines.

125485

11.0.2 Valuation Cash Flow Cash Flow Report – Leasing Commissions: Fixed an issue in which a set of leasing commission actuals, imported from a third party system, did not match in the Cash Flow for one month.

121580

11.0.2 Valuation Cash Flow Conversion – AE 9.5 to AE 11.0.0.615: Fixed an issue that changed Base Rent values in the Cash Flow report.

125171

11.0.2 Valuation Cash Flow Detailed Base Rent – Save Changes: Fixed an issue in which changes were not saving when the Rent Schedule entries were created in a different order from the dates.

124150

11.0.2 Valuation Cash Flow Free Rent – Error Message: Fixed an error message that erroneously displayed for option tenants with zero free rent.

122533

11.0.2 Valuation Cash Flow Hotels – Departmental Revenues: Fixed an issue in which a property file imported from 10.0 to 11.0 produced a variance for varying inputs for rooms, available rooms, and occupied rooms.

123388

11.0.2 Valuation Cash Flow Import – Custom Lease Types: Fixed an issue in which the system did not populate the Rent Roll with the custom lease.

123378

ARGUS Enterprise



11.0.2 Valuation Cash Flow Input Assumptions Report – TI Inflation: Fixed an issue in which the report did not display TI inflation if records did not vary over time.

117574

11.0.2 Valuation Cash Flow Performance – Calculate Reports: Fixed an issue in which an imported 10.6 property file took longer than expected to calculate the reports.

126651

11.0.2 Valuation Cash Flow Recoveries – Duplicate Expenses: Added an Error Message to the Data Review Details report to alert the users when they have mistakenly linked a duplicate expense to a recovery structure.

124631

11.0.2 Valuation Cash Flow Recoveries – Total Expense Line: Fixed an issue in which the Total Expense Recoveries line did not match the sum of the individual expense recovery line items.

115932

11.0.2 Valuation Cash Flow Report Packages – Print Intervals: Fixed an issue in which selecting varying print intervals for multiple reports resulted in only the first selection being exported.

125365

11.0.2 Valuation Cash Flow Sources and Uses Report: Fixed an issue in which the report displayed Debt Proceeds on the wrong date.

124112

11.0.2 Valuation Cash Flow Space Absorption – Lease End/Break: Fixed an issue in which changing Upon Expiration to Re-absorb caused the miscellaneous revenues, operating expenses, and capital expenses to be hidden.

124113

11.0.2 Valuation Cash Flow Traditional Valuation – Capital Expenses: Fixed an issue in which the traditional valuation calculation valued capital expenses into perpetuity instead of as a sum.

121599

11.0.2 Valuation Cash Flow Unleveraged Present Value: Fixed an issue in which the calculation used the Analysis End date as the PV/IRR date even though the Analysis Begin date was selected.

121226

11.0.2 Sensitivity Analysis Comma Separators – Area or Rent: Fixed an issue in which Area and Initial Rent, when greater than $1,000, did not display a comma separated value.

122006

11.0.2 Repertoire Reports Portfolio Occupancy Report: Fixed an issue in which changing the Start Date changed the Building Area displayed on the report.

122535

11.0.2 Repertoire Reports Portfolio Present Value/Comparison Report: Fixed an issue in which balloon payments occurring at Resale were reported in the Debt Financing column, which caused them to be included twice in the Total Present Value.

125545

ARGUS Enterprise



11.0.2 Repertoire Reports Present Value Comparison Report – Present Value: Fixed an issue in which the loan repayment was subtracted twice from Present Value when a balloon payment occurred at Resale.

123382

11.0.2 Repertoire Reports Upgrade – Select Multiple Properties: Fixed an issue in which upgrading to AE 11.0.0.615 resulted in an error when selecting multiple properties to run a portfolio report.

122534

11.0.2 Investment Structures Purchase Price – Asset Level Loan: Fixed an issue that treated the equity portion of the loan as the purchase price and the underlying loan as profits to be distributed.

124972

11.0.2 Excel4ADW Recovery Method Input Sheet: Fixed an issue in which assigning account codes to expenses resulted in the recovery method information disconnecting from the input sheet.

123777

11.0.2 Excel4ADW Results Sheet - Parent Totals: Fixed an issue in which parent totals for operating expenses did not display on the Property Asset results sheet.

122514

11.0.1 Valuation Cash Flow Acquisition Costs – Stamp Duty: Fixed an issue in order to apply correct stamp duties on acquisitions based on defined ranges.

111796

11.0.1 Valuation Cash Flow Capitalization Valuation – Expenses: Fixed an issue that prevented the user from hiding the group of input columns dealing with capitalization valuation.

115702

11.0.1 Valuation Cash Flow Cash Flow - Report Options: Fixed an issue in which viewing recoveries by Account Number or Recovery Method did not correctly sum the individual lines for the Total Expense Recoveries line.

111899

11.0.1 Valuation Cash Flow CPI Calculation: Fixed an issue that caused minimums and maximums to be applied incorrectly when CPI increases were less frequent than annually.

115451

11.0.1 Valuation Cash Flow Market Rent Calculation: Fixed an issue where inflation was not applied on a monthly basis as per the Market Rate modeling policy.

111901

11.0.1 Valuation Cash Flow Occupancy Percentage: Fixed an issue in which setting Rent Roll>Affects Occupancy to No misstated the Occupancy Percentage on the Lease Audit report.

111896

11.0.1 Valuation Cash Flow Reimbursements: Fixed an issue in which a converted DCF file misstated the reimbursements, based on an Area Minimum.

111893

ARGUS Enterprise



11.0.1 Valuation Cash Flow Report Packages: Fixed an issue which occurred when exporting report packages to Excel for a group of properties. When the report package included the Building Area Occupancy report, this report did not appear for properties beyond the first one in the group.

111892

11.0.1 Sensitivity Analysis Sensitivity: Fixed an issue in which the Sensitivity Matrix rounded fractional numbers for gross multiplier input values.

111903

11.0.1 Excel4ADW Rent Import: Fixed an issue that occurred when importing a rent roll where the base rent input displays defaulted to $/SF/Year. The Rent Roll now reflects a valid value from the import.

112002

11.0.1 Administrator User Management: Fixed an issue preventing an administrator from deleting users who had created sensitivity assumption sets.

111532


CP Increases: Fixed a select case in which a DCF file was not matching the CPI Increases when Allow Inflation Year One was selected.

85856


Free Rent: Fixed a select case in which a DCF file, with Gross up to Stabilized Market Rate used at the resale, did not add back the free rent.

85854


Free Rent: Fixed an issue in which an imported DCF file produced a variance for Free Rent in the Cash Flow report.

83803


Import DCF File – Start Date: Fixed a select case in which a DCF file would not import because of a lease with an unusual start date outside the analysis period.

91175


Lag Vacancy: Fixed a DCF model that changed the lag vacancy after being imported.

90904


Lease Start and Available Dates: Fixed an issue in which an imported DCF file changed the Lease Start and Available dates.

102649


Prop 13 Tax Expenses: Fixed a select case in which an imported DCF file with Prop 13 taxes did not match in the terminal year.

85852


Recoveries: Fixed a select case in which an imported .sf file changed the Total Recovery Amount.

98657


Recoveries: Fixed a select case in which importing a DCF file did not match for reimbursements.

99155


Space Absorption – Available Date: Fixed a select case in which importing space absorption changed the Available Date to zero in the Rent Roll.

91171

ARGUS Enterprise



11.0.0 Valuation Cash Flow Absorption and Vacancy: Fixed an issue in which tenant absorption and vacancy calculations generated a null reference error.

90549

11.0.0 Valuation Cash Flow All Terms Report: Added the ability for the report to show the reversion year as the DCF report does.

100670

11.0.0 Valuation Cash Flow Analysis: Fixed an issue in which the Analysis Chart Legend displayed despite the user unchecking the Show Checkbox option.

99750

11.0.0 Valuation Cash Flow Average Monthly Rent/Occupied Unit: Changed this key statistic calculation to more accurately represent the line item title.

98650

11.0.0 Valuation Cash Flow Calculation Performance: Fixed an issue in which the system triggered optional calculations resulting in slower than expected performance.

93329

11.0.0 Valuation Cash Flow Cash Flow Available for Distribution: Fixed an issue in which the Cash Flow Available for Distribution line did not match between the Property and Portfolio Cash Flow reports.

99362

11.0.0 Valuation Cash Flow Cash Flow Report – Actuals: Fixed a select case in which running the Cash Flow report with actuals generated an error message.

93527

11.0.0 Valuation Cash Flow Cash Flow Report – Total of Subline Accounts: Fixed a select case in which the Total of Subline accounts displayed as negative despite the sublines being entered as positive.

90112

11.0.0 Valuation Cash Flow Cash Flow Report: Fixed an issue in which the report displayed the Recovery Income line as zero.

89727

11.0.0 Valuation Cash Flow Chart of Accounts: Fixed a select case in which using a capital expense code for a non-operating expense generated an error message.

86760

11.0.0 Valuation Cash Flow CPI Increases: Fixed a select case in which the CPI Increases were not reacting to the CPI profile settings as expected.

85862

11.0.0 Valuation Cash Flow CPI Index: Fixed an issue in which the CPI misstated changes from the index.

86529

11.0.0 Valuation Cash Flow CPI: Fixed a select case in which the CPI, after the end of a contract lease, did not display as expected.

92431

11.0.0 Valuation Cash Flow Custom Views: Fixed an issue in which changes to a custom view were not being saved for the Expenses and Revenues tabs.

90113

11.0.0 Valuation Cash Flow Debt Principal - Account Number: Fixed an issue in which the Budget Comparison report displayed a different account number for Debt Principal than was on the Chart of Accounts.

98570

ARGUS Enterprise



11.0.0 Valuation Cash Flow Detailed Loan Amount: Fixed an issue in which a new loan, with $ Amount selected, displayed the ellipsis button.

91856

11.0.0 Valuation Cash Flow Expiring Area: Fixed an issue in which the chart for expiring area did not match the expiring area in two reports.

93162

11.0.0 Valuation Cash Flow Export as DCF File: Fixed a select case in which a file did not export as an .SF file due to a Valuation Date setting.

94424

11.0.0 Valuation Cash Flow Free Rent – Payment Schedule: Fixed a select case in which Free Rent, set to English Quarter Days, displayed free rent in a month that was not expected.

92463

11.0.0 Valuation Cash Flow Hotel Expenses: Fixed an issue in which varying amounts for $/Occupied Room were multiplied by twelve.

101394

11.0.0 Valuation Cash Flow Index Out of Range: Fixed a select case in which calculating the Inflation Index generated an error message.

93687

11.0.0 Valuation Cash Flow Inflation Data Table: Fixed a select case in which a query associated with the InflationRateAmounts data table generated an error.

91865

11.0.0 Valuation Cash Flow Inflation on TIs and LCs: Fixed an issue in which exporting a file to DCF assigned TIs and LCs to the Global Inflation value.

99532

11.0.0 Valuation Cash Flow Initial Rent: Fixed a DCF file in which initial rent was not increasing on the dates specified.

94461

11.0.0 Valuation Cash Flow Intelligent Renewals: Fixed an issue in which intelligent renewals for tenants were not rolling to the expected rent.

93324

11.0.0 Valuation Cash Flow Leasing Commissions: Fixed an issue in which the system did not include comma separators for the leasing commissions.

86530

11.0.0 Valuation Cash Flow Loan – Additional Payments: Fixed an issue that excluded additional principal assigned to repay the loan.

93980

11.0.0 Valuation Cash Flow Miscellaneous Rent: Enhanced Detailed Miscellaneous Rent to show the total amount for the month entered despite any pro rata months.

87503

11.0.0 Valuation Cash Flow Miscellaneous Rent: Enhanced the miscellaneous rent export functionality to include sub-account detail in AEEX file.

79214

11.0.0 Valuation Cash Flow MLA – Renew Base Rent: Fixed an issue in which the Base Rent, set to Same As New, did not match the expected values.

94413

11.0.0 Valuation Cash Flow Multifamily - Vacancy Allowance: Fixed an issue in which Vacancy Allowance, set to Economic Occupancy, instead displayed Potential Market Rent in the Cash Flow report.

94714

ARGUS Enterprise



11.0.0 Valuation Cash Flow Option Leases: Fixed an issue in which an option lease was not updating the Start Date as expected.

103242

11.0.0 Valuation Cash Flow Other Tenant Income: Fixed an issue in which the Cash Flow report>Other Tenant Income section changed the recovery line item label.

93810

11.0.0 Valuation Cash Flow Portfolios: Fixed a select case in which attempting to open a portfolio generated an error.

99366

11.0.0 Valuation Cash Flow Proceeds from Sale: Fixed an issue in which an imported DCF file ignored proceeds from the sale for the Sources and Uses of Capital report.

90477

11.0.0 Valuation Cash Flow Recovery Actuals in Reports: Fixed a select case in which one actual for recoveries displayed differently from expected in the Cash Flow report.

86753

11.0.0 Valuation Cash Flow Recovery Inflation Defaults: Conformed inflation defaults for recoveries in detailed expenses and the Rent Roll so that they match.

93835

11.0.0 Valuation Cash Flow Rent Roll – Presentation: Fixed an issue in which reports with As Of dates after Lease Start dates displayed no data.

93163

11.0.0 Valuation Cash Flow Report Packages: Fixed an issue in which the Lease Expiration report, when exported to Excel in a report package, ignored user selections for sort order.

92461

11.0.0 Valuation Cash Flow Resale Results: Fixed an issue associated with resale methods in a leap year.

101390

11.0.0 Valuation Cash Flow Sale Price Adjustments: Fixed an issue in which Sale Price Adjustments were not recorded as expected in the Returns Over Time report.

98617

11.0.0 Valuation Cash Flow Sources and Uses Report: Fixed an issue in which the report displayed a Leveraged IRR that was different from expected because of how it was handling debt proceeds.

103568

11.0.0 Valuation Cash Flow Space Absorption: Fixed a select case in which free rent months generated an error message about dates.

102490

11.0.0 Valuation Cash Flow TIs and LCs: Fixed an issue in which the Total Return was misstated in select periods relating to TIs and LCs.

100669

11.0.0 Valuation Cash Flow Total Return: Fixed an issue in which the Total Return was not time weighted.

90702

11.0.0 Valuation Cash Flow Traditional Valuation – Market Inflation: Fixed an issue in which the Market Inflation on the Ground Lease impacted the day one valuation.

101395

ARGUS Enterprise



11.0.0 Valuation Cash Flow Traditional Valuation – Operating Expenses: Fixed an issue in which changing the Lease End dates changed the apportionment of the operating expenses.

104489

11.0.0 Valuation Cash Flow Traditional Valuation Reports: Removed a Budget license requirement to access Traditional Valuation reports.

90204

11.0.0 Valuation Cash Flow Traditional Valuation Resale Matrix – Net Sale Price: Changed the line item label on the report from Gross Sale Price to Net Sale Price regardless of the resale method.

95018

11.0.0 Valuation Cash Flow Unleveraged Present Value: Fixed a variance across reports caused by a specified PV/IRR date that was not the first of the month.

101392

11.0.0 Valuation Cash Flow Unleveraged Present Value: Fixed an issue in which the calculation did not include acquisition costs as expected for the IRR and Sale Price.

104580

11.0.0 Valuation Cash Flow Vendor’s Costs: Fixed an issue in which the Vendor’s Costs, associated with a traditional valuation exit method, were being adjusted based on the Scenario Currency Conversion.

90428


CVL Portfolio: Fixed a select case in which an imported CVL file double counted a capital expense that was triggered by a lease break.

101387


CVL Rent Review: Fixed a select case in which an imported CVL file did not incorporate the outstanding rent review.

102925


Import CVL File – Cost Frequency: Fixed an issue in which an imported CVL file changed the cost frequency for a capital expense.

101389


Import CVL File – Indexation: Fixed an issue in which an imported CVL file increased the value for rents with indexation applied.

99448


Import CVL File – Lease Breaks: Fixed an issue in which an imported CVL file misstated the Lease Break Penalties.

94713


Import CVL File – Tenants: Fixed a reporting issue associated with an imported CVL file that contained tenants with fixed values.

94414


Import CVL Portfolio: Fixed a select case in which an imported CVL portfolio took longer than expected to complete the calculations.

100922

ARGUS Enterprise



11.0.0 Sensitivity Analysis Gross Income Multiplier: Fixed an issue in which the Matrix rounded inputs less than a whole number.

105058

11.0.0 Repertoire Reports Portfolio Occupancy Report: Fixed an issue in which the report did not display all properties in the selected group when portfolio/property Permissions were applied.

98863

11.0.0 Property Budget Copy Forecast to Budget – Duplicate Account Numbers: Fixed an issue in which the system did not total duplicate account numbers with different values.

89173

11.0.0 Property Budget Copy Forecast to Budget – Operating Expenses: Fixed a select case in which some operating expenses did not convert from Forecast to Budget.

88473

11.0.0 Property Budget Copy Forecast to Budget – Subline Accounts: Fixed a select case in which Copy Forecast did not correctly associate the total of all subline accounts with the expected account.

92659

11.0.0 Excel4ADW Get Results Data: Fixed a select case in which the Get Results Data process altered the Excel array formulas.

100034

11.0.0 Excel4ADW Lease Data – Error: Fixed a select case in which a database timed out when pulling lease data for select properties.

82992

11.0.0 Excel4ADW Leases Worksheet: Fixed a select case in which pulling/pushing data from the Leases worksheet generated an error message.

95189

11.0.0 Excel4ADW Templates: Fixed a select case in which upgrading from 9.5 to 10.6 resulted in saved presets for a results sheet no longer working as expected.

93161

11.0.0 Capitalisation Valuation Integration

Market Recoveries: Fixed an issue in which a recoveries method, which was set to be excluded, was included in the calculation.

93688

11.0.0 Application Server Performance – Saving a CapVal file: Fixed a performance issue associated with saving a Capitalisation Valuation property file.

99364

11.0.0 Application Server Performance – Saving a Property File: Fixed an issue in which saving a property file resulted in slower than expected performance.

99363

11.0.0 Administrator SQL Server Database Upgrade: Fixed a script error associated with creating a new database and/or upgrading from version 10.5.

94038

Date post:	27-Apr-2018
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