Key Point #1 - ANSIn AE, over thousands of Properties can be created/imported within many
Portfolios. The icons located in the row below the headers are called the RESOURCE BASE
COLLECTION (RBC) and they allow a user to filter by alpha or numeric entries (pg 7)
Portfolio - ANSA collection of properties to which a user can apply various scenarios. Once a
user creates one, properties can be added to it. Any changes made to this will be saved (pg 11)
Control Panel - ANSA window that allows a user to utilize administrative features in ARGUS
Enterprise, if they have the appropriate permissions (pg 9)
Properties Tab - ANSUtilize this application to add these to the portfolio. Refresh this view to
download additional data from the ARGUS Data Warehouse (pg 13)
Portfolio Details Tab - ANSThe tab displays information about the current portfolio and scenario.
Different levels of detail can be set for the Audit Log in this Portfolio Application tab (pg 13)
Scenarios Tab - ANSThis section allows users to build scenarios for reporting analysis and view
a list of all scenarios in a portfolio (pg 13)
Reports Tab - ANSNavigate here to view various portfolio level reports (pg 13)
Analysis Tab - ANSThis application allows users to create and view analytical charts and graphs
based on a combination of properties and/or tenants from the portfolio (pg 13)
Lease Review Tab - ANSThis tab allows users to view lease level details in the active scenario
of the selected portfolio. This tab is available for Standard licensed users (pg 13)
Audit Log Tab - ANSThis tab will display what properties were edited by which users within the
opened portfolio (pg 13)
,Traditional Valuation Tab - ANSThis tab allows a user to model assumptions and goal seek to
project costs and yields (pg 13)
Key Point #2 - ANSIf a Currency Scenario is created, it will be assigned in the Portfolio Details
tab (pg 13)
Ch 1 Review: (T/F) Once a Property Asset Type is selected it cannot be changed. (Pg 14) -
ANSFalse
Ch 1 Review: (T/F) The Analysis Begin date defaults to the current month and year. (Pg 15) -
ANSTrue
Ch 1 Review: Which section in the Navigation Pane allows users to update a variety of different
settings ranging from Managing Users to Data Import Validation Rules to Report Settings? (Pg
8)
a. Property Portfolios
b. Global Categories
c. Help
d. Control Panel - ANSd. Control Panel
Ch 1 Review: Which of the Portfolio Application Tabs is best described by the following
statement? This application allows users to create and view analytical charts and graphs based
on a combination of properties from the portfolio. (Pg 13)
a. Portfolio Details
b. Scenarios
c. Reports
d. Analysis - ANSd. Analysis
Modeling Policies Option - ANSAllows a user to view and change the options used for data
entry and calculations in the property model (pg 19)
Calculation Option - ANSAn option that can be selected/deselected to automatically calculate
changes made to the property model. When running AE vie Citrix this function is set to OFF and
cannot be changed (pg 19)
Calculate As Option - ANSAn option that will calculate the property at either the current version
or the last major releases before the current version (pg 19)
Property Tab - ANSA tab that allows users to input necessary property level information. Certain
fields within this tab are required fields while the others are optional based on the user's
preference (pg 20)
,Description Sub Tab (under Property) - ANSThis tab allows users to enter basic information
about the property (pg 21)
Location Sub Tab (under Property) - ANSEnter the property address in this tab. This inforation is
not required but entering it will facilitate the use of advanced features in AE (pg 21)
Additional Sub Tab (under Property) - ANSPreparer Name, Appraisal Number, Loan Number,
Year Built, Portfolio Name and Comments are entered in this window. Including this information
is option (pg 21)
Attachments Sub Tab (under Property) - ANSUpload numerous files and URLs in this tab to
centralize the location of property documents (pg 21)
Area Measures Sub Tab (under Property) - ANSThis screen contains the entries of building
measurements, including property size, office space, retail space, and storage. New categories
may be created by the user to accommodate reimbursement calculations or to specify other
measurements, such as common areas (pg 21)
Ground Leases Sub Tab (under Property) - ANSThis tab allows a user to adjust market
assumptions for a Ground Lease, model valuation and/or a discounted cash flow. This
commonly used with Traditional Valuation and non-freehold tenants (pg 21)
Units Sub Tab (under Property) - ANSAllows a user to easily track inventory, forecast property
unit cash flows, model renewal scenarios for replacement tenants or re-measurements and
extract data necessary for creating stacking plans and other external custom reports (pg 21)
Charts of Accounts Sub Tab (under Property) - ANSThis sub-tab displays the COA attached at
the portfolio level and can be used in creating revenues and expense line-items throughout the
property (pg 21)
Actuals Sub Tab (under Property) - ANSThis tab is where users can import or manually enter
actual expenses incurred by the property (pg 21)
Budget Sub Tab (under Property) - ANSThis tab is where users can import or manually enter
budget information for the expenses incurred by the property (pg 21)
Classifications Sub Tab (under Property) - ANSAdd classifications to group assets that share
similar values in this tab. Once applied to your asset, we will be able to select from the available
property classifications in the Group By parameter of many Portfolio Reports (this will vary by
report) (pg 21)
Key Point #3 - ANSClick on the Inflation Basis ellipsis to detail inflation monthly. To apply
inflation to the first year of the analysis select Allow Inflation in Year One option in the Modeling
Policies (pg 22)
, Market Tab - ANSA tab that includes all assumptions dealing with Inflation, General Vacancy,
Credit Loss, Market Leasing profiles, Market Rent categories, Free Rent, CPI Increases, Tenant
Improvements, Leasing Commissions, Rent Components and Ranges (pg 22)
Miscellaneous Sub Tab (under Revenues Tab) - ANSA sub-tab where all non-tenant related
revenue can be entered (pg 23)
Expenses Input Screen - ANSIncludes all reimbursable and non-reimbursable operating
expenses (pg 25)
Reimbursable Expenses - ANSAll expenses that the property owner will recover from the
tenants. Includes Common Area Maintenance (CAM), Taxes, Insurance and Repairs (pg 25)
Prop 13A (Expense Input Method) - ANSAE will interpret the expense as a California
Proposition A expense and will calculate it as a percentage of the resale amount as well as any
recovery of the adjusted expense. Note that only one Proposition 13 expense will be used in
calculations. If you enter more than one expense as a Proposition 13 expense, only the first
Proposition 13 expense will be used in calculations (pg 25)
Prop 13B (Expense Input Method) - ANSAE will interpret the expense as a California
Proposition B expense and will modify the capitalization process by adjusting the NOI to remove
the tax expense, add the tax rate to the cap rate, and calculate resale of the property based on
the incremented cap rate (pg 25)
Key Point #4 - ANSWithin AE we can add in Non-Operating Expenses. Non-Operating
Expenses will fall below the Net Operating Income line on the Cash Flow. They will also not be
counted towards the value of the property. You can switch this feature on/off in the Report
Options while in the Cash Flow Report (pg 25)
% of Gross Market Income - ANSFor DCF users, this multiples the entry in the Amount 1 field by
the sum of Total Market Rent and Total Other Revenue (pg 25)
Key Point #5 Variable Expense Calculations: - ANSVariable Expense Calculations:
[(Expense Amount x % Fixed) + (Expense Amount x % Variable x % Occupied)] = Expense
Amount on Cash Flow
Copy To End Button (Varies Window) - ANSThis button will copy the monthly amount to all
remaining months of the analysis (pg 27)
Copy Column To End Button (Varies Window) - ANSThis button will copy the selected year to
each year thereafter (pg 27)
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