IREM's Income/Expense Analysis® Data Integrated with ARGUS Solutions
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HOUSTON, TX and CHICAGO, IL, July 12, 2012 – ARGUS Software (“Argus”), the global leader of software and solutions for analysis and management of commercial real estate investments, and the Institute of Real Estate Management (IREM®), a trusted source for knowledge, advocacy and networking for the real estate management community, today announced the availability in summary form of IREM’s Income/Expense Analysis® market data – produced annually for five major property sectors – within ARGUS® Valuation DCF and ARGUS® Enterprise. The IREM® summary data consists of top-line revenue and expenses presented in median & quartile distributions of income and expenses per unit for a specific property type and location. The value output from the Argus solution integrates with the IREM® data to enable clients to quickly evaluate results, and is available at no additional cost to Argus clients and subscribers. More extensive IREM® Income/Expense Analysis® market data is available for purchase through the Argus link.
“Our strategic alliance with Argus will help IREM® Members and the market as a whole better assess and maximize the value of commercial real estate,” says 2012 IREM® President James A. Evans, CPM®. “The IREM® market data and Argus platform combination offers a quality solution that is easy to use and accelerates time-to-value for the market.
“The strong collaboration between IREM and Argus further extends the industry’s capabilities for the level of transparency and efficiency necessary to identify risks and test strategies,” says Mark P. Kingston, president of ARGUS Software and chief knowledge officer for Altus Group. “Building on the momentum of our market data integration efforts with Real Capital Analytics, IREM’s Income/Expense Analysis® data will enable the industry to deliver a more comprehensive analysis.
ABOUT THE INSTITUTE OF REAL ESTATE MANAGEMENT
The Institute of Real Estate Management (IREM®) is an international community of real estate managers across all property types dedicated to ethical business practices and maximizing the value of investment real estate. An affiliate of the National Association of Realtors®, IREM has been a trusted source for knowledge, advocacy and networking for the real estate management community for more than 80 years.
IREM is the only professional real estate management association serving both the multi-family and commercial real estate sectors and has 80 U.S. chapters, 14 international chapters, and several other partnerships around the globe. Worldwide membership includes nearly 18,000 individual members and over 535 corporate members.
IREM promotes ethical real estate management practices through its credentialed membership programs, including the Certified Property Manager® (CPM®) designation, the Accredited Residential Manager® (ARM®) certification, the Accredited Commercial Manager (ACoM) certification, and the Accredited Management Organization® (AMO®) accreditation. These esteemed credentials certify competence and professionalism for those engaged in real estate management. IREM also offers CPM® Candidate, Associate, Student, and Academic memberships. All members are bound by the strictly enforced IREM® Code of Professional Ethics.
Collectively, CPM® Members in the United States manage nearly $2 trillion in real estate assets, including 11.4 million residential units and 10.4 billion net square feet of commercial space. To learn more about the IREM and its chapter network, call (800) 837-0706, ext. 4650 (outside the U.S. call (312) 329-6000) or visit www.irem.org.