ARGUS is a computer program widely used by institutional investors to simulate expected property performance, including that of multitenant office buildings and shopping centers.
The Gross Rent Multiplier (GRM) is a simplified ratio used by real estate investors to evaluate the potential profitability of an income-generating property. It is calculated by dividing the property's purchase price by its gross annual rental income.
The NPI, or National Property Index, is a property performance index maintained by the National Council of Real Estate Investment Fiduciaries (NCREIF).
An occupancy report provides a comprehensive summary of a building's occupancy status, detailing pertinent information about tenants, vacant spaces, and leasing terms. This report is essential for property managers, owners, and investors to assess the property’s performance and make informed decisions.
