Teaching with Cutting-edge Technology
UM Real Estate Students Gain Experience Using Argus Software
A technology gift from the ARGUS/Altus Group of Houston, Texas, to the University of Mississippi School of Business Administration is providing students the opportunity to experience software they may ultimately use in their careers.
The recent gift, valued at more than $330,000, is intended to train UM real estate students to use the same data and analytic software used daily by commercial real estate professionals.
“We want to ensure that students are prepared with the knowledge they need to enter the industry with the understanding of our software and how it’s used in different roles,” said Kari Mayfield, education coordinator for Altus Group. “Learning it while still in school creates a relationship with the students early on that sticks with them when they become the decision-makers of tomorrow.”
Mayfield said Altus Group also hopes the gift will facilitate a connection between the company and students.
“Many of the students we train become our industry clients and we get to maintain this relationship throughout their careers. That‘s what we hope to continue accomplishing.”
ARGUS Enterprise allows developers and investors to evaluate, analyze and gauge the risk of an investment as well as facilitate the transaction of properties. Investors then use the information provided by the Argus analysis to keep track of their budgets and benchmark performance of multiple assets in a simple and visible way.
Sergio Gárate, assistant professor of real estate, said his students who learn to use the ARGUS technology will enter the industry with a competitive edge.
“Working on a case study using this tool helps students polish their analytical skills and apply the theoretical concepts learned in the classroom in a practical manner,” Gárate said. “We are really excited and grateful to the Altus Group for giving our students this opportunity and we believe it will help them land gainful employment once they graduate.”
About ARGUS/Altus Group
ARGUS/ Altus Group is a global leader of software, data solutions and technology-enabled expert services for the commercial real estate industry. The trusted partner to the CRE industry, the company drives change through innovative solutions and expert advice. The company’s multi-disciplined team of professionals has the experience and insights to empower clients to make informed decisions and drive strategic growth.
By Bill Dabney