Migrating off ARGUS Enterprise? A free path for deal teams.

What the ARGUS Enterprise → Intelligence transition means

Altus Group is consolidating its products onto ARGUS Intelligence, a cloud platform, and no longer sells ARGUS Enterprise standalone. Existing customers were directed to complete migration steps by June 2026. Practically, that means the decision is no longer 'renew or don't' — it is 'move to a new platform, at its pricing and on its terms, or move off.' For teams whose ARGUS seat was already a grudging line item, the forced replatforming converts an annual renewal into an active buying decision, and it is reasonable to re-evaluate alternatives before signing a new agreement.

• •ARGUS Enterprise is no longer sold as a standalone product
• •Migration steps to ARGUS Intelligence were due by June 2026
• •Reported Intelligence pricing: ~$3,000–$5,000/user/year for individual licenses, more for enterprise

Who this affects — and how differently

The transition lands very differently depending on who you are. Large institutions with enterprise agreements, dedicated ARGUS modelers, and counterparties who exchange ARGUS files will mostly migrate — the switching cost is real and the platform is entrenched in their workflows. The people squeezed hardest are single-seat analysts and small shops: an independent underwriter or a two-analyst acquisitions team that used one Enterprise license now faces a per-user cloud subscription for capability they only partially used. If ARGUS was your valuation standard, migrate. If it was your underwriting spreadsheet with better lease handling, you have options.

• •Institutions with enterprise agreements: migration is the likely path
• •Single-seat analysts and small shops: a new recurring per-user cost for partially used capability
• •Deal teams at either scale: a chance to separate underwriting from appraisal tooling

What a deal team actually needs (vs. an appraisal shop)

ARGUS serves two audiences with one product. Appraisal and valuation shops need appraisal-standard DCF methodology, industry-standard report formats, and file compatibility with clients and auditors — if that is your work, evaluate a valuation-focused platform like Rockport VAL, which is built for that job. Acquisition and deal teams need something different: a defensible pro forma from rent roll to levered returns, a capital stack with debt and GP/LP waterfalls, sensitivity on the assumptions that move the deal, and a committee-ready memo. Origentic is built for the deal-team job — deterministic, auditable, and free to start — not for producing appraisal reports.

• •Valuation/appraisal work: consider Rockport VAL as the ARGUS-style alternative
• •Acquisitions underwriting: pro forma, debt, waterfalls, sensitivity, memo — Origentic's core
• •Origentic is free to start — full engine, 3 active deals, no card; flat plans from $89/mo

How Origentic maps to ARGUS concepts

The concepts transfer directly. ARGUS's lease-by-lease modeling corresponds to Origentic's lease roll for retail, office, and industrial: each tenant carries its suite, square footage, base rent with steps, NNN or gross recoveries, term, and rollover assumptions, rolled up to property-level NOI. ARGUS's DCF and reversion correspond to Origentic's monthly cash-flow engine and exit: cash flows are computed monthly, rolled up annually, and the sale is modeled on an exit cap with net proceeds flowing through debt payoff to the equity waterfall. ARGUS sensitivity maps to Origentic's two-variable grids — exit cap versus rent growth, price versus leverage — computed with full engine runs. Origentic's engine is deterministic and verified against a frozen suite of golden test vectors, so identical inputs always reproduce identical outputs. It also covers what ARGUS was rarely used for: seven asset classes, a deal CRM and pipeline, glass-box AI extraction with per-field source, confidence, and human sign-off, investment memos, and revocable LP share links.

• •Lease-by-lease → lease roll: rent steps, recoveries, rollover per suite (retail, office, industrial)
• •DCF and reversion → monthly cash flows, exit cap, and net-proceeds waterfall
• •Sensitivity → two-variable grids with full engine runs, not interpolation

The honest limitation: no ARGUS file import

Origentic does not import ARGUS files. There is no converter that reads an Enterprise model and reproduces it — your existing models must be re-entered. In practice, deal teams rebuild from the source documents rather than from the old model: upload the rent roll, T-12, or offering memorandum and Origentic's glass-box AI proposes structured inputs, each showing the exact source location and a confidence score, and nothing enters the model until a human approves it. For a typical property that is a re-entry project measured in an hour or two, not days — but it is real work, and if your workflow depends on exchanging ARGUS files with counterparties, Origentic does not replace that.

A practical migration path

You do not need to move the whole book at once. A sensible sequence: pick one live deal and rebuild it in Origentic from the rent roll and OM, using AI-assisted extraction with field-by-field sign-off; reconcile its NOI, DCF, and returns against your ARGUS output so you trust the mapping; then run the next new deal in Origentic from day one rather than back-migrating old models. Archive exported reports from legacy ARGUS models you need for the record. Because Origentic is free to start, the evaluation costs you the rebuild time and nothing else — there is no license to buy before you know whether it fits.

• •Rebuild one live deal from source documents and reconcile against ARGUS
• •Underwrite new deals in Origentic; don't back-migrate the archive
• •Export and archive legacy ARGUS reports you need for the record