RICS Americas and Argus Software Partner to Offer Education Opportunities to Real Estate Profession

RICS Membership to Benefit from Discounted Training on ARGUS Software

New York and Houston – May 18, 2009 – RICS Americas, a global organization for property professionals, and ARGUS Software, the leading provider of solutions for managing the value of real estate investments worldwide, today announced an educational partnership that will provide RICS members worldwide with discounted access to the ARGUS library of elearning and virtual training programs.

The courses cover all aspects of real estate cash flow projection, transaction analysis, asset valuation, development feasibility, asset and portfolio management and other topics that are central to the practice of commercial real estate. The courses will employ the ARGUS suite of industry standard software solutions.

”Opening the ARGUS Training Library through reduced rates to the RICS worldwide membership will provide one of the most important organizations for property professionals today with crucial access to the standards and solutions that banks and institutional investors trust,” said Bruce Kellogg, FRICS, MAI, senior vice president for industry relations at ARGUS Software. “This is a partnership that will not only benefit the members of RICS but will serve to lift the industry as a whole through the continued adoption of best practices and standards.”

As RICS Americas chairman Tom Justin noted, “A very high proportion of our 140,000 members globally use ARGUS solutions for various property analysis functions, including completing valuations using the discounted cash flow or capitalization methods. This program is relevant to both continuing professional development as well as new employees needing education on financial and operational analysis in commercial real estate.”

According to RICS General Manager Matt Bruck, the agreement is a valuable member service that has a meaningful bottom line return for all RICS constituents in an increasingly competitive market.

The program discount is 10 percent and is for RICS members throughout the world. RICS members and member firms can incorporate ARGUS Software Training into existing internal training programs or take the units as stand-alone offerings. The program was designed and will be facilitated by Lynn Clarke, director of global training for ARGUS Software.

About ARGUS Software
ARGUS Software is the leading provider of software and solutions for managing the value of real estate investments worldwide. ARGUS Software has a world-class user base consisting of over 9,000 customers and has been focused solely on the commercial real estate segment for over 20 years.

About RICS & RICS Americas
RICS (Royal Institution of Chartered Surveyors) is the leading organization of its kind in the world for professionals in property, land, construction and related environmental issues. We help set, maintain and regulate standards and provide impartial advice to governments and policymakers. RICS has more than 100,000 qualified members who operate across 17 disciplines in more than 146 countries, supported by an extensive network of regional offices around the globe. www.rics.org. To ensure that our members are able to provide the quality of advice and level of integrity required by the market, RICS credentials – AssocRICS, MRICS and FRICS – are only awarded to individuals who meet the most rigorous requirements for both education and experience, and who are prepared to maintain the highest standards of business practice and ethics in support of public interest. RICS Americas, based in New York and covering North, Central and South America and the Caribbean, has more than 3,000 members in commercial and residential development, construction management, brokerage, planning and finance, valuation and fine arts appraisal. Staff support these members from New York, Toronto and Chicago. For more information visit www.ricsamericas.org or e-mail ricsamericas@rics.org.