This week marks the release of a new feature in our REIA product line as well as important updates to our development programs for the Mac.

We have just added the Equity Multiple calculation to both REIA Express and Pro, for both Windows and Macintosh. Download the latest builds of these products to view this metric on the Analysis of Resale and Summary Cash Flow and Resale Analysis reports. You will also find Equity Multiple on our Decision Maker sensitivity analysis dashboard.

Also newly released are updates to C/I Development and On Schedule for the Mac.  These two updates bring these products in line with their Windows counterparts by adding features such as waterfall returns in the Partnership modules.

RealData customers should open their software and look for the “Check for Updates” button on the Welcome worksheet, or login to their customer account to download the latest release of these products.

We have recently rolled out new builds of all of our Windows products.  The main objective was to include a new in-house PDF printer which replaces the third party product we have relied upon for over a decade.

The new printer provides a number of advantages:

• It immediately solves a print fail issue that arose with Windows 10.  All customers who have Windows 10 are encouraged to update to the latest build immediately.
• We created the new PDF printer in-house so we can more quickly diagnose and respond to any issues that may arise.
• Our solution is a much smaller file and runs faster.

Also included in this round of updates are cosmetic and other minor changes.

All customers running the latest release of our products should download the latest builds – do this via the “Check for Updates” button on the Welcome worksheet of your product or login to your customer account at realdata.com

View the latest builds of each product on our builds page.

This week we introduce version 18 of Real Estate Investment Analysis, Professional Edition.  It is available immediately for purchase, either for 30-day licenses or time-unlimited licenses. We offer upgrade paths for those who have been with us through previous releases.  Currently, this version is available for Windows only.

What is New?

• Fiscal Year Option – Sometimes a perfectly obvious and useful feature is overlooked.  In the past year, a number of users suddenly started asking about the option to display data with fiscal year headings — i.e., Year 1, Year 2, etc. — rather than with calendar years. Even RealData’s founder, Frank Gallinelli, insisted on this new feature when he realized his grad students could follow a presentation more easily this way! Now you can have this by ticking a single checkbox in the General settings to make this change throughout the program.

•  Sale-Year Cap Rate: Choose Year-by-Year – Nothing lasts forever, not even market cap rates. You might want to test scenarios where the so-called “terminal cap rate” — the rate you expect to be in play in the future — rises or falls over time. Now for every potential resale year, you can elect to use a different cap rate if you like.
• Syndication Fees – Users of our Partnership Analysis module have been asking for the ability to handle syndication fees, and of course we listened. Account for acquisition or disposition fees, as well as ongoing asset management fees.
• New Report Templates for Graphic and Property Narrative – You now have two free-form pages where you can create your own report pages. One is designed to accommodate a graphic. It could be a property photo, floor plan, map — any image file. The other is a property narrative, where you can use as much or as little of two text columns to tell this property’s story. You can style the text, as well as create paragraphs and headings.
• Globally adjust view +10% +25% etc. – Perhaps your desktop has one screen resolution and your laptop something totally different. And maybe neither of them looks good in the default view when you open the program. In the past you had to change the “zoom” setting for each worksheet individually, but we’ve added a function that allows you to apply a global view setting across all the sheets. So whether you want big type or small, the solution is a click away.
• Even more – Drag and drop the order of reports when printing; get help from improved and expanded documentation, cell notes, and knowledgebase

Yesterday we released build 1.12 of REIA Pro which fixes two minor issues:  first, the Hide Taxes option was not working correctly with one report and second, we have implemented an improvement to the code which controls the saving and closing of the workbook so that you will not be prompted to save the file if you have not made any changes.

All customers who have a license of the REIA Professional v17 software are encouraged to update their software.  Just click on the “Check for Updates” button on the Welcome worksheet, or login to your account at realdata.com to get the latest installer file.

Need waterfall returns for your equity partners in your development projects?  You asked and we have delivered by adding this new feature to both our On Schedule and C/I Development programs.  This feature is available at no charge to customers with licenses of the latest versions of these products.  At this time, this feature is available for Windows products only.

Update your software to version 5, build 1.16 for On Schedule and version 6, build 1.17 for CID by clicking on the “Check for Updates” button on the Welcome worksheet of your product, or by logging into your customer account and downloading the latest installer file.

What are Waterfall Tiers?

With this new option, you can now configure IRR achievement hurdles for your limited partners / non-managing members. Enter up to four different tiers with different IRR rates, just as in our REIA Professional program.

If you have a license of a previous version of On Schedule or CID, consider upgrading to gain access to this and other powerful new features.  See our upgrade page for pricing and more information.