planEASe Software Version 10 - 2001

Major new items are: combine cash flows from multiple investments/analyses, Unit Sales, multiple construction phases, Edit/Development Spending.

V10.00 Enh - Lease Analysis
Lease Analysis has been modified to accept analysis based on negative revenues as well as positive. This facilitates analysis of leases on an after tax basis, to compare with other alternatives such as purchase and/or build to suit. See our Cost Comparison sample for an example of this capability.
V10.00 Enh - Cash Flow Analysis
Utilities/Cash Flow Analysis has been enhanced to allow you to combine cash flows from multiple investments/analyses in one cash flow analysis. Access this new capability by choosing File/Import Cash Flows, and then choosing the new Combine Cash Flows ... button in the Import Cash Flows Dialog. You may specify any number of Assumption Sets as you want, and then save the specification for later use when you change one of more of the Assumption Sets, so that you may re-do the combined analysis with no additional effort. The combined cash flows are sorted by date for your easy comprehension and presentation of the combined results.
V10.00 Enh - Development Spending
We have added a new capability to input development projects at Edit/Development Spending. In addition to providing an incredibly easy data input process, this Development Spending Dialog provides the ability to specify the parameters for a Construction Draw loan and the Permanent Loan to take the Draws out at the end of the development project. Both loans are linked to the development spending items, so when you change the amount of a spending item, the loans are automatically adjusted. This capability is compatible with all elements of planEASe, including Basic, Sensitivity, Detail and Risk analysis, as well as the Partnership Models and the Monthly Extension. This capability eliminates the previous need to set Substitute Basis and structure separate Draw Loans for development projects, as well as adding new and realistic capabilities for Sensitivity and Risk Analysis of such projects.
V10.00 Enh - Unit Sales
We have added an entirely new analysis capability - Unit Sales - for our users who have the optional Monthly Extension. Unit Sales developments include land development, subdivisions, and condo conversion, for instance. Use this capability any time you are dividing a property, developing it, selling the pieces, and, therefore, are taxed as a dealer (yes, the analysis is valid after tax). Pop up the Unit Sales dialog box (at Edit/Unit Sales...) to enter the costs for the development, schedule the sales of the units, and specify the draw loan parameters (the draw loan is structured as a revolving line of credit, so you can include multiple construction phases in your development). Entering the specifications on a single screen makes the assumption entry process a breeze. Press OK and the analysis is ready to go. The loan is linked to both the costs (for draws), and unit sales (for repayments), so if you vary any of these items the loan automatically adjusts, and the tax ramifications are changed as well. Global assumptions like Price Multiplier and Cost Multiplier make it easy to perform powerful what-if analysis with the planEASe Sensitivity and/or Risk analysis capabilities.
V10.02 Enh - Unit Sales Draw Loan
Many users of the new Unit Sales Capability have asked for better visibility of the Unit Sales Draw Loan. We have added a Unit Sales Draw Loan report to the Report Menu in the Unit Sales Dialog, displaying the Loan Balance for the draw loan during the project.
V10.02 Enh - Unit Sales Draw Loan
Several home builders have suggested that the Unit Sales Draw Loan be discharged by payments consisting of a percentage (exceeding 100%) of the Standard Cost for the Units sold. Effective with version 10.02, if you enter a percentage exceeding 100% in the Draw Discharge Rate, the loan payments will be computed as that percentage of the Standard Cost.
V10.02 Enh - Development Spending Draw Loan
Now, with Assumption Sets containing either a Development Spending Draw Loan, or a Unit Sales Draw Loan, if you conduct Sensitivity or Risk Analysis using the Loan Amount as the Measure, the amount reported will be the maximum loan balance for the draw loan.
V10.02 Enh - Development Spending Draw Loan
The Audit Window for both the Unit Sales Draw Loan and the Development Spending Draw Loan has been changed to show the Draw Loan Balance at the end of the period (either Month (in Monthly Mode) or Year (in Annual Mode))
V10.02 Enh - Development Spending Dialog
When recovering existing specifications into the Development Spending Dialog or the Unit Sales Dialog, the default filename was Untitled. This has been changed so the default filename is the name of the Assumption Set.
V10.02 Enh - Unit SalesV10.02 Enh - Depreciation Deduction
The Economic Stimulus Bill signed into law in March 2002 allows certain (significantly restricted) Tenant Improvements to qualify for an immediate 30% depreciation deduction, with the remaining 70% to be depreciated over the normal 39 year life as under previous law. This treatment is sunsetted at the end of 2004 in the Bill. To implement this treatment in version 10.02 and beyond for a $10,000 TI incurred February 2003, add a Depreciation Page, Page Title as you prefer, Depreciable Amount $3,000, Depreciable Life 1 year, Depreciation Start Date 2.03. Then use Edit/Add Sub Page Depreciable Amount $7,000, Depreciable Life 39 years, Depreciation Start Date 2.03.
V10.02 Enh - Development Spending and Unit Sales
The format of the Project Cost Schedule Reports in both Development Spending and Unit Sales has been improved to better show the cost items which are spread over multiple months. Our thanks to Virgil Kemp for suggesting the improvements during a planEASe Class.
V10.03 Enh - Unit Sales and Development Spending Cost Grids
In both the Unit Sales and Development Spending Cost Grids, the Measure column allows you to add as many measures as needed by typing over the default Each measure. Now you can also rename any measure (other than Each) by typing over it in any item where it has been chosen, and any other usages will be updated to the new name automatically. Now you may also delete any measure (other than Each and SqFt) by highlighting the measure name and pressing the delete key. All items using that measure will be changed to use Each.
V10.00 - 10.05 - Fixes
  1. In Lease Analysis, requesting Print/Print in the Lease View and then choosing to print All Leases with page numbering turned on, the page number would repeat rather than increasing properly. Thanks to John Ennis, CCIM for the report.
  2. Depreciation pages using the default value of zero for the Depreciation Start Date (at acquisition) did not produce the normally expected depreciation. The work-around is to explicitly declare the Start Date to be the Acquisition Date, but we consider this problem to be so central that we provided everyone shipped version 10 with a replacement CD containing version 10.01, fixing this problem. Introduced in version 10 and fixed in 10.01
  3. Using the new Edit/Development Spending... capability, in some situations, if you used a Permanent Loan Amount Method different from % of total Draw Loan Balance and then saved the Assumption Set, the next time you loaded that Assumption Set, the method was reset to % of total Draw Loan Balance from your previous choice, and the method would have to be reset. Additionally, if you chose not to use a draw loan, but did specify a Permanent Loan, the amount of the loan was generally in error. Thanks to Dean Cotlow, CCIM SIOR for the very fast and complete report. Introduced in version 10 and fixed in 10.01
  4. If you were in a Partnership Model, in either the Unit Sales Dialog or the Development Spending Dialog, and accessed File/Open Unit Sales ... or File/Open Development ... you would see RP Assumption Sets rather than the new Development Spending or Unit Sales files. Introduced in version 10 and fixed in 10.01
  5. The new Accrue by Period growth methods introduced in Version 9 mis-computed if used for Continuation Pages in Monthly Mode. Thanks to Beau Stoneman CCIM for his well documented report. Introduced in version 9 and fixed in 10.01.
  6. The Prepayment Penalty, Payment Override and Balloon Payment Due fields in the new Permanent Loan Page of the new Development Spending capability did not function properly. Thanks to Dane Hillyard for the report. Introduced in version 10 and fixed in 10.02.
  7. In both Unit Sales and Development Spending, the Mos (Expenditure Months) Column entry was designed for amounts of 1 month or more, but entries of 0 were accepted. Likewise, the various date fields in the new dialogs accepted 0 entries. Furthermore, entry of dates before and at Acquisition as well as after the end of the Holding Period were accepted. This caused a trapped computations error, so all analysis functions and audits would not work. A similar problem for Unit Sales Std Cost (Standard Cost) Column entries existed. Eliminating the 0 entries in the Dialog solves the problem. Zero entries are no longer permitted. Introduced in version 10 and fixed in 10.02.
  8. In Unit Sales, if the combination of the Start Date and the Expenditure Months for a Unit Sales Item extended beyond the end of the Holding Period, and a Draw Loan was requested, a trapped computation error occurred. Thanks to Brad McGill for the report. Introduced in version 10 and fixed in 10.02.
  9. In Edit/Development Spending, if you entered an Item Amount (Price/Item times Quantity) of $100 or less, the Development Spending Dialog handled it properly, but when the Dialog was posted to planEASe pages, the amount was interpreted as a percentage of the Price of Property, resulting in either 0 or an outlandish amount for the Item. Thanks to Joe Turner CCIM for the report, and his patience. Introduced in version 10 and fixed in 10.02.
  10. In Edit/Development Spending, if you increase a Spend Date so as to cause spending beyond the until date of the Draw Loan, the until date (which is the Origination Date of the Permanent loan, if a permanent loan is specified) is automatically increased to occur after the end of the last spending. Unfortunately, if you decreased the time of the last scheduled spending, the system would not let you decrease the until date correspondingly. Introduced in version 10 and fixed in 10.02.
  11. In Utilities/Cash Flow Analysis, if you chose Import/Combine Cash Flows, and included the Current Assumption Set rather than choosing a saved Combination, the Investment Name did not post to the automatic comment. Introduced in version 10 and fixed in 10.02.
  12. In Edit/Unit Sales, we have added a Unit Sales Profit report showing in summary, the sales, cost, and, if a draw loan is specified, the interest costs, leading to the currently planned profit.
  13. If you used one (or more) of the new Exp -%ei pages, and chose a Sale Price Method of Cap Current NOI, the NOI on which the Sale Price was based would typically be slightly understated. Thanks to David Sindusuprono for the report. Introduced in version 9 and fixed in 10.02.
  14. Development Spending and Unit Sales Titles (such as "Hard Costs", etc.) were inadvertently shown in Detail Analysis grids and graphs. Introduced in version 10 and fixed in 10.02.
  15. In Income Statements for projects using Construction Draw loans, the Net Sale Proceeds for the year(s) that the Construction Draw was outstanding were misstated due to a sign reversal on the loan repayment. Thanks to Marc Weinberg for the report. Introduced in version 10 and fixed in 10.02.
  16. The new Unit Sales Draw Report mis-computed if you entered a number of loan points without specifying a draw loan maximum amount. The loan itself computed properly -- only the Report was wrong. Thanks to Steve Altman for the detailed report. Introduced in version 10.02 and fixed in 10.03.
  17. If you specified a Development Spending Draw loan, the total amount of the loan was erroneously shown as interest expense in Basic Analysis and Income Statements, thereby mis-stating after tax results. Thanks to Gene Trowbridge, CCIM for the detailed report. Introduced in version 10.02 and fixed in 10.03.
  18. The revised Development Spending Project Cost Schedule Report misstated items spread over 2 or more months. Thanks to Jim Langdoc for the detailed report. Introduced in version 10.02 and fixed in 10.03.
  19. In the Partnership Models, if the Holding Period was greater than 33 years and you specified a Partnership fee Type 2 (%of Effective Income) there was an Error 9 causing the software to halt. Thanks to Dan Blackford for the detailed report.
  20. In Unit Sales, if you entered one or more cost items without any Unit Names in the Unit Grid, you would receive an error 9 causing the software to halt when re-entering the Unit Sales Dialog. Introduced in Version 10.03 and fixed in 10.04.
  21. In Unit Sales and Development Spending, using the " character in Item Name caused a corrupted Assumption Set file when saved. Introduced in Version 10 and fixed in 10.04.
  22. In Unit Sales Partnership / LLC computations, the Investment Return to Limiteds / Members Assumption was not effective, due to lack of a sale at the conclusion of operations. Now, for (Unit Sales Partnerships only) this assumption applies to all Partnership / LLC income. Introduced in Version 10 and fixed in 10.04.
  23. If you specified interest to be Paid rather than Accrued for the Unit Sales Draw Loan, the interest did not post properly to Debt Service. Thanks to Joe Turner for the report. Introduced in Version 10.02 and fixed in 10.04.
  24. The Unit Sales Cost Schedule Report and the Development Spending Project Cost Schedule Report mis-computed when handling items of quantity greater than 1 spread over more than 1 month. Introduced in Version 10.03 and fixed in 10.04.
  25. In Development Spending, you could not spread an item over more than 2 years in Annual mode. Thanks to Steve Altman for the report. Introduced in Version 10 and fixed in 10.04.
  26. In the Partnership Models, the After Tax Cash Flow for the Limited Partners / Members was misstated. Introduced in version 10.04 and fixed in 10.05. Thanks to Robert Sheppard for his detailed report.
  27. In both Development Spending and Unit Sales, entry of more than about 950 cost items caused the cost reports to miscompute. While not reported, the Unit Sales Summary and Schedule Reports contained the same error. Introduced in version 10 and fixed in 10.05. Thanks to Michael Williams for his detailed report.