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Frequently Asked Questions General Inquiries
NIC MAP is a quarterly data and analysis service, tracking revenue, occupancy, supply and construction data in America’s Top 100 Metro Markets. NIC MAP’s data and analytics provide valuable market data to owners/operators, lenders/investors, market consultants and appraisers allowing them to identify new opportunities and manage risk. What types of seniors housing properties does NIC MAP track? NIC MAP currently tracks market rate (25+ beds/units) Independent Living, Assisted Living, Dementia Care and Nursing Care properties. Metrics are tracked for freestanding, combined & CCRC property types. What metrics does NIC MAP track? NIC MAP tracks supply, demand and revenue metrics each quarter including absorption, construction, inventory, occupancy and REVPOR. What metrics are not currently tracked by NIC MAP? NIC MAP does not currently track cap rate, expense, NOI or transaction related data. Does NIC MAP provide historical trend data? In 2007, NIC MAP released the NIC MAP 31 Metro Market Trend Reports, providing trend data, dating back to 4Q05 on key metrics for each of the top 31 metro markets. Can I obtain performance metrics for a specific property? No. NIC MAP guarantees to all data contributors that their individual performance data will be kept confidential. All of the performance metrics tracked by NIC MAP are aggregated by metro market, submarket or region. Which metro markets are tracked by NIC MAP? NIC MAP currently provides full market coverage for the top 31 metro markets. Supply and construction data is available for the top 100 metro markets. Beginning in 2009, NIC MAP will expand full market coverage to include all of the top 100 metro markets. What percentage of the total U.S. is covered by NIC MAP? The top 31 metro markets comprise 45.5% of the total U.S. population and the top 100 metro markets comprise 65.3% of the total U.S. population. How often is new data released? NIC MAP data & reports are released quarterly (February 28, May 31, August 31 & November 30). How is data collected? NIC MAP contracts with the ProMatura Group to actively survey market rate properties located in each of the top 100 metro markets to obtain proprietary metrics each quarter. This data is then reviewed and audited for accuracy. How much are annual subscriptions? Annual subscriptions begin at $3,900 and range in price, depending on the number of metro markets you wish to access. The Gold subscription level is the highest subscription level, priced at $30,000 and provides access to all of the metro markets NIC MAP tracks and all of the reports and interactive tools available to subscribers. Can I purchase reports without a subscription? Yes, you may purchase Metro Market Reports and Submarket & Supply Data on an ad-hoc basis. Visit our “Purchase Reports” page to purchase reports online, or contact Amber Zirnhelt to order. |
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