2008
NIC MAP™ Training Series
Introductions/Overviews/Intermediate
Techniques
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- NIC MAP Program
1.1 -- Overview of the NIC MAP™ Service
(50 minutes)
- Why is the NIC MAP data
and analysis service important to the seniors housing and care industry?
- The nuts and bolts
of the NIC MAP database
- How to frame the data
- Data collection
methods/frequency of updates
- Metrics
- Accuracy of data
- Markets covered
- Expansion markets
- Accessing NIC MAP data
- Logging in
- Downloading data
- Basic Overview
of the components of NIC MAP
- Sharing of NIC
MAP data
- NIC MAP Program
1.2 -- Digging into the NIC MAP Website
- A. 31 Metro Benchmarker,
Metro Reports and county metrics file (50 minutes)
- Introduction to
the data in the 31 MetroMarket Benchmarker
- Explanations of
the metrics contained within
- Establishing benchmarks
for individual market evaluation
- Why metrics at the
metro level are important
- Setting up spreadsheet
modeling to conduct cross market comparisons
- Setting up modeling
using the NIC MAP county metrics file
- The all county metrics
file
- B. Accessing the interactive
services of NIC MAP (50 Minutes)
- The NIC MAP online
supply and construction database
- Uses
- Accuracy
- Links contained
within
- Mapping, downloading
- Construction
starts
- Expansion market
coverage
- Using the NIC MAP
comp set feature
- Confidentiality
rules
- How to navigate
- Value of the
report/ how to view
- Underwriters Market
Analysis
- How to access/order
- Best uses
Advanced Applications
- NIC MAP Program
2.1 -- Using NIC MAP in Underwriting (50 minutes)
- The framework for getting
a first look into a local submarket
- Evaluating submarket’s
supply/demand fundamentals
- Looking at the individual
property versus the submarket’s characteristics
- Setting up a template/model
to incorporate standard analysis into
- Which components of
NIC MAP are most useful
- Case Study
- NIC MAP Program
2.2 -- Using NIC MAP in Portfolio/Asset Management (50 minutes)
- Which metrics to look
at and how to match up to your portfolio
- Setting up spreadsheet
modeling and comparative metrics
- Using the all county
metrics file
- Figuring variances
- Ongoing reporting
- Case Study
- NIC MAP Program
2.3 -- NIC MAP and Capital Markets – Strategy (50 minutes)
- How to derive the overall
supply/demand fundamentals on a quarterly basis
- Absorption against increases/decreases
in supply
- Building your case for
investor presentations
- How to build forecasting
models – supply and demand
- Case Study
- NIC MAP Program
2.4 -- NIC MAP Market Assessment – (50 minutes)
- Where in the Markets
Assessment report does NIC MAP benchmark data fit?
- Utilizing new metrics
in assessments/appraisals to strengthen analysis
- Setting up a template
that incorporates the NIC MAP benchmark data
- Taking advantage of
the comp set feature and ring tool to verify your findings for obtaining
first looks into a market
- Case Study
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