NIC is currently engaged in efforts to expand the market fundamentals data for both seniors housing and skilled nursing properties that we collect and report through the following initiatives:
- Actual Rates Initiative: In-place rates as well as move-in rates (which are different than the asking rents currently being collected and reported by our NIC MAP® Data Service), and leasing activity (as measured by move-in and move-out velocities).
- Senior Housing Financial Benchmarking: Revenue and expense line items and trends, as well as NOI and margins.
- Skilled Nursing Data Initiative: Average Daily Rent (ADR) by payor class, patient day mix, overall revenue trends, total operating expenses and profit margin (EBITDAR/EBITDARM).
- Debt Metrics: The National Investment Center for Seniors Housing & Care (NIC) conducts a quarterly survey to further enhance the capital markets information it provides on an aggregate basis.