Actual Rates Initiative

 

Seniors Housing Actual Rates Initiative


 NIC collects senior housing data on the following:

  • Actual Rates (includes in-place and move-in rates, inaddition to the asking rates currently collected and reported on by the NIC MAP® Data Service), and
  • Leasing Activity (as measured by move-in and move-out velocities).

The Need…

  • The need to have independent third-party aggregated data on actual rates is critically important for benchmarking, strategic planning efforts and day-to-day business operations.
  • By receiving monthly data feeds directly from the corporate level of operators, NIC can efficiently deliver reliable information on asking, move-in and in-place actual rates and move-in/out velocities.

Opportunity & Benefits

NIC is the first to collect and report on this data, providing critical information to operators and investors for bench-marking, strategic planning efforts, and day-to-day business operations.

In addition, Actual Rates data is collected directly from operators’ corporate offices, removing NIC’s need to contact individual properties for data throughout the quarter.

Many seniors housing operators have already committed to provide monthly data feeds to NIC for this Actual Rates Initiative, covering more than 250,000 units of Seniors Housing nationwide.

Of course, all data is confidential and reported only in the aggregate.


“We look forward to not only more of our clients participating in this important initiative, but also having other seniors housing software providers join the effort.”

Craig Patnode, CEO, Eldermark

 

John Cobb “This expanded reporting shows the increasing professionalism and sophistication of the seniors housing operators who are able and ready to report the data in a standard file format with standard field definitions,”

John Cobb, executive vice president and chief investment officer of Ventas


Interested in Participating?

NIC is collecting data from operators of rental seniors housing (independent living, assisted living, and memory care) who have five or more properties. We have expertise in extracting data from industry leading software systems, and can make the process easy for you.



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