NIC tracks occupancy rates, inventory levels, absorption volumes, supply growth, construction starts, asking rents, and annual rent growth for the seniors housing and care property markets within 140 metropolitan markets across the United States.
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:
- 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).
- 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).
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