NIC MAP Vision FAQs
Answers to Common Questions about NIC MAP Vision
Who uses NIC MAP Vision products?
What are the key solutions that NIC MAP Vision offers?
What are the key solutions that NIC MAP Vision offers?
What business problems does NIC MAP Vision solve for clients?
Do you offer free trial subscriptions?
How do I become a NIC MAP Vision client?
Where do I purchase NIC MAP Vision reports?
What markets does NIC MAP Vision cover?
How do I add or remove users from our subscription?
Where can I find definitions of the metrics in your reports?
Can I obtain performance metrics for a specific senior housing property?
What types of senior housing properties are tracked?
How often is new market data released?
How can my senior housing or active adult community participate?
GENERAL INFORMATION
What is NIC MAP Vision?
Launched in 2004, NIC MAP Vision is a web-based suite of research and analysis tools that tracks and reports senior housing and care data across the entire U.S. The platform also offers rate, occupancy, construction, and transaction data for more than 15,000 properties within 140 U.S. metropolitan markets.
A subscription to NIC MAP Vision lets you quickly identify senior housing and retirement community markets that present potential opportunities, measure your property’s position and performance in the market, access local performance benchmarks, and obtain useful standardized market-level metrics.
NIC MAP Vision offers the most comprehensive combination of supply and demand data for the senior housing industry nationally. Demand data contains demographics, income, wealth, and construction costs, among other metrics, while supply data includes inventory, occupancy, and rate data segmented by property type (active adult, independent living, assisted living, memory care, and nursing care). The platform also provides access to a number of quarterly reports for the senior housing and care industry that are available without a subscription: Seniors Housing & Care Market Performance Report, Metro Market Reports, Inventory & Construction Reports, RCA/NIC Seniors Housing and Care US Quarterly Report, MAP Monitor and Construction Monitor.
Contact us or call (844) 668-3282 to speak with a member of our sales team to learn more about our product offerings.
Who uses NIC MAP Vision senior housing data and analytics products?
Our constituents include owners, operators, developers, capital providers, brokers, and other stakeholders within the senior housing industry. These groups rely on our data to conduct market research, perform due diligence, underwrite, monitor portfolio performance, and track industry and market trends.
Senior housing operators can also use our data to identify and connect with healthcare providers and non-medical vendors. Likewise, we offer resources for healthcare and non-medical vendors to connect with operators and other industry stakeholders.
What are the key solutions that NIC MAP Vision offers?
We offer a wide range of solutions and tools that address the full spectrum of senior housing real estate needs, from research to marketing, to sales enablement. Unlike other data and research firms that only focus on supply data, we gather, validate, analyze and deliver intelligence for supply, demand and operations.
Contact us or call (844) 668-3282 to speak with a member of our sales team to learn more about our products and services.
What do NIC MAP Vision’s solutions provide?
NIC MAP Vision provides powerful geospatial market analysis tools that give operators, lenders, investors, developers, and industry partners the necessary information to make informed decisions with more confidence and in less time.
We empower clients with comprehensive data, including financial information, to inform marketing efforts, business intelligence, and benchmarking tools that span the needs of the senior housing sector. Our data informs your smart decisions around demand, supply, market fundamentals, migration, labor, marketing, sales, and much more.
What business problems does NIC MAP Vision solve for clients?
- Disparate solutions become a single source: Our clients get a single source of comprehensive data, research and analysis that helps them connect the dots of senior housing supply, demand, and operations decisions.
- Ambiguous data becomes clear and accurate: Our proprietary performance data is the industry’s gold standard. We have the most complete and comprehensive inventory data set of senior housing properties in the country. We source data directly, so you get a single source of truth for making decisions confidently and quickly.
- Inefficient data collection becomes fast and easy: If your team is digging for data, it’s taking dozens – even hundreds – of hours to pull and analyze that information. Leave the digging to us; NIC MAP Vision provides the full spectrum of data, research and analytics for the senior housing sector. It’s accurate, it’s regularly updated, and it’s from our trusted sources.
- Costly risks become calculated assessments: The senior housing sector is notoriously opaque. We help you stay up to speed on the competition, from investment opportunity research through pricing strategies, business partnerships and buyers. Go into deals and markets with eyes wide open for a more transparent and accurate view of the marketplace.
Do you offer free trial subscriptions for the NIC MAP Vision platform?
Yes, we do offer a free trial. Speak to a product expert for more information.
How do I become a NIC MAP Vision client?
For access to our database of seniors housing and care properties and market insights, contact us or call (844) 668-3282 to speak with a member of our sales team.
Where do I purchase NIC MAP Vision reports?
Reports can be purchased without a subscription through the NIC MAP Vision online store. Our quarterly reports include Senior Housing and Care Market Performance Reports, Metro Market Reports, Inventory and Construction Reports, Construction Monitor, NIC MAP Monitor and the RCA-NIC Seniors Housing & Care U.S. Quarterly Report.
What U.S. markets does NIC MAP Vision cover?
The supply and demand data available through Market Insight (demographics, income, wealth, building details, labor data, construction costs, etc.) covers all markets nationally. Our rate and occupancy data and time-series data are collected from 140 metropolitan markets. View our metro market coverage map for a list of markets and counties in which we currently track senior housing and care rate and occupancy trends.
ACCOUNT INFORMATION
How do I access my password?
Current NIC MAP Vision clients can visit visionltc.nicmapvision.com to access the client portal, where you can request to change your password. If you experience difficulty logging in, please contact Client Services at support@nicmapvision.com.
How do I add or remove users from our subscription?
Account Administrators can submit add and removal requests through the Account page located in the client portal or contact Client Services at support@nicmapvision.com. Requests will be received and processed within two business days.
Where can I find definitions of the metrics in your reports?
Our glossary provides a quick reference guide to definitions of terms used throughout the NIC MAP Vision website.
DATA COLLECTION/CONFIDENTIALITY
How is data collected?
Each quarter, we collect performance data on 15,000 senior housing and care properties. Approximately 80% of these properties are contacted directly, and 20% provide data at the corporate level through workbooks and rate rolls. Once collected, the data is reviewed and audited for accuracy.
What data is collected?
NIC MAP Vision provides proprietary, quality data to senior housing stakeholders. We have a dedicated quality assurance team that is constantly verifying and updating the data we offer clients. We pull data directly from operators, not from third parties. Unlike other data providers that only collect information yearly, depending on access, NIC MAP Vision clients are able to receive:
- Weekly reporting of sales transactions
- Monthly supply updates
- Three-month rolling data updated monthly for occupancy and inventory metrics
- Quarterly reporting of core market fundamentals data
Inefficient data collection becomes fast and easy: If your team is digging for data, it’s taking dozens – even hundreds – of hours to pull and analyze that information. Leave the digging to us; NIC MAP Vision provides the full spectrum of data, research and analysis for the senior housing sector. It’s accurate, it’s regularly updated, and it’s from our trusted sources.
Can I obtain performance metrics for a specific property?
NIC Map Vision has a data confidentiality agreement with all data contributors to ensure that their individual performance data will be kept confidential. This agreement prohibits NIC Map Vision from releasing metrics for a specific senior housing property. Quality controls have been implemented to ensure that data is handled responsibly and remains confidential.
What types of senior housing properties are tracked?
We strive to have a census of all market-rate (non-subsidized) seniors housing and care properties that meet our minimum size requirements. Independent living and assisted living properties must have at least 25 units, and nursing care properties must have at least 25 beds to be included in our data collection. Occasionally smaller properties will be included if they are deemed competitive.
How often is new market data released?
Senior housing and care market performance data is released on an intra-quarterly, and quarterly basis, construction planning data is uploaded to our website monthly, and sales transaction data is released weekly. We also provide current demographic data that can be paired with our market data to show you a full picture of supply and demand metrics.
How can my senior housing or active adult community participate?
To begin submitting property data as part of the NIC MAP Vision quarterly data collection effort, please contact us.