National Investment Center for the seniors housing & care industries.NIC (1) (Network Interface Card) See network adapter. See also InterNIC. (2) (New Internet Computer) An earlier Linux-based computer from The New Internet Computer Company (NICC), Palo Alto, CA. National Investment Center For the Seniors Housing & Care Industries Recognized for its objective, research-based resources and publications, and for having the premier networking conference for executive-level financiers and providers, the National Investment Center for the Seniors Housing & Care Industries--or NIC as it is also known--has become one of the most recognizable and well-respected names in the senior living industry. The non-profit organization A non-profit organization (abbreviated "NPO", also "non-profit" or "not-for-profit") is a legally constituted organization whose primary objective is to support or to actively engage in activities of public or private interest without any commercial or monetary profit purposes. traces its roots to 1991, when a handful of seniors housing and care leaders met to discuss their concern about how troubled investments in high-end congregate con·gre·gate tr. & intr.v. con·gre·gat·ed, con·gre·gat·ing, con·gre·gates To bring or come together in a group, crowd, or assembly. See Synonyms at gather. adj. 1. Gathered; assembled. 2. housing during the late 1980s reflected poorly on the entire industry. These forward-looking thinkers--who included Anthony Mullen, Robert Eramian, Al Holbrook and Robert Kramer--decided to form a nonprofit organization Nonprofit Organization An association that is given tax-free status. Donations to a non-profit organization are often tax deductible as well. Notes: Examples of non-profit organizations are charities, hospitals and schools. to educate major sources of capital about the industry and, thus, stimulate efficient capital formation based on sound, research-based information. The new organization started with an annual conference, the first to bring the financial and provider sectors together in productive exchange. Almost since its beginning, approximately 1,000 senior living financiers, operators and owners/operators attend the annual conference. NIC used conference proceeds to fund original research on topics important to the seniors housing and care industry. These publications and resources include information related to investment, financing and development of product types along the retirement housing and long-term continuum. For example, the annual Lender and Equity Survey provides a thorough review of the financing preferences of lenders known to be active in the industry, as well as the valuation criteria and investment appetite of equity participants. In 1999, NIC focused on using new technology to bring even more timely information to seniors housing and care professionals through the introduction of its web-based Key Financial Indicators. Each quarter, financial and performance indicators are reported to NIC by the nation's leading lenders, owners/operators and appraisal professionals. This information, including loan volume, loan performance, occupancy rates, move-in rates and capitalization rates Capitalization Rate According to the Appraisal Institute, it is a method used to convert an estimate of a single year's income expectancy into an indication of value in one direct step, by dividing the income estimate by an appropriate rate. , are then gathered and posted for free on www.NIC.org. Other resources on the Web site include a Market Index Watch with three stock market indices Commonly used stock market indices include: Global Large companies not ordered by any nation or type of business (in alphabetical order).
n. A living arrangement in which people with special needs, especially older people with disabilities, reside in a facility that provides help with everyday tasks such as bathing, dressing, and taking medication. , REIT REIT See: Real Estate Investment Trust REIT See real estate investment trust (REIT). and nursing home industries: a Stock Ticker Stock ticker A letter designation assigned to securities and mutual funds that trade on US financial exchanges. with current price, change and number of shares; and an online Lender Locator LOCATOR, civil law. He who leases or lets a thing to hire to another. His duties are, 1st. To deliver to the hirer the thing hired, that he may use it. 2d. To guaranty to the hirer the free enjoyment of it. 3d. where visitors can instantly search for capital providers that fit their criteria. Visitors to the site can also sign up for a free monthly e-newsletter, the NIC Insider, for updates on key industry data trends and new research highlights. The Web site was expanded in 2001 to include the subscriber-based NIC Executive Circle. This service allows participation in quarterly conference calls with industry experts discussing hot-topic issues Subscribers are able to contribute questions to a poll that are posed to a select group of leading investors and operators, which are then discussed during the calls. Online, subscribers can get transcripts from the calls and results from the polls--unavailable anywhere else--as well as access the Key Financial Indicators archives, which can be customized in a PowerPoint program for persona use. Recognizing the industry's need to educate up-and-coming talent, NIC has collaborated with Johns HopKins University Johns Hopkins University, mainly at Baltimore, Md. Johns Hopkins in 1867 had a group of his associates incorporated as the trustees of a university and a hospital, endowing each with $3.5 million. Daniel C. to create the industry's first graduate program devoted to the business of seniors housing and care. Formally launched in 1999, the program includes an Executive Development graduate certificate program, which was developed to help companies involved in this industry prepare their executives for leadership positions. As the industry settles into the new millennium and the demand for seniors housing and care grows, the need for in-depth information--accurate, unbiased and beyond simple demographics--becomes greater. In 2004, NIC will expand its offerings to the industry with a database encompassing the top 30 metropolitan areas in the country. These Market Profiles will provide information on existing supply and new construction, occupancy, pricing, market share and census information. For more information on this new initiative, look for updates in CLTC CLTC Certified in Long-Term Care CLTC Community Long Term Care CLTC Chapter Leadership Training Conference . Robert G. Kramer is the president of NIC. He may be reached at 410-267-0504 or rkramer@nic.org. |
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