The Local Property Search tool allows you to survey the senior living landscape in your chosen market area. This tool will enable you to search for competitive properties, assess local market conditions/trends, view construction activity and view sales transactions. The Local Property Search Tool is available with a Local or Professional subscription to the NIC MAP Data Service.

Rent, Occupancy, and RPI data in the Local Property Search Tool comes from the extensive surveys conducted by the NIC MAP Data Service data team. Each quarter, the NIC MAP Data Service surveys over 15,000 properties in 140 markets through rent roll submissions, direct calls, or web-based surveys and then aggregates the results across the tools in the NIC MAP & VisionLTC platforms.

The Cube In Code Metrics, which have historically been accessible in the NIC MAP Property Advisor Report (PAR), have now been made available as part of a series of metrics that have been rolled into the VisionLTC platform for dual subscribers of NIC MAP and VisionLTC products.

To access this module in VisionLTC, you'll need a Local or Professional subscription to the NIC MAP Data Service. If you are not a current subscriber of NIC MAP, please reach out to support@nicmapvision.com or your primary client success contact. We are happy to provide more information on the service and the data available within.

The first step to utilizing Local Property Search is performing a search. Searches can be conducted for an address, or for a geographic extent like a city, county, or state. If your site does not yet have an address, the search function also accepts latitude/longitude coordinates.

Press Enter to zoom the map to your search location. A listing of properties will appear in the Results window that correspond to the Property Pins on your visible map.

You can also view the Site Information Report for your site or geography by clicking "View SIR ↗" in the search bar, or by clicking the white-starred property pin that appears in the center of your map.

Filters allow you to identify properties within your visible map area based on multiple criteria like Majority Type or Age. This can be helpful when creating a Property Advisor Report to limit the properties that most closely compete with your subject property. If you use filters frequently, you can

To view filters, click the → on the Filter Inventory menu. The Apply Filters button will refresh your map to the current selections that you have made.

You can also identify a market area around your site/location, based on either: a miles radius, an omni-directional drivetime, or a custom polygon. Once you identify this market area, you can select all properties within that area by checking the box in the Results window corresponding to that area.

The visible map can display hospitals in the area or planned properties in the area by modifying the key in the top right corner.

Clicking on individual property pins will allow you to either Add to Comps (checks the box on the Results window) or View Property Information Report.

In addition to the options mentioned above, you can also select properties individually in the Results window. Once you have selected a sufficient number of properties, you will be given the option to run a Property Advisor Report (PAR). The PAR provides market rent, occupancy, and RPI data for the properties you have chosen.

In order to run the PAR, your selection needs to contain at least 4 different properties from 4 different Operators. This is done to protect the individual anonymity of our data contributors. Each PAR is limited to 50 properties -- larger aggregations of data are available with NIC MAP Professional and the Trends Tool.

In the same manner that you can search for properties in the area, you can also search for properties in the area that have changed hands in the last two years. This search can be conducted by selecting the Transactions tab in the Local Property Search window, and then conducting filtering in a similar fashion to existing Inventory in the previous step.

Property Advisor Reports can be saved after they are opened by clicking Save Report in the top right corner.

Saved searches can be conducted again by selecting from the Saved PARs tab of the Local Property Search window, and then pressing "Open Selected." Ultimately, an up-to-date version of the PAR will be displayed upon page load.