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Chief economist a first for NIC

March 18, 2014
by Lois A. Bowers, Senior Editor
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The National Investment Center for the Seniors Housing & Care Industry (NIC) has named what it says is the first chief economist for the organization and industry. Beth Burnham Mace also is serving as director of capital markets outreach for the nonprofit research and data provider.

“She will leverage not only NIC’s various data time series, but also numerous economic, demographic and financial data series to provide insights into the market dynamics of seniors housing and care,” says Chuck Harry, managing director and director of research and analytics with NIC.

Mace formerly was a member of the NIC Board of Directors and chaired the NIC Research Committee. “I am very excited to be joining the NIC staff,” she says. “I look forward to helping improve transparency in the sector and seeing senior housing become one of the more traditional commercial real estate investment property types for both equity and debt providers in the years ahead.”

Mace has more than 25 years of economic forecasting experience. Before joining NIC, she was a director with AEW Capital Management in AEW’s Research Group. There, she worked with the firm’s direct investment group to provide primary research support to its core and value-added investment strategies and supported the group in underwriting, asset and portfolio management decisions.