ANNAPOLIS, MD. — Beth Burnham Mace has become the first-ever chief economist for NIC and the seniors housing and care industry, the organization announced Monday. In this new position, which she began March 10, Mace also serves as director of capital markets outreach. Her economic forecasting experience spans more than 25 years.
Prior to joining NIC, Mace was a director with AEW Capital Management in AEW’s research group. 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.
In addition to Mace assisting NIC with its mission to facilitate informed investment decisions in the seniors housing and care industry through outreach to the capital markets, she will collaborate with NIC’s research and analytics team in the development of data products, the shaping of analytics and advancing NIC’s research initiatives.
“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.
As a member of NIC’s board of directors and chair of NIC’s research committee and as one of the organization’s most active volunteer leaders, Mace is already familiar with NIC and plans to capitalize on her previous accomplishments.
In these roles, Mace helped develop NIC MAP’s seniors housing and care property type definitions, led NCREIF’s initiative for seniors housing investment performance indices, and initiated NIC’s strategic alliance with Real Capital Analytics (RCA) for the reporting of property sales transactions data.
In her position of chief economist and director of capital markets outreach, Mace will serve as a member of NIC’s senior management team and will report to the president.
“I am very excited to be joining the NIC staff,” says Mace. “I look forward to helping improve transparency in the sector and seeing seniors housing become one of the more traditional commercial real estate investment property types for both equity and debt providers in the years ahead.”
Mace holds a bachelor’s degree from Mount Holyoke College in South Hadley, Mass., and a master’s degree from the University of California.
NIC, more formally known as the National Investment Center for the Seniors Housing & Care Industry, is a 501(c)(3) organization whose mission is to facilitate informed investment in the seniors housing and care industry. The organization’s NIC MAPData and Analysis Service tracks more than 12,600 properties on a quarterly basis in the 100 largest metropolitan markets.
— staff reports