NIC Notes

Insights in Seniors Housing & Care

By: Bill Kauffman  |  July 17, 2019

Future Leaders Council: Critical to the NIC Mission

Seniors Housing

One of the most important elements of success for a business or an industry is the continued development of leadership to ensure that the necessary human capital is available to embrace the challenges of the future, prepare for growth, and navigatcritical issues. NIC and the seniors housing and care sector are no different. Leadership development is essential, especially for the continued success of delivering on the NIC mission which is to support access and choice for America’s seniors by providing data, analytics, and connections that bring together investors and providers. As the need for housing and care increases with an aging population, so too does the need for innovative thinking and the ability to solve the challenges ahead and embrace the opportunities for the future.

Over the years and since its founding in 1991, NIC has been driven by very talented volunteer leadership in its numerous industry initiative committees and in its Board of Directors. These talented volunteer leaders are largely responsible for the success of NIC and the need to have this continue is vital for the industry to continue growing and serving America’s seniors.  An avenue NIC has pursued to ensure this leadership continues is the NIC Future Leaders Council (FLC).  Established in 2009, the Future Leaders Council represents the best and brightest of the industry, which continues to develop emerging leaders within the industry bringing innovative thinking, fresh ideas, and new energy to ensure the industry/NIC is prepared for the future. The FLC has been extremely dedicated over the years and continues to grow into more of an important role for NIC and the industry. For example, the FLC was instrumental in delivering the latest version of the NIC Investment Guide which was released last Fall in 2018. 

The FLC is comprised of only 24 members and given that, it is very selective.  These smart and dedicated professionals come from the companies in the seniors housing and care and finance sectors that have volunteered time and resources to support NIC’s mission. As members of the FLC, these individuals contribute a significant amount of time to the NIC mission which includes working on various NIC committees and task forces and initiatives.  They also get the chance to develop volunteer leadership skills and have ample opportunity to form meaningful professional relationships with current NIC leaders while functioning as an extension of the Board.   

The selection process for the FLC is a highly competitive one, which includes a member application in addition to a nomination submission. Nominations originate from senior level executives within the industry.  The emerging leaders that are nominated are individuals within their companies that represent passion, commitment, strong leadership potential, the ability to think creatively and strategically, in addition to having 5 to 10 years of relevant work experience. The FLC is a three-year commitment, and members meet as a group quarterly. Each class focuses on different NIC initiatives and programs, always working closely with each other, the NIC Board, and various committees and task forces. 

One of the overall goals of the Future Leaders Council is to produce future volunteer leaders for NIC, and truly, the industry and NIC needs this as the next generation cycles through to leadership positions in an industry that is now more than ever in the spotlight given its importance to serving an aging population. Embracing the talent of the FLC is one way NIC is providing a solid path to prepare for the future and continuing to deliver on its mission. 

Please see the link below for current members of the FLC: 

https://www.nic.org/nic/future-leaders-council/senior-housing-investment-members/ 

About Bill Kauffman

Senior Principal Bill Kauffman works with the research team in providing research and analysis in various areas including sales transactions and skilled nursing. He has lead roles in creating new and enhanced products and implementation of new processes. Prior to joining NIC he worked at Shelter Development in investing/acquiring, financing, and asset management for over $1 billion in assets. He also had key roles in the value creation and strategic planning and analysis for over 65 entities. He received his Bachelor of Business Administration in Finance from the College of Business and Economics at Radford University and his Master of Science in Finance from Loyola College in Maryland. He also holds the Chartered Financial Analyst Designation (CFA).

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