Laserfiche WebLink
SENIOR HOUSING ANALYSIS <br />CONTINUUM OF HOUSING AND SERVICES FOR SENIORS <br />Congregate Apartments w/ Optional <br />Townhome or <br />Single-Family HomeAssisted LivingNursing Facilities <br />Services <br />Apartment <br />Age-Restricted Independent Single-Family, Memory Care <br />Congregate Apartments w/ <br />Townhomes, Apartments, Condominiums, (Alzheimer's and <br />Intensive Services <br />CooperativesDementia Units) <br />Fully Independent Fully or Highly <br />LifestyleDependent on Care <br />Senior Housing Product Type <br />Source: Maxfield Research & Consulting, LLC <br /> <br />Senior Housing in Elk River <br />As of October 2015, Maxfield Research identified nine senior housing developments <br />River. These projects contain a total of 412 units. Three of the projects are subsidized, while <br />the remaining six are market rate. Guardian Angels owns andmanages seven of the nine <br />properties. <br />Table SH-1 provides information on the total units by product type and Table SH-2 shows <br />detailed information on each development including year built, number of units, unit mix, <br />number of vacant units, rents, and general comments about each p <br /> <br />TABLE SH-1 <br />SENIOR HOUSING UNITS BY TYPE <br />CITY OF ELK RIVER <br />October 2015 <br />Active Adult/Few Services <br />OwnershipMR RentalAFF/Sub. RentalAssisted LivingMemory Care <br />12483115*6030 <br />* All units are subsidized. There are no designated affordable <br />Source: Maxfield Research & Consulting, LLC <br /> <br /> <br />Market Rate Senior Projects <br /> <br />We identified five existing adult/few service senior project in Elk River with a to207 <br />units. Two of the developments are ownership (124 units) and the other three are rental <br />(83 units) buildings. Pullman Place is the newest market rate devel <br />is a cooperative ownership product with 65 units. The remaining <br />older. <br />52 <br />MAXFIELD RESEARCH & CONSULTING, LLC. <br /> <br />