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HOUSING DEMAND ANALYSIS <br /> We estimate that 40%of the overall demand for memory care housing in the Elk River would <br /> come from outside of Elk River. Demand from both inside and outside of Elk River totals 46 <br /> memory care units in 2015. <br /> We reduce the demand potential by the 30 competitive units (less a 93%occupancy rate). <br /> Subtracting these competitive units decreases the excess memory care demand to 18 units. <br /> Demand is calculated for 18 memory care units in the City of Elk River in 2015. Following the <br /> same methodology, demand is calculated to increase to 28 memory care units through 2020. <br /> MAXFIELD RESEARCH&CONSULTING,LLC 96 <br />