2. HRSR 02-01-2016 - Laserfiche WebLink

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RECOMMENDATIONS AND CONCLUSIONS over the next five years. Based on this demand, we recommend 60 to 80 congregate units with a mix of one-bedroom, one-bedroom plus den, and two-bedroom units. Monthly rents should range from $1,750 for one-bedroom units to $1,950 for two-bedroom units.The monthly fees should include all utilities (except telephone and basic cable/satellite television) and the following services: • I'm OK program; • Daily noon meal; • Regularly scheduled van transportation; • Social, health, wellness and educational programs; • 24-hour emergency call system; and • Complimentary use of laundry facilities. In addition, meals and other support and personal care services will be available to congregate residents on a fee-for-service basis, such as laundry, housekeeping, etc. When their care needs increase, residents also have the option of receiving assisted living packages in their existing units. New independent housing could be developed adjacent to an existing senior campus or in a stand-alone development. • Assisted Living and Memory Care Senior Housing— Based on our analysis, we project demand to support an additional 47 assisted living units and 28 memory care units in Elk River through 2020. Although we find demand, we recommend new units later this decade. Guardian Angels is the primary senior housing provider and they could add new product to one of their existing facilities. We recommend assisted living units include a mix of studio, and one-bedroom, and a few two-bedroom units with base monthly rents ranging from $2,750 to $4,000. Memory care unit mix should be mostly studios and one-bedroom units with a few two-bedroom units for couples with base monthly rents ranging from $3,800 to $5,500. Memory care units should be located in a secured, self-contained wing located on the first floor of a building and should feature its own dining and common area amenities including a secured outdoor patio and wandering area. The base monthly fees should include all utilities (except telephone and basic cable/satellite television) and the following services: • Three meals per day; • Weekly housekeeping and linen service; • Two loads of laundry per week; • Weekly health and wellness clinics; • Meal assistance; • Regularly scheduled transportation; MAXFIELD RESEARCH&CONSULTING,LLC 110