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Tight rental market <br /> Overall <br /> ➢ 931 units 1 22 projects <br /> ➢ 3.0%vacancy rate 9 -- <br /> Market Rate 1 ti <br /> ➢ 633 units 114 projects . 1 <br /> ➢ 2.4%vacancy rate <br /> (excluding Elk Park Estates) 1 jlil E <br /> ➢ Older rental housing stock f. <br /> ➢ Avg.price per sq.ft.$0.93 <br /> Affordable/Subsidized <br /> ➢ 350 units 1 8 buildings , <br /> • 228 affordable f:A= + ; <br /> • 54 subsidized • s, <br /> ➢ 1.4%vacancy rate <br /> ➢ 137 units built since 2007 <br /> ➢ The Depot and Coachman full at <br /> opening <br /> MMaidfield <br /> 5%Vacancy= Market Equilibrium Research&Con, <br /> Low senior vacancy rates <br /> Market Area Overall <br /> ➢ 412 units 1 9 projects <br /> ➢ 1.0%vacancy rate <br /> Market Rate <br /> 1111111 <br /> ➢ 124 owner-occupied 1 0%vac.rate <br /> ➢ 83 active adult units 14%vac.rate <br /> ➢ 60 assisted living units 1 0%vac.rate <br /> ➢ 30 memory care units 1 3.3%vac.rate <br /> ➢ New AL&MC units built absorbed quickly <br /> ➢ All but 75 market rate units owned& <br /> operated by Guardian Angels L 4 <br /> Subsidized - <br /> ➢ 115 units 10%vacancy rate <br /> ➢ Rents based on income <br /> ➢ Seniors&disabled <br /> ➢ All operated by Guardian Angels <br /> 5%-7%Vacancy = Market Equilibrium Maxfield <br /> 6 <br />