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SENIOR HOUSING ANALYSIS <br /> TABLE SH-2 <br /> SENIOR HOUSING <br /> CITY OF ELK RIVER <br /> October 2015 <br /> (Continued) <br /> Unit Mix/Sizes/Rents I <br /> Year No.of No. Monthly Rent/ <br /> Project Name/City Built Units Vacant No. Type Sizes Sale Price Comments <br /> Affordable/Subsidized <br /> Angel Ridge 1992 53 0 52- 1BR 540 30%of AMI 62+. Guardian Angels. HUD 202-Section 8. Provides noon meals. <br /> 280 Evans 0 1- 2BR 800 30%of AMi <br /> (Subsidized) <br /> Guardian Oaks 1980 62 0 60- 1BR 540 30%of AMI 62+. Guardian Angels. HUD 202-Section 8 subsidised.The rent per unit varies <br /> 350 Evans Avenue 0 2-2BR 800 30%of AMI on case by case basis per the tenants needs.Disabled/medical demands, <br /> (Subsidized) modified units. <br /> Affordable/Subsidized Subtotal 115 0 0% Vacancy Rate <br /> Adult/Few Service Total 322 3 1% Vacancy Rate I <br /> Assisted Living <br /> Guardian Angels by the Lake 1998/ 60 0 58- 1BR 440- 520 $2,517-$2,891 55+. Guardian Angels. Personal Care a-la-carte and can run from$330 to <br /> 13439 185th Lane 2012 0 2 - 2BR 650 $3,127 roughly$3,000. Avg=84. Wait list. <br /> Memory Care <br /> Guardian Angels by the Lake 1998/ 30 0 22-Studio 324 -354 $2,331- $2,442 55+. Guardian Angels. Personal Care a-la-carte and can run from$923 to <br /> 13439 185th Lane 2012 0 6 1BR 456 $2,708 roughly$3,500.Avg Age=84. <br /> 1 2 2BR 745 $3,462 <br /> Overall Senior Housing Total 412 4 1.0% I <br /> Source: Maxfield Research&Consulting,LLC <br /> MAXFIELD RESEARCH INC. 54 <br />