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SENIOR HOUSING ANALYSIS <br />CONTINUUM OF HOUSING AND SERVICES FOR SENIORS <br />Fully Independent <br />Lifestyle <br />EJSenior Housing Product Type <br />Source: Maxfield Research & Consulting, LLC <br />Senior Housing in Elk River <br />Fully or Highly <br />Dependent on Care <br />As of October 2015, Maxfield Research identified nine senior housing developments in Elk <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 and manages 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 project. <br />TABLE SH -1 <br />SENIOR HOUSING UNITS BYTYPE <br />CITY OF ELK RIVER <br />October 2015 <br />Active Adult/Few Services <br />Ownership MR Rental AFF /Sub. Rental Assisted Living Memory Care <br />124 83 115* 60 30 <br />* All units are subsidized. There are no designated affordable senior units in Elk River. <br />Source: Maxfield Research & Consulting, LLC <br />Market Rate Senior Projects <br />• We identified five existing adult /few service senior project in Elk River with a total of 207 <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 development built in 2005 and <br />is a cooperative ownership product with 65 units. The remaining products are 10 years and <br />older. <br />MAXFIELD RESEARCH & CONSULTING, LLC. 52 <br />Townhome or <br />Congregate Apartments w/ Optional <br />Single - Family Home <br />Assisted Living <br />Nursing Facilities <br />Apartment <br />Services <br />Age- Restricted Independent Single - Family, <br />Congregate Apartments w/ <br />Memory Care <br />Townhomes, Apartments, Condominiums, <br />(Alzheimer's and <br />Cooperatives <br />Intensive Services <br />Dementia Units) <br />Fully Independent <br />Lifestyle <br />EJSenior Housing Product Type <br />Source: Maxfield Research & Consulting, LLC <br />Senior Housing in Elk River <br />Fully or Highly <br />Dependent on Care <br />As of October 2015, Maxfield Research identified nine senior housing developments in Elk <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 and manages 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 project. <br />TABLE SH -1 <br />SENIOR HOUSING UNITS BYTYPE <br />CITY OF ELK RIVER <br />October 2015 <br />Active Adult/Few Services <br />Ownership MR Rental AFF /Sub. Rental Assisted Living Memory Care <br />124 83 115* 60 30 <br />* All units are subsidized. There are no designated affordable senior units in Elk River. <br />Source: Maxfield Research & Consulting, LLC <br />Market Rate Senior Projects <br />• We identified five existing adult /few service senior project in Elk River with a total of 207 <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 development built in 2005 and <br />is a cooperative ownership product with 65 units. The remaining products are 10 years and <br />older. <br />MAXFIELD RESEARCH & CONSULTING, LLC. 52 <br />