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<br />SENIOR HOUSING ANALYSIS <br /> <br />CONTINUUM OF HOUSING AND SERVICES FOR SENIORS <br /> <br />Single-Family <br />Home <br /> <br /> <br />Fully Independent <br />Lifestyle <br /> <br />Fully or Highly <br />Dependent on Care <br /> <br /> <br />III Senior Housing Products <br /> <br />Source: Maxfield Research Inc. <br /> <br />Arden Hills Senior Market Area Definition <br /> <br />Based on traffic and community orientation patterns, geographic and man-made barriers, and the <br />experience of the Market Area's existing senior housing developments, we estimate that roughly <br />75% ofthe demand for the subject project would come from a draw area that includes the cities <br />of Arden Hills, Mounds View, New Brighton, Roseville and Shoreview. We define this area as <br />the subject property's primary draw or "Market" area. A map of the Market Area is included on <br />the following page. <br /> <br />The remaining portion of the demand (25%) for the subject development will come from outside <br />the defined Market Area. These individuals will include people currently residing just outside <br />the Market Area who have an orientation to the area (i.e., church, doctor, etc.); people who once <br />resided in the area that desire to move back to be near friends and family, and parents of adult <br />children living in the Market Area. <br /> <br />Older Adult (Age 55+) Population and Household Trends <br /> <br />Tables 26 and 27 show the age distribution of people and households aged 55 + in the Arden <br />Hills Market Area in 1990 and 2000, with estimates for 2007 and projections for 2012. The <br />1990 and 2000 figures are from the U.S. Census while the projections are calculated by Maxfield <br />Research, Inc., based on data provided by Claritas, Inc. <br /> <br />~ In 2000, the Market Area had 104,2] 0 people age 55 and older, 14,624 people age 65 and <br />older, and 7,138 people age 75+. <br /> <br />MAXFIELD RESEARCH INC. <br /> <br />62 <br />