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,.. Dli' ~O/li'} "-<1l~)" {/.... ......... l.. " r ~ r"". ~'l (' ~ ...~ ~ ) t and 3) persons who graduated in 1940 or earlier (now over th~t~g~Af1S-~ars) per- sons who, if they were currently seeking retirement housing, would l~jH/g,~ire sup- port services. The data was provided for alumni living in Minnesota on1y,,~e the market of alumni willing to move from out of state solely for the Northwestern Col- lege affiliation is likely very small. We have assumed an age at graduation of rough- ly 22 or 23 years. There are a total of 236 households in the youngest alumni age group, 147 who live in the Twin Cities Metropolitan Area and 89 who live out state. These are house- holds that will likely be considering a move to senior housing later in this decade or in the early 2000's. This group could be' used for re-Ieasing of units as turnover occurs in future years. t There are 123 households with an alumnus who graduated between 1941 and 1945 (83 in the Twin Cities Metropolitan Area and 40 outstate), and another 187 who gradu- ated in 1940 or earlier (117 in the Twin Cities and 70 outstate). This total of 310 households represents demand for senior housing with some available support services. If only 5 percent of this market decides to move to the subject project, demand for 15 units would be generated.' This is a significant market which can be easily tar- geted through mailings and events. Retired Professors/Staff Available information on retired staff indicates that this is a much smaller market for senior housing. There are only 17 persons who retired between 1982 and 1992 and only 14 of these who currently live in Minnesota. In addition, there are only 22 cur- rent employees who are age 60 or older who would be a potential market within the next ten years. Certainly, these persons can be pursued through mailings and infor- mational meetings but this market will likely contribute only a few, if any residents to the proposed project. ~~/ /~ 2'1