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TWIN LAI�ES, Roseville, Minnesota <br />Market Assessment & Demand Analvsis Senior Condo Market Assessment <br />� Our calculations indicate that the market will tighten between 2005 and 2008. <br />Therefore, we advise that the 240 senior units at Twin Lakes be constructed in the <br />coming 24-monthperiod to take advantage of currentpent-up demand. <br />Based on the projected demographic characteristicsof the subject market area and the <br />region as a whole, and given the development concept as proposed, we expect that the <br />senior housing proposed for Twin Lakes will expect a buyer profile as follows: <br />o Older adults and younger seniors, generally in their early 60s to early 70s. <br />o Approximately an equal distribution of senior couples and singles, whereas <br />rental apartments tend to attract mostly singles <br />o Senior homeowners with homes valued in the $175,000 to $250,000 range <br />GVA Marquette Advisors Page 34 <br />