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TRANSACTION OVEMEW
<br />The Sponsor,„ a single asset entitylcontrotied by Dignicare Properties, & Suite Living (the "Sponsor),
<br />is looking for 1..5 -2 acre sites to build there 32 bed senior facility. The property must have good vistbility
<br />with high traffic; and be located in the. '7 county Twin city metro area,. The property need thi2 zoning or the
<br />city willingness to rezone, city sewer and water,.
<br />The Spons,cii is seeking, to start construction in the fall of .2018.
<br />PROJECT OVERVIEW
<br />The Sponsor intends to develop a statc-of-t he -at t, for -rent Enhanced Assisted Living and Memory Caro facility
<br />which OH be designed to accommodate a wide range of needs for seniors, to. 'age in place" while receiving
<br />high -touch arid personalized service. The building will be single.story„ wood frame construction with hig,h
<br />quality finishes that, resemble.sa single-family residential de,sign. The .facility will focus on providing a more
<br />intimate setting where residents are encouraged to interact with one another In a homelike environment
<br />white enjoying: serene outdoor vlews. The Project will also feature amenities and services for the
<br />convenience of the residents including dining facilities, adult day care, sitting rooms., beauty shop, outdoor
<br />living areas, visiting physicians, and home cooked meats.
<br />The Project, will consist of 32 units / beds in a residential neighborhood setting. The building is, designed to
<br />cater to resid'ents 'in need of either Enhanced Assisted Living care or more specialized Memory Care. The
<br />facility will contain 18 Enhanced Assisted Living 1 bed /1 bath units with kitchenette.s and 14 Memory Care,
<br />5tUdii0 Unlit
<br />Suite ,Living strives to create a product that, when residents see it, they rfl mediately realize that this s what
<br />they were looking, for. Most large senior housing, providers are busy cutting expenses and running, the day-to-
<br />day operations in a way that shows that they have gradually lost touch with the re ai needs, desnes„ and choices
<br />of their residents. Solite Living focuses on the resident by budding .care model specifically focused on offering
<br />the highest levels of care to residents and buitding systems that will promote dignity.
<br />Safety and Security: Best -In -the industry caregiver ratios as well as their smz, ntimate home designs offer
<br />greater safety and security for residents;
<br />Compassionate Care; Each irldividuall caregiver supports a maximum of 8 residents at a time. A. tow -stressed
<br />caregiver offers better, more focused and more compassionate care;
<br />MARKET SUMMARY,
<br />According to the U.S. Census BUrOilil, the number of seniors Is projected to increase from 39 million
<br />to 53 million by. 2020 and si_lbstaritiatly Increase to 82 million by 2050 due to the baby boomers arid
<br />increasing the expectancy..
<br />For Assisted Living care,. demand Is generated not onty from the locat population of those 65, and older., but
<br />allso, from the younger families in the sub -market who move. their aging relatives to a facility in closer
<br />proximity {'i.e. Adult Child Demand). Given the steadily growing, ,demographic trends, strong, employment
<br />sector, and the high occupancy .of comparable facilities, the. Subject Property's location appears to be a
<br />prime rnarket for a new Assisted ILlytrigfacility,
<br />The Subject 5-mile PMA has a population exceeding 15.5„000 and 59,929 households with a median
<br />household value of over $224,800,. There is. currentty tittle competitive supply in the. PMA to serve the
<br />demand. With the Project detivering just 38 units of assisted living and 14 units of Memory Care, the
<br />Sponsors do not anticipate any problems teasing at the projected mental rates and achieving stabitiled
<br />occupancy within the first 7 months of operations..
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