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SENIOR HOUSING MARKET ANALYSIS <br />The following are key points from our survey of the senior housing supply. <br />Market Rate Active Adult (Rental) <br />• Savannah Oaks of Ramsey is the only active adult rental project in Ramsey. As of June 2019, <br />there was no vacancies and had a waitlist of up to two and a half years. This property has <br />50 units and is a 55+ community. <br />• Units at Savannah Oaks of Ramsey have rents that range from $872 for a one -bedroom to <br />$1,262 for a two -bedroom unit. <br />Assisted Living <br />• There is one facility offering assisted living services in Ramsey, Stoney River of Ramsey. As <br />of June 2019, there were 5 vacancies across 48 total assisted living units, for a vacancy rate <br />of 10.4%. <br />• Market rate basic service rents range from $3,850 for a studio apartment to $5,900 for a <br />one -bedroom unit. Additional cost is based on service level needed, this can range from <br />$400 for level one to $1,900 for level four. <br />Memory Care <br />• Stoney River of Ramsey is also the lone facility offering memory care services in Ramsey. As <br />of June 2019, there were 2 vacant units across 24 total memory care units, for a vacancy <br />rate of 8.3%. <br />• Basic market rate rents for memory care range from $3,700 for a shared suite to $5,100 for <br />a private studio unit. There is additional cost based on service level needed. Some features <br />include daily exercise and programs, dining, and common areas for recreation. <br />MAXFIELD RESEARCH AND CONSULTING 87 <br />