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View O oint <br />CONSULTING <br />GROUP <br />INC. <br />November 5, 2025 <br />To: Jacob Lane <br />Trident Development <br />From: Jay Thompson <br />Viewpoint Consulting Group, Inc. <br />RE: Demand Assessment for Senior Housing in Ramsey, Minnesota <br />Introduction <br />This memorandum provides an assessment of the demand for senior housing in Ramsey, <br />Minnesota. The purpose of this assessment is to broadly assess the depth of demand for senior <br />housing in the local area to determine if potential exists to support a new development. As we <br />understand, the Site is east of Rhinestone Street Northwest, between Sunwood Drive and <br />Veterans Drive. <br />Included in this assessment are demand calculations for congregate independent, assisted living <br />and memory care housing. Potential demand is calculated based on analysis of the <br />income/asset-qualified target market for senior housing and the supply of competitive senior <br />housing units serving the primary market area. The ability of the subject development to <br />capture unmet market area demand is discussed in this assessment. <br />Viewpoint Consulting Group, Inc. <br />6931 87th Lane Greenfield, MN 55373 <br />P. 763-273-4303 www.viewpointconsult.com <br />