Laserfiche WebLink
Senior Housing Demand Assessment: Ramsey, MN <br />Senior Housing Supply <br />Senior Housing Defined <br />Senior housing encompasses a wide variety of product types. The properties that include the <br />lowest level of services are adult properties, which offer virtually no support services or health <br />care, but restrict tenancy to those age 55 and over. Adult properties can be rental or owner - <br />occupied (attached or detached townhomes, condominiums and cooperatives). Congregate <br />properties, better known as independent living, offer support services such as meals and <br />housekeeping. These services are either included in the rent or offered a -la -carte so that <br />residents can choose whether or not to pay for them. Independent living projects attract an <br />older and frailer senior population than adult properties (generally seniors age 75 and over). <br />The most service -intensive housing types are assisted living, memory care, and enhanced care <br />suites as they offer the highest level of services short of a nursing home. Some of the typical <br />services they provide are meals, housekeeping, linen changes, personal laundry, 24-hour <br />emergency response and a wide range of personal -care and therapeutic services. The meals <br />and services are built into the monthly fee, charged through a tiered service package or offered <br />a -la -carte. <br />Competitive Senior Housing Properties <br />Table 6 shows the inventory of senior housing properties that would provide competition to a <br />new development on the Site in Ramsey. For each competitive property, Table 6 provides <br />information on location, year built, total number of units, whether or not it is located in the <br />PMA, its distance from the Site, its estimated competitiveness and its total competitive units. <br />The competitive percentage is a measure of draw area overlap and is estimated based on a <br />property's distance from the Site, its location within or near the PMA, its community <br />orientation (i.e., its estimated primary draw area), and unique characteristics of the property. <br />The following are key highlights about the competitive supply. <br />► A total of ten competitive senior housing with services properties were identified in and <br />near the PMA, most of which contain at least two service levels. Combined, the properties <br />have a total of 948 units. However, only two of the properties are in the PMA (Stoney River <br />and Suite Living) and eight are outside the PMA. The properties outside the PMA are <br />estimated to be 10% to 20% competitive with the Site to account for draw area overlap. <br />Overall, the ten properties supply the PMA with 207 competitive units. <br />► The service -level mix of the competitive supply serving the PMA is 50 independent units, <br />103 assisted living units, and 54 memory care units. <br />Viewpoint Consulting Group, Inc. <br />Page 9 <br />November 5, 2025 <br />