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Senior Housing Demand Assessment: Ramsey, MN <br />Table 9 <br />Elderly Waiver Assisted Living Demand Calculation <br />Primary Market Area <br />2025 and 2030 <br />2025 2030 <br />A 75 to 79 Population in the PMA 987 1,144 <br />B Percent needing ADL assistance 12.5% 12.5% <br />C Estimated population needing ADL assistance (A x B) 123 143 <br />D 80 to 84 Population in the PMA 552 774 <br />E Percent needing ADL assistance 22.5% 22.5% <br />F Estimated population needing ADL assistance (D x E) 124 174 <br />G 85+ Population in the PMA 274 457 <br />H Percent needing ADL assistance 40.0% 40.0% <br />I Estimated population needing ADL assistance (G x H) 110 183 <br />J Total 75+ population needing ADL assistance (C + F + I) <br />K Percent of PMA population income -qualified <br />L Total income -qualified population needing ADL assistance (J x K) <br />M Potential penetration rate of assisted living housing <br />N Total demand for assisted living units (L x M) <br />O Estimated percent of demand from outside the PMA <br />P Total demand for assisted living units in the PMA (N / (1-0)) <br />Q Competitive assisted living supply <br />R Unmet assisted living demand in the PMA (P - Q) <br />S Estimated percent of demand capturable by Site <br />T Elderly Waiver assisted living demand on the Site (R x S) <br />357 500 <br />32.3% 32.3% <br />115 161 <br />40% 40% <br />46 65 <br />30% 30% <br />66 92 <br />15 15 <br />51 77 <br />60% 60% <br />31 46 <br />* 15% of the competitive units that are estimated to be occupied by Elderly Waiver residents, minus a 5% vacancy <br />factor. <br />Source: Viewpoint Consulting Group, Inc. <br />Viewpoint Consulting Group, Inc. <br />Page 19 <br />November 5, 2025 <br />