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Senior Housing Demand Assessment: Ramsey, MN <br />Table 10 <br />Market Rate Memory Care Housing Demand Calculation <br />Primary Market Area <br />2025 and 2030 <br />2025 2030 <br />A 65 to 75 Population 3,086 3,584 <br />B Dementia incidence rate 5.0% 5.0% <br />C Estimated population with Dementia (A x B) 154 179 <br />D 75 to 84 Population 1,539 1,918 <br />E Dementia incidence rate 13.2% 13.2% <br />F Estimated population with Dementia (D x E) 203 253 <br />G 85+ Population 274 457 <br />H Dementia incidence rate 33.4% 33.4% <br />I Estimated population with Dementia (G x H) 92 153 <br />J Total population with Dementia (C + F + I) 449 585 <br />K Percent of population income -qualified <br />L Total income -qualified population needing assistance (J x K) <br />M Potential penetration rate of specialized memory care housing <br />N Total demand for memory care units (L x M) <br />O Estimated percent of demand from outside the PMA <br />P Total demand for memory care units in the PMA (N / (1- 0)) <br />Q Competitive memory care supply* <br />R Unmet memory care demand in the PMA (P - Q) <br />S Estimated % of unmet demand capturable by Site <br />T Memory care demand at the Site (R x S) <br />47.4% 48.3% <br />213 282 <br />30% 30% <br />64 85 <br />30% 30% <br />91 121 <br />43 43 <br />48 78 <br />60% 60% <br />29 47 <br />* Competitive units minus 15% estimated to be occupied by Elderly Waiver residents and a 5% vacancy factor. <br />Source: Viewpoint Consulting Group, Inc. <br />Viewpoint Consulting Group, Inc. <br />Page 21 <br />November 5, 2025 <br />