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Mr. Eric Zweber December 19, 2017 <br />WSB & Associates, Inc. Page 33 <br />Table 17 shows the inventory of existing market rate senior housing products in Navarre and <br />the surrounding Lake Minnetonka communities that would be competitive with a new market <br />rate senior housing development on the subject property. <br />• As displayed in Table 17, five properties with a total of over 300 units were identified <br />near the Orono area. <br />• Four out of five projects offered assisted living care and only one out of the five projects <br />offered solely adult/few services units. <br />• Although there are no senior housing developments in Navarre, a large senior housing <br />campus is located to the west in Spring Park (Lake Minnetonka Shores). <br />MAXFIELD RESEARCH AND CONSULTING, LLC <br />Continuum of Housing and Services for Seniors <br />Single -Family <br />Townhome or <br />Congregate Apartments w/ <br />Assisted Luing <br />Nursing Facilities <br />Age -Restricted Independent Single- <br />Congregate Apartments <br />Memory Care <br />Family, Townhomes, Apartments, <br />w/ Intensive Services <br />(Alzheimer's and <br />Condominiums, Cooperatives <br />Dementia Units) <br />Fully <br />Fully or Highly <br />Independent <br />Dependent on Care <br />Lifestyle <br />Senior Housing Product Type <br />Source: Maxfield Research & Consulting, LLC <br />Table 17 shows the inventory of existing market rate senior housing products in Navarre and <br />the surrounding Lake Minnetonka communities that would be competitive with a new market <br />rate senior housing development on the subject property. <br />• As displayed in Table 17, five properties with a total of over 300 units were identified <br />near the Orono area. <br />• Four out of five projects offered assisted living care and only one out of the five projects <br />offered solely adult/few services units. <br />• Although there are no senior housing developments in Navarre, a large senior housing <br />campus is located to the west in Spring Park (Lake Minnetonka Shores). <br />MAXFIELD RESEARCH AND CONSULTING, LLC <br />Home <br />Apartment <br />i <br />Optional Services <br />Age -Restricted Independent Single- <br />Congregate Apartments <br />Memory Care <br />Family, Townhomes, Apartments, <br />w/ Intensive Services <br />(Alzheimer's and <br />Condominiums, Cooperatives <br />Dementia Units) <br />Table 17 shows the inventory of existing market rate senior housing products in Navarre and <br />the surrounding Lake Minnetonka communities that would be competitive with a new market <br />rate senior housing development on the subject property. <br />• As displayed in Table 17, five properties with a total of over 300 units were identified <br />near the Orono area. <br />• Four out of five projects offered assisted living care and only one out of the five projects <br />offered solely adult/few services units. <br />• Although there are no senior housing developments in Navarre, a large senior housing <br />campus is located to the west in Spring Park (Lake Minnetonka Shores). <br />MAXFIELD RESEARCH AND CONSULTING, LLC <br />