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a <br />Olt VI i 1779 tit): U7 °aU4tl7sUbI4 r%.XPrtt, a <br />I 4r— LI c. <br />I The appropriate qualifying cash flow Income cohorts (S40,N0,W,000 <br />and 550,000) were evaluated to insure that only those Senior <br />households who could afford to private pay the monthly service fees <br />were considered.. <br />3 The assumption is that 70% of the absorption would conte from the <br />Primary Market Area. 'fisc remaining unit absorption is anticipated to <br />come from Secondary and Tertiary -Market Areas which would be <br />considered any areas outside the defined Primary Market Area, including <br />the remainder of the State of Florida and in -migration fxom outside the <br />state. <br />4. The proposed new project will be brought to a stabilized 43% <br />occupancy. <br />N addition to the previous input variables, tate penetration rate model also assumed that <br />100% of the assisted living absorption would be by the age 75+ cohort. While there could be sonic <br />Seniors under the age of 75 who would be a candidate for this subject development, MDS has <br />excluded the majority of tate under age 75 cohort for forecasting safety margin. <br />Penetration Rates For Alzheimer's Reds <br />Consideration is also being given to dedicating 20 of the units to Alzheimet'sfdententia care <br />units in an assisted living/residential care setting. These units would offer similar services and <br />amenities as would be provided forthe assisted living residents; however, the personal care services <br />would be more frequent/intensive and the physical space would be specially designed to be secure <br />} <br />and to effectively care for the spceial nectislrcquire:nents of these residents. <br />n <br />To date, there is no univcrsally accepted and standardized demand ntrtltodology for <br />projecting the need for Alzheimer's beds in a market area. MDS, however, has conducted a <br />sifirtiticant amount of inremal research and development anis has developed a tnedel which is <br />conservative. realistic and gives Consideration to all of the relevant l,ry fit to;s ind assumptions with <br />vcgmd to this very specialized type of living arrrttgerrient <br />M <br />