memorandum · living and assisted living dementia care community on a site located in acworth,...

MEMORANDUM

TO: Cone Maddox, Dargan/Whitington & Maddox, Inc.

FROM: Michael Starke, PMD

DATE: March 19, 2015

SUBJECT: Preliminary Market Assessment – Acworth PMA

PMD Advisory Services, LLC (PMD) has completed the preliminary market analysis for the

Acworth Preliminary Market Area (PMA). This memo presents the findings of the preliminary

analysis for independent living, assisted living, and dementia care. This preliminary analysis was

conducted without the benefit of a site visit to the market area and is based on secondary data

sources and information obtained from state licensure websites, community websites, NIC Map,

and telephone interviews. If this project moves to the next level of analysis (a complete market

analysis with visits to competitors) final results may differ.

Methodology

Definition of the PMA. The Preliminary Market Area (PMA) which would produce about

70% of the residents for the proposed Acworth community was based upon input received

from Cone Maddox, analysis of drive times from the site, and PMD’s experience in similar

markets.

Demographic Overview. PMD conducted a review of the key demographic characteristics

and trends in the PMA as they relate to all target market households.

Overview of Existing and Planned Competition. Basic competitor information was

obtained from public and private sources, competitor websites, and telephone interviews.

PMD did not conduct on-site visits to competitors for this preliminary analysis. If this

Preliminary Market Analysis – Acworth, GA March 19, 2015

PMD Advisory Services, LLC of 13

analysis proceeds to the next level (a full market analysis with field visit) PMD may

discover indirect competitors in the form of age targeted communities or naturally

occurring retirement communities that could affect the unit demand potential.

Quantification of Demand. PMD used PMD's Senior Market Profile, which includes

detailed estimates of households by age, income, need for assistance with daily living

activities and prevalence for dementia to quantify the demand for assisted living and

assisted living dementia care residences in the PMA.

Proposed Project Concept

Dargan/Whitington & Maddox, Inc. is considering the creation of a mixed use project which would

be developed on both sides of Cowan Road at the intersection of Cowan Road and New Cowan

Road in Acworth, Georgia. The project as currently configured could include:

a medical office building

an 80 unit franchised hotel

a 100 unit senior care facility providing long term care and memory care and

about 200 units of senior (55+) housing

PMD is conducting a preliminary analysis to determine the demand for independent living, assisted

living and assisted living dementia care community on a site located in Acworth, Georgia. The

concept for this community is in the preliminary stages with further planning pending the outcome

of this report.

For the purposes of this analysis, PMD will assume that the proposed senior living and care

components will likely open in 2018. PMD is also assuming a minimum entry age of 75 for all

three levels of care. Even though the minimum entry age as specified by law is 55 or 62, national

experience indicates that seniors entering into independent living without services are about age

72 on average, seniors entering independent living communities with services average about 80

years old and individuals entering assisted living and memory care facilities usually are in their

late 70’s to early 80’s.



Monthly fees in 2018 dollars used in this analysis were: $2,965 for independent living, $3,825

minimum starting fee for assisted living (base fee) and $5,464 for the minimum starting monthly

fee for assisted living dementia care (base fee).

When conducting a demand analysis for an assisted living community or an assisted living

dementia care community, PMD factors in the impact of net worth and asset value spend down in

the demand calculations involving one person households. The minimum net worth approach

defined above is based upon the results of a national analysis conducted by NIC and anecdotal

evidence from providers that demonstrates that assisted living (frail and dementia care) residents

often have incomes below what we would calculate using the monthly fee. This reflects spend

down of assets and financial assistance provided by family members and other sources like the

VA.

For the purposes of this analysis, PMD has utilized a minimum income for one person households

of $35,000 for households requiring assisted living and a minimum income of $60,000 for one

person households requiring assisted living dementia care. This approach allows PMD to factor in

the impact of net worth spend down which is calculated for each product type and provided in the

attachments to this memo. The income threshold utilized for two person households (of which one

is assumed to be in need of assisted living or dementia care) is calculated based on the monthly

fee adjusted for the fee to income ratio for each product type. A fee to income ratio of 75% is

utilized for assisted living and 80% is used for assisted living dementia care. This ratio assumes

that the typical assisted living household could spend up to 75% of their total income on their

assisted living care. Likewise, for assisted living dementia care an 80% ratio is utilized assuming

the household could spend up to 80% of their total income on their dementia care.

For the independent living demand analysis, PMD utilized a 60% fee to income ratio. This allows

the resident to spend up to 60% of their income on the costs associated with the senior living

community.



Findings

The preliminary market demand assessment for the Acworth PMA indicates that the market could

support 121 – 202 independent living rental residences at the price points tested ($2,965 per month

1 person), 61 - 76 additional assisted living residences at the price points tested ($3,825 per month

1 person), and 102 – 127 assisted living dementia care residences based on the price points tested

($5,464 per month for 1 person). This analysis indicates that there are sufficient households

that PMD estimates are the right age, income level and likely to have the required needs to

support additional independent living, assisted living and dementia care residences in the

Acworth market. This analysis is not able to determine if these households will move to the

proposed Acworth community or to any senior living community. This analysis does

indicate, however, that the market appears deep enough to support a project and warrants

further investigation. This analysis also does not evaluate the site location of the proposed

project which may or may not have a significant impact on the proposed Acworth project.

If PMD moves to the next level of analysis, we will have the opportunity to complete an on-site

review of the competition in the PMA. This will enable PMD to evaluate each of the key

competitive properties to determine if they are comparable with the proposed product and provide

more detail and insights on how to create a more competitive product in the Acworth PMA.

The following pages of this memo provide the PMA definition, the current version of the

competitive inventory and the initial demand calculations.

Proposed Primary Market Area

The Acworth Preliminary Market Area (PMA) is comprised of 15 zip codes which includes all or

part of the following counties: Cobb, Cherokee, Bartow, and Paulding. PMD expects that 70%

of the target households drawn to the Acworth project will originate from this geographic area.

The 15 zip codes included in the PMA definition are displayed on the map that follows and listed

on page 13 of Attachment 1.



Map 1: Acworth Preliminary Market Area Map

The yellow area on the map is the proposed market area. The red circle on the map is a 15-mile

radius from the proposed site and the blue squiggly line is a 20-minute drive time from the site. Both

are provided for reference purposes only.

Demographic Overview

A summary of key household trends are presented below. Sources include 2000 and 2010 U.S.

Census data and estimates for the year 2014 and projections for 2019 provided on the Senior

Market Profile (SMP) from PMD Advisory Services, LLC and The Nielsen Company (Nielsen).

Detailed population data for the PMA are included on the SMP. (See Attachment 1 for the

complete SMP report.)



The Acworth PMA had an estimated total population of 569,668 in 2014. Overall

population increased by 21,127 persons since 2010. Projections for the year 2019 indicate

an increase in total population to 598,586 for an average annual increase of 1.0%.

There were 207,925 households of all ages of which age 75 and older households totaled

13,608 households in the Acworth PMA in 2014. The age 75 and older cohort is estimated

to have increased at a 3.3% annual rate from 2010 to 2014 (adding 1,597 age 75 and older

households). Projections indicate an increase of age 75 and older households at a rate of

4.5% between 2014 and 2019. PMD projects that in 2019 there will be 16,662 age 75 and

older households in the Acworth Home PMA. Georgia’s age 75 and older cohort is also

projected to increase (3.1% annually) while the U.S target market cohort will increase at a

1.7% annual rate.

The 2014 median income for the Acworth PMA age 75 and older households of $31,966

was higher than Georgia’s age 75 and older median income ($24,000) and the U.S.

($26,955) median income. Target market household income is projected to increase to

$33,111 projected for 2019 which represents a gain of 0.7% annually.

The 2014 median home value of $192,223 for age 75 and older households in the Acworth

PMA reflects a 2.7% annual increase between 2010 and 2014. By 2019 median home

value is projected to increase to $202,287 (an annual increase of 1.1%) for households aged

75 and older. If a full market study is completed, these estimates should be checked against

current MLS sales data in the market to substantiate the likelihood of increases through

2019.



Potential Competitive Supply – Independent Living, Assisted Living and Assisted Living

Dementia Care Communities

PMD’s preliminary analysis indicates that in the Acworth PMA there are 25 potential existing

competitive communities offering independent living, assisted living and dementia care. These 25

communities have a total of 565 independent living residences, 1,114 assisted living beds and 286

assisted living dementia care beds. The average occupancy was 95% for independent living and

94% for assisted living and dementia care.

By utilizing F. W. Dodge Construction reports, one potentially competitive community was found

in the Acworth PMA. This potentially competitive community accounts for 16 planned assisted

living beds in the supply.

Table 1: Acworth Preliminary Competitive Supply – Independent Living, Assisted Living and

Dementia Care

Competitive Communities

Property Name Zip

Code Year

Opened IL AL DC

Existing # of Res.

% Occ.

# of Beds

% Occ.

# of Beds

% Occ.

Arbor Terrace of East Cobb 30068 1997 70 95% 20 100%

Atherton Place 30060 1988 138 91% 46 100% 16 100%

Autumn Leaves of Towne Lake* 30189 2014 46 92%

Autumn Years 30121 2000 25 92%

Azalea Manor Inc. 30060 1983 25 88%

Bickford Senior Living* 30068 1998 28 92% 28 92%

Dogwood Forest Acworth* 30101 2014 68 94% 24 83%

Sunrise of East Cobb* 30062 1997 54 94% 24 87%

Elmcroft of Milford Chase* 30008 2000 60 n/a 16 n/a

Emeritus at Spring Mountain 30064 1998 44 n/a 13 n/a

Felton Manor Personal Care (Star Manor) 30121 1993 50 92%

Gaines Park Personal Care Homes 30152 1997 44 n/a

Greenwood Gardens 30064 1998 35 97% 24 95%

Heritage of Brookstone 30152 1999 60 93%

Heritage of Sandy Plains 30066 1997 42 92% 16 100%

Johnson Ferry 30067 1995 20 n/a 44 93% 13 100%

Northstar Place 30144 1998 46 95% 10 90%

Parc At Piedmont 30068 2002 143 100% 23 100%

Savannah Grand 30189 1996 38 n/a

Sterling Estates* 30068 2012 14 92% 90 96%



Competitive Communities (Continued)

Property Name Zip

Code Year

Opened IL AL DC

Existing # of Res.

% Occ.

# of Beds

% Occ.

# of Beds

% Occ.

Wellington Place Of Kennesaw 30144 1999 36 91% 13 100%

Winnwood Retirement Community 30064 1991 150 98% 52 98%

Daybreak Village Senior Living Community 30144 n/a 100 n/a 78 n/a 23 n/a

Golden Rose Personal Care Home 30062 n/a 24 n/a

Marietta Living Centre 30060 n/a 32 84%

Total Existing 25 565 95% 1114 94% 286 94%

Planned

Gaines Park Personal Care Homes 30152 1997 16 -

Total Planned 16 *PMD could not locate number of licensed beds on the state licensure website.

SOURCE: NIC MAP, PMD research via internet and directory searches.

Table 2: Acworth Preliminary Competitive Supply Pricing – Independent Living, Assisted Living

and Dementia Care

Pricing

Existing Communities IL AL DC

Arbor Terrace of East Cobb $2,800-$4,395

$5,395-$5,695

Atherton Place $2,330-$3,470

$3,600-$5,235 $5,000

Autumn Leaves of Towne Lake $4,895-$6,450

Autumn Years $3,500-$3,900

Azalea Manor Inc. n/a

Bickford Senior Living $3,000-$3,400 n/a

Dogwood Forest Acworth $2,945-$4,185 $5,779

Sunrise of East Cobb $2,646-$5,445

$2,920-$3,985

Elmcroft of Milford Chase $2,910-$3,840

$2,880-$3,690

Emeritus at Spring Mountain $1,876-$3,406 WND

Felton Manor Personal Care (Star Manor) $1,995-$2,695

Gaines Park Personal Care Homes n/a

Greenwood Gardens $2,707-$3,407 $2,707



Existing Communities (Continued) IL AL DC

Heritage of Brookstone $3,000-$3,465

Heritage of Sandy Plains $3,100+ $4,100+

Johnson Ferry $3,995 $5,795

Northstar Place $2,677-$3,376

$2,677-$3,376

Parc At Piedmont $3,810-$5,125

$4,055-$6,485

Savannah Grand n/a

Sterling Estates n/a $4,000-$5,700

Wellington Place Of Kennesaw $2,380-$3410 DNK

Winnwood Retirement Community $2,000-$4,100

$3,985-$4,825

Daybreak Village Senior Living Community n/a n/a n/a

Golden Rose Personal Care Home n/a n/a

Marietta Living Centre n/a $3,500-$2,395

Preliminary Market Feasibility Tests

The demand analysis indicates that in 2018 the market should support an additional 121 – 202

independent living residences, 61 - 76 assisted living residences and 102 - 127 assisted living

dementia care residences.

Following are the preliminary demand models utilized to determine demand for independent

living, assisted living and assisted living dementia care residences. The assumptions utilized and

the results of the calculations are displayed in the tables. Spend down tables are included as

attachments.



Table 3: Acworth Preliminary Independent Living Demand Analysis

Assumptions

Year of Opening: 2018

Minimum Entry Age at Opening: 75

Rent to Income Ratio: 60%

Minimum Monthly Fee at Opening: $2,965

Second Person Charge: $546

Annual Income Requirement for 1 person Household: $59,291

Annual Income Requirement for 2 person Household: $70,219

Age and Income Qualified Households by Type

1 Person Households: 1,884

Married Couples and Other Households: 1,372

Total Age and Income Qualified Households: 3,255

Competitive Residences

Existing: 565

Planned: 0

Total: 565

Net Target Market: 2,690

Project Penetration Rate: 3% 5%

Net Target Households: 81 135

Market Area Draw: 70% 115 192

Occupancy Rate: 95% 121 202

Total Supportable Residences: 121 202

Market Penetration Rate

Current Supply: 17.4%

With 3% Demand : 21.1%

With 5% Demand: 23.6%

SOURCE: PMD Advisory Services, LLC

3/19/2015 13:50

Acworth PMA

Independent Living Rental Demand Analysis



Table 4: Acworth Preliminary Assisted Living Demand Analysis

Assumptions




Annual Income Requirement: $61,193

Annual Income based on Spend Down Analysis: $35,000

Age, Income, Need Qualified* Households by Type

1 person - Income and Asset Spend Down 501

Married Couples and Other - Inc and Spend Down 217

Total Age, Income and Need Qualified Households: 718


Existing: 500

Planned: 16

Total: 516

Net Target Market: 202






*Need qual i fication equals the need for ass is tance with 2+ ADLs .


3/19/2015 13:50

Acworth PMA

Assisted Living Demand Analysis



Table 5: Acworth Preliminary Assisted Living Dementia Care Demand Analysis

Assumptions




Annual Income Requirement: $81,955

Annual Income based on Spend Down Analysis: $60,000

Age, Income, Need Qualified* Households by Type

1 person - Income and Asset Spend Down 314

Married Couples and Other - Inc and Spend Down 181

Total Age, Income and Need Qualified Households: 495


Existing: 156

Planned: 0

Total: 156

Net Target Market: 339






*Need qual i fication equals the need for ass is tance with 2+ ADLs and symptoms of dementia .


3/19/2015 13:50

Acworth PMA

Dementia Care Demand Analysis



Tables 3, 4 and 5 above presents the results of PMD’s preliminary demand analysis. The analysis

indicates that there appears to be depth in the Acworth PMA to absorb additional independent

living, assisted living and dementia care residences at the price points tested.

It is important to remember that this is a preliminary market assessment without the benefit

of field analysis. If this project moves to the next level of analysis, field investigation could

result in the identification of additional products or issues in the market and/or could result

in the elimination of some competitive residences included in this analysis which are not

competitive. That field analysis could impact results.

ATTACHMENT 1

Senior Market Profile

The Senior Market Profile in this appendix utilizes block group level data supplied by The

Nielsen Company from the 2010 U.S. Census including population and household data. The

SMP also includes current year (2014) estimates and (2019) projections of population and

households by age, income, home value and net worth supplied by The Nielsen Company. PMD

has developed estimates and projections using these data, specifically estimates of median

income and home value for 2010 and estimates and projections of age specific home value, net

worth and need for assistance with activities of daily living that are included in the SMP.

Estimates and projections of need for assistance with activities of daily living on pages 8 and 9

are the result of extensive research using a variety of current resources and PMD maintains the

methodology is statistically sound, however testers (when in beta testing mode) found the new

methodology produces counts that are unusually low (in the limited number of market areas

tested). For this reason, PMD is reviewing the ADL methodology and is using blended

multipliers based on previous PMD research in this market analysis.

Households

207,925 Total Households

13,608 Total 75+ Households

Age 75+ Household Income

2,682 75+ Households with Income of <$15,000

4,778 75+ Households with Income of $15K-$34,999

6,148 75+ Households with Income of >$35,000

Age 75+ Housholds in Need of Assistance

269 75+ Households with 2+ ADLs and Income of <$15,000

444 75+ Households with 2+ ADLs and Income of $15K-$34,999

516 75+ Households with 2+ ADLs and Income of >$35,000

Age 75+ Housholds with Dementia

130 75+ Households with 1+ ADLs and Dementia and Income of <$15,000

218 75+ Households with 1+ ADLs and Dementia and Income of $15K-$34,999

258 75+ Households with 1+ ADLs and Dementia and Income of >$35,000

Adult Child Households

89,113 Total 45-64 Households

43,685 45-64 Households with Income of $75,000+

Household Home Value and Net Worth

58,779 All Age Household Median Income

31,966 75+ Household Median Income

194,192 All Age Household Median Home Value

192,223 75+ Household Median Home Value

76,896 All Age Household Median Net Worth

227,068 75+ Household Median Net Worth

Count Percent

Own Rent

PercentCount

Household Tenure / Type

146,727 70.6 61,198 29.4Total

10,309 75.8 3,299 24.2Age 75+

Count Percent

1 Person FemaleHouseholds By Type 1 Person Male Couple Other

PercentCount Count Percent PercentCount

24,895 12.0Total 18,856 9.1 19.440,276 59.6123,898

5,403 39.7Age 75+ 1,620 11.9 32.04,356 16.42,229


Acworth PMA Acworth,GA

2014 EstimatesPage 1 of 13

Market Area Overview

Copyright 2015 by PMD Advisory Services, LLC Version: 1.0 Source: PMDAS and The Nielsen Company

Variable US USMkt Area Number *AA%

2010 Census 2014 Estimate Market Area ChangeSummary Comparison Summary Comparison 2010 - 2014

Mkt Area GA GA

PopulationTotal (all ages) 548,541 9,687,653 308,745,538 569,668 10,072,230 317,199,353 21,127 1.0

55 and older 111,545 2,101,592 76,750,713 131782.1 2,389,658 85,216,580 20237.1 4.5

% of total 20.3 21.7 24.9 23.1 23.7 26.9

65 and older 49,533 1,032,035 40,267,984 61594.3 1,208,663 45,157,410 12061.3 6.1

% of total 9.0 10.7 13.0 10.8 12.0 14.2

75 and older 19,293 425,606 18,554,555 22080.6 472,088 19,526,540 2787.6 3.6

% of total 3.5 4.4 6.0 3.9 4.7 6.2

85 an older 5,131 113,823 5,493,433 5889.2 127,788 5,972,019 758.2 3.7

% of total 0.9 1.2 1.8 1.0 1.3 1.9

Median age 35.8 35.3 37.1 36.7 35.8 37.5

HouseholdsTotal (all ages) 199,262 3,585,584 116,716,292 207,925 3,734,136 120,163,305 8,663 1.1

55 and older 66,880 1,291,375 47,160,174 78,276 1,456,096 51,994,029 11,396 4.3

% of total 33.6 36.0 40.4 37.6 39.0 43.3

55-64 36,172 628,330 21,340,338 40,510 687,995 23,260,969 4,338 3.0

% of total 18.2 17.5 18.3 19.5 18.4 19.4

65 and older 30,708 663,045 25,819,836 37,767 768,101 28,733,060 7,059 5.8

% of total 15.4 18.5 22.1 18.2 20.6 23.9

65-74 18,696 382,261 10,903,733 24,159 459,834 15,832,446 5,463 7.3

% of total 9.4 10.7 9.3 11.6 12.3 13.2

75 and older 12,011 280,784 12,315,319 13,608 308,267 12,900,614 1,597 3.3

% of total 6.0 7.8 10.6 6.5 8.3 10.7

75-84 9,008 208,657 8,716,367 10,155 227,949 8,992,037 1,147 3.2

% of total 4.5 5.8 7.5 4.9 6.1 7.5

85 and older 3,004 72,127 3,598,952 3,453 80,318 3,908,577 449 3.7

% of total 1.5 2.0 3.1 1.7 2.2 3.3

Avg. Household size 2.8 2.7 2.6 2.7 2.7 2.6

Avg. Household size 75+ 1.6 1.5 1.5 1.6 1.5 1.5

Median Income All Households 54,979 46,221 49,319 58,779 44,855 49,401 3,800 1.7

55-64 64,720 50,100 57,005 69,213 51,500 59,541 4,493 1.7

65-74 47,824 38,905 41,444 52,740 37,638 41,619 4,916 2.6

Age 75+ 31,091 24,679 26,672 31,966 24,000 26,955 875 0.7

Age 65+ 40,557 32,307 33,814 42,841 31,275 33,872 2,284 1.4

Median Home Value All Households 175,332 135,089 156,979 194,192 145,404 170,333 18,860 2.7

Age 75+ 173,554 139,440 176,664 192,223 150,087 191,693 18,669 2.7

Median Net Worth All Age Households 76,896 45,377 52,637

Age 75+ 227,068 113,083 120,203


Acworth PMAAcworth,GA

Page 2 of 13Census and Current Year Estimates

2010 2014 2019census current projection


Variable US USMkt Area Number *AA%

2014 Estimate 2019 Projection Market Area ChangeSummary Comparison Summary Comparison 2014 - 2019

Mkt Area GA GA

Total (all ages) 569,66810,072,230 317,199,353 598,586 10,581,411 328,309,464 28,918 1.02

55 and older 131782.1 2,389,658 85,216,580 160,665 2,792,748 96,261,539 28882.9 4.38

% of total 23.1 23.7 26.9 26.8 26.4 29.3

65 and older 61594.3 1,208,663 45,157,410 80,715 1,486,602 53,278,626 19120.7 6.21

% of total 10.8 12.0 14.2 13.5 14.0 16.2

75 and older 22080.6 472,088 19,526,540 27,631 553,663 21,349,923 5550.4 5.03

% of total 3.9 4.7 6.2 4.6 5.2 6.5

85 an older 5889.2 127,788 5,972,019 6,672 142,835 6,338,467 782.8 2.66

% of total 1.0 1.3 1.9 1.1 1.3 1.9

Median age 36.7 35.8 37.5 38.1 36.7 38.2

HouseholdsTotal (all ages) 207,925 3,734,136 120,163,305 219,181 3,933,385 124,622,756 11,256 1.08

55 and older 78,276 1,456,096 51,994,029 93,978 1,681,449 58,155,837 15,702 4.01

% of total 37.6 39.0 43.3 42.9 42.7 46.7

55-64 40,510 687,995 23,260,969 45,375 750,579 24,664,315 4,865 2.4

% of total 19.5 18.4 19.4 20.7 19.1 19.8

65 and older 37,767 768,101 28,733,060 48,603 930,870 33,491,522 10,836 5.74

% of total 18.2 20.6 23.9 22.2 23.7 26.9

65-74 24,159 459,834 15,832,446 31,941 574,601 19,517,615 7,782 6.44

% of total 11.6 12.3 13.2 14.6 14.6 15.7

75 and older 13,608 308,267 12,900,614 16,662 356,269 13,973,907 3,054 4.49

% of total 6.5 8.3 10.7 7.6 9.1 11.2

75-84 10,155 227,949 8,992,037 12,840 267,386 9,842,075 2,685 5.29

% of total 4.9 6.1 7.5 5.9 6.8 7.9

85 and older 3,453 80,318 3,908,577 3,822 88,883 4,131,832 369 2.14

% of total 1.7 2.2 3.3 1.7 2.3 3.3

Avg. Household size 2.7 2.7 2.6 2.7 2.7 2.6

Avg. Household size 75+ 1.6 1.5 1.5 1.7 1.6 1.5

Median Income All Households 58,779 44,855 49,401 60,400 43,782 49,918 1,621 0.55

55-64 69,213 51,500 59,541 72,583 51,509 61,560 3,370 0.97

65-74 52,740 37,638 41,619 51,078 37,789 43,129 -1,662 -0.63

Age 75+ 31,966 24,000 26,955 33,111 24,224 28,067 1,145 0.72

Age 65+ 42,841 31,275 33,872 44,642 31,699 35,407 1,801 0.84

Median Home Value All Households 194,192 145,404 170,333 205,341 147,800 176,945 11,149 1.15

Age 75+ 192,223 150,087 191,693 202,287 158,488 201,787 10,064 1.05

Median Net Worth All Age Households 76,896 45,377 52,637 80,311 47,114 56,614 3,415 0.89

Age 75+ 227,068 113,083 120,203 237,813 115,029 122,910 10,745 0.95



Page 3 of 13Current and Projection Year Estimates



Change 2014 - 2019Market Area Population*AA%Number20142010 *AA%Number

Change 2010 - 20142019Age

Total 548,541 569,668 598,586 21,127 1.0 28,918 1.0

Under 25 195,265 198541.2 202,454 3276.2 0.4 3912.8 0.4

25 to 34 71,521 70865.5 70,708 -655.5 -0.2 -157.5 0.0

35 to 44 84,161 80944.4 77,750 -3216.6 -1.0 -3194.4 -0.8

45 to 49 45,295 44396.3 42,658 -898.7 -0.5 -1738.3 -0.8

50 to 54 40,755 43138.8 44,352 2383.8 1.5 1213.2 0.6

55 to 59 33,646 38011.6 42,724 4365.6 3.2 4712.4 2.5

60 to 64 28,365 32176.2 37,227 3811.2 3.4 5050.8 3.1

65 to 69 18,344 24158.2 30,834 5814.2 7.9 6675.8 5.5

70 to 74 11,896 15355.6 22,250 3459.6 7.3 6894.4 9.0

75 to 79 8,388 9866.9 13,427 1478.9 4.4 3560.1 7.2

80 to 84 5,774 6324.5 7,532 550.5 2.4 1207.5 3.8

85 and older 5,131 5889.2 6,672 758.2 3.7 782.8 2.7

Median age 35.8 36.7 38.1 0.9 0.6 1.4 0.8

Female Total 279,191 289,627 304,345 10,436 0.9 14,718 1.0

Under 25 95,295 96891.2 98,989 1596.2 0.4 2097.8 0.4

25 to 34 35,817 34917.5 34,058 -899.5 -0.6 -859.5 -0.5

35 to 44 43,194 41439 39,589 -1755 -1.0 -1850 -0.9

45 to 49 23462.1 22946.7 21940.1 -515.5 -0.5 -1006.5 -0.9

50 to 54 20829.9 22216.2 23056.4 1386.3 1.7 840.2 0.8

55 to 59 17664 19735.5 22220.9 2071.4 2.9 2485.4 2.5

60 to 64 14,919 16958.9 19,515 2039.9 3.4 2556.1 3.0

65 to 69 9,571 12828.1 16,513 3257.1 8.5 3684.9 5.7

70 to 74 6451.5 8250 12066.4 1798.5 7.0 3816.4 9.3

75 to 79 4828.6 5575.2 7453.3 746.6 3.9 1878.1 6.7

80 to 84 3522 3800.7 4450 278.7 2.0 649.2 3.4

85 and older 3637.9 4068.1 4494.4 430.2 3.0 426.3 2.1

Median age 32.0 33.3 0.0 1.3 1.0 -33.3 -20.0

Male Total 269,350 280041.2 294241.3 10691.2 1.0 14200.1 1.0

Under 25 99,970 101649.9 103,465 1679.9 0.4 1815.1 0.4

25 to 34 35,704 35947.9 36,650 243.9 0.2 702.1 0.4

35 to 44 40,967 39505.4 38,161 -1461.6 -0.9 -1344.4 -0.7

45 to 49 21832.8 21449.6 20717.5 -383.2 -0.4 -732.1 -0.7

50 to 54 19925.2 20922.7 21295.4 997.5 1.3 372.7 0.4

55 to 59 15982 18276.1 20502.7 2294.1 3.6 2226.6 2.4

60 to 64 13,446 15217.3 17,712 1771.3 3.3 2494.7 3.3

65 to 69 8,774 11330.1 14,321 2556.1 7.3 2990.9 5.3

70 to 74 5444.7 7105.6 10183.5 1660.9 7.6 3077.9 8.7

75 to 79 3559.6 4291.7 5974 732.1 5.1 1682.3 7.8

80 to 84 2251.6 2523.8 3081.8 272.2 3.0 558 4.4

85 and older 1493 1821.1 2177.8 328 5.5 356.7 3.9

Median age 30.0 30.6 32.0 0.6 0.5 1.4 0.9


Acworth PMA Acworth,GAPopulation / Age / Sex


Page 4 of 13


Age 2019 Number *AA%2010 2014 Number *AA%Market Area Households Change 2014 - 2019Change 2010 - 2014

Total 197,286 205,782 216,765 8,496 1.1 10,983 1.1

Under 25 8,382 7,964 7,729 -418 -1.2 -235 -0.6

25 to 34 31,395 30,571 28,892 -824 -0.7 -1,679 -1.1

35 to 44 44,355 42,510 40,746 -1,845 -1.0 -1,764 -0.8

45 to 49 24,737 24,914 24,481 177 0.2 -433 -0.3

50 to 54 22,686 22,848 22,488 162 0.2 -360 -0.3

55 to 59 19,858 22,254 24,920 2,396 3.0 2,666 2.4

60 to 64 15,692 17,586 19,687 1,894 3.0 2,101 2.4

65 to 69 11,451 14,835 19,662 3,384 7.4 4,827 6.5

70 to 74 6,912 8,897 11,747 1,985 7.2 2,850 6.4

75 to 79 5,169 5,868 7,457 699 3.4 1,589 5.4

80 to 84 3,645 4,082 5,134 437 3.0 1,052 5.2

85 and older 3,004 3,453 3,822 449 3.7 369 2.1

Median age 35.8 36.7 38.1 0.9 0.6 1.4 0.8

Household Income (for all HH)Total 207,925 219,181 11,256 1.1

Less than 15 21,026 21,464 438 0.4

15 to <25 19,976 20,301 325 0.3

25 to <35 20,161 21,004 843 0.8

35 to <50 28,745 29,617 872 0.6

50 to <60 16007.9 16637.7 629.7 0.8

60 to <75 20377.1 21246.4 869.2 0.9

75 to <100 26383.9 27682.8 1298.8 1.0

100 to <125 17615.6 19015 1399.4 1.6

125 to <150 12467.3 13435.4 968.1 1.6

150 to <200 13600 14906.9 1306.9 1.9

200 and over 11,565 13,870 2,305 4.0

HH Income byPercentageTotal 207,925 219,181 11,256 1.1

Less than 15 10.1 9.8 -0.3 -0.6

15 to <25 9.6 9.3 -0.3 -0.6

25 to <35 9.7 9.6 -0.1 -0.2

35 to<50 13.8 13.5 -0.3 -0.4

50 to <60 7.7 7.6 -0.1 -0.3

60 to<75 9.8 9.7 -0.1 -0.2

75 to<100 12.7 12.6 -0.1 -0.2

100 to<125 8.5 8.7 0.2 0.5

125 to<150 6 6.1 0.1 0.3

150 to <200 6.5 6.8 0.3 0.9

200 and over 5.6 6.3 0.7 2.5



Page 5 of 13Household Income2010 2014 2019census current projection


Household Income (000's Dollars)

Totals by Age of Householder60-6455-59Under 45Total

55+ HHLDS

45+ HHLDS45-54

78,275126,87917,58822,25248,60381,044207,925Total

8,78312,2001,5311,9643,4188,82521,026Less than 15

8,60311,8041,4381,8573,2008,17219,97615 to <25

7,78210,7591,2081,5532,9779,40220,16125 to <35

11,55316,7852,1162,7005,23111,96028,74535 to <50

6,4519,8461,2621,5963,3956,16216,00850 to <60

7,62212,8861,8962,4035,2647,49120,37760 to <75

8,80815,6082,3432,9486,80010,77626,38475 to <100

5,70310,8671,6082,0155,1646,74817,616100 to <125

4,1788,3031,3241,6564,1254,16412,467125 to <150

4,7929,4061,4531,8114,6144,19413,600150 to <200

4,0008,4151,4091,7494,4153,15011,565200 and over

53,74762,38269,80269,08978,00453,51058,779Median Income

79,89290,73299,44398,474108,18775,63284,846Mean Income

Household Income (000's Dollars) 85+80-8470-7465-69 HHLDSHHLDS75-79

65+ 75+

13,60737,7663,4534,0825,8688,89714,835Total

2,6825,2219007321,0329651,559Less than 15

2,6185,2417537471,0669901,58015 to <25

2,1594,9675816429031,0391,71025 to <35

2,3266,6084897271,0661,5742,61435 to <50

9813,5661833194629481,57550 to <60

9003,2501912824108551,45460 to <75

8093,4521452653909581,64175 to <100

4152,0241001281855881,011100 to <125

2661,1526182123327558125 to <150

3041,48136104157422729150 to <200

147804165474231404200 and over

31,96642,84126,29133,75434,25848,85649,742Median Income

45,28259,74436,98847,92148,25266,95268,278Mean Income



Page 6 of 13Current Age / Income



Household Income (000's Dollars)

Totals by Age of Householder

60-6455-59Under 45Total HHLDSHHLDS45-54

45+ 55+

93,978141,81419,68624,92147,83777,367219,180Total

10,12513,2981,6172,0803,1738,16721,464Less than 15

9,87412,8541,5141,9572,9807,44720,30115 to <25

9,25412,1131,3101,6862,8598,89021,00425 to <35

13,58918,4602,2312,8544,87111,15729,61735 to <50

7,69210,8651,3541,7163,1737,06316,63850 to <60

9,07114,1832,0892,6505,1125,77321,24660 to <75

10,65917,2992,6213,3006,64010,38427,68375 to <100

7,08712,2841,8622,3385,1976,73119,015100 to <125

5,1609,3471,5521,9414,1874,08813,435125 to <150

5,97910,6691,7042,1254,6904,23814,907150 to <200

5,48810,4421,8322,2744,9543,42913,870200 and over

55,39163,50873,04772,26681,58954,28060,400Median Income

83,43293,636105,382104,296113,67978,41988,337Mean Income

75-79 HHLDS HHLDS65-69 70-74 80-84 85+Household Income

(000's Dollars)

65+ 75+

16,66348,6043,8225,1357,45611,74819,661Total

3,1566,3639718951,2751,2241,972Less than 15

3,0686,3488139001,2931,2381,97815 to <25

2,5996,2036537871,1221,3402,19825 to <35

2,8658,3825369161,3562,0303,37335 to <50

1,2274,5942034075941,2362,05950 to <60

1,1184,2532133605251,1401,94660 to <75

1,0684,6681693565311,3052,24675 to <100

5562,8121201762568211,421100 to <125

3631,61373115173459791125 to <150

4142,077431442185931,037150 to <200

2291,2912779113362640200 and over

33,11144,64226,93034,82235,42050,34051,501Median Income

47,82063,38438,74350,09250,53870,05271,708Mean Income



Page 7 of 13Projection Age / Income



Totals by Age of Householder85+80-8470-7465-69

75+ HHLDS

65+ HHLDS75-79by Income by Age of Householder

2014 Households with 2+ ADLs

1,2291,960610323296316415Total

26934715958523444Less than 15

2463251335954354415 to <25

1982831025145374825 to <35

198327865854567335 to <50

80158322523344450 to <60

77148342221304160 to <75

67147262120344675 to <100

3786181092128100 to <125

245211761216125 to <150

22576881520150 to <200

1130344811200 and over

31,96142,83626,27533,82434,33348,92949,795Median Income

42,64151,90537,14647,60948,54366,88567,935Mean Income

75-7965+

HHLDS75+

HHLDS65-69 70-74 80-84 85+2019 Households with 2+ ADLsby Income by Age of Householder

1,4562,424675406375415553Total

30640417171644355Less than 15

2793791437165445615 to <25

2333421156256476225 to <35

236403957368729535 to <50

98200363230445850 to <60

93188382926405560 to <75

85194302827466375 to <100

481172114132940100 to <125

316913991622125 to <150

3080811112129150 to <200

17485661318200 and over

33,08944,61827,08734,83935,66250,45551,379Median Income

45,08455,44238,99549,74950,99270,20171,639Mean Income



Page 8 of 13ADLs Age / Income2010 2014 2019census current projection


Totals by Age of Householder75-79

65+ HHLDS

75+ HHLDS65-69 70-74 80-84 85+

2014 HHlds w/Dementia and 1+ ADLsby Income by Age of Householder

606930272180154143181Total

1301657132271619Less than 15

120155593328161915 to <25

98136462824172125 to <35

99156393228253235 to <50

4074141412151950 to <60

3870151211141860 to <75

3368111210152075 to <100

1940865912100 to <125

122454357125 to <150

122835479150 to <200

51412245200 and over

32,03042,85026,30433,92934,16748,80049,531Median Income

42,95851,66236,74947,89148,16067,22068,510Mean Income

75-7965+

HHLDS75+

HHLDS65-69 70-74 80-84 85+

2019 Households with 1+ ADLsby Income by Age of Householder

7251,155302224199190240Total

1501947739342024Less than 15

137181643934202415 to <25

116165523430222725 to <35

118192424036334135 to <50

5095161816202550 to <60

4789171614182460 to <75

4391131614212775 to <100

255510871317100 to <125

1633655710125 to <150

15383661013150 to <200

82223368200 and over

33,09944,67426,92335,00035,83350,00051,600Median Income

45,30654,97638,51049,50050,90070,15872,168Mean Income



Page 9 of 13Dementia Age / Income2010 2014 2019census current projection


HOME VALUE 2019 Number *AA%2014Home Value and Wealth Change 2014 - 2019

Total Owner Units 10,309 12,813 2,504 4.9

Less than $50,000 635 746 111 3.5

$50,000 to $99,999 788 833 45 1.1

$100,000 to $149,999 1,787 2,003 216 2.4

$150,000 to $199,999 2,302 2,738 436 3.8

$200,000 to $249,999 1,486 1,880 394 5.3

$250,000 to $299,999 1,177 1,458 281 4.8

$300,000 to $399,999 1,067 1,508 441 8.3

$400,000 to $499,999 459 701 242 10.5

$500,000 to $749,999 451 647 196 8.7

$750,000 to $999,999 80 175 95 23.8

$1,000,000 and over 77 124 47 12.2

Median Value ** 192,223 202,287 10,064 1.0

Age 75+ HouseholdsBy Percentage of TotalLess than $50,000 6.2 5.8 -0.4 -1.3

$50,000 to $99,999 7.6 6.5 -1.1 -2.9

$100,000 to $149,999 17.3 15.6 -1.7 -2.0

$150,000 to $199,999 22.3 21.4 -0.9 -0.8

$200,000 to $249,999 14.4 14.7 0.3 0.4

$250,000 to $299,999 11.4 11.4 0 0.0

$300,000 to $399,999 10.4 11.8 1.4 2.7

$400,000 to $499,999 4.5 5.5 1 4.4

$500,000 to $749,999 4.4 5 0.6 2.7

$750,000 to $999,999 0.8 1.4 0.6 15.0

$1,000,000 and over 0.7 1 0.3 8.6

Households2014 2019

75+ Households Household Wealth

4.53,00116,31213,311TOTAL

3.14573,4322,975Less than $25,000

3.867424357$25,000 to $49,999

4.3126716590$50,000 to $74,999

4.3103580477$75,000 to $99,999

4.52031,109906$100,000 to $149,999

4.64052,1581,753$150,000 to $249,999

5.06783,4032,725$250,000 to $499,000

5.33521,6741,322$500,000 to $749,000

4.2160914754$750,000 to $999,999

6.24501,9021,452$1,000,000 and over

0.910,745237,813227,068Age 75+ Median Net Worth



Page 10 of 13Home Value and Wealth - Age 75+ Households2010 2014 2019census current projection


HOME VALUE 2019 Number *AA%2014Home Value and Wealth Change 2014 - 2019

Total Owner Units 146727 154,154 7,427 1.0Less than $50,000 6,443 6,241 -202 -0.6$50,000 to $99,999 11,719 10,493 -1,226 -2.1$100,000 to $149,999 25,996 24,626 -1,370 -1.1$150,000 to $199,999 33,043 33,262 219 0.1$200,000 to $249,999 21495.8 22971 1,475 1.4$250,000 to $299,999 17027.3 17863.3 836 1.0$300,000 to $399,999 15513.4 18503.8 2,990 3.9$400,000 to $499,999 6747.2 8704.4 1,957 5.8$500,000 to $749,999 6512.1 7881.5 1,369 4.2$750,000 to $999,999 1141.8 2120 978 17.1$1,000,000 and over 1088.4 1488 400 7.3Median Value ** 194,192 205,341 11,149 1.1

All HouseholdsBy Percentage of TotalLess than $50,000 4.4 4 -0.4 -1.8$50,000 to $99,999 8 6.8 -1.2 -3.0$100,000 to $149,999 17.7 16 -1.7 -1.9$150,000 to $199,999 22.5 21.6 -0.9 -0.8$200,000 to $249,999 14.7 14.9 0.2 0.3$250,000 to $299,999 11.6 11.6 0 0.0$300,000 to $399,999 10.6 12 1.4 2.6$400,000 to $499,999 4.6 5.6 1 4.3$500,000 to $749,999 4.4 5.1 0.7 3.2$750,000 to $999,999 0.8 1.4 0.6 15.0$1,000,000 and over 0.7 1 0.3 8.6

Households2014 2019

All Households Household Wealth

1.111,080215,692204,612TOTAL

0.93,53883,20479,666Less than $25,000

0.741912,63912,220$25,000 to $49,999

0.841410,2259,811$50,000 to $74,999

0.83388,3698,031$75,000 to $99,999

1.064313,88113,238$100,000 to $149,999

1.095319,27218,319$150,000 to $249,999

1.21,50226,53125,029$250,000 to $499,000

1.481412,53411,720$500,000 to $749,000

1.55577,8317,274$750,000 to $999,999

2.01,90221,20619,304$1,000,000 and over

0.93,41680,31176,896Median Net Worth



Page 11 of 13 Home Value and Wealth - All Households2010 2014 2019census current projection


POPULATION * 2019Change 2010 - 2014

Number *AA%2010 2014 Number *AA%Market Area Population Change 2014 - 2019

Total AmIn/AlNat Pop. 1803.1 1972.2 2,209 169 2.3 237 2.4AmIn/AlNat Age 65 - 69 31 38 55 7 5.6 17 8.9AmIn/AlNat Age 70 - 74 20 32 49 12 15.0 17 10.6AmIn/AlNat Age 75 - 79 10 13 19 3 7.5 6 9.2AmIn/AlNat Age 80 - 84 12 15 24 3 6.3 9 12.0AmIn/AlNat Age 85 and older 4 6 13 2 12.5 7 23.3Median AmIn/AlNat Age 32.7 32.3 35.4 0 -0.3 3 1.9

Total Asian Pop. 23496.8 25833.7 29,193 2,337 2.5 3,359 2.6Asian Population Age 65 - 69 571 821 1,160 250 10.9 339 8.3Asian Population Age 70 - 74 370 525 881 155 10.5 356 13.6Asian Population Age 75 - 79 236 313 498 77 8.2 185 11.8Asian Population Age 80 - 84 124 136 188 12 2.4 52 7.6Asian Population Age and older 87 124 156 37 10.6 32 5.2Median Asian Age 35.5 36.1 37.2 1 0.4 1 0.6

Total Black Population 94213.5 101255.2 111,482 7,042 1.9 10,227 2.0Black Population Age 65 - 69 1,497 2,076 2,963 579 9.7 887 8.5Black Population Age 70 - 74 988 1,274 2,029 286 7.2 755 11.9Black Population Age 75 - 79 618 765 1,125 147 5.9 360 9.4Black Population Age 80 - 84 390 452 580 62 4.0 128 5.7Black Population Age 85 and older 391 480 589 89 5.7 109 4.5Median Black Age 30.2 31.2 33 1 0.8 2 1.2

Total Pacific Islander Pop. 299.7 394.4 532 95 7.9 138 7.0PI Population Age 65 - 69 2 5 8 3 37.5 3 12.0PI Population Age 70 - 74 5 10 17 5 25.0 7 14.0PI Population Age 75 - 79 2 4 9 2 25.0 5 25.0PI Population Age 80 - 84 0 1 3 1 1.0 2 40.0PI Population Age 85 and older 0 0 2 0 1.0 2 0.0Median PI Age 30.2 29.4 33.5 -1 -0.7 4 2.8

Total White Pop. 387671.8 393715.8 400,842 6,044 0.4 7,126 0.4White Population Age 65-69 15,931 20,759 25,889 4,828 7.6 5,130 4.9White Population Age 70-74 10,317 13,222 18,723 2,905 7.0 5,501 8.3White Population Age 75-79 7,386 8,598 11,481 1,212 4.1 2,883 6.7White Population Age 80-84 5,170 5,635 6,604 465 2.2 969 3.4White Population Age 85 and older 4,593 5,221 5,819 628 3.4 598 2.3Median White Age 39.3 40.8 43 2 1.0 2 1.1

Total Hispanic Pop. 63750 72657 85,309 8,907 3.5 12,652 3.5Hispanic Population Age 65-69 568 869 1,415 301 13.2 546 12.6Hispanic Population Age 70-74 405 606 1,135 201 12.4 529 17.5Hispanic Population Age 75-79 237 310 535 73 7.7 225 14.5Hispanic Population Age 80-84 154 198 302 44 7.1 104 10.5Hispanic Population Age 85 and older 140 176 245 36 6.4 69 7.8Median Hispanic Age 25.7 26.4 27.4

* "Other Race" and "2 or More Races" counts are not included, therefore totals by race will not sum to Total Population.



Page 12 of 13Population Age 65+ by Race and Hispanic Origin2010 2014 2019census current projection


Market Area Geography

State County Tract Block Group Zip Code

Market Area selection type: List of zip codes

13 30008 Marietta, GA







13 30101 Acworth, GA

13 30102 Acworth, GA

13 30121 Cartersville, GA

13 30137 Emerson, GA

13 30144 Kennesaw, GA

13 30152 Kennesaw, GA

13 30189 Woodstock, GA


Acworth PMA Acworth,GA 2010 2014 2019census current projection


ATTACHMENT 2

Spend Down Tables

Accum Assets Age 75+ Interest Actual Medical & Total Monthly Monthly Required to be Median Net Worth Proceeds

Month AL Monthly Fee Other Personal Costs Monthly Cost Income Short Fall Drawn $235,664 1.0%1 $3,825 $1,000 $4,825 $2,917 $1,908 $1,908 $233,756 $1952 $3,825 $1,000 $4,825 $2,917 $1,908 $3,816 $232,043 $1933 $3,825 $1,000 $4,825 $2,917 $1,908 $5,724 $230,329 $1924 $3,825 $1,000 $4,825 $2,917 $1,908 $7,632 $228,613 $1915 $3,825 $1,000 $4,825 $2,917 $1,908 $9,539 $226,895 $1896 $3,825 $1,000 $4,825 $2,917 $1,908 $11,447 $225,176 $1887 $3,825 $1,000 $4,825 $2,917 $1,908 $13,355 $223,456 $1868 $3,825 $1,000 $4,825 $2,917 $1,908 $15,263 $221,735 $1859 $3,825 $1,000 $4,825 $2,917 $1,908 $17,171 $220,011 $18310 $3,825 $1,000 $4,825 $2,917 $1,908 $19,079 $218,287 $18211 $3,825 $1,000 $4,825 $2,917 $1,908 $20,987 $216,561 $18012 $3,825 $1,000 $4,825 $2,917 $1,908 $22,895 $214,834 $17913 $4,016 $1,050 $5,066 $3,019 $2,047 $24,942 $212,966 $17714 $4,016 $1,050 $5,066 $3,019 $2,047 $26,989 $211,096 $17615 $4,016 $1,050 $5,066 $3,019 $2,047 $29,036 $209,225 $17416 $4,016 $1,050 $5,066 $3,019 $2,047 $31,083 $207,352 $17317 $4,016 $1,050 $5,066 $3,019 $2,047 $33,130 $205,478 $17118 $4,016 $1,050 $5,066 $3,019 $2,047 $35,177 $203,602 $17019 $4,016 $1,050 $5,066 $3,019 $2,047 $37,224 $201,725 $16820 $4,016 $1,050 $5,066 $3,019 $2,047 $39,271 $199,846 $16721 $4,016 $1,050 $5,066 $3,019 $2,047 $41,318 $197,965 $16522 $4,016 $1,050 $5,066 $3,019 $2,047 $43,365 $196,083 $16323 $4,016 $1,050 $5,066 $3,019 $2,047 $45,412 $194,200 $16224 $4,016 $1,050 $5,066 $3,019 $2,047 $47,459 $192,315 $16025 $4,217 $1,103 $5,319 $3,124 $2,195 $49,653 $190,280 $15926 $4,217 $1,103 $5,319 $3,124 $2,195 $51,848 $188,244 $15727 $4,217 $1,103 $5,319 $3,124 $2,195 $54,043 $186,206 $15528 $4,217 $1,103 $5,319 $3,124 $2,195 $56,237 $184,167 $15329 $4,217 $1,103 $5,319 $3,124 $2,195 $58,432 $182,126 $15230 $4,217 $1,103 $5,319 $3,124 $2,195 $60,627 $180,083 $15031 $4,217 $1,103 $5,319 $3,124 $2,195 $62,821 $178,038 $14832 $4,217 $1,103 $5,319 $3,124 $2,195 $65,016 $175,992 $14733 $4,217 $1,103 $5,319 $3,124 $2,195 $67,211 $173,944 $14534 $4,217 $1,103 $5,319 $3,124 $2,195 $69,405 $171,894 $14335 $4,217 $1,103 $5,319 $3,124 $2,195 $71,600 $169,843 $14236 $4,217 $1,103 $5,319 $3,124 $2,195 $73,795 $167,790 $14037 $4,427 $1,158 $5,585 $3,234 $2,351 $76,146 $165,578 $13838 $4,427 $1,158 $5,585 $3,234 $2,351 $78,497 $163,365 $13639 $4,427 $1,158 $5,585 $3,234 $2,351 $80,848 $161,150 $13440 $4,427 $1,158 $5,585 $3,234 $2,351 $83,200 $158,933 $13241 $4,427 $1,158 $5,585 $3,234 $2,351 $85,551 $156,714 $13142 $4,427 $1,158 $5,585 $3,234 $2,351 $87,902 $154,493 $12943 $4,427 $1,158 $5,585 $3,234 $2,351 $90,253 $152,271 $12744 $4,427 $1,158 $5,585 $3,234 $2,351 $92,605 $150,047 $12545 $4,427 $1,158 $5,585 $3,234 $2,351 $94,956 $147,820 $12346 $4,427 $1,158 $5,585 $3,234 $2,351 $97,307 $145,592 $12147 $4,427 $1,158 $5,585 $3,234 $2,351 $99,658 $143,362 $11948 $4,427 $1,158 $5,585 $3,234 $2,351 $102,010 $141,131 $11849 $4,649 $1,216 $5,864 $3,347 $2,517 $104,527 $138,731 $11650 $4,649 $1,216 $5,864 $3,347 $2,517 $107,044 $136,329 $11451 $4,649 $1,216 $5,864 $3,347 $2,517 $109,562 $133,925 $11252 $4,649 $1,216 $5,864 $3,347 $2,517 $112,079 $131,520 $11053 $4,649 $1,216 $5,864 $3,347 $2,517 $114,596 $129,112 $10854 $4,649 $1,216 $5,864 $3,347 $2,517 $117,114 $126,702 $10655 $4,649 $1,216 $5,864 $3,347 $2,517 $119,631 $124,291 $10456 $4,649 $1,216 $5,864 $3,347 $2,517 $122,148 $121,877 $10257 $4,649 $1,216 $5,864 $3,347 $2,517 $124,666 $119,461 $10058 $4,649 $1,216 $5,864 $3,347 $2,517 $127,183 $117,043 $9859 $4,649 $1,216 $5,864 $3,347 $2,517 $129,700 $114,623 $9660 $4,649 $1,216 $5,864 $3,347 $2,517 $132,218 $112,202 $94

Spend Down Model Inputs Note: The 2009 Overview of Assisted Living reports the5.00% Annual Monthly Fee and Personal Expense Increase average length of stay in assisted living at 28.3 months.

$35,000 Annual Household Income Minimum Threshold3.50% Annual Income Increase

Assisted Living Spend Down Analysis

Typical Owner Household Resident Spend Down Profile

Acworth PMA

Accum Assets Age 75+ Interest Actual Medical & Total Monthly Monthly Required to be Median Net Worth Proceeds

Month DC Monthly Fee Other Personal Costs Monthly Cost Income Short Fall Drawn $235,664 1.0%1 $5,464 $1,000 $6,464 $5,000 $1,464 $1,464 $234,200 $1952 $5,464 $1,000 $6,464 $5,000 $1,464 $2,927 $232,932 $1943 $5,464 $1,000 $6,464 $5,000 $1,464 $4,391 $231,662 $1934 $5,464 $1,000 $6,464 $5,000 $1,464 $5,855 $230,392 $1925 $5,464 $1,000 $6,464 $5,000 $1,464 $7,318 $229,120 $1916 $5,464 $1,000 $6,464 $5,000 $1,464 $8,782 $227,847 $1907 $5,464 $1,000 $6,464 $5,000 $1,464 $10,245 $226,574 $1898 $5,464 $1,000 $6,464 $5,000 $1,464 $11,709 $225,299 $1889 $5,464 $1,000 $6,464 $5,000 $1,464 $13,173 $224,023 $18710 $5,464 $1,000 $6,464 $5,000 $1,464 $14,636 $222,746 $18611 $5,464 $1,000 $6,464 $5,000 $1,464 $16,100 $221,468 $18512 $5,464 $1,000 $6,464 $5,000 $1,464 $17,564 $220,189 $18313 $5,737 $1,050 $6,787 $5,175 $1,612 $19,175 $218,761 $18214 $5,737 $1,050 $6,787 $5,175 $1,612 $20,787 $217,331 $18115 $5,737 $1,050 $6,787 $5,175 $1,612 $22,399 $215,900 $18016 $5,737 $1,050 $6,787 $5,175 $1,612 $24,011 $214,468 $17917 $5,737 $1,050 $6,787 $5,175 $1,612 $25,623 $213,035 $17818 $5,737 $1,050 $6,787 $5,175 $1,612 $27,235 $211,601 $17619 $5,737 $1,050 $6,787 $5,175 $1,612 $28,846 $210,166 $17520 $5,737 $1,050 $6,787 $5,175 $1,612 $30,458 $208,729 $17421 $5,737 $1,050 $6,787 $5,175 $1,612 $32,070 $207,291 $17322 $5,737 $1,050 $6,787 $5,175 $1,612 $33,682 $205,852 $17223 $5,737 $1,050 $6,787 $5,175 $1,612 $35,294 $204,412 $17024 $5,737 $1,050 $6,787 $5,175 $1,612 $36,905 $202,970 $16925 $6,024 $1,103 $7,126 $5,356 $1,770 $38,675 $201,369 $16826 $6,024 $1,103 $7,126 $5,356 $1,770 $40,445 $199,767 $16627 $6,024 $1,103 $7,126 $5,356 $1,770 $42,216 $198,164 $16528 $6,024 $1,103 $7,126 $5,356 $1,770 $43,986 $196,559 $16429 $6,024 $1,103 $7,126 $5,356 $1,770 $45,756 $194,952 $16230 $6,024 $1,103 $7,126 $5,356 $1,770 $47,526 $193,345 $16131 $6,024 $1,103 $7,126 $5,356 $1,770 $49,296 $191,736 $16032 $6,024 $1,103 $7,126 $5,356 $1,770 $51,066 $190,126 $15833 $6,024 $1,103 $7,126 $5,356 $1,770 $52,836 $188,514 $15734 $6,024 $1,103 $7,126 $5,356 $1,770 $54,606 $186,901 $15635 $6,024 $1,103 $7,126 $5,356 $1,770 $56,376 $185,287 $15436 $6,024 $1,103 $7,126 $5,356 $1,770 $58,146 $183,671 $15337 $6,325 $1,158 $7,482 $5,544 $1,939 $60,085 $181,885 $15238 $6,325 $1,158 $7,482 $5,544 $1,939 $62,024 $180,098 $15039 $6,325 $1,158 $7,482 $5,544 $1,939 $63,962 $178,309 $14940 $6,325 $1,158 $7,482 $5,544 $1,939 $65,901 $176,519 $14741 $6,325 $1,158 $7,482 $5,544 $1,939 $67,840 $174,727 $14642 $6,325 $1,158 $7,482 $5,544 $1,939 $69,779 $172,934 $14443 $6,325 $1,158 $7,482 $5,544 $1,939 $71,718 $171,139 $14344 $6,325 $1,158 $7,482 $5,544 $1,939 $73,657 $169,343 $14145 $6,325 $1,158 $7,482 $5,544 $1,939 $75,596 $167,545 $14046 $6,325 $1,158 $7,482 $5,544 $1,939 $77,535 $165,746 $13847 $6,325 $1,158 $7,482 $5,544 $1,939 $79,473 $163,945 $13748 $6,325 $1,158 $7,482 $5,544 $1,939 $81,412 $162,143 $13549 $6,641 $1,216 $7,857 $5,738 $2,119 $83,531 $160,159 $13350 $6,641 $1,216 $7,857 $5,738 $2,119 $85,650 $158,174 $13251 $6,641 $1,216 $7,857 $5,738 $2,119 $87,769 $156,186 $13052 $6,641 $1,216 $7,857 $5,738 $2,119 $89,888 $154,198 $12853 $6,641 $1,216 $7,857 $5,738 $2,119 $92,007 $152,207 $12754 $6,641 $1,216 $7,857 $5,738 $2,119 $94,126 $150,215 $12555 $6,641 $1,216 $7,857 $5,738 $2,119 $96,245 $148,221 $12456 $6,641 $1,216 $7,857 $5,738 $2,119 $98,364 $146,226 $12257 $6,641 $1,216 $7,857 $5,738 $2,119 $100,483 $144,229 $12058 $6,641 $1,216 $7,857 $5,738 $2,119 $102,602 $142,230 $11959 $6,641 $1,216 $7,857 $5,738 $2,119 $104,721 $140,229 $11760 $6,641 $1,216 $7,857 $5,738 $2,119 $106,840 $138,227 $115

Spend Down Model Inputs Note: The 2009 Overview of Assisted Living reports the5.00% Annual Monthly Fee and Personal Expense Increase average length of stay in assisted living at 28.3 months.

$60,000 Annual Household Income Minimum Threshold3.50% Annual Income Increase

Acworth PMADementia Care Spend Down Analysis

Typical Owner Household Resident Spend Down Profile

memorandum · living and assisted living dementia care community on a site located in acworth,...

Documents