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Mr. Jim Waters Quest Develonment, Inc. July 24 2013 DEMOGRAPHIC HIGHLIGHTS The subject property is located in the St. Anthony, MN. St. Anthony is a "first- ring" northern suburb of Minneapolis. We expect that the primary market area for apartments at the proposed site would include St. Anthony along with far northeast Minneapolis (zip code 55418), New Brighton, Fridley, Columbia Heights and Hilltop, as depicted on the map below. A summary of the market area's demographic composition and that of the seven -county Twin Cities Metro Area is provided on the following pages. St. Anthony, MN Market Area • The St. Anthony market area had an estimated 2012 population of 97,603 residents according to ESRI Business Information Solutions, a nationally recognized econometric forecasting firm. • The median household income for the St. Anthony market area was estimated to be $51,088 in 2012, compared to $61,175 for the Twin Cities metro area as a whole, • According to ESRI estimates, approximately 19% of households in the St. Anthony market area earn more than $100,000 /year, compared to 27% region wide. • The median home value was estimated at $167,711 in the St. Anthony market area, compared to $194,499 for the Twin Cities Metro Area as a whole. • The St. Anthony market area resident base is slightly older compared to the balance of the region, with a median age of 38.1, compared to 36.2 for the region. Marquette Advisors Page 8 P, •VkGUe n 0ktlebP X:v �� e•� 4M RbeuYlele ' P SWfI.AY YYxY Polreur v ow± ' f •�•••. +.. a X.tlb eo4d �xw NXpe tun �Yl. &IWon .. R I— b1.41.- a unn l Vb (GrvLaY .Sn Ar N et.MY .An Are .Y ..P Ave kf _ ... IINY..p Rn00m.XYe yT1. 1¢ IYI. lets [Wa M V Y ss e NeO.eim lake - a ,1 u a. Yc - Ix, RMlcl. m — Pvx cnCO ixw 9L Paul - • The St. Anthony market area had an estimated 2012 population of 97,603 residents according to ESRI Business Information Solutions, a nationally recognized econometric forecasting firm. • The median household income for the St. Anthony market area was estimated to be $51,088 in 2012, compared to $61,175 for the Twin Cities metro area as a whole, • According to ESRI estimates, approximately 19% of households in the St. Anthony market area earn more than $100,000 /year, compared to 27% region wide. • The median home value was estimated at $167,711 in the St. Anthony market area, compared to $194,499 for the Twin Cities Metro Area as a whole. • The St. Anthony market area resident base is slightly older compared to the balance of the region, with a median age of 38.1, compared to 36.2 for the region. Marquette Advisors Page 8