Premier Redevelopment Opportunity in Prospect Park

OFFERING MEMORANDUM Amazing Location Premier Redevelopment On the Opportunity in Prospect Park Green Line 3400 University Avenue SE and 61 Bedford Street SE Near Hwy 280 Abundant Amenities

University Ave W & Green Line 280

Location

Westgate Station

3400 UNIVERSITY AVENUE SE AND 61 BEDFORD STREET SE • PROSPECT PARK • MINNEAPOLIS, MN Table of Contents

Confidentiality & Disclaimer...... 3 Location...... 4 Site Overview...... 5 Area Overview & New Developments ...... 6-11 Demographics...... 12-13 Contact...... 14

3400 UNIVERSITY AVENUE SE AND 61 BEDFORD STREET SE • PROSPECT PARK • MINNEAPOLIS, MN Confidentiality By accepting this Offering Memorandum you, and/or interested buyers you represent, acknowledge that (i) it is a confidential Offering Memorandum solely for your limited use and benefit in determining whether you or those you represent have interest in the acquisition of the Property and you and those you represent will hold it in the strictest confidence, and (ii) you and those you represent will not disclose it or its contents to any third party without the prior written authorization of the owner of the Property (“Owner”) or KimbleCo, and (iii) you and those you represent will not use any part of this Offering Memorandum in any manner detrimental to the Owner or KimbleCo. Disclaimer All information provided within is deemed reliable but not guaranteed and should be independently verified. No guarantees or warranties are made as to the accuracy or timeliness of the information provided. Prospective purchasers of the Property are advised and encouraged to conduct their own comprehensive review and analysis of the Property.

3400 UNIVERSITY AVENUE SE AND 61 BEDFORD STREET SE • PROSPECT PARK • MINNEAPOLIS, MN Location

3400 University Avenue SE and 61 Bedford Street SE

Location

To Hwy 280 0.4 mi (1 min drive)

PROSPECT PARK

3400 UNIVERSITY AVENUE SE AND 61 BEDFORD STREET SE • PROSPECT PARK • MINNEAPOLIS, MN Site Overview A superb location, 3400 University Ave SE and 61 Bedford Street SE are located in Minneapolis at the border of St. Paul in the booming Prospect Park/Towerside Innovation District/University of Minnesota area, only .2 miles to the Green Line Westgate station.

This site is on the Green Line, abuts University Avenue, and is in the midst of a thriving area of existing properties and new development projects. Its access to transit is unparalleled with close proximity to light rail, bus and walkways as well as quick access to Highways 280, I94 and I35W.

3400 University is currently zoned C1 and 61 Bedford is currently zoned R4. The City of Minneapolis is in the process of rezoning both sites to align with the approved 2040 Comprehensive Plan. AT A GLANCE The new zoning will be Community Mixed Use, Transit 10. Overlay 61 Bedford 3400 University districts applicable to both sites include “U of M” and “Pedestrian”. PID 30-029-23-41-0019 30-029-2341-0020 We encourage all prospective developer buyers to review all applicable zoning requirements. PARCEL ACREAGE .46 acres .30 acres PARCEL SQUARE FEET 20,056 SF 12,936 SF Under the proposed new zoning, there are many opportunities for PARCEL ZONING Future Zoning: Community Mixed Use, Transit 10 redevelopment at this site. KimbleCo engaged a respected local OVERLAY DISTRICTS U of M and Pedestrian architectural firm to perform a density study for multifamily product at this location. For more information, please contact us. NEIGHBORHOODS Prospect Park, Towerside Innovation District, U of M PAYABLE TOTAL TAX $27,081 (2020) $28,360 (2021) PRICE Please call broker for pricing information

3400 UNIVERSITY AVENUE SE AND 61 BEDFORD STREET SE • PROSPECT PARK • MINNEAPOLIS, MN Prospect Park

The Minneapolis enclave known as Prospect Park sits at the The Prospect Park Light Rail Station at SE 29th Ave and crossroads of the state’s two Stadium Village Light Rail Station on the Metro Transit LRT Green largest cities, a legendary river Line provide excellent access to both downtowns. Two other light and a world-class university. The rail stations serve Prospect Park: Westgate at the St. Paul border,

Big Lake Elk River area’s twisting streets and historic and StadiumRamsey Village at the U of M TCF Bank Gopher Stadium. landmarks, mix of urban and Several MetroAnoka Transit bus routes (16, 3, 120, 63, 30) complement Coon Rapids/Riverdale

natural amenities, and tapestry this service. MISSISSIPPI RIVER of residential, commercial and industrial development make it distinct in the Twin Cities Metro. Oak Grove Pkwy Existing and Planned 93rd Ave BROOKLYN PARK

85th Ave Transitways

Brooklyn Blvd Fridley

63rd Ave TWIN Prospect Park lies at the Metro’s exact geographic center: situated LAKE Brooklyn Center Transit Center

Bass Lake Rd CRYSTAL LAKE in Minneapolis between the University of Minnesota to the west, Robbinsdale C D Van Golden Valley Rd Penn White Ave Blvd Rosedale Transit Center St. Paul to the east, University Avenue to the north and the Plymouth Avenue/Theodore Wirth Park Target Field

Warehouse District/Hennepin Ave Royalston Ave/Farmers Market Nicollet Mall A Mississippi River to the south. The neighborhood is within the 3rd St Bassett Creek Valley 5th St Downtown Government Plaza Bryn Mawr Minneapolis 7th St Towerside Innovation district and categorized as the Southeast U.S. Bank Stadium 11th St West 21st St West BankEast BankStadium Village Prospect Park

West Lake St Westgate Cedar-Riverside Minneapolis district. Raymond Ave Beltline Blvd LAKE CALHOUN Franklin Ave Fairview Ave Snelling AveHamline AveLexingtonVictoria Pkwy StDale St Western Capitol/RiceAve St Wooddale Ave Lake St Lake St/Midtown Downtown Robert St St. Paul Louisiana Ave LAKE HARRIET 38th St Mounds BlvdEarl St Etna St White BearSun Ave Ray MaplewoodGreenwayHelmo Ave Ave 10th St Blake Rd The neighborhood is bordered by: Location ST. PAUL Como Neighborhood, Marcy- 46th St MISSISSIPPI RIVER Tamarack 46th St Central Downtown Hopkins MINNEAPOLIS Union 50th St/Minnehaha Park Depot Woodbury Theatre Shady Oak D Holmes Neighborhood, Seward Neighborhood, Union Park VA Medical Center WOODBURY

Opus Fort Snelling Neighborhood (District 13) in St. Paul, and South St. Anthony 66th St City West Terminal 1–Lindbergh Minneapolis-St. Paul International Airport SouthWest Golden Triangle 76th St Terminal 2–Humphrey Neighborhood (District 12) in St. Paul. Station Mall of American Blvd American Blvd America Eden Prairie Town Center Existing Transitways and Stations 28th Bloomington Ave Central METRO Blue Line (LRT) EDEN PRARIE 98th St Prospect Park’s central location in the Twin Cities metro gives it METRO Green Line (LRT) METRO Red Line (BRT) MINNESOTA RIVER Shared Station convenient access to main automobile traffic arteries through or near Cedar Grove Rapid Bus Line Northstar Line Burnsville Heart of the City BURNSVILLE Burnsville Pkwy the neighborhood (Interstate 94, SH 280, University Avenue, and Planned Transitways and Stations 140th St METRO Orange Line (BRT): 2020 Franklin Avenue). 147th St METRO Green Line extension (LRT): 2023 APPLE VALLEY METRO Blue Line extension (LRT): 2024 Apple Valley Transit Station METRO Gold Line (BRT): 2024 Rapid Bus Lines

updated 9/11/18

3400 UNIVERSITY AVENUE SE AND 61 BEDFORD STREET SE • PROSPECT PARK • MINNEAPOLIS, MN Excellent transit options along with bicycle lanes created and Neighbors working together over the years have envisioned maintained since 2009 on West River Parkway, SE 27th Ave, increased Prospect Park’s livability making it an appealing and along the U of M Transitway north of 4th Street reduce the neighborhood with easy access to services and cultural resources. dependence on automobiles within the neighborhood. The Minneapolis Park Board adopted a plan to complete the Grand Since 1995 this community has addressed neighborhood Rounds National Scenic Parkway from Northeast Minneapolis aesthetics, sense of community, neighborhood identity, awareness through Prospect Park all along SE 27th Ave, connecting to both of neighborhood services, welcoming newcomers, and organizing East and West River Parkways and across the Franklin Avenue multicultural events through the lens of the Urban Village bridge. Paradigm. Prospect Park has focused on the following attributes as a means to create a vibrant community:

o Arts & Culture o Environmental Stewardship o Historical Preservation o Housing o Luxton Community Center o Parks & Recreation o Pratt Community Center o Safety & Security o Transit: Multi-modal Transportation

* The information above are excerpts from the Prospect Park Association public website, edited. To see complete website, visit prospectparkmpls.org Witch’s Hat Water Tower, Prospect Park

3400 UNIVERSITY AVENUE SE AND 61 BEDFORD STREET SE • PROSPECT PARK • MINNEAPOLIS, MN THE SITE OF THE FUTURE Towerside Towerside Innovation District is located along the Green Line LRT corridor which links the State Capitol, hundreds of thousands of workers and Towerside is a 370-acre district at the residents between the two downtown areas, twelve university campuses, heart of the Twin Cities’ 3.5-million- thousands of acres of green space, and a rich mix of cultures, housing, person metro area. The Innovation making spaces, entertainment, art and architecture across twelve District extends from the University of neighborhoods; accessible from a major international airport, highway Minnesota on the west to the Creative network and rail system; within one of the nation’s most significant arts Enterprise Zone on the east spanning economies; and home to one of the best ranked communities in the two cities and two counties. country for entrepreneurs and start-ups.

The community-born vision for this district called for capitalizing on its PARTNERS + STAKEHOLDERS incredibly rich concentration of assets – the University of Minnesota, its Towerside is a 501(c)(3) nonprofit organization formed as an intentional medical and research complex, three Green Line LRT stations, two thriving partnership of non-profit and government agencies, higher education, neighborhoods – by creating a high-intensity, high density mix of places community residents, businesses, and developers. Its stakeholders number and spaces where working, living and innovation come together in an over 30 organizations and is represented by a dynamic board of directors. equitable, diverse and sustainable community. See the Towerside website for a list of supporters. Seeking to become a new replicable model of urban redevelopment rooted in district-wide systems for energy, stormwater management, parking, and A PLACE LIKE NO OTHER connected public realm, the Towerside Innovation District was formed to Towerside is a city-within-the-Twin Cities. Its chief assets—as the old real enable community stakeholders and facilitate the vision. As a community estate joke goes—are location, location, location. The Innovation District, and economic development framework Towerside includes a wide array situated at the hub of all Twin Cities transportation networks, is also a of partners such as higher education institutions, landowners, businesses, stone’s throw from both a renowned research university—home to 19 Nobel government, nonprofit organizations, and neighborhood groups. Towerside Prize winners in science and economics through the years—and a major creates framework guidelines, finds early capital to support the district-wide medical school. It’s located at the heart of an economically and culturally infrastructure systems and advances this vision with potential investors, dynamic metropolitan area that punches above its weight in the global developers and the neighborhoods. arena. No other place enjoys similar advantages.

*The information above are excerpts from the Towerside Innovation District public website, edited. To see complete website, visit towersidemsp.org

3400 UNIVERSITY AVENUE SE AND 61 BEDFORD STREET SE • PROSPECT PARK • MINNEAPOLIS, MN Towerside Map

61 Bedford St SE

3400 UNIVERSITY AVENUE SE AND 61 BEDFORD STREET SE • PROSPECT PARK • MINNEAPOLIS, MN Recent Area Developments PARTIAL LIST

THE LINK GREEN ON FOURTH THE LOUIS UNION FLATS THE PILLARS OF 2929 University Avenue 2901 Fourth St SE, Fourth St SE, Former Weyerhauser PROSPECT PARK SE, Minneapolis Minneapolis Minneapolis Site, St. Paul University & Malcolm Website Website Website Website Avenue Website

TYPE TYPE TYPE TYPE TYPE Mixed-use Residential Residential Residential Senior Living – Assisted 336 market-rate and luxury 177 market-rate and 70 affordable housing 217 affordable housing Living – Memory Care apartments, 30,000 Fresh 66 affordable housing apartments apartments 283 units total Thyme Grocery Store, apartments 10,100 restaurant and OTHER OTHER OTHER retail, underground and OTHER Near Prospect Park light Proposed future phases of Near Prospect Park Rail surface parking Adjacent to Prospect Park rail station, on Green market-rate apartments, station and Fresh Thyme light rail station and Green Fourth Street, participant significant green areas and grocery, childcare center OTHER Fourth Street, participant in Towerside District green linkages planned, within building Adjacent to Prospect Park in Towerside District Stormwater System near Westgate light rail light rail station and Green Stormwater System station DEVELOPER Fourth Street, participant DEVELOPER Oppidan in Towerside District DEVELOPER Aeon DEVELOPER Stormwater System Timberland Partners and Dominium Prospect Park Properties DEVELOPER Harlem Irving Companies

3400 UNIVERSITY AVENUE SE AND 61 BEDFORD STREET SE • PROSPECT PARK • MINNEAPOLIS, MN Future and Planned Developments PARTIAL LIST

THE WALLIS PROSPECT PARK EAST GATEWAY University Avenue including Approximately 30 acres at the easterly gateway Art and Architecture building to the University of Minnesota near University Website Avenue and 23rd Avenue

TYPE TYPE 256 market rate apartments and commercial A vibrant, mixed-use planned community of 3 million square feet that connects the University OTHER of Minnesota to its surrounding community, Near Westgate Station, in Prospect Park and envisioned by the University of Minnesota Towerside Innovation District Foundation Real Estate Advisors (UMFREA). EAST GATEWAY PRINCIPLES Visus, a partnership between UMFREA and People First Connected DEVELOPER the Pohlad Companies, will carry forward the Vermillion Development master planning and vision – anticipating the 24/7/365 participation of many developers. Gateway Activated & Vibrant Design Demonstration EAST GATEWAY’S VISION An exciting, eclectic, “must-be” place for Safe people. An equitable and inclusive community Sustainable alive with activities and attractions during all seasons, day and night. The place where students, researchers, travelers, healers, neighbors, spectators, academics, workers and innovators choose to gather. A point of pride and a competitive advantage for the University of Minnesota and region.

3400 UNIVERSITY AVENUE SE AND 61 BEDFORD STREET SE • PROSPECT PARK • MINNEAPOLIS, MN Market Profile

61 Bedford St SE, Minneapolis, Minnesota, 55414 2 Prepared by Esri 61 Bedford St SE, Minneapolis, Minnesota, 55414 Latitude: 44.96769 Traffic and Demographics Ring Bands: 0-1, 1-3, 3-5 mile radii Longitude: -93.20860 0 - 1 mile 1 - 3 mile 3 - 5 mile Population Summary 2000 Total Population 10,218 155,004 304,839 Traffic Count Map 2010 Total Population 13,104 158,989 299,381 2020 Total Population 17,149 174,944 324,611 61 Bedford St SE, Minneapolis, Minnesota, 55414 Prepared by Esri 2020 Group Quarters 834 18,309 8,078 Ring Bands: 0-1, 1-3, 3-5 mile radii Latitude: 44.96767 2025 Total Population 19,151 186,530 339,063 Longitude: -93.20896 2020-2025 Annual Rate 2.23% 1.29% 0.87% 2020 Total Daytime Population 21,521 221,381 347,603 Workers 13,274 135,179 194,735 Residents 8,247 86,202 152,868 Household Summary 2000 Households 4,324 61,683 134,581 2000 Average Household Size 2.18 2.23 2.20 2010 Households 5,466 63,268 134,385 2010 Average Household Size 2.25 2.22 2.17 2020 Households 7,115 70,128 145,997 2020 Average Household Size 2.29 2.23 2.17 2025 Households 7,933 75,648 152,853 2025 Average Household Size 2.31 2.22 2.17 2020-2025 Annual Rate 2.20% 1.53% 0.92% 2010 Families 1,774 27,232 60,657 2010 Average Family Size 2.72 3.05 3.08 2020 Families 2,221 29,054 63,980 2020 Average Family Size 2.74 3.06 3.10 2025 Families 2,464 30,754 66,322 2025 Average Family Size 2.74 3.06 3.10 2020-2025 Annual Rate 2.10% 1.14% 0.72% Housing Unit Summary 2000 Housing Units 4,409 63,782 139,646 Owner Occupied Housing Units 35.5% 43.9% 49.6% Renter Occupied Housing Units 62.6% 52.8% 46.7% Vacant Housing Units 1.9% 3.3% 3.6% 2010 Housing Units 5,779 68,104 146,036 Owner Occupied Housing Units 31.2% 40.7% 46.1% Renter Occupied Housing Units 63.4% 52.2% 45.9% Vacant Housing Units 5.4% 7.1% 8.0% 2020 Housing Units 7,354 75,894 157,617 Owner Occupied Housing Units 26.1% 38.0% 43.6% Renter Occupied Housing Units 70.7% 54.4% 49.1% Vacant Housing Units 3.2% 7.6% 7.4% 2025 Housing Units 8,149 81,312 164,243 Owner Occupied Housing Units 24.4% 36.5% 43.1% Renter Occupied Housing Units 73.0% 56.6% 50.0% Vacant Housing Units 2.7% 7.0% 6.9% Median Household Income 2020 $46,784 $53,813 $64,301 2025 $49,132 $57,546 $72,151 Median Home Value 2020 $332,590 $266,211 $267,058 2025 $363,803 $302,840 $304,578 Per Capita Income 2020 $30,984 $34,611 $41,386 2025 $33,170 $39,020 $46,636 Median Age 2010 24.7 28.7 33.4 2020 25.9 30.2 35.5 2025 26.0 30.5 36.2 Data Note: Household population includes persons not residing in group quarters. Average Household Size is the household population divided by total households. Persons in families include the householder and persons related to the householder by birth, marriage, or adoption. Per Capita Income represents the income received by all persons aged 15 years and over divided by the total population. Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2020 and 2025 Esri converted Census 2000 data into 2010 geography. August 11, 2020

3400 UNIVERSITY AVENUE SE AND 61 BEDFORD STREET SE • PROSPECT PARK • MINNEAPOLIS, MN Market Profile Market Profile

61 Bedford St SE, Minneapolis, Minnesota, 55414 2 Prepared by Esri 61 Bedford St SE, Minneapolis, Minnesota, 55414 2 Prepared by Esri Demographics61 Bedford St SE, Minneapolis, Minnesota, 55414 Latitude: 44.96769 61 Bedford St SE, Minneapolis, Minnesota, 55414 Latitude: 44.96769 Ring Bands: 0-1, 1-3, 3-5 mile radii Longitude: -93.20860 Ring Bands: 0-1, 1-3, 3-5 mile radii Longitude: -93.20860 0 - 1 mile 1 - 3 mile 3 - 5 mile 0 - 1 mile 1 - 3 mile 3 - 5 mile 2020 Households by Income Top 3 Tapestry Segments Household Income Base 7,115 70,128 145,997 1. Dorms to Diplomas (14C) Emerald City (8B) Metro Renters (3B) <$15,000 19.9% 16.5% 11.5% 2. College Towns (14B) College Towns (14B) Emerald City (8B) $15,000 - $24,999 11.8% 9.0% 7.5% 3. Metro Renters (3B) Social Security Set (9F) In Style (5B) $25,000 - $34,999 6.9% 9.7% 8.6% 2020 Consumer Spending $35,000 - $49,999 13.7% 11.6% 11.3% Apparel & Services: Total $ $13,874,367 $148,535,159 $335,047,339 $50,000 - $74,999 12.7% 15.5% 16.8% Average Spent $1,950.02 $2,118.06 $2,294.89 $75,000 - $99,999 9.9% 9.9% 12.0% Spending Potential Index 91 99 107 $100,000 - $149,999 11.7% 13.8% 16.4% Education: Total $ $13,266,802 $126,441,741 $271,499,569 $150,000 - $199,999 7.5% 6.5% 7.6% Average Spent $1,864.62 $1,803.01 $1,859.62 $200,000+ 5.8% 7.6% 8.2% Spending Potential Index 104 101 104 Average Household Income $74,999 $83,880 $92,035 Entertainment/Recreation: Total $ $18,756,234 $207,831,938 $473,787,479 2025 Households by Income Average Spent $2,636.15 $2,963.61 $3,245.19 Household Income Base 7,933 75,648 152,853 Spending Potential Index 81 91 100 <$15,000 18.3% 15.0% 10.3% $15,000 - $24,999 11.4% 8.2% 6.4% Food at Home: Total $ $32,086,924 $355,462,687 $805,989,733 $25,000 - $34,999 6.8% 9.4% 7.9% Average Spent $4,509.76 $5,068.77 $5,520.59 $35,000 - $49,999 14.1% 11.6% 10.7% Spending Potential Index 84 95 103 $50,000 - $74,999 12.6% 15.3% 16.0% Food Away from Home: Total $ $24,598,241 $258,909,421 $584,398,277 $75,000 - $99,999 10.0% 9.9% 12.1% Average Spent $3,457.24 $3,691.96 $4,002.81 $100,000 - $149,999 12.6% 14.3% 17.9% Spending Potential Index 92 98 106 $150,000 - $199,999 8.3% 7.4% 9.1% Health Care: Total $ $30,937,187 $353,187,520 $813,431,303 $200,000+ 5.8% 9.0% 9.6% Average Spent $4,348.16 $5,036.33 $5,571.56 Average Household Income $80,523 $93,697 $103,596 Spending Potential Index 76 88 97 2020 Owner Occupied Housing Units by Value HH Furnishings & Equipment: Total $ $12,731,412 $140,911,200 $322,035,357 Total 1,916 28,799 68,676 Average Spent $1,789.38 $2,009.34 $2,205.77 <$50,000 0.8% 1.4% 1.5% Spending Potential Index 82 92 101 $50,000 - $99,999 0.4% 1.8% 2.4% Personal Care Products & Services: Total $ $5,767,337 $61,982,185 $140,560,439 $100,000 - $149,999 1.3% 5.7% 5.7% Average Spent $810.59 $883.84 $962.76 $150,000 - $199,999 6.9% 15.2% 13.5% Spending Potential Index 88 96 105 $200,000 - $249,999 17.4% 20.8% 21.2% Shelter: Total $ $124,350,955 $1,344,098,613 $3,029,250,008 $250,000 - $299,999 13.3% 15.8% 16.7% Average Spent $17,477.30 $19,166.36 $20,748.71 $300,000 - $399,999 30.4% 18.0% 20.4% Spending Potential Index 90 99 107 $400,000 - $499,999 15.5% 9.0% 9.2% Support Payments/Cash Contributions/Gifts in Kind: Total $ $12,281,187 $142,760,305 $328,652,782 $500,000 - $749,999 11.0% 8.1% 6.3% Average Spent $1,726.10 $2,035.71 $2,251.09 $750,000 - $999,999 2.7% 2.4% 1.9% Spending Potential Index 74 87 96 $1,000,000 - $1,499,999 0.1% 1.2% 0.8% $1,500,000 - $1,999,999 0.0% 0.2% 0.1% Travel: Total $ $13,153,703 $150,427,891 $348,698,629 $2,000,000 + 0.2% 0.3% 0.2% Average Spent $1,848.73 $2,145.05 $2,388.40 Average Home Value $364,379 $327,320 $312,896 Spending Potential Index 77 89 99 2025 Owner Occupied Housing Units by Value Vehicle Maintenance & Repairs: Total $ $7,412,130 $78,985,891 $177,422,070 Total 1,987 29,620 70,792 Average Spent $1,041.76 $1,126.31 $1,215.24 <$50,000 0.3% 0.9% 0.8% Spending Potential Index 90 97 105 $50,000 - $99,999 0.1% 0.7% 1.1% $100,000 - $149,999 0.3% 2.6% 2.6% $150,000 - $199,999 3.0% 9.1% 8.1% $200,000 - $249,999 12.0% 18.4% 18.0% $250,000 - $299,999 12.4% 17.8% 18.3% $300,000 - $399,999 34.3% 22.5% 25.9% $400,000 - $499,999 19.4% 11.9% 12.6% $500,000 - $749,999 13.9% 10.6% 8.7% $750,000 - $999,999 3.8% 3.5% 2.7% $1,000,000 - $1,499,999 0.1% 1.4% 1.0% $1,500,000 - $1,999,999 0.0% 0.3% 0.1% $2,000,000 + 0.3% 0.5% 0.2% Average Home Value $402,846 $371,980 $353,584 Data Note: Consumer spending shows the amount spent on a variety of goods and services by households that reside in the area. Expenditures are shown by broad budget categories that are not mutually exclusive. Consumer spending does not equal business revenue. Total and Average Amount Spent Per Household represent annual Data Note: Income represents the preceding year, expressed in current dollars. Household income includes wage and salary earnings, interest dividends, net rents, figures. The Spending Potential Index represents the amount spent in the area relative to a national average of 100. pensions, SSI and welfare payments, child support, and alimony. Source: Consumer Spending data are derived from the 2017 and 2018 Consumer Expenditure Surveys, Bureau of Labor Statistics. Esri. Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2020 and 2025 Esri converted Census 2000 data into 2010 geography. Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2020 and 2025 Esri converted Census 2000 data into 2010 geography. August 11, 2020 August 11, 2020

3400 UNIVERSITY AVENUE SE AND 61 BEDFORD STREET SE • PROSPECT PARK • MINNEAPOLIS, MN JULIEKIMBLE ERICKAMILLER 612.670.8552 952.452.2919 [email protected] [email protected]

see our results at kimbleconsult.com

Information deemed reliable but not guaranteed. All information should be independently verified. No guarantees or warranties are made as to the accuracy or timeliness of the information provided.