The Directory 2023-2024

H ousing

Cooperatives offer a unique, independent life

Shona Schmall Director of Sales & Marketing, Cooperative Development Estoria Cooperatives M any adults 62+ fi nd that home maintenance is taking up valuable time and money that they would rather spend doing activities they enjoy with the people most important to them. However, they struggle with the idea of selling a home they love, leaving a community where they are established, and giving up the fi nancial bene fi ts of home ownership. A housing cooperative o ff ers a unique solution to this dilemma. What is a cooperative? A cooperative, or co-op, is a housing option designed to build community and support an active lifestyle while giving its members the bene fi ts of

A cooperative might be your choice if you’d rather bike than do home maintenance.

home ownership. People living in a co-op purchase a share in the development, making them joint owners in the cooperative corporation, which owns the building and the land. Th e co-op is member-owned and

member-governed; all decisions are made democratically. Th is encourages participation by all member-owners,

Cooperatives offer a unique, independent life continues on page 41 >

COOPERATIVE LIVING FOR 62+ COMING TO LAKEVILLE

ELEVATE YOUR LIFESTYLE

Our Information Center/Showroom is now open! Personalize your new home with quality home finishes. Tour our new showroom today!

7505 Metro Boulevard, Suite 101, Edina, MN 55439

WRITE YOUR NEXT CHAPTER AT ESTORIA LAKEVILLE, A VIBRANT, MEMBER  OWNED COOPERATIVE COMMUNITY

NOW TAKING RESERVATIONS!

Don’t miss out! Now offering spacious, single-level floor plans in a community designed to cater to your active lifestyle. Enjoy the benefits of ownership along with a maintenance-free and turnkey lifestyle. It’s the best of both worlds in one of the best places in Minnesota.

CONTINUE YOUR STORY

Visit our website today to view floor plans and a complete list of amenities.

612.874.2000 | estoria lakeville.com

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