Real Estate Equities Development Plans New Senior Housing Cooperative in Lakewood, Colorado

Real Estate Equities Development Plans New Senior Housing Cooperative in Lakewood, Colorado

LAKEWOOD, CO - Real Estate Equities Development announced plans for its newest Village Cooperative community, which will be the first owner-occupied senior housing cooperative in Lakewood, Colorado. Senior cooperative housing communities originally began in Minnesota in the 1970s and have had a successful track record with over 120 communities, primarily in the Midwest.

Real Estate Equities Development is the developer for the Village Cooperative and has 29 Village Cooperative communities that are either operating, under construction, or scheduled for construction in the next year and can be found in six different states.

"Our company started developing Village Cooperative communities in 2003 because we saw the demand for this type of dynamic lifestyle. These communities give active adults and retirees an excellent option of home ownership with a hassle-free lifestyle. We include the amenities they desire and all for a great value," said Keith Jans, President of Real Estate Equities Development.

Details for the Village Cooperative in Lakewood, CO will be unveiled at upcoming public informational seminars that begin on April 12th. They will be held as an opportunity for the public to learn more about how maintenance-free cooperative living works, the community and lifestyle, its Lakewood location, the financial benefits as well as a background on cooperative housing and why it has been so popular. Priority numbers will be accepted as an important step to reserve a home in the new cooperative.

The multi-story Village Cooperative building will feature beautifully decorated community areas including a community room with kitchen, guest suite for friends and families, club room, reading areas, raised outdoor gardening beds, workshop, fitness center, internal storage area and underground heated parking with a car wash bay. Because the building is 100% owner-occupied, priority number holders will have the opportunity to choose from a wide variety of spacious homes that range from approximately 875 sq. ft. to over 1,700 sq. ft. of living space. Options vary from one bedroom and one bathroom plans up to 2 bedroom and 2 bathroom plans with a den. Each home is completely maintenance-free and has its own private laundry room, storage area and balcony. Fully-equipped kitchens include spacious, open floor plans with kitchen islands, rollout shelving in the base cabinets and a choice of cabinetry and countertops to suit each member's personal style.

The cooperative will also employ a Member Services Manager as well as offer courtesy services. As a cooperative, the members control all aspects of ownership. There is no other senior cooperative in the area that offers the convenience and easy lifestyle available at the Village Cooperative.

Real Estate Equities Development is a Twin-Cities, Minnesota based real estate development and property management firm with its roots dating back to the 1970s. Over the past decade, Real Estate Equities Development has developed over 40 projects comprising over 2,200 homes with a value of over $400,000,000 in urban, suburban, and medium-sized Midwestern communities. Their Village Cooperative communities can be found in Minnesota, Wisconsin, Iowa, Kansas, Missouri, and now Colorado.

Source: Real Estate Equities Development / #Senior #Housing

More Stories

Get The Newsletter

Get The Newsletter

The latest multifamily industry news delivered to your inbox.