Senior Cooperative Housing: A Growing Trend
A growing trend in seniors housing is emerging in the Twin Cities market, with Ebenezer Development at the forefront of senior cooperative housing.
Recently, Ebenezer Development broke ground on Estoria Cooperative Oak Marsh, an 87-unit member-owned community for adults 62 and better in Oakdale, Minnesota.
What is Senior Cooperative Housing?
Senior cooperative housing is a type of community living arrangement where older adults collectively own and manage their residential building or community.
- Each resident purchases a share in the cooperative.
- Residents have the right to occupy a private unit and a voice in how the property is operated.
Ebenezer is embracing this housing model, with Estoria Cooperative Oak Marsh being the latest development.
Author's summary: Ebenezer leads senior cooperative housing trend.
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