The Village Cooperative
is a nationwide network of senior cooperative housing communities, sometimes called “co- ops.” “While it’s not a new concept, it is new to the Broomfield area,” says Von Schmidt. “In fact, senior cooperatives have been around for over 40 years, primarily found throughout the Midwest.” Real Estate Equities Development,
LLC, the development company behind the Village Cooperatives, has been in business since 1972 with a primary focus on cooperatives since 2003.
There are two primary costs associated with cooperative living: the equity share purchase, which is a one- time payment based on the size of your home; and the monthly fee for operating expenses. Upon purchase of a home, each member- owner within the community owns an equity share in the Cooperative Corporation. The value of this equity share will increase in a predictable way, appreciating at 3% for every year that members live at the Village Cooperative. “The fact that the equity goes back to our members with a three percent equity annual increase, and the monthly payment includes all maintenance costs for much less than a local apartment’s rent, makes this an easy choice for many people,” says Von Schmidt. Additionally, he added that the sense of community created extends well beyond one’s own specific neighborhood. “In fact, we have members who communicate and have developed relationships with members in our other cooperatives,” he says.
Broomfield, with its popular arts, cultural and recreational activities, made a natural choice for a Village Cooperative location. “When we look to develop a new
housing community for active adults, we carefully select the area using a whole host of data points,” says
Von Schmidt. “But these communities don’t serve data points, they serve real people. That is why we are so excited about our Village Cooperative community that is Now Under Construction in Broomfield. It is an opportunity for residents in the area to stay close to friends and family in a fantastic location and still be active in the local community.”
The Village Cooperative of Broomfield will feature only 58 homes available in a variety of spacious designs, from one bedroom/ one bathroom to two bedroom, two bathroom homes, some with dens and media rooms. “Those who reserve early can choose their home’s interior finishes to suit their personal tastes,” says Von Schmidt. Each home is equipped with a washer and dryer, in- home storage, walk- in closets and individually- controlled
HVAC systems. Starting at about 900 square feet to well over 1,500 square feet, the homes are carefully laid out in a secure, three- story building that includes a number of amenities for residents, such as a club room, reading areas, hobby space, guest suite, central elevator and exterior garden plots. The garage even features a car wash bay. For active travelers or those who choose to live elsewhere part of the year, the
Village Cooperative offers comprehensive “while you’re away” services.
While these amenities contribute to the ease and convenience of cooperative living, it is your neighbors who will bring joy to life at the Village Cooperative. “The people really make the cooperative their own and each has its own personality,” says Von Schmidt. “It’s different from other senior housing because it provides all the amenities for a fraction of the price of a ranch- or patio- home in the area. It’s better than a condo because the resident members own a share in the entire development and with that ownership comes a sense of pride and commitment not seen in condos or townhomes, where residents don’t engage with each other as much and have little or no say in how the property is managed.” Furthermore, the Village Cooperative provides an active and social alternative to assisted living for seniors who are ready to spend less time worrying about home maintenance and more time doing the things they love with the ones they love.
Pre- opening reservations are being taken for the Village Cooperative of Broomfield and homes are expected to sell out soon. Now is the time to reserve your place in this active new senior housing community. “As a national leader with 43 locations in 10 states either operating, under construction or planned for construction this year, we believe that, with all the amenities and at such a great value, this is the best option available in the market for active seniors,” says Von Schmidt.
“It’s different from other senior housing because it provides all the amenities for a fraction of the price of a ranch- or patiohome in the area.”