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Thread: "Village Cooperative" - Real Estate Equities Development LLC

  1. #1
    Senior Member
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    Dec 2010
    Location
    Price County, WI
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    805

    "Village Cooperative" - Real Estate Equities Development LLC

    This developer has been active since 1972, building and managing multifamily housing, including 28 coops for seniors in 8 states... 1,400 units of coop apartments. I believe their coop developments have a trade name "Village Cooperative". The head office is Eagan MN.

    From their website it appears reedevelopment.com is currently most active in new developments in the state of CO.

    I would welcome any first hand (or second, or third!) reviews of what it is like to live in their developments and/or buy and sell equity shares in their coops. It seems that buyers of resale units pay a deposit and go on a waiting list.


    Feel free to send me a private message on this site if you have impressions or experiences regarding a "Village Cooperative" that you would like to be treated confidentially.

  2. #2
    Senior Member
    Join Date
    Aug 2011
    Location
    California
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    975
    It's an interesting concept. I'd be interested in seeing prices, if they were to develop in California. My impression is that they are developing in areas with significant land available, which would not be the case here... Although the first thing that struck me was how inconvenient it would be to have a dog, living there...

  3. #3
    Senior Member Rogar's Avatar
    Join Date
    Jan 2011
    Location
    Colorado
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    2,659
    I had to look them up. There is one just a few miles from my home that is listed as under construction and apparently only a few units are still available and the rest are sold. No knowledge other than that, but I like the concept. It's a good niche for an aging population.

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