Owner-occupied co-ops for active adults.
Designed for a carefree lifestyle, senior cooperatives offer an economical and maintenance-free way to enjoy life in a community of neighbors and friends. Residents buy shares of the corporation that owns the building — an ownership structure that offers the tax advantages of home ownership and a voice in the building’s management, providing stability in an ever-changing real estate market.
Ecumen in Action
Ecumen’s first senior cooperative project is Zvago Glen Lake, located on the north shore of Glen Lake in Minnetonka, MN, opened in 2017. Designed for active adults 62 and older, the co-op is close to dining, shopping, golf courses and outdoor recreation. Zvago Glen Lake is developed by OneTwoOne Development, a partnership between Ecumen and Lifestyle Communities.
Zvago Central Village is a 58-unit senior housing community in the heart of Apple Valley, MN, steps from dining, entertainment, shopping, golf, outdoor recreation and more. Ecumen selected a thriving location near the bus rapid transit station, which connects directly to the MOA and other light rail transit connections. Opening is anticipated for spring 2019. Ecumen is accepting priority reservations.
Zvago St. Anthony Park is a 49-unit senior housing cooperative conveniently located in the heart of downtown St. Anthony Park, in northwest Saint Paul, MN. In partnership with Luther Seminary, Ecumen is developing a senior housing co-op on the 37-acre campus of the former seminary. Opening is anticipated for early 2019.
For more information, please call 877-338-1601 or click here to contact us online.