UNITS AVAILABLE FOR A
BROWN DEER COOPERATIVE is a thoughtfully designed community offering active, independent adults age 55 or older an alternative to home ownership that is simple and secure. Situated on six scenic acres adjacent to the Brown Deer Golf Course, this exciting form of share ownership offers tax advantages, equity growth, a community lifestyle of like-minded people, and freedom from the hassles of home maintenance responsibilities. As a shareholder at Brown Deer Cooperative, you play a part in the decision making of the day-to-day operations of the cooperative.
When: Thursday, July 21st from 11 AM - 1 PM
Where: Brown Deer Golf Club | 1900 Country Club Dr, Coralville
Learn more about Brown Deer Cooperative by attending our Informational Meeting & Community Tour on Thursday, July 21st.
This event will take place at Brown Deer Golf Club at 1900 Country Club Dr in Coralville from 11 AM - 1 PM. Enjoy light refreshments while viewing a brief presentation and Q&A session with the Brown Deer Cooperative development team. Following the meeting, attendees are also invited to join us for a tour of Brown Deer Cooperative, which is located adjacent to Brown Deer Golf Club.
Learn more and RSVP today by contacting Allison Mackin at (563) 380-8655 / Allison@BrownDeerCooperative.com or using the RSVP link below.
BROWN DEER COOPERATIVE
A housing cooperative is a form of joint ownership in a housing development. Members purchase a share in the cooperative. The cooperative holds title and owns the building and land. Members are a part of the cooperative and retain membership benefits through on occupancy agreement and through member participation.
At least one owner of each home must be age 55 or above. All owners must qualify for membership and must show that they have the financial resources to purchase the membership share.
RETURN ON INVESTMENT
The value and share will appreciate using the Limited Equity Formula, limiting appreciation to 1.5% of the share value, compounded annually. This practice is widely used by cooperatives to keep the units affordable overtime, therefore building waiting lists of prospective buyers and to promote ease of resale.
A cooperative housing specialist will work closely with members on personal design and selections of home amenities. Personal design selections for standard and upgrade options are available to buyers who purchase prior to construction deadlines.