Brown Deer
Cooperative
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 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.
RETURN ON INVESTMENT
The value and share will appreciate using the Limited Equity Formula, limiting appreciation to 2.5% 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.
OWNER ELIGIBILITY
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.
COOPERATIVE
LIVING
A housing cooperative is a unique form of shared homeownership within a residential community. Instead of purchasing real estate directly, individuals purchase a share in the cooperative corporation.
The cooperative itself holds title to and owns the building and the land. As shareholders, members are granted the right to live in a specific unit through an occupancy agreement. Membership also includes the opportunity to participate in the governance and decision-making of the community, ensuring that residents have a voice in how their cooperative operates and grows.
In essence, a housing cooperative combines the financial benefits of ownership with the security and community focus of shared living. It appeals to those who value stability, democratic governance, and connection to their neighbors, making it a unique alternative to traditional homeownership or rental arrangements.