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A Tradition of Innovation
Our History
While our history as a provider of senior living communities goes back more than 100 years, Ebenezer Development has made a name for itself as the leader in innovative housing choices for seniors at various life stages. As a pioneer in the management of senior housing cooperatives, Ebenezer is currently managing more than 60 member-owned cooperatives throughout the Upper Midwest, operating in Iowa, Wisconsin and Nebraska. Bearing a rich history, beginning with the founding of the first senior living cooperative in the nation at 7500 York in Edina, Minnesota, Ebenezer has the experience, resources, and support it takes to create successful member-owned cooperatives.
As one of the largest senior housing provider in the U.S., Ebenezer is pleased to announce the launch of a new division and brand, Estoria Cooperatives, a collection of member-owned cooperative communities designed exclusively for adults 62 and over, with the very first cooperative development project located in Lakeville, Minnesota.
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Dream
Big
SOUND INVESTMENT.
NEW INNOVATIVE DESIGN.
Developed by Ebenezer, Minnesota’s leader in housing solutions for seniors, Estoria Cooperatives combine Ebenezer’s rich history with the promise of an innovative, bright future for younger seniors. Since the first cooperative opened more than 40 years ago, cooperative living has grown in popularity with adults 62+. Combining all the advantages of home ownership with the maintenance-free lifestyle of renting and the support of an engaged community, cooperatives provide a unique opportunity to live life to the fullest.
Live Your Best Life
The ownership aspect and participatory lifestyle of a cooperative set it apart from other forms of housing for younger seniors. Member-owners of a cooperative are the decision-makers. Ebenezer Development provides professional guidance to various supporting committees and a member-elected board of directors that receives training to serve in the best interest of the cooperative community. Joining an ownership group and a community of peers with similar interests, and working together toward common goals for the betterment of the community, builds a spirit of unity, creating friendships that last a lifetime. Welcome to Estoria Cooperatives.
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Cooperative Comparison
What's the Difference?
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Co-Op
Ownership
Everyone has ownership interest in the entire property together. The cooperative holds the title to the master mortgage.
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Condo
Ownership
Everyone owns a divided piece of the property, holding individual titles. Owners take fee title or have sole ownership of a dwelling unit.
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Renting
or Buy-In
No ownership. The building is owned by a third party and charges tenants to live there. Buy-ins may retain a portion of the upfront cost upon transfer/re-sale.
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Imagine
a fresh start
See the Possibilities of New
The interest in cooperatives has grown rapidly over the years. Cooperatives meet the needs of younger seniors who are looking for an easier place to live but don’t need, and aren’t ready to pay for, extensive services, who want to retain the benefits of ownership, and who want to live in a home that will allow them to age in place. Although housing cooperatives have evolved over the years, the design concepts pioneered by Ebenezer at 7500 York – including full-size homes with interior flow that are adaptable as owners age, plus extensive common rooms for leisure, all housed in a building owned and operated completely by its member-residents – have provided a highly desirable response to those needs.
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Invest in Your Future
Taking a state-of-the-art approach to building design, Estoria Cooperatives works with top architects and development partners to create innovative and thoughtfully designed living spaces. Each amenity is designed with the needs of those 62+ and over in mind, providing carefree living that is simple, secure, and enjoyable. You can look forward to:
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Security
Reasonably priced homes with built-in equity appreciation ensure a sound investment.
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Safety
Innovative building design features the latest in security, with 24-hour security cameras at all common points of entry, gives peace of mind.
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Technology
The latest technology integrated with innovative communication systems in common areas and in your home keeps you connected with new neighbors, friends, and family.
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Convenience
Secure package and food delivery room and Guest Suites for visiting family and friends make living easy.
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Enjoyment
Indoor and outdoor common spaces, including sound rooms for music, meditation, or massage; art studio; yoga/fitness classroom; pub room; golf simulator; patio with firepit and grill stations; game and lounge areas; pickleball courts; and community green spaces create places to relax with old and new friends.
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Family Pets
A pet spa/dog wash station, pet park with artificial turf, and walking paths help make a happy home for your furry friend.
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Wellbeing
Holistic health and wellness programs offer lifelong learning opportunities.
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Health
Through contract services, wellness coaching and personal training options create endless chances for personal growth.
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Connections
Through our affiliation with M Health Fairview, we provide optional health care services to ensure peace of mind for those we serve.
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