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Artessa Team

Award-winning Minnesota based 4,000+ cooperative members served 45+ cooperatives developed or financed

What is a cooperative?

• A cooperative is where members collectively own and control the cooperative community where they reside.

• Members buy a share in the cooperative corporation which owns the land, building and common areas

• Each shareholder has exclusive rights to + equal share of all common areas + equal share of the property

• Unlike a condominium, a cooperative has 1 master mortgage – each owner is a shareholder to that master mortgage through the cooperative corporation

• Cooperatives, by design, are a community of like-minded people who share common interests;

• A shareholder/member must have at least one individual that is 62 or better

• A limited equity cooperative – ease of entry + ease of exit - financial predicably

• Replacement Reserves for individual residences & common area amenity refreshes

• Operational Reserves for unforeseen operational items

• Principally, buyers looking at any specific cooperative location are buyers at heart any only looking at options to buy not rent

• The price point of this housing choice appeals to a buyer that is selling a home in a community in which they intend to stay

• Strategically located in walkable neighborhoods where goods and services are within a 5 - minute walk or 2 - minute drive

The Artessa Difference

Location is everything

Boutique, walkable and amenity-rich neighborhoods to fit your lifestyle, in a space that effortlessly feels like home.

Designed for you

Community interiors and home finishing options are designed and selected by an award-winning design team.

Pride of ownership

Living designed to give you more with ownership & investment and real community.

LOCATION IS EVERYTHING

Location is Everything

Site Plan

View from 104 th Ave Entry

View from Cty Rd 81 and Maple Grove Pkwy

DESIGNED FOR YOU

RUSTIC RESORT

Resilient Materials

Rich Textures

Warm Wood Tones

Elegant Detailing

Relaxing Vibes

Enhanced Landscaping

Individualized Design

Your Front Door

Redefined

GRAND LOBBY & FIRESIDE LOUNGE

This cozy, lodge-like retreat will warmly welcome you to the community

FITNESS STUDIO

From weights and cardio to yoga and stretching, achieve your goals here

THE RESERVE

Gatherings are made easy with a full kitchen and ample seating

THE SOCIAL

Entertain grandkids at the arcade table, play pool, or watch your favorite sports in style

PICKLEBALL

Meet up with friends and neighbors for casual games or form a league

THE TERRACE

Enjoy fresh air with firepits, grill stations, and more in your outdoor living room

GUEST SUITES

Guests can enjoy an overnight stay in the two fully -furnished guest suites just steps away from your residence

DESIGNED FOR YOU

Work with the Artessa Team to personalize your new home with confidence

Residence Features

• 9’ Ceilings

• Keyless Residence Entry

• Stainless Steel Appliances

• Full-height pantry with rollouts

• Walk-in Closets

• Maintenance-free deck/patio

• And more…

Your Personalization Journey Browse Design Studio and Tour Existing Communities Design Personalization Meeting Exploration Tours Move - In! Finalize Selections 1 2 3 4 5

PRIDE OF OWNERSHIP

The Benefits of Cooperative Ownership

Limited Equity Cooperatives

40 - Year Fixed Rate Master Mortgage Ease of Entry/ Ease of Exit

Provides certainty in an ever-changing marketplace Held in the name of the Cooperative and

– low interest rate Resale of homes through a cooperative maintained waitlist of future owners

Maintenance-Free Benefits

Leave the work to us

• Reserves for replacement of major building and in- home components such as:

• Flooring

• Appliances

• HVAC

• And more!

• Maintenance

• Lawn care

• Snow removal

• Exterior window washing

• Appliance Maintenance

• HVAC Maintenance

• And More!

Maintenance-Free Benefits

Spend more time doing what you love

• Traveling

• Visiting with friends/family

• Hobbies & Clubs

• Volunteering

• Outdoors & Wellness

More than just your next home

• Built-in social network

• Personalized home to match your taste and style

• Robust amenities that serve as an extension of your home

• Have a voice in your community

• A simplified life in your prime

Simple and Safe Ownership

• Buy-In Share Payment:

• Share payments are personally financed and provide equity to secure the cooperative’s mortgage among shareholders – One time payment

• Monthly Membership Fee:

A correlating monthly payment which pays for operating expenses, and pro rata share of master mortgage

Monthly Membership Fee

Member’s contribution to principal, interest and mortgage insurance premium on the master 40-year fixed-rate, HUD-insured mortgage.

Assessed real estate taxes for individual unit.

Required reserves to cover an operating reserve fund, as well as future replacements such as roof, carpeting, appliances, etc.

* Above is for illustration purposes only

Contribution to community utilities; water, sewer, trash, recycling, natural gas, electricity, TV and internet.

Management and administration, including on-site staff, maintenance, groundskeeping, legal auditing, bookkeeping, property & liability insurance and more.