Dear Friend,
Thank you for your interest in the Independent Living apartment project at Highland Green. The ownership model is transitioning from a monthly lease to a co-operative ownership and purchase
We anticipate the purchase price for apartments will begin at approximately $995,000 for a 1,138 SF residence. Monthly fees will be in the $2,500 per month range. Owners will be responsible for their meal plan, electricity, and their TV and phone package.
The benefits of the co-op model include the equity and appreciation that will occur for each apartment. This co-op model approach enables the project to move forward in the shortterm through self-financing via our pre-sale program.
The luxury apartments will be spacious, corner units with abundant natural light, high ceilings, wood floors, modern finishes and amenities, and outdoor patios or balconies The floor plans will feature two bedrooms and two bathrooms. There is also a floor plan with one bedroom and an office and two bathrooms. The apartments will be larger than what is available at most communities – ranging from 1,138 SF to 2,232 SF.
The amenities at the apartments will include a restaurant-style dining room and food service program with nutritious chef-prepared meals selected by you, the resident. A wellness program is available to all residents with access to a Registered Nurse and a well-appointed fitness center. An experienced personal trainer is part of the program. There will be a busy calendar of activities and gatherings for you to consider. Housekeeping, transportation, 24-hour emergency call service, and underground parking are all part of the offering, including priority access to nearby Assisted Care and Memory Care.
If you would like to move forward with the process and select your preferred apartment, we ask that you submit the attached Reservation Deposit form along with your check.
In the final step in the process, after the Reservation Deposit, the Sales Office will provide you with detailed final pricing for your new apartment home and request that you sign a Purchase & Sale agreement. (over)
A progress payment equal to 10% of your purchase price will be due approximately 10 days after signing your Purchase & Sale agreement. Then, when we have achieved our pre-sale goal of 12 to 14 units, we will commence construction.
Depending on pre-sales, the approximate timeline for groundbreaking on the project is one year and the projected move-in for the first units is Fall of 2027 or Spring of 2028.
We have enclosed a reservation form and project description along with this letter. If you are interested in selecting your apartment, please complete the attached “Apartment Deposit & Reservation Form” and mail or email it to the office. If you have any questions, please call the Sales Office at 207-725-4549.
We look forward to working with you.
Sincerely,
Jon Leahy Julie Middleton
I wish to proceed with my apartment selection. I have signed the enclosed Reservation Agreement, selected my apartment, and enclosed my $50,000 check.
I have signed my Reservation Agreement and enclosed my $50,000 deposit check. I would like to select my apartment at a future date.
Apartment Unit Type floor plans, building location and elevations may be found at: https://highlandgreenlifestyle.com/home-options/independent-living-apartments/
Enclosures
RESERVATION AGREEMENT FOR HIGHLAND GREEN
(Independent Living Apartments at Highland Green)
Highland Green Management Company, a Maine corporation (the “Management Agent”), hereby acknowledges that Buyer(s): ____________________________________________________________ of Town/State: ______________________________, have made a refundable deposit of $50,000 as a reservation for the purchase of a cooperative unit (the “Unit”) at Highland Green in Topsham, Maine. (Payable to Highland green Management Company.) The Unit will be located in an independent living congregate housing building that is part of an existing or future cooperative homeowners’ association at Highland Green. The parties hereby acknowledge that construction of the independent living congregate housing building is expected to commence in 2026, provided, however, that such commencement date is subject to change.
Purchaser(s) and Management Agent agree to cooperate in good faith to complete the initial design phase of the Unit and to enter into a Purchase & Sale Agreement (the “P&S”) within 10 days of receiving final apartment pricing and purchase & sale Purchaser acknowledges and agrees that if a P&S is signed by the parties, the reservation deposit hereunder will be applied to the initial Ten Percent (10%) payment of the purchase price under the P&S and a remaining payment schedule will be established as follows:
30% within 30 days after the date of the P&S;
30% upon substantial completion of the rough exterior framing of the shell of the congregate building containing the Unit; and
30% upon the earlier of substantial completion of the unit or occupancy of the Unit.
If Purchaser does not sign the P&S within ten days of when it is offered to Purchaser, the reservation deposit will be returned to Purchaser and all further rights or obligations hereunder will terminate. In addition, Purchaser may terminate this Agreement at any time prior to being offered a P&S, in which case the reservation deposit hereunder will be refunded to Purchaser within thirty (30) days of such termination. Delivery of written notice of termination is required to cancel this Reservation Agreement.
Dated this day of , 2025
Purchaser(s):
NAME DOB Date
NAME DOB Date
Highland Green Management Company
By: _______________________________________________________ Its President
