Re: Sr Cohousing Hits Mainstream Investing: Motley Fool
From: Lynne MARKELL (lmarkellrogers.com)
Date: Sat, 21 Mar 2020 11:56:20 -0700 (PDT)
So Sand River cohousing is a condo and units are ownership. RIght??

Lynne Markell, 
Lmarkell [at] rogers.com
(613) 842-5222



> On Mar 20, 2020, at 11:49 AM, Ann Zabaldo <zabaldo [at] earthlink.net> wrote:
> 
> O Joyce, Mabel and all —
> 
> Egg on my face!  Maybe all over me …
> 
> The community I was thinking of is Sand River (previously ElderGrace) in 
> Santa Fe, NM.  Their community was funded by Santa Fe Community Housing 
> Trust.  Back when the community was in development and called ElderGrace, I 
> spoke w/ the project director/manager for the Housing Trust.  Somewhere in 
> that conversation I made a note that this would be the first or one of the 
> first fully rental cohousing communities.  While the community did, in fact, 
> receive funding through the a non profit community agency I clearly conflated 
> the community, the funding and rentals altogether.
> 
> My deepest apologies to Joyce, Mabel and everyone on this list.
> 
> :-(
> 
> Best --
> 
> Ann Zabaldo
> Takoma Village Cohousing
> Washington, DC
> Member, Board of Directors
> Mid Atlantic Cohousing
> Principal, Cohousing Collaborative, LLC
> Falls Church, VA
> 202.546.4654
> 
> I was going to make a joke about sodium and hydrogen, but NaH..
> 
> 
>> On Mar 20, 2020, at 10:54 AM, Joyce Cheney <jcheneyjc [at] gmail.com> wrote:
>> 
>> Ditto re/ checking with no answer! Plz let us know. Tnx jc
>> 
>> Sent from my iPhone
>> 
>>> On Mar 19, 2020, at 10:37 PM, Mabel Liang <mabel [at] twomeeps.com> wrote:
>>> 
>>> Hi Ann, 
>>> Cute but opaque answer.  I've wasted a lot of time reading the
>>> description of each of the communities in AZ and NM, and did not find
>>> one that seemed like it was rental cohousing, much less senior rental
>>> cohousing. 
>>> Could you please just _tell_ us the name of the community? 
>>> Thanks! 
>>> -- Mabel :-)
>>> 
>>> mabel [at] twomeeps.com
>>> Mabel Liang
>>> Cornerstone Village Cohousing
>>> 
>>> Cambridge, MA 
>>>> On 2020-03-20 01:04, Ann Zabaldo wrote:
>>>> 
>>>> Hello Joyce!
>>>> Check the directory on Cohousing.org <http://cohousing.org/>  - super good 
>>>> resource on all things cohousing.  :-)
>>>> Best --
>>>> Ann Zabaldo
>>>> Takoma Village Cohousing
>>>> Washington, DC
>>>> Member, Board of Directors
>>>> Mid Atlantic Cohousing
>>>> Principal, Cohousing Collaborative, LLC
>>>> Falls Church, VA
>>>> 202.546.4654
>>>> I was going to make a joke about sodium and hydrogen, but NaH..
>>>> On Mar 19, 2020, at 10:35 PM, Joyce Cheney <jcheneyjc [at] gmail.com> 
>>>> wrote:
>>>> Where is the one rental coho in AZ or NM? I thot I knew them all. Tnx 
>>>> Joyce Cheney Sent from my iPhone
>>>> On Mar 19, 2020, at 3:11 PM, Ann Zabaldo <zabaldo [at] earthlink.net> 
>>>> wrote:
>>>> Hello all --
>>>> Here's an article on investing in Sr. Cohousing that appeared in a Motley 
>>>> Fool newsletter.
>>>> https://www.fool.com/millionacres/real-estate-basics/real-estate-terms/senior-cohousing-the-next-senior-housing-investment/
>>>> On the one hand … YAY!  Invest in Sr. Cohousing!  Especially RENTAL 
>>>> Cohousing!  FROM THE ARTICLE:  <Senior cohousing communities that are made 
>>>> up of rentals will be more like owning a rental portfolio of single-family 
>>>> homes. The cohousing rent model may become more popular as older people 
>>>> consider housing options that will allow them to have more flexibility.>  
>>>> YES!  PLEASE INVEST!  On the other hand…Uh oh.  Somebody needs to talk to 
>>>> the writer before this goes further.  He got some of the characteristics 
>>>> of cohousing kind of right.  BUT he is writing about a standard investment 
>>>> model which may not fit the nooks and crannies of cohousing.
>>>> For instance, I don't understand this from the article:
>>>> Investing in senior cohousing requires a much different approach than most 
>>>> other real estate investments. Cohousing communities are basically 
>>>> neighborhoods that consist of like-minded people, so the investment 
>>>> strategy would be similar to developing a subdivision. < Other elder 
>>>> cohousing communities are a group of single-family rental properties.>  I 
>>>> KNOW OF ONE SR. COHOUSING RENTAL COMMUNITY IN AZ OR NM.  ARE THERE OTHERS? 
>>>>  WE CERTAINLY NEED RENTAL COHOUSING BOTH INTERGENERATIONAL AND SR. 
>>>> COHOUSING.
>>>> The writer doesn't address the deeper aspects of collaborative development 
>>>> -- especially the future residents having a say in the design and 
>>>> development of the community.  And having a say in many more aspects such 
>>>> as the Bylaws.  Many more aspects …
>>>> What do you think of this article?
>>>> Best --
>>>> Ann Zabaldo
>>>> Takoma Village Cohousing
>>>> Washington, DC
>>>> Member, Board of Directors
>>>> Mid Atlantic Cohousing
>>>> Principal, Cohousing Collaborative, LLC
>>>> Falls Church, VA
>>>> 202.546.4654
>>>> I was going to make a joke about sodium and hydrogen, but NaH..
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