In general, the share’s original price, plus potential return on your investment will be returned to you or your estate upon sale to a new member.

Your share purchase is a one-time payment based on the size and type of unit that you select. To request the price of a specific unit please click on the Contact Us tab found on the Home Page.

After you purchase your share with a one-time payment, your costs include the monthly charge and your personal expenses. The monthly charge includes each unit's proportionate share of the operating costs for the entire cooperative including: mortgage principal and interest, the mortgage insurance premium, required reserves (for long-term repairs and replacements), real estate taxes, an underground parking space, gas heat, sewer, water, trash and recycling removal, fiber-optic internet service, and professional property management staff onsite.

Members are personally responsible for payment of their electricity and telephone service, as well as the homeowner’s insurance premium covering their personal property. It is strongly recommended that members obtain insurance specifically written to insure their personal property and secure a HO-6 insurance policy for their unit.

Go to the Cost/Lifestyle Comparison Worksheet link to help you compare your current living costs to the cost of living at Willow Brook Cooperative.

As a member, you own a cooperative share that provides you with 1) an ownership interest in the cooperative corporation evidenced by a Certificate of Membership, 2) an exclusive right to occupy the unit you have purchased verified by an Occupancy Agreement and 3) the right to enjoy all the cooperative’s common areas.

To maintain our vibrant independent living environment, eligibility at Willow Brook is based on a few simple criteria. At least one household member must be age 62 or better, and all residents must meet the minimum income requirements established by the cooperative board. For the health and comfort of our community, our entire building and grounds are strictly smoke-free. Additionally, because we focus on active adult homeownership rather than assisted care, residents must be able to live independently.

The key difference is the ownership structure. When you buy a condominium you own the unit and a percentage of the common area. When you buy into a cooperative you purchase a share of the whole property. Members are invested in shared space and have housing security. It’s the best of both worlds, independent living with a community feel.

Joining a cooperative waitlist is a strategic move that secures your future while keeping your current options completely open. Because senior living cooperatives are highly sought-after for their financial equity benefits and maintenance-free lifestyle, available units sell quickly and are almost always offered to waitlist members first.

Willowbrooks Office: 507-388-2886

Email: willowbrookmankato@gmail.com

Entering the waitlist early ensures you get high-priority selection for your preferred floor plan, building location, or scenic view. It also gives you total control over your timeline, allowing you to downsize on your own terms with zero pressure, while providing valuable peace of mind that your next step is already perfectly planned.

• It helps you plan for your future home with greater confidence and peace of mind.
• You receive timely updates about the community.
• You have more time to get to know Willow Brook and its members.
• You can secure your place even if you do not expect to move for several years.

To reserve your place on the list, we encourage you to apply as early as possible