VREC member-owners can earn up to a 6 % annual return on their investment, depending on profits. Renters receive a small refund when there is a profit after paying shareholder dividends. $ 1000 per member share. VERC's first property at 331 N Winooski Ave houses a nonprofit and is located on community-owned land through Champlain Housing Trust.

Sources and Additional Reading:

https://www.sevendaysvt.com/vermont/longtime-co-op-creator-matt-cropp-turns-his-attention-to-the-housing-crisis/Content?oid=36672660

https://property.burlingtonvt.gov/Details/?id=11304

Information updated 10/2023

Real estate investment cooperative Incorporated in March 2023, affiliated with Creative Enterprise Zone (a community-based nonprofit in the St. Anthony Park neighborhood). $1000 member share, raised more than $300k. Focus on underutilized commercial-industrial properties in the Creative Enterprise Zone district “that house, or could house, small businesses making creative things that can’t be made in an office space" like "leather makers, bookbinders, woodworking, ceramics and more." One of the first focus properties is the Prior Works building.

Sources and Additional Reading:

https://finance-commerce.com/2023/09/real-estate-co-ops-a-growing-commercial-real-estate-trend/

https://www.twincities.com/2023/08/29/want-to-buy-a-commercial-building-taproot-seeks-community-investors-for-home-of-can-can-wonderland-hour-car/

Information updated 10/2023

Inspired by NorthEast Investment Cooperative and started in 2015, with a $10 membership fee, has more than 500 members. Focus on real estate located in New York City with programming proposed in the property supporting culture, small business, cooperation, and community benefit and benefiting populations that have traditionally had barriers to accessing stable places to assemble and do their work. Self-described as an "organizing tool attached to a financing and asset management platform"

Sources and Additional Reading:

https://media.carolinewoolard.com/texts/Crains_New_York_.pdf

https://carolinewoolard.com/system/nyc-real-estate-investment-cooperative/

https://youtu.be/UCzHh2CXrsI?si=jmNJqfPNCCWW7NDW&t=2034

Information updated 10/2023

Community-centered development multi-stakeholder coop democratically run and led by People of Color. EB PREC removes land and housing from the speculative market to create permanently affordable, community-controlled homes. Four types of owners are staff, resident, community, and investor owners. Took advantage of new CA law (AB816) which allows the coop to directly raise funds from individuals in CA up to $1000 per person.

Sources and Additional Reading:

https://peopleseconomy.org/east-bay-permanent-real-estate-cooperative/

Information updated 10/2023

A community real estate investment coop that's open for anyone in Minnesota to join and targets properties in the Hamline Midway neighborhood. Started selling $100 Class A membership shares in June 2023, additional shares can be purchased but each member gets one vote regardless of the amount of shares held. The coop's mission is "to make long-term, stabilizing, and transformative investments for the mutual benefit of our member-owners and our community."

Information updated 10/2023

The Northeast Investment Cooperative is an investment coop that leverages member-owners' investments to purchase and rejuvenate stressed and poorly utilized residential and commercial properties in Northeast Minneapolis, with an emphasis on the Central and Lowry Avenue corridors. NEIC's structure allows any Minnesota resident to join the coop for $1,000 and invest more by purchasing different classes of non-voting stock. NEIC owns two properties (1601 37th Ave NE & 2506 Central Ave NE). It has 282 members in 2021.

Sources and Additional Reading:

https://ilsr.org/do-it-yourselves-downtown-investment-cooperative-model/

https://static1.squarespace.com/static/55206cffe4b0566549cd76bb/t/63acf10eee069b26997a3ff5/1672278293030/NEIC+2021+Annual+Report.pdf

https://www.neic.coop/1601-37th-ave

https://www.neic.coop/2506-central

Information updated 10/2023

NICE, located and focusing in North Minneapolis, is working with Twin Cities Land Bank to acquire two properties (3445 and 3449 Penn) with the plan to acquire two additional buildings located on the same block. NICE plans to work with a community land trust for the land trust to own and hold the land where NICE's properties will be located. Membership share is $50, and those with more funds can buy additional non-voting shares.

Information updated 10/2023