University Towers is a private membership cooperative housing corporation (a "co-op"), which owns a 17-story tower consisting of studios, one, two and three bedroom apartments for purchase. Each of the 238 apartments is owned by an individual shareholder in the corporation who also owns a "proprietary lease".
The corporation is not a monthly rental apartment landlord, and new shareholders need to be approved by the corporation's admission committee before joining the community of shareholder-owners. Our shareholders have as their mission a desire to support a diverse, inclusive, friendly community in order to maintain affordable housing.
The corporation is not a monthly rental apartment landlord, and new shareholders need to be approved by the corporation's admission committee before joining the community of shareholder-owners. Our shareholders have as their mission a desire to support a diverse, inclusive, friendly community in order to maintain affordable housing.
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