Commonwealth Terrace Cooperative

Name

Commonwealth Terrace Cooperative

Legal name

Commonwealth Terrace Cooperative

Website

https://umnctc.org

Company type

Private

Founded year

1970

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Student Housing Cooperative

NAICS

General Rental Centers (532310)

SIC

Services-To Dwellings & Other Buildings (7340)

akta.pro primary industry

Cooperative (Co-op) Housing Association Management (BPAJAHAC)

Keywords

• Student housing cooperative
• University apartment rentals
• Affordable family housing
• Member-owned housing
• Graduate student housing

Headquarters

HQ city

Minneapolis

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Marketing or Sales, Others

Revenue model

1. Monthly Rental Income: CTC generates revenue through monthly rental payments from residents occupying apartments. The cooperative offers member rates (reduced rent for co-op members) and non-member rates. Residents pay monthly rent which includes utilities (heat, water, gas, electricity, waste disposal, and internet). The cooperative is not-for-profit and member-owned.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Commonwealth Terrace Cooperative provides 23 unfurnished one-, two-, and three-bedroom apartment units on month-to-month leases to University of Minnesota students and their families. Rent includes all utilities (heat, water, gas, electricity, waste disposal, internet), access to shared community amenities (playground, study center, laundry, garden plots), and the option to join the cooperative for reduced rent and governance participation. The cooperative operates a waiting list and prioritizes applicants by academic and familial status.

Product overview

Commonwealth Terrace Cooperative is a student housing community operating as a single unified offering—a residential cooperative with one-, two-, and three-bedroom apartment units. The product portfolio includes three apartment types (One-Bedroom, Two-Bedroom, Three-Bedroom) differentiated by size and pricing, supplemented by an optional Co-op Membership add-on that provides rent discounts and governance participation. Community and apartment amenities are included features rather than separate products. The cooperative is designed for University of Minnesota students and their families, with emphasis on affordability, sustainability, and community living.

Differentiator

Problem solved

Functional benefit

Products and services

• One-Bedroom Apartment 399 sq ft one-bedroom, one-bathroom apartment offered in lower and upper level configurations, available at member rates ($919–$947/month FY2025–2027) and non-member rates ($979–$1,007/month). For University of Minnesota students and their families seeking single-occupant affordable housing near campus.
• Two-Bedroom Apartment 710–746 sq ft two-bedroom, one-bathroom apartment in split level and Phase IV configurations, available at member rates ($1,239–$1,281/month FY2025–2027) and non-member rates ($1,299–$1,341/month). For University of Minnesota students, roommates, and small families seeking affordable multi-bedroom housing near campus.
• Three-Bedroom Apartment 995–1,003 sq ft three-bedroom, one-bathroom apartment in Phase IV configuration, available at member rates ($1,535–$1,581/month FY2025–2027) and non-member rates ($1,595–$1,641/month). For University of Minnesota families and shared-student households seeking the most affordable per-bedroom pricing.
• Cooperative Membership Voluntary resident membership in the cooperative providing a $60/month rent discount versus non-member rates, voting rights on policy changes, patronage refunds in profitable years, and participation in democratic governance via the elected Board of Directors. Approximately 95% of CTC households participate as members. For University of Minnesota-affiliated residents seeking reduced rent and a voice in cooperative operations.

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered minor and core.

• University of Minnesota Police Department (UMPD)minorStrategic or Co-development Partner · 12 August 2026UMPD's Bike Unit and Community Engagement Team hosts a free Bike Safety Camp at CTC for children ages 5+ and their families. Event includes biking skills, etiquette, and safety tips.
• University of MinnesotacoreStrategic or Co-development PartnerCTC has a formal partnership with the University of Minnesota that defines eligibility requirements. At least one resident per household must be actively enrolled at the University under specific academic titles. The University determines eligibility standards, and the co-op is positioned as university-adjacent student housing.
• Nourish MNminorStrategic or Co-development PartnerNourish MN is a St. Paul-based organization dedicated to fighting hunger with dignity through a community-powered, client-choice food shelf. CTC hosts monthly food/supply collection events benefiting Nourish MN.
• Kitchen Coalition (Second Harvest Heartland)minorStrategic or Co-development PartnerKitchen Coalition, an initiative of Second Harvest Heartland, provides free ready-to-heat meals at CTC every Thursday. Meals are produced by The Campus Club and distributed in the CTC North/Seasonal Parking Lot.
• Keystone Community ServicesminorStrategic or Co-development PartnerIn partnership with the University of Minnesota and Keystone Community Services, the Keystone Foodmobile brings a free, mobile food shelf to CTC monthly. Coordinated with Nutritious U Food Pantry, open to University of Minnesota students, families, and the public.
• Nutritious U Food PantryminorStrategic or Co-development PartnerNutritious U helps coordinate outreach and volunteers for the Keystone Foodmobile distribution at CTC. Partnership supports campus food security initiatives.

Scale indicators5 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Berkeley Student Cooperative: Student housing cooperative serving University of California, Berkeley students with member-owned units and governance. Operates the same member-owned cooperative model as CTC, providing affordable student housing with democratic participation and community-focused amenities.
• Campus Cooperative (University of Michigan): Member-owned housing cooperative near the University of Michigan offering affordable apartments to students. Closely mirrors CTC's cooperative ownership structure, university-adjacent positioning, and member-governance model.
• Inter-Cooperative Council at Ann Arbor: Federation of student housing cooperatives serving University of Michigan students. Comparable to CTC in its member-owned cooperative structure and dedication to affordable, community-oriented student housing near a major research university.
• Midwest Living-Learning Center (MLC) / University Students Cooperative Association: Regional association of student housing cooperatives operating member-owned facilities across multiple universities. Relevant peer for its cooperative governance model and shared operational support for student housing co-ops like CTC.

Broad incumbents

• Greystar Real Estate Partners: Largest operator of student housing in the US with significant presence near the University of Minnesota through properties like The Bridges. Competes with CTC for the same renter pool but offers purpose-built, amenitized units at market-rate pricing.
• American Campus Communities: Large publicly traded student housing REIT that owns, manages, and develops purpose-built student housing across major US university markets. Competes with CTC for University of Minnesota students but at vastly greater scale and with newer, amenity-rich assets.
• The Scion Group: Student housing developer and operator with assets near major universities. Comparable to CTC as a competing provider of purpose-built student housing near UMN, though at much larger scale and with commercial rather than cooperative ownership.
• Cardinal Group Companies: National student housing management and development firm operating communities at universities across the US. Competes for University of Minnesota students through newer, professionally-managed communities and represents the private-operator benchmark against CTC's cooperative model.

Others

• Yardi Systems (RentCafe): Property management software provider whose RentCafe platform CTC uses for resident services, applications, and lease management. Included as a key technology/infrastructure partner rather than a direct competitor.
• National Association of Housing Cooperatives: Trade association supporting housing cooperatives nationwide, including student co-ops like CTC. Relevant as the industry body that advocates for and supports the cooperative housing model that defines CTC's operating structure.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/commonwealth-terrace-cooperative

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Commonwealth Terrace Cooperative