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Cardinal Group Development is composed of highly-regarded student housing and conventional multifamily development professionals with experience developing over 50 projects across eight countries. The team seeks attractive opportunities in high growth and supply constrained markets that are poised to generate strong returns for our investors. By focusing on a boutique development strategy, Cardinal secures unmatchable infill locations, reducing lease-up risk and improving liquidity optionality.

Current Projects

Current Projects

Ocean Meadows Development

University of California – Santa Barbara
370 beds / 57 Units

  • Construction Start: January 2024
  • Completed: August 2025
  • One- and five-bedroom single-family homes designed for University of California, Santa Barbara students

The Cove

UC Santa Barbara

Santa Barbara, CA

57 Units / 370 Beds

  • Construction Start: 2023
  • Completed: Fall 2025
  • Status: Delivered
Arcadia clubhouse main entrance exterior

Heyday Blacksburg

Virginia Tech

Blacksburg, VA

211 Units / 493 Beds

  • Construction Start: 2025
  • Completed: Fall 2027
  • Status: Under Construction
Arcadia clubhouse main entrance exterior

Heyday Raleigh

NC State University

Raleigh, NC

147 Units / 291 Beds

  • Construction Start: 2025
  • Completed: Fall 2027
  • Status: Under Construction
Arcadia clubhouse main entrance exterior

Heyday Columbia

University of South Carolina

Columbia, SC

237 Units / 544 Beds

  • Construction Start: 2026
  • Completed: Fall 2028
  • Status: Under Construction
Arcadia clubhouse main entrance exterior

Champaign-Urbana

University of Illinois

Champaign, IL

238 Units / 525 Beds

  • Construction Start: 2026
  • Completed: Fall 2028
  • Status: Under Contract
Arcadia clubhouse main entrance exterior

Corvallis

Oregon State University

Corvallis, OR

170 Units / 504 Beds

  • Construction Start: 2026
  • Completed: Fall 2028
  • Status: Under Contract
Arcadia clubhouse main entrance exterior

Athens

University of Georgia

Athens, GA

186 Units / 521 Beds

  • Construction Start: 2027
  • Completed: Fall 2029
  • Status: Under Contract
Arcadia clubhouse main entrance exterior

Baton Rouge

Louisiana State University

Baton Rouge, LA

201 Units / 396 Beds

  • Construction Start: 2027
  • Completed: Fall 2029
  • Status: Under Contract
Arcadia clubhouse main entrance exterior

Tuscaloosa

University of Alabama

Tuscaloosa, AL

214 Units / 380 Beds

  • Construction Start: 2027
  • Completed: Fall 2029
  • Status: Under Contract
Arcadia clubhouse main entrance exterior

STUDENT HOUSING TEAM EXPERIENCE

• 19,000+ Beds Developed
• 42 Properties
• 32 Universities
• 8 Countries

MULTIFAMILY HOUSING TEAM EXPERIENCE

• 3,000+ Multifamily Units
• 9 Properties
• 4 Markets
• 2 Countries