ICON FINAL 05 - Investments

About Us

Cardinal Group is a vertically integrated real estate investment firm with a national footprint and management platform. We are focused on investing in the multifamily and student housing sectors and target assets that could benefit from Cardinal Group's in-house management, construction, and marketing expertise.

Our entrepreneurial roots enabled us to successfully deploy value-add strategies as our initial investments, and we have since grown our ownership portfolio to include all asset profiles ranging from core/core+ to ground-up development.

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Track Record

From a boutique investor to an institutional fund manager, our team and portfolio has grown exponentially since our founding in 2006.

Growth

  • Founding Partners established Cardinal as a boutique investor/operator
  • Formed Cardinal Group Construction to execute value-add strategies
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  • Acquired five student housing properties through joint ventures
  • Acquired two multifamily properties with HNW individuals and friends and family capital
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  • Continued acquisition growth with four multifamily properties
  • Performed significant reinvestment in the operating platform to position Cardinal for growth
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  • Launched Agency FIFTY3 to service the growing management platform and drive marketing efforts
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  • Raised CSH I, a $170 million value-add commingled fund backed by institutional investors
  • Acquired three student housing properties in CSH I
  • Third-party management platform experienced exponential growth of 147%
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  • Started Cardinal Group Consulting to advise investors on real estate transactions and performance
  • Established an insurance captive, Pikes Peak Captive, to mitigate risk caused by resident damages
  • Acquired three student housing properties in CSH I
  • Acquired one multifamily property
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  • Founded Turn Company to streamline the unit and make-ready process
  • Deployed remaining CSH I capital into the acquisition of two student housing properties
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  • Formed a JV with TPG and acquired an eight-property core plus/ value-add student housing portfolio
  • Grew our owned and third-party management platform to 70,000+ student housing beds
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  • Acquired four additional student housing properties with TPG
  • Student housing platform surpassed 80,000+ owned and third-party managed beds
  • Grew our conventional management platform to 6,500+ units
  • Launched an affordable housing management platform
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  • Recapitalized our eight-property CSH I value-add fund to a large private equity firm
  • Started our second venture with TPG focused on value-add student housing acquisitions
  • Launched a development vertical targeting student housing and multifamily development opportunities
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Notes:

  • References to "Cardinal Group Companies" or "Cardinal" refer to Cardinal Group Holdings, LLC and all of its affiliated entities, as a whole. References to "Cardinal Group" refer to Cardinal Group Investment Management, LLC and its affiliates involved in its investment activities, including its affiliated general partners and fund administrators.
  • The survey results rank managers and owners by their portfolio size at year end, and the results are released in December of the corresponding year.
  • Unit and bed count references include owned and third-party managed properties. These counts are as of year end unless otherwise noted.
  • Team size includes employees for all Cardinal affiliated verticals.
  • AUM stats are calculated based on total capitalization.

Toolbox

Driving property performance and controlling investment execution, Cardinal's key in-house verticals cover everything from development and construction to marketing and management all under one roof.

Cardinal Group Companies:

Founded: 2006 Team members: 20+
logo cardinal group investments - Investments

A fully integrated investment management platform providing acquisition, development, asset management, and disposition services

Founded: 2022 Team members: 5+
development - Investments

The in-house development platform is focused on all stages of the development process to identify, design, and build high-quality student housing and multifamily real estate in superior locations

Founded: 2006 Team members: 1600+
logo cardinal group management - Investments

The management platform provides operational expertise and national scale across the student housing and conventional multifamily sectors

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Founded: 2018 Team members: 5+
logo consulting - Investments

The Consulting platform provides clients with data-driven research and actionable recommendations by leveraging nationwide data and analytics from each Cardinal vertical

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Founded: 2006 Team members: 5+
logo cardinal group construction - Investments

An in-house construction management team providing due diligence, design, construction management, procurement, and owner's rep services to streamline the value-add renovation strategies

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Founded: 2016 Team members: 100+
logo agency fifty 3 - Investments

An award winning digital and design agency serving multiple real estate sectors, including student housing and multifamily

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Founded: 2019 Team members: 5+
Turn Logo FullColor - Investments

Student housing unit turn and make-ready contract services for both on and off-campus communities

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We Are Cardinal

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At our core

The success of Cardinal’s vertically integrated platforms has always been driven by one thing: our people. We set out from the very beginning to create a culture that serves them day in and day out.

From core value number one—do the right thing, all the time—all the way to core value number ten—be humble—we work to build and maintain a diverse team that stands out for all the right reasons.

Investment Portfolio

12 North

College Station, Texas
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1515 Flats

Denver, Colorado
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Arcadia

Charlotte, North Carolina
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Arena District

Eugene, Oregon
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Bloc

Lubbock, Texas
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Copper Social

Marietta, Georgia
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Fifty Twenty-Five

San Diego, California
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Hill Place

Fayetteville, Arkansas
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Knightshade

Orlando, Florida
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NxNW

Tallahassee, Florida
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Park East

Lubbock, Texas
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Patterson Social

Eugene, Oregon
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RUSH

Charlotte, North Carolina
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SoL

Tempe, Arizona
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The Anthony – Element

Eugene, Oregon
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The Arrow Townhomes & Flats

Bozeman, Montana
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The Cottages at Lake Tamaha

Tuscaloosa, Alabama
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The Pearl – Element

Eugene, Oregon
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The Sonja – Element

Eugene, Oregon
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The Union | Corvallis

Corvallis, Oregon
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The Village on Telluride

San Marcos, Texas
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The Wilde Raleigh

Raleigh, North Carolina
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Uptown Broadway

Boulder, Colorado
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URSA

Waco, Texas
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Westgate – Element

Eugene, Oregon
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WestMar

Atlanta, Georgia
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See More

This material is not intended to be, nor should it be, relied on as financial product advice or other professional advice. This material has been prepared without taking into account the objectives, financial situation or needs of the readers of this content, and readers should therefore consider the appropriateness of the information contained in this material having regard to their own objectives, financial situation and needs before acting on such information.
 
The information contained in this material has not been independently audited and may vary following an independent audit or review. Certain economic, market and other information contained in this material has been obtained from sources prepared by other parties which may not have been updated through the date of the distribution of this material. The Cardinal Group and its affiliates assume no responsibility for the accuracy, completeness or reasonableness of any such information.
 
This material includes statements regarding future plans, objectives and anticipated performance of investments.  Any such statements are subject to a wide range of assumptions, risks and uncertainties and therefore there can be no assurance that actual events or results or the actual performance of the investment(s) will not differ materially from those expressed or implied by such statements.  Any investment will be subject to significant risks inherent in the development, management, construction and ownership of real estate, including construction delays, cost overruns, delays in obtaining government permits and authorizations, force majeure events, changes in market rents and local and national real estate market conditions generally, competition from other properties, changes in interest rates and the state of the debt markets, changes in real estate tax rates and other operating expenses, fluctuations in building occupancy, changes in prevailing capitalization rates, the potential imposition of rent control on other regulatory requirements, the need for ongoing capital improvements and other adverse factors beyond the control of the Cardinal Group and its affiliates. 
 
In no event shall the Cardinal Group Companies be liable to any party for any direct, indirect, special, incidental, or consequential damages of any kind whatsoever arising out of the use of this website or any information contained herein.