Cardinal Group Announces the Management of Summit Place, A 357-Bed Community in Charleston, South Carolina
DENVER, CO – May 17, 2022 – Cardinal Group Management (CGM) announces the management of Summit Place, a 357-bed student housing community in Charleston, South Carolina.
The mid-rise community was built in 2020 to serve students at The College of Charleston and offers students a convenient housing community with proximity to campus via bike or community shuttle. The fully furnished units include top-of-the-line finishes, including quartz countertops, stainless steel appliances, an in-unit washer and dryer, hardwood-style flooring, and open floorplans.
The fully amenitized community offers a well-appointed clubhouse with social games, individual and group study rooms, state-of-the-art fitness facilities, a courtyard swimming pool with lounge, and a sizeable on-site art studio. The community also provides recreational rentals for paddleboards and bicycles available to residents.
“Cardinal Group is excited to re-enter the Charleston market with a best-in-class option for students in Charleston, SC. The ability to operate in this market with a valued partner that has worked with Cardinal for several years allows us to use our fully integrated platform to its full capacity,” said Vice President of Operations, Sean Devine.
Cardinal Group is an industry leader in student housing management and strives to provide best-in-class property management services to the communities we manage. Cardinal has partnered with RealCo Capital Partners (RCP) for seven years, successfully managing nine communities and currently managing three RCP communities throughout the United States.
“Realco Capital Partners (RCP) is excited to continue our long standing relationship with Cardinal in the Charleston marketplace. Summit Place is a jewel box property in an exciting neighborhood on the Peninsula and we are excited to add this asset to our expanding portfolio,” commented Jared Heuer, Managing Partner of RCP.
For additional details about Summit Place please visit https://summitonmeeting.com/.
About Cardinal Group Companies
Cardinal Group Companies (“CGC”) is a fully integrated real estate management, investment, construction, consulting, and marketing firm focused on multifamily and student housing throughout the country. Headquartered in Denver, Colorado, CGC affiliate companies are all firmly built atop the company’s “Cardinal Culture.” Since 2007, CGC has been operating successful partnerships, focused on creating efficiency and above market performance via their commitment to challenging the status quo of the industry. To date, Cardinal Group Companies has developed several best-in-class initiatives, which have earned the company national recognition year after year. Cardinal Group Companies’ management platform oversees over 40,000 units nationwide including 11,000 conventional and affordable housing units and over 90,000 student housing beds across the U.S., including Cardinal Group, Companies’ owned portfolio and third-party managed properties.
To learn more about Cardinal Group Companies, please visit www.CardinalGroup.com.