Cardinal Group Companies Announces Substantial New Business Growth In Q3
DENVER, CO – October 9, 2023 – Cardinal Group Companies (CGC), a leader in the multifamily housing industry, announces substantial new business growth in Q3 across its conventional and affordable portfolios.
Cardinal strategically grew in the mountain market through conventional multifamily housing and affordable housing properties. Notably, the addition of Life Bridge, a multifamily housing portfolio comprised of 1,463 units spread across 13 communities throughout Colorado and Idaho, marked a substantial addition to Cardinal’s conventional housing management portfolio. Furthermore, Cardinal strengthened its foothold in Colorado with the management of a second Build-to-Rent community, The Cottages at Erie Commons, located in Erie, CO.
“We’re very excited to see this level of success in our conventional growth, ” comments Hayden Cullen, Director of Business Development, Cardinal Group. “The addition of Life Bridge to our portfolio was significant in establishing a firm presence in several markets across Colorado. We’re very excited to leverage this success and our team’s expertise to continue to build on this momentum.”
Cardinal also announces its entrance into a new management vertical – military housing, with The Flats At Big Tex located in San Antonio, TX. This 338-unit military housing community marks Cardinal’s inaugural foray into military housing property management and signals Cardinal’s ability to deliver best-in-class service to a diverse range of asset types. “As a veteran, one of my greatest passions is to support the military community, and it is an honor to be able to do that with the Cardinal platform,” says Alex O’Brien, CEO of Cardinal Group.
Cardinal remains steadfast in its commitment to creating engaging communities where residents thrive and delivering outstanding client results. Armed with an extensive portfolio of over 12,000 conventional housing units, Cardinal’s wealth of experience in multifamily housing properties will support the management of these new communities.
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. CGC’s management platform oversees nearly 90,000 student housing beds and nearly 40,000 total units across the U.S., including CGC’s owned portfolio and third-party managed properties.
To learn more about Cardinal Group Companies, please visit www.CardinalGroup.com.