Cardinal Group Investments Acquires Campus Lodge in Norman, Oklahoma
DENVER, CO – April 17, 2024 – Cardinal Group Investments (“Cardinal”), a Denver-based real estate company, announces its latest acquisition of Campus Lodge in Norman, Oklahoma. Situated moments away from the University of Oklahoma, Campus Lodge offers a comprehensive Norman experience that extends beyond just an accommodation. Deeply rooted in tradition and enriched with modern facilities, these residences offer a holistic atmosphere for students where they can live, learn, and grow.
Cardinal’s value-add plans include elevating the community finishes through interior upgrades with refreshed appliances, cabinets, counters with an undermount sink and gooseneck faucet, luxury vinyl plank flooring, updated lighting, and new paint throughout the community. Committed to providing an ideal off-campus student living location, Cardinal will upgrade the pool area, offer new fitness equipment, and modernize the clubhouse and study areas. The business plan also includes integrating Cardinal’s centralized services platform, CX3, into community operations, helping drive operational efficiencies and reduce operating expenses while improving the resident experience.
Campus Lodge holds a strong position in the market, offering appealing housing options for students seeking accommodation backed by affordability and space while still offering a suite of amenities. The Property, with a total of 768 beds and 192 units, provides residents convenient access to campus while offering a secluded, quiet atmosphere.
“We are thrilled to add Campus Lodge to our portfolio and expand our presence in Norman, given our strong conviction around the market, University, and asset,” said Ellie Nixon, Acquisition Associate, Cardinal Group. “We look forward to implementing Cardinal Group’s suite of services to capitalize on Campus Lodge’s existing success and see the property reach its full potential.”
Patrick Mullowney and Joel Dumes with Marcus & Millichap brokered the transaction.
Cardinal Group Management will manage the property, and Cardinal Group Real Estate Services will provide value-added construction management.
About Cardinal Group Management
Cardinal Group Management (Cardinal Group) 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.
Media Contact:
Cardinal Group
Ainsley Robinson
Email: Ainsley.Robinson@CardinalGroup.com