Cardinal Group Management Awarded Management of Hangar 61 @ Pena Station in Denver, Colorado
DENVER, CO – May 26, 2022 – Cardinal Group Management (CGM) has been selected to manage Hangar 61 @ Pena Station, a 198-unit multifamily community in Denver, Colorado, developed by MGL Partners. MGL Partners is a Denver-based real estate development and investment firm dedicated to building a more sustainable future for Colorado.
The community is currently under construction, and once completed, Hangar 61 @ Pena Station will be a garden-style multifamily community serving the Denver metro area. The fully amenitized community will provide residents with a common area pool, hot tub, twenty-four-hour gym, yoga studio, pet area, 4th-floor rooftop terrace, community garden plots, electrical vehicle charging stations, and garages available for rent.
Hangar 61 @ Pena Station is conveniently located within walking distance to the Pena Station public transportation light rail and a short 10-minute train ride to Denver International Airport. The newly built apartment homes will feature quartz countertops with stainless steel appliances, in unit washer and dryer, upgraded USB power outlets, patios, and balconies.
“Cardinal Group has a proven track record of success on new construction lease-up communities within this submarket. Hanger 61 @ Pena Station is our next opportunity to exceed performance expectations in velocity, rent growth, and resident satisfaction using our fully integrated platform,” said Vice President of Operations, Brian Hawthorne, Cardinal Group.
During the COVID-19 pandemic, Cardinal Group managed the highly successful lease-up of Elevate at Pena Station that weathered the hard-hit COVID market. Cardinal brings a fully integrated approach to the management of the Hanger 61 community and has extensive experience in overseeing lease-ups across the country, specifically within the Denver metro.
“As specialist in multifamily rental housing, we are deeply in tune with understanding what makes a community a great place to live. Cardinal has a proven track record of successful lease-ups in the Denver area and we are excited to continue our partnership with Cardinal to provide residents a great community at Hangar 61,” commented Mike Gerber, Co-Founder and Principal, MGL Partners.
For additional details about Hangar 61 @ Pena Station, please visit http://hangar61atpenastation.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.