Cardinal Group Management is expanding their college rental resume with three new developments. The largest acquisition for the Denver-based group was of the Lindell Strip in St. Louis, a housing community for students of St. Louis School of Medicine, St. Louis University School of Nursing, St. Louis College of Pharmacy and St. Louis University School of Law. The active community includes 656 beds, a full fitness center, clubhouse and business center, as well as a rooftop pool, four garages, and a bowling alley.
Their second largest new holding is in Enclave West of Edwardsville, Illinois, which serves Southern Illinois University, Edwardsville students. Finally, they expanded their New England holdings with the addition of Kendrick Place, located in Amherst, Massachusetts and convenient to University of Massachusetts, Amherst and Amherst College.
These properties bring Cardinal Group to a total of 9,882 beds and 5,942 units in the United States. Currently, roughly 10 percent of those units are reserved for student housing.
Cardinal Group partners boast over 50 years of industry experience in areas of finance, management and marketing. Between their three branches – investments, management and construction – the company has won 10 national awards for excellence in the past three years, including awards for Best Turnaround Project (Auraria Student Lofts), Best Renovation of an Existing Project (Mint Urban, Red River), and Best Marketing and Lease-Up Program (Westmar Student Lofts).
Equal Housing Opportunity
