“We formed this partnership several years ago to aggregate a high-quality portfolio of student housing assets with a proven sponsor in Cardinal Group. We are proud to have successfully executed this strategy for our current partners,” said Madison Meier, SVP, Head of Capital Markets, Cardinal Group. Our investment thesis has always focused on acquiring high-quality, well-located assets that could benefit from Cardinal’s operational expertise. “We are pleased to realize this investment for our investors and further expand Cardinal’s portfolio and track record. Prior to the recapitalization, the portfolio assets were held in a 2017-vintage Cardinal sponsored fund targeting value-add student housing investments, with Makena Capital Management and The Townsend Group serving as the lead investors. The portfolio is located in Tier I universities across the United States and consists of mid-rise and garden-style communities in close proximity to their respective university campuses. They had some particular desires for the property, located east of the Great Miami River in an area rich with deep valleys and hilltop views.DENVER, CO – – Cardinal Group Companies (CGC), an industry leader in student, conventional, and affordable housing investments and property management, announced a recapitalization of their eight-property student housing portfolio totaling 5,505 beds. It doesn't always take a decade, but that's how long it took Stan and Karen Lockwood to settle on a conservation easement for their 22½-acre forested property in Colerain Township. 'Our eye is on the prize in protecting more land,' Frimerman said. The Cardinal Land Conservancy now has 31 properties and roughly 3,000 acres under conservation easements, said Frimerman, who is working as a consultant for the Cardinal Land Conservancy, until it hires its first director. Cincinnati Nature Center will be an active partner.

The board includes leaders from all of those organizations, along with Bill Hopple, executive director of the Cincinnati Nature Center, Eric Russo, executive director of The Hillside Trust (which protects hillsides along the Ohio River) and a slew of lawyers. In the end, Frimerman helped pull the coalition together Clinton County and Hamilton County, as well as the Southern Ohio Farmland Preservation Association covering Clermont, Brown, Highland and Adams counties. Hamilton County was interested in a merger. Then Larry Frimerman, the former director of Three Valley Conservation Trust, which manages 20,000 acres of easements in Butler, Preble and Montgomery counties, called.

'We needed more of a presence,' Wiederhold said. 'Legally preserving land is probably our best way forward when it comes to conserving Southwest Ohio and its ecology,' Wiederhold said.īut Clinton County Open Lands faced some of the same challenges as Hamilton County. The budding architect decided to do something about it and joined Clinton County Open Lands, created by Laura Curliss, a lawyer who created the 70-acre East Fork Riparian Reserve with her late husband. 'This creation of the suburbs attacks both places,' Wiederhold said, 'hollowing out our cities and infringing upon the pristine nature of our rural and wilderness lands.'

Cardinal land group