Denver — The Campus Town-owned properties in Tempe and Tucson, Arizona, have been under renovation for the past two years.
Cardinal Group Management will manage five student housing communities in Rexburg, Idaho and Tempe and Tucson, Arizona. Denver-based Cardinal Group will take over the management of Mountain Lofts in Rexburg, Idaho, a 1,072-bed community serving Brigham Young University Idaho students. Mountain Lofts is a walkable to campus for residents. College Town has two locations Cardinal Group will manage in Tempe, 304 beds, as well as in Tucson, 478 beds. These management assignments stem from a deal with MCS Capital Partners. These communities have both been under renovation for the past two years. Cardinal Group’s student housing portfolio exceeds 9,000 beds.