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ColoradoDevelopmentNewsOn-campus

University of Denver Opens 501-Bed Residence Hall, Community Commons and Career Center

by Katie Sloan

Denver — The University of Denver has opened a community commons, residence hall and a 23,000-square-foot career center ahead of the 2021-2022 academic year.  The Dimond Family Residential Village offers 501 beds targeted for freshman students and was designed by University Architect Mark Rodgers, Design Architect Anderson Mason Dale and Collaborating Architect Moore Ruble Yudell. The project includes interior ‘porches’ at unit entries for gathering, common areas and a communal bridge with gathering space leading into a courtyard.  The building is on target for LEED Gold certification. The Dimond Family Residential …

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ColoradoCompany NewsNews

Nicholas Porter of GSA Launches Student Housing Operating Company Yugo

by Katie Sloan

Denver, Colo. — Nicholas Porter of Global Student Accommodation Group (GSA) has launched Yugo, a Denver-based company focused on student housing operations. The company was created through the merging of three international operating brands under GSA’s umbrella — The Student Housing Company, Nexo Residencias and Uninest Student Residents with the U.S. operations of UComm. Yugo’s global portfolio will encompass 95 properties across nine countries, with 45,000 beds across more than 75 cities. In the U.S., Yugo’s 29 communities span 19 states in cities such as Philadelphia; Columbia, Missouri; Minneapolis; and …

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ColoradoInvestment SalesNews

University and Evans Sells Mixed-Use Student Housing Property in Denver for $17.3 Million

by Katie Sloan

Denver — University and Evans, a limited liability company based in Denver, has completed the disposition of the fee simple interest in University Lofts, a student housing and retail property located at 2076 University Blvd. in Denver. An entity doing business as DU Univ Lofts Acq. LLC purchased the asset for $17.3 million. Built in 2006, the 44,495-square-foot property features 35 residential units totaling 97 bedrooms, as well as 8,636 square feet of street-level retail space. The five-story building also features a two-story underground parking structure with 69 heated parking stalls. …

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Landmark-Exterior
ColoradoInvestment SalesNews

Brickstone Partners Acquires Two Communities Near Colorado State University for $81 Million

by Katie Sloan

Fort Collins, Colo. — Brickstone Partners has acquired two student housing communities near the Colorado State University campus in Fort Collins for $81 million. The 288-unit portfolio includes Landmark and Stone Creek apartment communities. The new ownership is set to begin comprehensive upgrades on the properties, which will include modernizing units with the addition of new flooring, kitchen and bathroom cabinets, quartz countertops, stainless steel appliances, upgraded doors, lighting and plumbing fixtures; updated exterior landscaping; common-area improvements; and new finishes within the clubhouse. Both properties offer shared amenities including saltwater …

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ColoradoCompany NewsNews

Cardinal Group Announces Launch of Consulting Division

by Katie Sloan

Denver — Cardinal Group Cos. has announced the launch of a new consulting division. The Denver-based company will offer consulting services including market research on supply and demand, historical occupancy, rent growth and demographics; competitive set analysis, including the identification of and comparisons with competitive communities; operating budget creation; due diligence services including lease file audits and unit inspections; and pre-development services, including SWOT analysis, design review, pro forma review and absorption schedule. 

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Madison-Meier
ColoradoCompany NewsNews

Cardinal Group Cos. Hires Madison Meier as Vice President of Capital Markets

by Katie Sloan

Denver — Cardinal Group Cos. has hired Madison Meier as vice president of capital markets for the company’s investment arm, Cardinal Group Investments (CGI). In her new role, Meier will be responsible for all investor relations activities at CGI, including development of new relationships and investment product development. Prior to joining Cardinal Group, Meier spent 13 years with Campus Advantage serving in a variety of business development and investment management capacities. “As part of our 2020 planning, we are committed to growing our capital base and pursuing new acquisitions,” says Alex …

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Jennifer Cassidy
ColoradoCompany NewsNews

Jennifer Cassidy Joins Cardinal Group Management as Senior Vice President of Student Housing Operations

by Katie Sloan

Denver — Jennifer Cassidy has joined Cardinal Group Management as senior vice president of student housing operations. In her new role, Cassidy will be responsible for day-to-day management and the performance of the company’s 65,000-bed student housing portfolio. Prior to joining Cardinal Group, Cassidy spent 15 years with Campus Advantage serving the organization in a variety of leadership roles. “As part of our 2020 planning, we committed to expanding our leadership team to meet the needs of a fast-paced and growing organization,” says Alex O’Brien, CEO of the Denver-based company. …

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City Heights Residence Hall and Learning Commons
ColoradoDevelopmentNewsOn-campus

Construction Underway on 182,000-Square-Foot Living-Learning Facility at the University of Colorado Denver

by Katie Sloan

Denver — The University of Colorado Denver has celebrated the topping out of its City Heights Residence Hall and Learning Commons development. The 182,000-square-foot residence hall — which will be the university’s first on-campus student housing complex — will offer 555 beds upon completion. The seven-story project is designed for first-year students and will feature two wings of residential units, a central campus dining hall on the ground floor and a 30,000-square-foot student services center. Named “The Learning Commons,” the student services center will offer academic support and tutoring, faculty development …

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ColoradoCompany NewsNews

Cardinal Group Promotes Alex O’Brien to CEO

by Katie Sloan

Denver — Cardinal Group Companies has promoted Alex O’Brien to the position of CEO. Prior to his promotion, O’Brien served as president and COO of Cardinal Group. Del de Windt, previous CEO of the Denver-based company, will remain on as a member of the company’s board and as a managing principal. “Del and I have worked together on this transition to allow me to take the reins for a while,” says O’Brien. “It is very exciting for me, personally, to step into the CEO role. I loved what I was able …

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ColoradoCompany NewsNews

Cardinal Group Announces ‘Work From Anywhere’ Flexibility for Portfolio Managers

by Katie Sloan

Denver — The Cardinal Group has announced a new ‘work from anywhere’ policy, which will no longer require portfolio managers to relocate and work out of the company’s headquarter offices located in Denver and Austin, Texas. This policy will be implemented in hopes of attracting top talent that might have otherwise been unavailable for consideration based on geographic location. “We’re excited to allow additional flexibility for our portfolio managers and we are confident that this initiative will broaden Cardinal’s candidate pool, increase team member satisfaction and ultimately lead to even …

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