Why invest with Cardinal?
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Cardinal Capital Management develops market rate, workforce and affordable apartments with commercial space. Cardinal Capital is also a proud developer of a variety of award-winning supportive housing products including housing for veterans, homeless persons and families, persons recovering from mental illness and housing with amenities that can benefit deaf persons. Cardinal Capital and its affiliates have acquired, developed, and rehabbed over 8,500 units of multifamily housing with a transaction value exceeding $500 million in assets with property in 5 states, and growing. We strive to physically position new and existing assets in a manner that maximizes capital appreciation.
Location: 1717 Achilles Way, Phoenix, AR, 91052
Unit Types: studio, 1BR, 2BR w/ den
Project Cost: $14,350,000
Investor Highlights: 25% of the units is dedicated towards Veteran’s. Located on a bus line. Near a hospital, a school, a library, and a workout facility.
Target IRR: 14%
Equity Needed: $2.8 million
Location: 2937 Donald Driver Dr, Green Bay, WI, 53019
Unit Types: 1BR, 2BR, 3BR
Project Cost: $16,400,000
Investor Highlights: market-rate project. On the water, will have docks. One mile from Lambeau field. Down walkable.
Target IRR: 18%
Equity Needed: $3.4 million
Location: 8293 S 90th St, Lake Minnetonka, MN, 53091
Unit Types: 1 BR, 2BR, 3BR
Project Cost: $12,900,000
Investor Highlights: Workforce housing, for people under 80% of the AMI. Right near a bus line. Entertainment district half a mile away.
Target IRR: 16%
Equity Needed: $3.1 million