The team at Cardinal Capital Management, Inc. (Cardinal Capital) is comprised of a diverse group of professionals that offer a broad range of skills, in-depth knowledge, and years of experience in acquiring and managing housing projects.
Erich Schwenker, President
Erich Schwenker is president of Cardinal Capital Management, Inc. and has 40 years of real estate development and management experience.
Erich leads the development team and oversees business operations, including asset and property management. Under Erich's leadership, Cardinal Capital and its affiliates have acquired, developed, financed, and manage 8,500 plus units of affordable housing on behalf of various non-profits.
In partnership with its various non-profit clients, Cardinal Capital has developed housing with features and amenities that address the needs of Veterans, Homeless, Deaf and Deaf-Blind, Vision Loss and Impairment, Substance Abuse, and Persons Recovering from Mental Illness.
Erich has a particular interest in Special Needs and Supportive Housing and has recently expanded Cardinal Capital's diverse housing portfolio to include market rate housing.
Dan O'Connell, Principal/Vice President
Dan O'Connell is vice president of Cardinal Capital Management, Inc. and has 40 years of real estate development and management experience.
Dan leads the acquisition and finance team, identifying appropriate apartment communities in need of preservation, performing the feasibility work, negotiating and handling complex financial transactions, and identifying a sponsor or owner for the real estate.
Prior to his time at Cardinal Capital, Dan worked in the construction and development side of the industry for 10 years overseeing the development, construction, and management of several commercial projects, as well as approximately 1,000 units of affordable housing.
Dan spent the earliest part of his career working for Wisconsin Housing and Economic Development Authority (WHEDA) in the development and asset management areas of multifamily housing and spent a few years involved in the disposition of WHEDA's single family portfolio.
Dan's partnership with Erich Schwenker formed after the time both worked for Bank One Trust Real Estate (Bank One). While at Bank One, Dan was responsible for the Wisconsin Housing Preservation Trust (now known as Wisconsin Housing Preservation Corp (WHPC)). Dan and Erich formed an affiliate company, Astar Capital Management, Inc. in 2002 in response to WHPC's request for them to do so.