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  • Jonathan Glick

Cardinal Group Receives Investment From Whitman Peterson

Denver, CO – May 17, 2023 – Cardinal Group Companies, a Denver-based real estate investment, development, and management company, recently accepted a minority investment from real estate private equity firm Whitman Peterson. The investment will enable Cardinal Group to expand its ground-up development capabilities and begin acquiring businesses in the real estate sector.

“We are thrilled to partner with Cardinal Group and support their growth plans,” said Wes Whitman, Co-Managing Partner at Whitman Peterson. “Cardinal is extremely well positioned to take advantage of very significant growth opportunities, and we hope our investment and involvement will help on this exciting journey.”

Whitman Peterson has a long history of helping its partner companies scale significantly. The firm strives to be great long-term partners to a relatively small number of top platforms across its target sectors by providing high-impact capital, processes, and experience to help create long-term value at both the real estate and operating company levels. Whitman Peterson’s team includes experienced real estate professionals with deep industry knowledge and extensive experience across more than 250 investments in transactions involving $25+ billion of total capitalization.

“Whitman Peterson is a great partner for us as we seek to invest in innovative and forward-looking companies,” said Jason Luker, CFO at Cardinal Group. “We believe that our partnership with Whitman Peterson will enable us to pursue new opportunities and create value for our residents and investors.”

Cardinal Group has been in business for over a decade and has developed and managed properties in more than 30 states. The company has a reputation for best-in-class culture, innovative operating solutions, and exceptional resident experiences. With the investment from Whitman Peterson, Cardinal Group plans to expand its development capabilities by pursuing ground-up projects in key markets across the country.

“We are excited to work with Whitman Peterson and leverage their expertise in real estate investing to take Cardinal Group to the next level,” said Alex O’Brien, CEO of Cardinal Group. “Their investment will enable us to pursue development opportunities nationally while also exploring opportunities to acquire businesses in the real estate sector that align with our values.”

According to Peter Lynch, Chief People Officer at Cardinal Group, the partnership with Whitman Peterson will also help strengthen the company’s culture and values.

“At Cardinal Group, we believe that our team members are our greatest asset, and we are committed to fostering a culture of innovation, collaboration, and inclusion,” said Lynch. “The investment from Whitman Peterson, a company we view as a perfect cultural fit with Cardinal, will not only help us achieve our growth goals, but will also enable us to deepen our commitment to our team members and residents.”

The investment comes at a time of substantial growth for Cardinal Group, which recently announced several new development projects in markets including Denver, Santa Barbara, and Bozeman, MT. The company has also expanded its property management portfolio, adding dozens of new properties in the last year, including growth in student housing, multifamily and affordable housing.

“We are so impressed with what Cardinal has already achieved, and we see a lot of potential for them to continue to scale the company, both organically and through strategic business combinations,” said Whitman. “We are excited to be a part of their growth story and look forward to working closely with their team.”

About Whitman Peterson

Whitman Peterson is a real estate private equity company making and actively managing opportunistic real estate investments on behalf of institutional investors. The firm strives to be a highly impactful and long-term partner to its fund investors, real estate platform partners, and internal team. Whitman Peterson has worked to provide valuable capital and expertise to help accelerate the growth of its platform partners within its target sectors. Together, they have completed more than 250 investments, in transactions involving $25+ billion of total capitalization, across a wide range of property types and markets. Whitman Peterson is headquartered in the Greater Los Angeles area. For more information, please visit

About Cardinal Group Companies

Cardinal Group Companies (“CGC”) is a fully integrated real estate management, investment, construction, consulting, and marketing firm focused on multifamily and student housing throughout the country. Headquartered in Denver, Colorado, CGC affiliate companies are all firmly built atop the company’s “Cardinal Culture.” Since 2007, CGC has been operating successful partnerships, focused on creating efficiency and above-market performance via their commitment to challenging the status quo of the industry. To date, Cardinal Group Companies has developed several best-in-class initiatives, which have earned the company national recognition year after year. CGC’s management platform oversees nearly 90,000 student housing beds and nearly 40,000 total units across the U.S., including CGC’s owned portfolio and third-party managed properties.

To learn more about Cardinal Group Companies, please visit



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