Cardinal Group, a real estate company based in Colorado, has purchased the student housing community Midtown Stillwater, located at 801 W 4th Avenue in Stillwater, Oklahoma, for an undisclosed price. The 221-unit, 823-bed property is situated steps away from Oklahoma State University’s Student Union.

Sean Baird, senior vice president, and Jonathan Holt, senior vice president, of Colliers’ Student Housing Team, as well as Logan Weaver, vice president, Grant Kollman, senior vice president, and Charlie LaBarr, vice president, from Colliers’ Kansas office, facilitated the transaction. Real Equity Management was the seller.

Built in 2017, Midtown Stillwater is comprised of one-, two-, three- and four-bedroom unit configurations. “This transaction is aligned with the trend in flight to quality we’re seeing to assets in Power 5 conferences, where universities have demonstrated historical enrollment growth, coupled with strong year-over-year rental rate growth,” Baird said.