Cardinal Group, StepStone Real Estate Recapitalize Copper Social Near Kennesaw State University

by Katie Sloan

Marietta, Ga. — Cardinal Group Investments and StepStone Real Estate have recapitalized Copper Social, a student housing community located near the Marietta campus of Kennesaw State University. Cardinal and StepStone plan to implement renovations at the property, to include interior updates to in-unit flooring and refreshments to the pool area. The business plan for the community also includes integrating Cardinal’s centralized services platform, CX3, into community operations. Evercore acted as financial advisor on the transaction and TSB Capital Advisors procured debt for the acquisition.

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