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Cardon Family Office
Patrick Cardon founded Cardon Family Office to steward wealth generated by the family's gasoline distribution business. Don Cardon established Cardon...
Cardon Family Office
Patrick Cardon founded Cardon Family Office to steward wealth generated by the family's gasoline distribution business. Don Cardon established Cardon Development Group and previously served as Director of the Arizona Department of Commerce. The office operates as a single-family vehicle focused on direct opportunities rather than external fund programs. Investment activity centers on commercial real estate, private equity, venture capital and private debt. Confirmed holdings include mixed-use projects such as CityScape in Phoenix and Aspera in Glendale, plus residential assets like Maddox Estates in Eloy and Page Commons in Gilbert. The firm also participates in commercial properties including Town Square at Surprise and Chandler Heights Marketplace. All activity remains within North America, with primary concentration in Arizona and selected positions in North Dakota. The office employs a long-term, value-oriented approach and sources direct co-investments and SPVs for the family. It maintains membership in the Phoenix Community Alliance since November 2021. Philanthropic efforts flow primarily through the Jeito Foundation, which directs support to The Church of Jesus Christ of Latter-day Saints. No public disclosure exists on team size or aggregate deployment. The structure ties operating real-estate development capabilities directly to the family office through Cardon Development Group and Baseline Partners. This integration allows internal execution of acquisitions, development and asset management without reliance on third-party sponsors.
General information
Firm type
Single Family Office
Location
Region
North America
Country
United States
City
Gilbert
Corporate office
Gilbert, AZ, United States
Principals
Patrick Cardon
Founder
Don Cardon
Founder and CEO of Cardon Development Group
Nathan Cardon
Principal at Cardon Commercial
Sector focus
Frequently asked questions
Who runs investment decisions at Cardon Family Office?
Patrick Cardon leads the office as founder. Don Cardon and Nathan Cardon hold operating roles through affiliated entities Cardon Development Group and Cardon Commercial.
How does Cardon Family Office source proprietary deal flow?
The office sources direct co-investment opportunities and SPVs internally. Relationships with local partners such as Jerry Colangelo have supported specific projects including CityScape.
Is Cardon Family Office structured as a single family office or does it operate more like a venture firm?
It functions as a single family office serving only the Cardon family. Activity includes venture capital alongside real estate and private equity but remains limited to family capital.
Does Cardon Family Office participate in fund commitments or only direct deals?
The office focuses on direct co-investments and SPVs. No external fund commitments are disclosed in available records.
Where does the underlying wealth come from?
Wealth originated from the family's gasoline distribution operations.
Does Cardon Family Office maintain philanthropic structures, and how are they separated?
The Jeito Foundation handles philanthropic distributions, directed primarily to The Church of Jesus Christ of Latter-day Saints.
What is Cardon Family Office's known posture on co-investments alongside external GPs?
The office executes direct co-investments and SPVs without disclosed participation alongside external general partners.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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