{"id":19903,"date":"2026-08-13T16:00:45","date_gmt":"2026-08-13T21:00:45","guid":{"rendered":"https:\/\/1reason.com\/re\/hh-group-acquires-strategic-washington-d-c-student-housing-investment-near-george-washington-university-expanding-national-portfolio\/19903\/"},"modified":"2026-08-13T16:00:45","modified_gmt":"2026-08-13T21:00:45","slug":"hh-group-acquires-strategic-washington-d-c-student-housing-investment-near-george-washington-university-expanding-national-portfolio","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/hh-group-acquires-strategic-washington-d-c-student-housing-investment-near-george-washington-university-expanding-national-portfolio\/19903\/","title":{"rendered":"HH Group Acquires Strategic Washington, D.C. Student Housing Investment Near George Washington University, Expanding National Portfolio"},"content":{"rendered":"
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The acquisition of Varsity on K expands HH Group\u2019s presence in Washington, D.C., advances its strategy of investing in supply-constrained, university-anchored markets, and pushes the firm\u2019s assets under management past the $1 billion milestone.<\/strong><\/p>\n

\"Evening<\/p>\n

Varsity on K, a 197-unit, 212-bed residential community near The George Washington University in Washington, D.C., recently acquired by HH Group.<\/p>\n

SILVER SPRING, Md., Aug. 14, 2026 (GLOBE NEWSWIRE)<\/a> — HH Group, a vertically integrated private equity real estate firm specializing in U.S. student housing and multifamily assets, announced today the acquisition of Varsity on K, a 197-unit, 212-bed apartment community located in Washington, D.C.’s West End neighborhood, adjacent to The George Washington University.<\/p>\n

The acquisition was completed through HH Fund, the firm’s equity investment and co-development division. The transaction expands HH Group’s existing presence in the nation’s capital and advances the firm’s continued growth across high-barrier-to-entry university markets in the Mid-Atlantic region. The community will be rebranded as Haven on K.<\/p>\n

Varsity on K is HH Red Stone\u2019s third managed asset in the Washington, D.C. market, further strengthening the company\u2019s local presence, operating scale, and growing national platform. HH Red Stone was also recently recognized as a Top 10 Student Housing Company by J Turner Research, reinforcing the firm\u2019s position as a leading operator in the sector. The growing concentration of assets in Washington, D.C. allows HH Red Stone to deepen its market knowledge, leverage long-standing local relationships, and enhance its ability to source and execute future opportunities in the region. It also creates meaningful operating efficiencies across leasing, management, and capital improvements, while improving responsiveness to shifts in resident demand and market conditions. The addition of Varsity on K represents another step in building a more established, scalable, and strategically integrated management platform in Washington, D.C., positioning the firm for continued growth and long-term value creation.<\/p>\n

Located at 950 24th Street NW, the property is within walking distance of The George Washington University’s main campus, George Washington University Hospital, the Kennedy Center, and the Foggy Bottom-GWU Metro station. Its West End location also provides convenient access to Georgetown, the White House, the National Mall, and major employment centers throughout downtown Washington, D.C.<\/p>\n

\"Daytime<\/p>\n

Varsity on K at 950 24th Street NW in Washington, D.C. The community will be rebranded as Haven on K following its acquisition by HH Group.<\/p>\n

\u201cReaching more than $1 billion in assets under management is an important milestone for HH Group, but more importantly, it reflects the discipline behind how we have grown the platform,\u201d<\/em><\/strong>said Gary Chen, Founding Partner and Chief Investment Officer of HH Group. \u201cVarsity on K is representative of the opportunities we continue to pursue: well-located assets with durable demand drivers, attractive long-term fundamentals, and meaningful potential for value creation. As we continue to scale, our focus remains on deploying capital thoughtfully, maintaining financial discipline, and building a portfolio positioned to perform across market cycles.\u201d<\/em><\/strong><\/p>\n

Varsity on K offers 21 floor plans ranging from studios to three-bedroom apartments. The fully furnished residences feature modern kitchens with quartz and granite countertops, stainless steel appliances, in-unit washers and dryers, high-speed Wi-Fi, and 43-inch HDTVs. Community amenities include a 1,800-square-foot fitness center, a resident lounge with a demonstration kitchen, private study and meeting rooms, a business center, a game lounge, package lockers, indoor garage parking, bicycle storage, controlled-access entry, and an outdoor courtyard with dining areas, lounge seating, a fire pit, and grilling stations.<\/p>\n

With over 10,000 beds under management nationwide and $1 billion+ AUM, HH Group continues to expand in university-anchored markets supported by durable enrollment, limited housing supply, and consistent demand for well-located residential communities.<\/p>\n

\u201cVarsity on K reflects the investment characteristics we prioritize: an irreplaceable location adjacent to a leading university, limited new supply, and durable demand in a major urban market,\u201d<\/em><\/strong> said Tony Shen, Founding Partner and Chief Operating Officer at HH Group. \u201cThis acquisition strengthens our Washington, D.C. portfolio and underscores our continued confidence in education-anchored markets where an integrated investment and operating platform can create long-term value.\u201d<\/em><\/strong><\/p>\n

As part of its investment strategy, HH Group plans to implement a comprehensive repositioning program designed to elevate the resident experience, strengthen operations, and support long-term asset performance. Planned initiatives include:<\/p>\n