Summary:
- Private equity investor HH Group has acquired Varsity on K, a 197-unit, 212-bed student housing community located in Washington, D.C., adjacent to George Washington University, for an unspecified price. The community will be rebranded as Haven on K.
- The last time the asset changed hands, in 2017, the Los Angeles County Employees Retirement Association bought it for about $119.5 million, according to Yardi Matrix data. The property had been completed the year before.
- The acquisition was transacted through HH Fund, the firm’s investment arm that specializes in student housing.
Original article:
https://www.multihousingnews.com/hh-group-acquires-d-c-student-housing-community/
