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HPP Equity Acquires 834-Bed Student Housing by Western Michigan University
HPP Equity has acquired Campus Court at Knollwood, an 834-bed student housing community in Kalamazoo, Michigan, near Western Michigan University, and selected HH Red Stone as its property management partner.
The partnership combines HPP Equity’s investment and ownership oversight with HH Red Stone’s national property management experience and owner-aligned management structure. “Campus Court is a well-located community with strong fundamentals, and we see a clear path to make it better for the students who live here,” said Justin Kain, CEO and Founder of HPP Equity. “We wanted a management partner that would run the property the way we would ourselves, with direct communication and real accountability.”
HPP Equity’s planned investment program will build on Campus Court’s existing amenities while addressing practical needs. Planned improvements include parking lot paving, more than 200 additional parking spaces, a new dog park, fitness center enhancements and apartment upgrades. Campus Court at Knollwood serves the Western Michigan University student housing market with studio through four-bedroom apartments and amenities.
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