HPP Equity Acquires Campus Court at Knollwood for Student Housing Improvements

KALAMAZOO, Mich., Nov. 10, 2026 /CourierPR/ -- HPP Equity, a real estate investment firm founded in 2019, has acquired Campus Court at Knollwood, an 834-bed student housing community near Western Michigan University. The acquisition, which closed on October 8, 2026, brings new capital investment to the property and sets the stage for significant improvements and enhancements aimed at improving the resident experience.

Campus Court at Knollwood, located near Western Michigan University, serves the student housing market with a range of floor plans, including studio through four-bedroom apartments. The community features amenities such as a two-story fitness center, a resort-style pool, a clubhouse with a coffee bar, resident and study lounges, a volleyball court, and outdoor courtyards. HPP Equity plans to build on these existing features while addressing practical needs that influence residents' daily experience.

HH Red Stone, a property management company founded in 2015 and headquartered in Silver Spring, Maryland, has been selected to manage the property. HH Red Stone will oversee daily operations, including leasing, maintenance, resident services, and financial reporting. The company's national property management experience and owner-aligned management structure will support HPP Equity's investment and active ownership oversight.

HPP Equity's planned investment program will focus on physical improvements that address everyday resident needs. These improvements include parking lot paving, the addition of more than 200 parking spaces, the creation of a new dog park, faster internet service, fitness center enhancements, and apartment upgrades. The parking expansion and dog park are targeted for 2027, with the goal of increasing availability and improving the condition and usability of parking areas. The proposed dog park will provide a dedicated space for residents and their pets, adding to the community's outdoor offerings.

Internet improvements will focus on connectivity that supports academic work, communication, and everyday use. Planned fitness center enhancements and apartment upgrades will address the spaces residents use most often, with specific work prioritized according to property conditions, resident needs, and ownership's investment plan. HPP Equity's CEO, Justin Kain, emphasized the importance of making improvements that residents will actually feel, starting with parking, connectivity, and outdoor space.

HH Red Stone will work with HPP Equity to coordinate implementation, monitor progress, and support communication with residents throughout the process. Updates will explain what work is planned, when it is expected to occur, and how it may affect parking, amenity access, or activity around the community. The partnership's approach also extends beyond completing individual projects. Ownership and management will consider ongoing maintenance, durability, and operating requirements so that new investments can be cared for over time.

Alongside physical improvements, HPP Equity and HH Red Stone will place a strong emphasis on the everyday experience of living at Campus Court. Priorities include dependable maintenance follow-through, clear resident communication, helpful leasing service, and opportunities for residents to connect with their community. The commitment begins with the first inquiry and continues through touring, leasing, move-in, daily service, and renewal. The objective is to make each stage easier to navigate, with clear information, accessible team members, and consistent follow-up.

HH Red Stone brings national recognition for its online reputation to the assignment. The firm ranked No. 10 in J Turner Research’s 2025 Student Housing Company Online Reputation Assessment (ORA®) Power Ranking, placing it among the nation’s Top 10 student housing management companies by online reputation. This recognition provides context for the service commitment HH Red Stone brings to Campus Court. The local team’s responsibility will be to put that commitment into practice through daily responsiveness, care for the property, and follow-through on resident concerns.

HPP Equity’s investment and HH Red Stone’s management plan will build on these existing features while addressing the physical conditions and service needs that shape residents' day-to-day experience. The partnership aims to create a community where residents are proud to call home, with a focus on resident service, property condition, and financial performance. Regular reviews will measure progress against shared priorities for leasing, resident retention, maintenance, expense management, and capital improvements. Financial reporting and operating discussions will connect results with the activity behind them, helping ownership make informed decisions about the community.