HH Group, a leading private equity real estate firm specializing in U.S. student housing and multifamily assets, has acquired College and Crown, a mixed-use residential and retail community located in the heart of downtown New Haven, Connecticut, adjacent to Yale University.
The single-asset transaction includes 160 units and 207 beds and marks HH Group’s latest strategic expansion into the Northeast region. The purchase price was not disclosed.
College and Crown is located at the intersection of New Haven’s primary business district, Yale University, Yale-New Haven Hospital and the city’s major retail corridor. The development features a modern fitness center, two rooftop courtyards, an attended front desk with concierge services, a resident clubhouse, 140 secured and climate-controlled parking spaces and a hotel-quality lobby.
The property offers 160 studio, one-bedroom, two-bedroom, and loft-style apartments, each furnished with top-of-the-line finishes, including nine-foot ceilings, granite countertops, stainless steel appliances, custom cabinetry, hardwood flooring in living areas and upgraded bathrooms.
In addition to its residential offerings, College and Crown includes approximately 20,000 square feet of ground-floor retail space housing Jack’s Bar & Steakhouse, BonChon, Taichi, T-Swirl Crepe, Oh K-Dog and Webster Bank.
“This acquisition underscores our continued conviction in resilient, education-anchored markets where top-tier universities drive long-term housing demand,” said Tony Shen, chief operating officer at HH Group. “College and Crown represents exactly the type of asset where our integrated platform can unlock both operational efficiencies and resident value.”
As part of its investment strategy, HH Group will implement a comprehensive repositioning plan designed to elevate the resident experience, optimize operations, and drive long-term value creation. The acquisition was executed through HH Fund, HH Group’s equity investment and co-development division focused on sourcing and scaling high-impact real estate opportunities across education-anchored markets.
“Our in-house management team brings institutional-grade systems with boutique-level execution,” said Gary Chen, chief financial officer at HH Group. “By combining hospitality-driven service with data-informed decision-making, we’re confident in our ability to enhance performance and create enduring value for both residents and investors.”
