Student fraternities are different from Studentenverbindungen in Germany. In Heidelberg they have villas or mansions at their headquarters – the crest on top is a sign of it. They are today on prime property and could be sold for millions but they are usually so well off financially that they don’t have to sell.
This one is opposite the famous Heidelberg castle on the other side of the river Neckar.
……………………………………….
pictures imperfect blog 