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public class SetDicRowVisibleRowOperation : DevExpress.XtraVerticalGrid.Rows.RowOperation
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{
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    public override void Execute(DevExpress.XtraVerticalGrid.Rows.BaseRow row)
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    {
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        Console.WriteLine(row.Properties.Caption);
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        if (row.Tag is Course course)
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        {
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            var fieldName = nameof(Student.ListCourses) + "." + course.IndexName + "." +
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                               nameof(Course.DicClassRoomId_Name);
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            if (row.Properties.FieldName == fieldName)
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                row.Visible = course.Id == 2;
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        }
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    }
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}

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private void Form1_Load(object sender, EventArgs e)
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{
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    var student = GetTestStudent();
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    propertyGridControl1.SelectedObject = student;
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    propertyGridControl1.OptionsBehavior.PropertySort = DevExpress.XtraVerticalGrid.PropertySort.NoSort;
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    propertyGridControl1.ExpandAllRows();
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    //set row Tag info
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    student.ListCourses.ForEach(x =>
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                {
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                    //IndexName set by CourseCollectionPropertyDescriptor constructor
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                    var fieldName = nameof(Student.ListCourses) + "." + x.IndexName + "." +
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                    nameof(Course.DicClassRoomId_Name);
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                    var row = propertyGridControl1.GetRowByFieldName(fieldName);
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                    row.Tag = x;
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                });
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    propertyGridControl1.RowsIterator.DoOperation(new SetDicRowVisibleRowOperation());
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}