- Well-maintained three property portfolio totaling 111 units & 183 beds
- In-demand mix of 1- and 2-bedroom units
- Adjacent buildings within walking distance to campus
- Close to nightlife, with ample parking available
- Recent utility charges added with option to charge for covered parking
- Limited construction pipeline in the WVU student market
- Offered free and clear of existing financing
Glenlock Apartments
Glenlock Apartments is a well-maintained portfolio comprising three properties that offer a total of 111 units and 183 beds. These apartments feature a desirable mix of one- and two-bedroom layouts, making them appealing to a variety of residents. Situated within walking distance of the campus and close to vibrant nightlife, the buildings provide ample parking.
Recently, utility charges have been introduced, and residents have an additional option for covered parking. Importantly, there is a limited construction pipeline within the West Virginia University (WVU) student market, which adds to the appeal of these properties. Moreover, they are available free and clear of any existing financing, making them an attractive investment opportunity.
West Virginia University
West Virginia University (WVU), founded in 1867, serves as a cultural and economic cornerstone for Morgantown, the state’s third-largest city, and Monongalia County, which boasts a Metropolitan Statistical Area (MSA) of over 135,000 residents. With an enrollment of 24,200 students on its Morgantown campus for fall 2023 and a total of 26,791 across all campuses, WVU offers more than 350 degree programs, including the only law and dental schools in the state. Despite its operating budget exceeding $1.2 billion and securing $150 million in annual research grants, the university faces budget-related program cuts and faculty layoffs.
As a member of the NCAA Division I Big 12 Conference, WVU's Mountaineers compete in 17 sports and have a distinguished rifle program, holding 26 individual and 19 team national championships. The strong support from West Virginia residents fosters a deep connection between the university and the local community.
