Mountain Valley Apartments (West Virginia University) SH

JLL presents Mountain Valley Apartments, a compelling 344-unit, 658-bed student housing investment opportunity strategically positioned on 25 acres serving West Virginia University. The University stands as the state's flagship Land-Grant institution and Big 12 Conference memberserving nearly 24,000 students, operating as West Virginia's only R1 research institution.

West Virginia University has hired a new president, Michael Benson, who has a proven track record growing enrollment at Tier 2 universities.

Student housing demand significantly exceeds supply in Morgantown, with existing on- and off-campus housing serving only 50% of WVU's student population. With no new developments in the pipeline through 2027 and current market rents insufficient to support new construction, Mountain Valley needs to capture just 5% of WVU students to achieve 95% occupancy. The Property offers exceptional value positioning, featuring some of Morgantown's most competitive rents while delivering 100% bed-bath parity and spacious floorplans. Through light unit and amenity enhancements, the next owner can capture the $100 per bed rent premium that separates Mountain Valley from comparable properties.

The Property is being offered at a significant discount to replacement costs.

Dave Adamski

License #: WV - WV0028471