Phoenix-Based Real Estate Investment Firm Acquires Largest Student-Housing Community At Virginia Tech University

Pool improvements at Terrace View Apartments include a newly installed 28-person hot tub with waterfall, along with three resort-style cabanas. The clubhouse renovation and expansion includes a coffee bar, gaming, studying areas, expanded gym and replaced equipment.  (PRNewsFoto/MCS Capital Partners, LLC)
Pool improvements at Terrace View Apartments include a newly installed 28-person hot tub with waterfall, along with three resort-style cabanas. The clubhouse renovation and expansion includes a coffee bar, gaming, studying areas, expanded gym and replaced equipment. (PRNewsFoto/MCS Capital Partners, LLC)

NEWS RELEASE

PHOENIX, Nov. 26, 2013 — /PRNewswire/ — Virginia Tech Investors has completed the acquisition of Terrace View Apartments, a 756-unit and 1,720-bed student-housing community located one-half mile north of Virginia Tech University.

With 81 residential buildings on more than 43 acres of property, Terrace View Apartments is a sought after location for the community, which represents 31,000 Virginia Tech students, having maintained 100-percent occupancy for the past six years.

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