An embodiment method includes identifying a plurality of VTP configurations representing allocations of TPs among a plurality of VTPs each having at least one TP. Potential serving VTPs are then identified for a selected UE in a plurality of UEs according to at least one UE centric criterion. The potential serving VTPs are selected for each of the plurality of VTP configurations. A UE measurement set is then scheduled for the potential serving VTPs for a scheduled channel resource according to measurement parameters. The method further includes selecting a serving VTP configuration from the plurality of VTP configurations according to UE measurement feedback from the selected UE.