Acquiring, building & managing real estate on behalf of ±¬ÁϹÏ
Established in 1995, the ±¬ÁÏ¹Ï Real Estate Foundation has been developing much of the area in Monarch Way, a 75-acre mixed use development that includes retail, student apartments, and office buildings.
In addition, the Foundation acquires, builds and manages real estate on behalf of the University. The results of its work are visible to all in the form of the University Apartments, restaurants, shops, the Innovation Research Park, The President's House, Marriott SpringHill Suites Hotel, the University Bookstore, Baron & Ellin Gordon Art Galleries, and the Barry Art Museum. View highlights of our properties below:
Real Estate Foundation Portfolio

Barry Art Museum

±¬ÁÏ¹Ï President's House

Innovation Research Park I & II

Springhill Suites ±¬ÁϹÏ

Virginia Beach Higher Education Center

University Bookstore

Monarch Way Apartments & Retail
45th Street Garage

±¬ÁÏ¹Ï Facilities Management Warehouse

±¬ÁÏ¹Ï Institute for Coastal Adaptation & Resilience

±¬ÁÏ¹Ï Facilities Management Storage Facility

±¬ÁÏ¹Ï Wet Lab & Colley Avenue Printers

Office of Governmental Relations

±¬ÁÏ¹Ï Institute for Innovation & Entrepreneurship

Nusbaum Apartments

49th Street Vacant Lots

Monarch Way Mixed Use Development

±¬ÁÏ¹Ï Facilities Management Recycling Center

±¬ÁÏ¹Ï Facilities Management Storage Lot
Barry Art Museum
±¬ÁÏ¹Ï President's House
Innovation Research Park I & II
Springhill Suites ±¬ÁϹÏ
Virginia Beach Higher Education Center
University Bookstore
Monarch Way Apartments & Retail
45th Street Garage
±¬ÁÏ¹Ï Facilities Management Warehouse
±¬ÁÏ¹Ï Institute for Coastal Adaptation & Resilience
±¬ÁÏ¹Ï Facilities Management Storage Facility
±¬ÁÏ¹Ï Wet Lab & Colley Avenue Printers
Office of Governmental Relations
±¬ÁÏ¹Ï Institute for Innovation & Entrepreneurship
Nusbaum Apartments
49th Street Vacant Lots
Monarch Way Mixed Use Development
±¬ÁÏ¹Ï Facilities Management Recycling Center
±¬ÁÏ¹Ï Facilities Management Storage Lot
Discover Monarch Way
Monarch Way provides indoor and outdoor dining with an eclectic collection of restaurants and casual dining establishments.
Trustees
Lisa F. Chandler ’76, Chairperson
Teresa C. Peters, Vice Chairperson
Joseph A. Lowery ’05, Secretary/Treasurer
Jared Chalk
Miles B. Leon
Kenneth E. Rodman, Jr. P.E. ’88
Karen Shaffer ‘97
Jeremy R. Starkey
Deborah K. Stearns ’80
Nathaniel P. Tyler
Steven C. Wright
Ex Officio
Chad A. Reed, VP for Administration & Finance
Directors Emeriti
George Consolve '67
Robert L. Dewey
BOV Representative
Larry Hill
Staff
Tara Saunders ’85, ’92, Executive Director
Mike LaRock ’85, Assistant VP of Foundations
Cindy Gall ’09, Foundation Board Administration Coordinator
Debra Howard ’95, '18, Property Manager
Kim Ross ’93, CFO & Director of Accounting