Acquiring, building & managing real estate on behalf of ³Ô¹Ï±¬ÁÏ
Established in 1995, the ³Ô¹Ï±¬ÁÏ 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

³Ô¹Ï±¬ÁÏ President's House

Innovation Research Park I & II

Springhill Suites ³Ô¹Ï±¬ÁÏ

Virginia Beach Higher Education Center

University Bookstore

Monarch Way Apartments & Retail
45th Street Garage

³Ô¹Ï±¬ÁÏ Facilities Management Warehouse

³Ô¹Ï±¬ÁÏ Institute for Coastal Adaptation & Resilience

³Ô¹Ï±¬ÁÏ Facilities Management Storage Facility

³Ô¹Ï±¬ÁÏ Wet Lab & Colley Avenue Printers

Office of Governmental Relations

³Ô¹Ï±¬ÁÏ Institute for Innovation & Entrepreneurship

Nusbaum Apartments

49th Street Vacant Lots

Monarch Way Mixed Use Development

³Ô¹Ï±¬ÁÏ Facilities Management Recycling Center

³Ô¹Ï±¬ÁÏ Facilities Management Storage Lot
Barry Art Museum
³Ô¹Ï±¬ÁÏ President's House
Innovation Research Park I & II
Springhill Suites ³Ô¹Ï±¬ÁÏ
Virginia Beach Higher Education Center
University Bookstore
Monarch Way Apartments & Retail
45th Street Garage
³Ô¹Ï±¬ÁÏ Facilities Management Warehouse
³Ô¹Ï±¬ÁÏ Institute for Coastal Adaptation & Resilience
³Ô¹Ï±¬ÁÏ Facilities Management Storage Facility
³Ô¹Ï±¬ÁÏ Wet Lab & Colley Avenue Printers
Office of Governmental Relations
³Ô¹Ï±¬ÁÏ Institute for Innovation & Entrepreneurship
Nusbaum Apartments
49th Street Vacant Lots
Monarch Way Mixed Use Development
³Ô¹Ï±¬ÁÏ Facilities Management Recycling Center
³Ô¹Ï±¬ÁÏ 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