Acquiring, building & managing real estate on behalf of Æðµã´«Ã½
Established in 1995, the Æðµã´«Ã½ 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

Æðµã´«Ã½ President's House

Innovation Research Park I & II

Springhill Suites Æðµã´«Ã½

Virginia Beach Higher Education Center

University Bookstore

Monarch Way Apartments & Retail
45th Street Garage

Æðµã´«Ã½ Facilities Management Warehouse

Æðµã´«Ã½ Institute for Coastal Adaptation & Resilience

Æðµã´«Ã½ Facilities Management Storage Facility

Æðµã´«Ã½ Wet Lab & Colley Avenue Printers

Office of Governmental Relations

Æðµã´«Ã½ Institute for Innovation & Entrepreneurship

Nusbaum Apartments

49th Street Vacant Lots

Monarch Way Mixed Use Development

Æðµã´«Ã½ Facilities Management Recycling Center

Æðµã´«Ã½ Facilities Management Storage Lot
Barry Art Museum
Æðµã´«Ã½ President's House
Innovation Research Park I & II
Springhill Suites Æðµã´«Ã½
Virginia Beach Higher Education Center
University Bookstore
Monarch Way Apartments & Retail
45th Street Garage
Æðµã´«Ã½ Facilities Management Warehouse
Æðµã´«Ã½ Institute for Coastal Adaptation & Resilience
Æðµã´«Ã½ Facilities Management Storage Facility
Æðµã´«Ã½ Wet Lab & Colley Avenue Printers
Office of Governmental Relations
Æðµã´«Ã½ Institute for Innovation & Entrepreneurship
Nusbaum Apartments
49th Street Vacant Lots
Monarch Way Mixed Use Development
Æðµã´«Ã½ Facilities Management Recycling Center
Æðµã´«Ã½ 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