Acquiring, building & managing real estate on behalf of 98ÌÃ
Established in 1995, the 98ÌÃ 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

98ÌÃ President's House

Innovation Research Park I & II

Springhill Suites 98ÌÃ

Virginia Beach Higher Education Center

University Bookstore

Monarch Way Apartments & Retail
45th Street Garage

98ÌÃ Facilities Management Warehouse

98ÌÃ Institute for Coastal Adaptation & Resilience

98ÌÃ Facilities Management Storage Facility

98ÌÃ Wet Lab & Colley Avenue Printers

Office of Governmental Relations

98ÌÃ Institute for Innovation & Entrepreneurship

Nusbaum Apartments

49th Street Vacant Lots

Monarch Way Mixed Use Development

98ÌÃ Facilities Management Recycling Center

98ÌÃ Facilities Management Storage Lot
Barry Art Museum
98ÌÃ President's House
Innovation Research Park I & II
Springhill Suites 98ÌÃ
Virginia Beach Higher Education Center
University Bookstore
Monarch Way Apartments & Retail
45th Street Garage
98ÌÃ Facilities Management Warehouse
98ÌÃ Institute for Coastal Adaptation & Resilience
98ÌÃ Facilities Management Storage Facility
98ÌÃ Wet Lab & Colley Avenue Printers
Office of Governmental Relations
98ÌÃ Institute for Innovation & Entrepreneurship
Nusbaum Apartments
49th Street Vacant Lots
Monarch Way Mixed Use Development
98ÌÃ Facilities Management Recycling Center
98ÌÃ 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