Acquiring, building & managing real estate on behalf of ODU

Established in 1995, the Old Dominion University 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:

Discover Monarch Way

Monarch Way provides indoor and outdoor dining with an eclectic collection of restaurants and casual dining establishments.

Connect with SL Nusbaum for leasing information for ODU Real Estate Foundations properties on Monarch Way.  

Real Estate Foundation Board


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


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