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William and Mary Real Estate Foundation

Executive Director

Nancy BuchananAs Executive Director Nancy Buchanan serves as the president and chief executive officer of the William and Mary Real Estate Foundation.  The Foundation's mission is to acquire, manage, sell, lease, and develop real properties in support of the educational goals of  William & Mary.  Ms. Buchanan took the lead in developing Tribe Square, a mixed-use retail and housing project on Richmond Road in Williamsburg, Virginia.  Not only do upper class students have the option to live in these premium student apartments but the national and local franchise restaurants in Tribe Square have enhanced the student and employee experience at William & Mary.   

Recently, Ms. Buchanan served on a techical assistance panel for the Urban Land Institute, which was was tasked to formulate a vision for the Redevelopment of Ettrick Village at Virginia State University.  She is an active member and past president of the national Association of University Real Estate Officials (AUREO), which gave her The Lessenger Award.  The Award was given to her in recognition of her commitment and outstanding contributions to the Association of University Real Estate Officials and the higher education community and in grateful thanks for many years of leadership and devoted service to the Association and its members.  Ms. Buchanan was also named one of  the Top 20 Women in Richmond Commercial Real Estate in 2010.  She holds the MAI designation from the Appraisal Institute and is past president of the Richmond Chapter of the Society of Real Estate Appraisers.           

Before coming to the Real Estate Foundation in January 2007, Ms. Buchanan was Director of Real Estate and Insurance Services at Virginia Commonwealth University (VCU).  She was instrumental in the acquisition of numerous small properties in order to create what is now the VCU School of Business and the VCU School of Engineering, not to mention additional university housing.  The construction of these structures has not only expanded VCU's footprint in the city, but has greatly contributed to the Richmond skyline.  Ms. Buchanan also taught Advanced Real Estate Appraising in VCU's School of Business.

Prior to her time at VCU, Ms. Buchanan spent 20 years in the real estate appraisal profession which included founding a real estate appraisal company.