William & Mary Real Estate Foundation

Real Estate Holdings

One of the Real Estate Foundation's primary roles is to acquire and develop real estate for William & Mary. The Foundation acquires real estate in a variety of ways: by purchase, by transfer from William & Mary and other grantors affiliated with William & Mary, and by gifts from outside donors.  Its current $20 million in assets includes a collection of real estate holdings.

Featured Holdings

327 Richmond Road 

This one and one half-story former residence was constructed in the late 1920s or early 1930s. A north wing addition was developed prior to 1950. The building was converted to office use in the mid-1980s. The 2,400 square foot building is situated on .214-acres. It is leased to William & Mary and occupied by the Center for Archeological Research.

Tribe Square    

The building's top two floors include 14 apartments housing 56 William & Mary students.  The housing is managed by William & Mary's Office of Residence Life. Each apartment features four bedrooms, two full baths, a living room and a full kitchen. The parking lot behind the building is accessed from Scotland Street. A breezeway allows access to Richmond Road directly from the lot, which is reserved for retail patrons. The one-acre site is developed in a way that maintains a sense of place that is appropriate for a location so near William & Mary and the Historic Area.

Discovery II

This two-story office building is located at 5308 Discovery Park Boulevard in the New Town mixed-use development of James City County, Virginia.  The 20,116 square foot building was built in 2008 on 1.195-acres.  The building is occupied by William & Mary and the William & Mary Real Estate Foundation.