The University strategically acquires properties as part of its growth and investment strategy. These holdings extend beyond the boundaries of the main campus, with two iconic properties - Rice Village and the Ion District. These properties contribute to the University's financial sustainability and provide valuable resources for the academic community and the broader public.Beyond facilitating growth, the Real Estate office focuses on creating long-term value for the university. By leveraging market trends and diversifying assets, the team increases the income generated from the real estate portfolio. This income helps sustain the university's operations and provides funding for scholarships, research grants, and other initiatives that enrich the educational experience at Rice.