(Valparaiso, IN) - Valparaiso University is getting into the real estate business. The school has formed AVRO Development to manage and develop its property holdings.

Valpo has about 130 acres to develop. Most of it is around its campus. Other parcels around town are also available.

In a project they’re calling Vitalize Valpo, developers hope to attract senior living, hospitality, and multi-family projects.

As a master development plan takes shape, AVRO will be seeking project proposals soon.