Land holdings bolster endowment
Rice University owns several pieces of land around Texas and other parts of the southern United States. These investments are all maintained by the Rice Management Company, a division of the university responsible for managing the school’s endowment. Compiled by Anita Alem
Rice University owns several pieces of land around Texas and other parts of the southern United States. These investments are all maintained by the Rice Management Company, a division of the university responsible for managing the school’s endowment. Compiled by Anita Alem
Waller County Land: 3,979 acres
Houston/Sugar Land Metropolitan
After a fire in 2011 destroyed the forests on this property, the Rice Management Company has replaced 450 acres as land for cattle grazing.
Southwest Louisiana: 50,000 acres
of timberland
The trees on this land absorb more than 57,000 metric tons of carbon dioxide per year, offsetting over half of Rice’s annual gross greenhouse gas emissions. The property is also in the Louisiana Department of Wildlife and Fisheries’ safe-harbor program as a home to the Louisiana red-cockaded woodpecker. Rice faculty members use residual forest biomass gathered from the Louisiana site for their research on biochar.
Near Rice’s campus:
Village Arcade Shopping Center
2400 University Blvd, Houston, TX 77005
The Rice Management Company is in the process of buying out Weingarten Realty’s economic interest in this land. The deal will be completed by this fall
Midtown: 6.4 acres near the intersection of Main, Caroline and Highway 59.
Rice owns the land and leased it on a long-term basis to Sears in 1946. Currently, a Sears and Fiesta grocery store still operate on Rice’s leased land.
The Impeccable Pig at 2511 University Blvd.
This is a women’s clothing retailer in Rice Village that leases the property from Rice.
Historical holdings:
From 1962 to 1971, Rice owned the land on which Yankee Stadium is built.
In the 1960s, Rice donated the undeveloped land it owned in Southeast Houston to NASA, to be used as part of the Apollo program.
More from The Rice Thresher
Startup incubator unveiled in Ion District
The Rice Nexus in the Ion building was opened to the public Feb. 14. The Nexus will assist selected faculty, student and alumni startups with office space and industry mentorship, free of charge.
Rice testifies for lawsuit against ‘devastating’ federal funding cuts
Rice joined 70 other universities supporting a lawsuit against the National Institutes of Health, which may reduce research funding by billions of dollars. A Feb. 7 NIH memo announced a drastic cut to indirect costs, which covers overhead for research institutions; including funding for lab spaces, water and power bills and paying subcontractors, according to testimony from Provost Amy Ditmtar.
‘Collateral damage’: Houston’s top horn musician allegedly harassed Rice students for decades. And the school knew.
Rice University’s famed horn professor William VerMeulen abruptly retired last spring amid a swirl of sexual misconduct allegations. But dozens of students and industry insiders say “the administration has known for 30 years” — and failed to act.
Please note All comments are eligible for publication by The Rice Thresher.