Appalachian Real Estate Holdings Inc

To further the educational purposes of Appalachian state university or the charitable purposes of Appalachian state university foundation, inc.; acquire (by purchase, gift, devise, or otherwise), own, develop, lease, manage, operate and sell, and otherwise to exercise any and all rights of ownership with respect to, Real Estate and interests in Real Estate for the benefit of the university (or any of the university's affiliated organizations), and to conduct such activities directly or indirectly through subsidiaries; and to do any and all acts and things that are consistent with the purposes stated above and that may be deemed desirable or expedient for the benefit of the university, its programs and its faculty, staff and students.