Rose-Hulman Institute of Technology says it's buying more than 1,100 acres of Hulman family property just south of its Terre Haute campus.
Rose-Hulman President Jim Conwell said Thursday the acquisition will increase the size of the institute's property more than sixfold.
The school said the transaction comes on the 100th anniversary of the 1917 gift of a 123-acre Hulman family farm to the then-named Rose Polytechnic Institute. The 1971 transfer of Hulman Foundation assets to the institute resulted in the name change to Rose-Hulman Institute of Technology.
Hulman family members include late businessman and Indianapolis Motor Speedway owner Tony Hulman.
The property being purchased includes a large home, a family lodge, several outbuildings, farmland and forest. The school didn't say what it plans to do with the land.