February 8, 2017

Five Florida Schools Acquired With Charter School Facilities Financing

Charter School Capital is excited to announce that its facilities arm, American Education Properties (AEP), has acquired five Florida charter school facilities, securing long-term occupancy and opportunity for the schools’ expansion via charter school facilities financing.

“It is immensely gratifying to positively impact the future of 4,065 students in a single transaction,” said Stuart Ellis, president and CEO of Charter School Capital. “After months of due diligence, we were delighted to arrive at terms that provide five charter schools in Florida with the peace of mind that comes in knowing their facilities are securely theirs to operate with a partner willing to fund growth and expansion for years to come.”

Gabriel Amiel and Arnaud Sitbon, principals of ESJ Capital Partners, stated, “A transaction of this magnitude represents ESJ’s largest charter school sale to date, and confirms our early belief in Florida’s charter school growth. We are pleased to work with the Charter School Capital team to collectively commit to the long term path of charter school education.”

The charter schools, operated by four different charter management organizations (CMOs) encompass a total of 295,992 square feet over 38 acres in Broward, Indian River and Hillsborough Counties. Charter schools operating in the facilities include Renaissance Charter School at Plantation, Imagine Charter and Middle School at Broward, Imagine School at South Vero, Championship Academy of Distinction–Davie Campus, and Kid’s Community College Riverview South.

Today, more than 1 million students find themselves on waiting lists for their local charter schools. The National Alliance for Public Charter Schools continues to highlight the lack of facilities options available to charter schools as a major issue charter leaders face. To meet this demand, charter schools require facilities that address the unique growth needs of each school and community and require access to capital to expand. Charter School Capital focuses solely on charter school needs, providing customizable facilities financing options to charter schools. Charter leaders retain control of their buildings and are afforded the flexibility to make the modifications necessary to expand their enrollment and academic programs.

Looking for more information about facilities expansion? Get in touch with our team at GrowCharters@charterschoolcapital.org.

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