Education Business: Aventura Investor Focuses on the Real Estate of Schools
ESJ Capital Partners and joint venture partner MG3 Developer Group sell two charter schools for $45 million four years after developing them.
April 09, 2019 at 02:38 PM
3 minute read
Real estate investor ESJ Capital Partners focuses on office space, entertainment and hospitality but is expanding an asset class — charter school buildings.
“Education infrastructure is a growing niche nationally,” said chief investment officer Matthew Fuller.
ESJ, which has been investing in school buildings for 10 years, most recently sold two charter K-8 schools it developed with general contractor MG3 Developer Group LLC for a total of $44.99 million to affiliates of Charter Schools USA, a for-profit charter school manager. The deal closed March 22.
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