ESJ Capital Partners Sells Two Florida Properties in $30.5 Million Transaction

8/8/17

The properties, located in Riverview and Tamarac, were sold to Charter School Capital

ESJ Capital Partners, LLC, a full-service asset management firm based in Aventura, Florida, announces that it has sold two Florida charter schools for approximately $30.5 million. Charter School Capital, a Portland-based charter school landlord, acquired the schools in Riverview and Tamarac, Florida for $8.2 million and $22.3 million, respectively. Colliers International brokers Achikam Yogev and Todd Noel represented ESJ Capital Partners and Charter School Capital in both transactions.

The first property, which is home to Kids Community College Southeast Riverview, is located at 11515 McMullen Road, Riverview, Florida 33569.

The 2.9-acre property is located about 15 miles southeast of the Tampa business district and includes a 28,998 square foot two-story building. The property is within Hillsborough County, the largest county in the Tampa-St. Petersburg-Clearwater area.

“We are pleased with the overall performance of Kids Community College Southeast Riverview, and are confident that Charter School Capital’s efforts will further enhance the school’s long-term educational goals,” said Arnaud Sitbon, President and CEO of ESJ Capital Partners.

The second property, which is home to Renaissance Charter School at University, is located at 8399 North University Drive, Tamarac, Florida 33321.

The 8.91-acre property is located west of University Drive in Tamarac and is managed by Charter Schools USA. Situated in Broward County, the property is located at the center of the Miami MSA, between Miami-Dade and Palm Beach Counties.

“Having reached a stable foundation, selling Renaissance Charter School to CSC will continue to strengthen the resources provided at this facility,” added Sitbon. “We look forward to seeing students in the community achieve remarkable milestones while attending school under the new owning company.”

A key core competency of ESJ Capital Partners is supporting the fiscal needs of both charter and private schools. Currently, the firm has a total of 21 charter and private schools within its portfolio.

About ESJ Capital Partners, LLC

ESJ Capital Partners, LLC is a full-service real estate asset management firm with a diversified national portfolio of more than 600,000 square feet comprised of education facilities, apartments, and entertainment destinations. ESJ, an SEC registered investor advisor, offers real estate and private equity investments, as well as providing securities brokerage services. For additional information, visit www.esj.us.

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