Real estate investor ESJ Capital Partners specializes in workplace space, leisure, and hospitality, but is increasing its asset elegance — charter college buildings.
“Education infrastructure is a growing area of interest nationally,” said chief investment officer Matthew Fuller.
ESJ, which has been making an investment in faculty buildings for 10 years, maximurecentlyly offered construction K-eight schools it evolving with general contractor MG3 Developer Group LLC for a total of $ forty-four. 99 million to associates of Charter Schools USA, a for-profit charter school supervisor. The deal closed on March 22.
Aventura-based ESJ, which also has an office in Luxembourg to serve European investors, and MG3, a Hollywood-based actual estate funding enterprise that builds and manages houses, advanced Renaissance Charter School at Wellington, and Renaissance Charter School at Goldenrod in Orlando,
The colleges were completed in August 2015, and ESJ and MG3 leased them to Charter Schools USA.
“We sincerely own the walls,” Fuller said.
