ESJ’s innovative model facilitates the acquisition of school properties by qualified charter school operators
ESJ Capital Partners (ESJ), a full-service asset management firm based in Miami, announces the sale of Sunshine Elementary Charter School & Paragon Academy of Technology, a K-8 charter school in Hollywood, Florida. The asset was sold to the school’s current operator, Sunshine Elementary Charter School, Inc., a not-for-profit corporation based in Hollywood.
ESJ acquired the property and adjacent church in 2012, implementing multiple upgrades within the school facility through a capital improvement project that included the addition of eight new classrooms.
The 6.5 acre property is located at 502 N. 28th Avenue, Hollywood, FL, and spans over 36,700 square feet throughout five buildings serving over 425 students.
“We are very pleased to be able to help a qualified school operator such as Sunshine Elementary Charter School take ownership of an institution that offers vital programs for surrounding students and parents,” said Matthew Fuller, Chief Investment Officer of ESJ Capital Partners. “Affording school operators the opportunity to own their educational property is an integral part of our model to facilitate their financial goals and objectives. We look forward to the continued success they will bring as direct owners of their school.”
One of ESJ Capital Partners’ investment strategies is supporting the facility needs of private and charter institutions throughout the United States. The firm acts as a bridge for school operators to build their financial infrastructure, allowing them to eventually own the facilities they operate in. Currently, the firm has 23 charter and privately-owned schools within its portfolio with a value exceeding $350 million.
Sunshine Elementary Charter School offers a variety of state-approved specialty programs in addition to their curricula, including art history, extensive tutoring and online enrichment in math, reading and science.
Featuring a similar set of specialty programs, Paragon Academy Middle School provides middle school students the opportunity to take part in computer-based classes in the STEM-focused school.
About ESJ Capital Partners, LLC
ESJ Capital Partners, LLC (“ESJ”) is a full-service investment management firm with a diversified national portfolio of more than 4,000,000 square feet comprised of education facilities, office, apartments, and hospitality/entertainment destinations. ESJ is an SEC registered investor advisor focused on opportunistic real estate and private equity investments, as well as providing securities brokerage services. For additional information, visit www.esj.us.
