Renaissance Charter School Acquires Two Broward K-8 Campus Buildings For $38.2 Million

Renaissance Charter School has acquired two Broward K-8 campus buildings in Plantation and Tamarac for $38.2 million. The transaction was financed through educational facilities revenue bonds provided by Regions Bank. The properties, located at 6701 West Sunrise Boulevard and 8399 North University Drive, span over 15 acres and offer a total square footage of 131,233. The purchase includes 45-year ground leases with Charter Schools USA, allowing Renaissance Charter School to expand its charter school presence in Florida.

Summary of transaction details

• Property Type: School
• Transaction Amount: $38,200,000
• Address: 6701 West Sunrise Boulevard & 8399 North University Drive
• Market: Plantation & Tamarac
• Acres: 15

The buyer in the transaction is Renaissance Charter School, represented by Stacey Gauthier. The seller, Charter Schools USA, was represented by Jon Hage. In order to facilitate the acquisition, Renaissance Charter School secured financing from Regions Bank. The deal marks a significant expansion for Renaissance Charter School and demonstrates its commitment to providing quality education through charter schools in Florida.