Freeport Equity Acquires Two Montessori Schools In Jupiter For $12.9M

A Boston-based education real estate firm, Freeport Equity, has acquired two Montessori schools in Jupiter for a total of $12.9 million. The schools were purchased separately from Rohit and Bharati Dandiya. The transaction was supported by an $8.4 million loan from Amerant Bank. Both schools are located at 740 West Indiantown Road and 926 Maplewood Drive, occupying a combined area of 3 acres. The total square footage of the property is 30,400, resulting in a price per square foot of $424.

Summary of transaction details

• Property Type: School
• Transaction Amount: $12,900,000
• Address: 740 West Indiantown Road & 926 Maplewood Drive
• Market: Jupiter
• Acres: 3

Renzo Pisa and Nicholas Kling, representing Freeport Equity, played a key role in the acquisition of the schools. The deal was facilitated with the assistance of Amerant Bank as the lender.