Mary Fedewa Of Store Capital Acquires School Portfolio Sale From Cornerstone Childcare Project LLC For $44M
$44,000,000
Building Size
—
Asset Type
School
Closing
Oct 21, 2026
About this deal
AI
The transaction involves a sale of seven properties collectively referred to as the Academy Preschool Centers, located across Williamson, Davidson, and Wilson counties in Tennessee. The properties were sold for a total of $44 million. These assets are categorized as educational facilities, specifically schools, and are associated with the Cornerstone Childcare Project LLC, which continues to operate the centers under its brand.
Summary of transaction details:
- Property Type: School
- Transaction Amount: $44,000,000
- Buyer: Mary Fedewa - Store Capital
- Seller: Cornerstone Childcare Project LLC
- Market: Franklin, Nashville & Mt. Juliet, TN
Mary Fedewa represents Store Capital in this transaction. The buyer, aligned with Store Master Funding XLVI LLC, acquired the properties in a move that maintains the Academy's continued operations at the locations. The underlying reasons for the sale by Cornerstone remain unspecified.
On the Map
$44,000,000
School
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Mount Juliet School Market Snapshot
Boundary boundary · School · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.36%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93