How would you like to get a 10 percent return on your money? (Speaking as someone whose nest egg has been hammered for several months, I would be all over 10 percent.)
Northstar Commercial Partners, a Denver private equity firm says in this Wall Street Journal article, “it can give its fund investors more than a 10 percent return on their money” by investing in charter schools.
Here are other interesting parts of this article:
Real-estate investors are showing an increasing interest in charter school development as the demand grows for classroom seats and some state and local governments become more willing to help finance charter-school projects.
The rise in investment activity partly reflects the growth of the charter school movement, which has been overcoming political opposition in many states. During the 2014-2015 school year, 500 new public charter schools opened nationwide, for a total of more than 6,700 enrolling about 2.9 million students, according to the National Alliance for Public Charter Schools.
But the growing role of for-profit real-estate developers has added a new dimension to the debate over charters, which are taxpayer funded and independently operated schools that are largely free of union rules. Critics say charter schools are in danger of cutting costly deals with developers who are more concerned with investment return than educating children. The result can lead to failed schools.
Oh. And how do students in these schools perform? Hard to say since the word “education” is never mentioned in the article. But “investment” is mentioned three times and “investors” is used five times.