Debunking the Real Estate Risk of Charter Schools.

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Presents research that addresses the wariness that lenders and landlords often have concerning charter schools as clients. One commonly cited survey appears to show that nearly one in ten charter schools has closed. However, the schools thus counted include many that just changed organizational structure, and continued to occupy and pay on their buildings. Even when buildings are prematurely vacated, 95% are able to be leased or sold on terms no less favorable to the lender or landlord. Charter schools started in conjunction with Education Management Organizations (EMOs) were found to have almost negligible failure rates. Also, charter schools with more students are less risky than average, as are those started one year or more after the home state passes a charter law. Finally, and ironically, the inability to find adequate buildings is itself a key contributor to charter school failures.
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