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The big business of charter schools
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| Parent(s) |
Issue
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| Contributor | RP |
| Last Edited | RP Oct 02, 2012 05:28pm |
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| Category | Commentary |
| Author | Valerie Strauss |
| Media | Newspaper - Washington Post |
| News Date | Friday, August 17, 2012 12:05:00 PM UTC0:0 |
| Description | If you are wondering why you should add charter schools to your investment portfolios, here’s David Brain, head of a major investment concern called Entertainment Properties Trust, to tell you.
This isn’t a joke.
You may think charter schools are just one option for parents looking for an alternative to traditional public schools for their children, but they are big business in some quarters.
DB: Well I think it’s a very stable business, very recession-resistant. It’s a very high-demand product. There’s 400,000 kids on waiting lists for charter schools ... the industry’s growing about 12-14% a year. So it’s a high-growth, very stable, recession-resistant business. It’s a public payer, the state is the payer on this, uh, category, and uh, if you do business with states with solid treasuries. then it’s a very solid business.
Anchor: You’ve invested in retail centers, ski parks, you’ve got charter schools, you’ve got movie theaters.... If you could buy one thing right now, David, one type of asset in real estate, what would it be?
DB: Well, probably the charter school business. We said it’s our highest growth and most appealing sector right now of the portfolio. It’s the most high in demand, it’s the most recession-resistant. And a great opportunity set with 500 schools starting every year. It’s a two and a half billion dollar opportunity set in rough measure annually. |
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