Endeavor Schools

Miami-Dade, FL

In 2012, FVP partnered with NKP Capital, Ricardo Campo and Leon Mayor & Co. to build a multi state school portfolio company. FVP was a founding partner and Anchor Investor in Endeavor Schools (“Endeavor”). Endeavor is a business specializing in the ownership and management of private schools in the U.S. The business plan involved a buy and build (operating company “opco” + property company “propco”) strategy that focused on aggregating a portfolio of properties across several U.S markets. The investment opportunity was predicated upon the highly fragmented U.S private school market with high concentration of mom & pop owners among only a handfull of large institutional owners. Endeavor was successfull in building a portfolio of 34 private schools fastly becoming the 13th largest private school owners in the U.S. In 2018, the group sold the majority of its interest in Endeavor to a top-tier equity fund and retained a small investment in the new entity. In 2022, the equity fund sold to Edeavor Schools.

PROPERTY INFORMATION

Location (Corporate Headquarters) Miami-Dade, FL

Address Various Locations in the U.S

Property Type Private Schools

Description K-12 schools / 14 metros

Property Size 34 Schools upon exit

Acquisition Date Founded 2013

Investment Strategy Buy & Build Program

Total Capitalization $73 m

Total Equity $22.3 m

Annual Revenues ~$74 m

Disposition Date May-18

Disposition Value N/A

Website: www.endeavorschools.net

School Brands Owned

Endeavor Schools
Information
Location
Multi-State
Property Type
Alternative Asset,Education Properties
Property Style
Private Schools
Description
K-12 SCHOOLS OpCo/PropCo Strategy
Size
34 Private Schools
Acquisition Date
Dec 1, 2013
Net IRR
28%
Net Multiple
3.15x
Total Cap
112,000,000
[vc_section el_class="prToptitle"][vc_row][vc_column][vc_single_image image="1658" img_size="full" alignment="center" css_animation="fadeInUp" el_class="property-logo logo100h"][/vc_column][/vc_row][/vc_section][vc_section][vc_row full_width="stretch_row_content_no_spaces" equal_height="yes" el_class="fdTopRow"][vc_column width="1/2" css=".vc_custom_1676221536790{background-color: #0d0733 !important;}" el_class="fdTopcol-left"][vc_custom_heading text="Endeavor Schools" use_theme_fonts="yes" css_animation="fadeInUp" el_class="fdSignleTitle mb-1"][vc_custom_heading text="Miami-Dade, FL" font_container="tag:h4|text_align:left" use_theme_fonts="yes" css_animation="fadeInUp" el_class="fdSignleSubTitle"][vc_column_text css_animation="fadeInUp" el_class="fdSignleText"]In 2012, FVP partnered with NKP Capital, Ricardo Campo and Leon Mayor & Co. to build a multi state school portfolio company. FVP was a founding partner and Anchor Investor in Endeavor Schools (“Endeavor”). Endeavor is a business specializing in the ownership and management of private schools in the U.S. The business plan involved a buy and build (operating company “opco” + property company “propco”) strategy that focused on aggregating a portfolio of properties across several U.S markets. The investment opportunity was predicated upon the highly fragmented U.S private school market with high concentration of mom & pop owners among only a handfull of large institutional owners. Endeavor was successfull in building a portfolio of 34 private schools fastly becoming the 13th largest private school owners in the U.S. In 2018, the group sold the majority of its interest in Endeavor to a top-tier equity fund and retained a small investment in the new entity. In 2022, the equity fund sold to Edeavor Schools.[/vc_column_text][/vc_column][vc_column width="1/2" el_class="fdTopcol-right imgH100"][vc_single_image image="1560" img_size="full" css_animation="fadeInUp" css=".vc_custom_1689873633082{margin-bottom: 0px !important;}"][/vc_column][/vc_row][vc_row full_width="stretch_row_content_no_spaces" equal_height="yes" el_class="fdinfoRow"][vc_column width="1/2" el_class="fdTopcol-left" css=".vc_custom_1676223004572{background-color: #f2f2f2 !important;}"][vc_custom_heading text="PROPERTY INFORMATION" font_container="tag:h3|text_align:left" use_theme_fonts="yes" css_animation="fadeInUp" el_class="infoSignleTitle"][vc_column_text css_animation="fadeInUp" el_class="fdInfoText"]Location (Corporate Headquarters) Miami-Dade, FL Address Various Locations in the U.SProperty Type Private SchoolsDescription K-12 schools / 14 metrosProperty Size 34 Schools upon exit Acquisition Date Founded 2013Investment Strategy Buy & Build ProgramTotal Capitalization $73 mTotal Equity $22.3 mAnnual Revenues ~$74 mDisposition Date May-18Disposition Value N/AWebsite: www.endeavorschools.net[/vc_column_text][/vc_column][vc_column width="1/2" el_class="fdTopcol-right fdImgGrid" css=".vc_custom_1676392206416{margin-top: 20px !important;}"][vc_row_inner equal_height="yes"][vc_column_inner width="1/2"][vc_single_image image="1558" img_size="full" css_animation="fadeInUp" css=".vc_custom_1689873653582{margin-bottom: 0px !important;}" el_class="imgW100"][/vc_column_inner][vc_column_inner width="1/2"][vc_single_image image="1559" img_size="full" css_animation="fadeInUp" css=".vc_custom_1689873682714{margin-bottom: 0px !important;}" el_class="imgW100"][/vc_column_inner][/vc_row_inner][vc_row_inner equal_height="yes"][vc_column_inner width="1/2"][vc_single_image image="1562" img_size="full" css_animation="fadeInUp" css=".vc_custom_1689873707697{margin-bottom: 0px !important;}" el_class="imgW100"][/vc_column_inner][vc_column_inner width="1/2"][vc_single_image image="1561" img_size="full" css_animation="fadeInUp" css=".vc_custom_1689873729265{margin-bottom: 0px !important;}" el_class="imgW100"][/vc_column_inner][/vc_row_inner][vc_row_inner equal_height="yes"][vc_column_inner width="1/2"][vc_single_image image="1587" img_size="full" css_animation="fadeInUp" css=".vc_custom_1690225363747{margin-bottom: 0px !important;}" el_class="imgW100"][/vc_column_inner][vc_column_inner width="1/2"][vc_single_image image="1588" img_size="full" css_animation="fadeInUp" css=".vc_custom_1690225382836{margin-bottom: 0px !important;}" el_class="imgW100"][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][/vc_section][vc_section full_width="stretch_row" css_animation="fadeInUp" css=".vc_custom_1676396960343{margin-top: 20px !important;margin-bottom: 20px !important;background-color: #0d0733 !important;}" el_class="developerInfoImg"][vc_row equal_height="yes" content_placement="middle"][vc_column width="1/4"][/vc_column][vc_column width="1/4"][vc_single_image image="1544" img_size="full" alignment="center" css_animation="fadeInUp"][/vc_column][vc_column width="1/4"][vc_single_image image="1844" img_size="full" alignment="center" css_animation="fadeInUp"][/vc_column][vc_column width="1/4"][/vc_column][/vc_row][/vc_section][vc_section disable_element="yes"][vc_row content_placement="middle" el_class="results-fdRow"][vc_column width="1/2"][vc_single_image image="1361" img_size="full" alignment="center" css_animation="fadeInUp" el_class="results-fdimg"][vc_custom_heading text="PROJECTIONS" font_container="tag:h3|text_align:left" use_theme_fonts="yes" css_animation="fadeInUp" el_class="infoSignleTitle"][vc_column_text css_animation="fadeInUp" el_class="fdInfoText"]Stabilized (projected) May-27Leasing Velocity (projected) 16 Months / 20 Leases Per MonthStabilized Occupancy (projected) 95%Stabilized Valuation (projected) $100,000,000Stabilized Valuation Per Unit (projected) $318,471[/vc_column_text][/vc_column][vc_column width="1/2"][vc_btn 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