A company tied to real estate investors David and Leila Centner bought a shuttered charter school site in Wynwood for $12.8 million, signaling growing demand for charter school sites in South Florida.
DLC Capital Management LLC bought the former Aspira Arts DE/CO Charter School at 1911 Northeast Miami Court from Aspira of Florida.
Aspira of Florida’s board of directors agreed in January to voluntarily close the group’s three charter schools on June 30 due to financial troubles. Earlier this month, the group sold one of its charter schools at 13300 Memorial Highway in North Miami for $6.8 million to Yeshiva Elementary School.
Colliers International South Florida’s Achikam Yogev represented Aspira of Florida and DLC Capital Management in the most recent sale.
Charter school sites are becoming increasingly attractive for investors in South Florida due to growing enrollment in Florida as well as the ability to tap into tax-exempt bonds.
The Centners have recently bought other property in Edgewater and near the Miami Design District.
Last year, the Centners paid about $10 million for an empty office building at 4136 North Miami Avenue in Miami’s Buena Vista neighborhood where they opened Centner Academy, a private preschool, this week.
In 2000, David Centner started Highway Toll Administration LLC in New York, a company that provided electronic toll paying technology for rental car companies and other vehicle fleet operators, which he sold in March 2018 to Platinum Equity, a private equity firm.
In May, a company tied to the Centners bought a property near Related Group’s Paraiso development in Edgewater for $13.65 million.