Canyon-Agassi Charter School Facilities Fund
The Canyon-Agassi Charter School Facilities Fund (CACSFF), a partnership between Canyon Capital Realty Advisors and Andre Agassi Ventures, will promote the success and growth of best-in-class charter schools by acting as a for-profit "bridge developer" of educational facilities. The fund will provide investors with current income and capital appreciation by responding to the growing demand for quality charter school facilities in the nation's burgeoning urban centers and by capturing the opportunities arising out of the current dislocation in the real estate market.
CACSFF will build on (a) the pioneering work of Canyon Capital Realty Advisors' urban funds that have facilitated over $4 billion of urban development over the last decade, (b) Andre Agassi's relentless pursuit of providing access to quality education for at risk children in underserved communities, and (c) CACSFF's senior management's extensive charter school development and finance experience. The fund will promote the success and growth of charter schools by building/retrofitting academically friendly, environmentally responsible learning spaces for best-in-class charter school operators who lack the financial and real estate resources to own or build campuses during the initial start-up or incubation years of a charter school. CACSFF will also seek to empower the charter school operators to purchase their facilities once the schools are stabilized by assisting the schools in obtaining and structuring the permanent financing necessary to purchase their facilities. In keeping with the longstanding commitment of Canyon and Agassi, the fund will focus on the "triple bottom line" of achieving successful financial results, fostering opportunities for communities and students and embracing environmental responsibility.
