While our client, ESJ Capital Partners, owned all the buildings, several schools were run by different operators. That required us to do a lot of work educating potential buyers on each operator in terms of experience, performance and business plans.

This deal is unique because having so many different charter school operators added a level of complexity that we rarely see in other deals. The due diligence prior to closing, took several months as each school was inspected and its charter reviewed. Additionally, just as we were about to close, Hurricane Matthew delayed closing so the buyer could re-inspect each school property.

GlobeSt.com: Can we expect to see this trend continuing into 2017?

Noel: Absolutely, especially in Florida where state legislators have created a charter school-friendly environment. The momentum of this concept is expected to continue as parents seek additional public education options to provide competitive and innovative learning opportunities to their children.

Also, the fact President-elect Donald Trump appointed Betsy DeVos as the Education Secretary is good news for developers and investors of charter schools. DeVos is a big supporter of charter schools as a way of bringing quality education to children from all socio-economic background.

MIAMI—The talk continues about how a President Donald Trump's reign will impact commercial real estate. But here's an angle we haven't yet discussed: charter schools.

Colliers International Education Services Group brokers, Achikam Yogev and Todd Noel recently brokered the $71.4 million sale of five Florida charter schools to buyer Charter School Capital based in Portland, Oregon. GlobeSt.com sat down with the two brokers to discuss why this deal was so unique and the Trump angle in part two of this exclusive interview. You can still read part one: CRE Investors Betting On Rising Unique Asset Class.

GlobeSt.com: Tell us more about the five-property portfolio and why is this deal unique?

Yogev: Three of the charter schools are in Broward and the other two are in the Tampa area and Vero Beach. They total 295,992 square feet on 40 acres.

While our client, ESJ Capital Partners, owned all the buildings, several schools were run by different operators. That required us to do a lot of work educating potential buyers on each operator in terms of experience, performance and business plans.

This deal is unique because having so many different charter school operators added a level of complexity that we rarely see in other deals. The due diligence prior to closing, took several months as each school was inspected and its charter reviewed. Additionally, just as we were about to close, Hurricane Matthew delayed closing so the buyer could re-inspect each school property.

GlobeSt.com: Can we expect to see this trend continuing into 2017?

Noel: Absolutely, especially in Florida where state legislators have created a charter school-friendly environment. The momentum of this concept is expected to continue as parents seek additional public education options to provide competitive and innovative learning opportunities to their children.

Also, the fact President-elect Donald Trump appointed Betsy DeVos as the Education Secretary is good news for developers and investors of charter schools. DeVos is a big supporter of charter schools as a way of bringing quality education to children from all socio-economic background.