Mallard Creek is a 61,000-SF facility located on 28 acres in Charlotte, NC with a capacity of over 1,100 students. This investment followed the state’s elimination of its cap of 100 charter schools in 2011.
Investment Strategy: The land was acquired and the facility was constructed as a build-to-suit facility for the operator as a K-8 charter school, providing stable rent from a qualified operator.
Acquisition Date: October 2012.
Disposition: May 2019 to the charter school operator.