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Expanding educational opportunities for students in under-resourced communities

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PCSD

Stepping into the World of Construction & Meeting an Auditor

July 10, 2024 by PCSD

Who did you meet with today?

Today, I had the pleasure of meeting with Henry Escobar, who is a construction manager at Bernards, and Lili Huang, who is the Business Assurance Principal at CLA. 

Where do they work? What does the company do?

Bernards is a commercial builder and construction management company that provides technical expertise and construction services to developers (e.g. PCSD), corporations, educational institutions (e.g. Bright Star Schools), and public agencies (e.g. LAUSD). CLA (CliftonLarsonAllen) is a firm that offers industry-focused wealth advisory, outsourcing, audit, tax, and consulting services with the goal of creating possibilities for private businesses, public enterprises, nonprofit organizations, and the individuals who own and run them. 

What did you learn today? What were some highlights?

One of the things I learned from Henry today was that Civil Engineering is the best type of engineering (LOL). But, most importantly I learned the construction process of a school by touring Rise Kohyang High School with Henry and Gilbert Tercero, Project Manager, PCSD. Along with learning about built-up roofing, I also learned about the expansion of materials when not exposed to a constant temperature.

By talking with Lili I was able to learn about the firm she works with and the impact they strive to make with their clients. Learning about the firm’s diversity, equity, Inclusion, and belonging initiative was also really inspiring. 

Some of the highlights of the day included visiting  a construction site and being able to witness the planning and effort that is being made to complete the school first hand. Speaking with Lili and getting to hear about her experiences was also another highlight since she was really empowering and inspiring. 

What insights did you gain into the field of real estate development?

One of the key insights I gained was a deeper understanding of the development process. I realized that developing a school can present a number of problems and challenges, and that numerous people, including the project managers, contractor, architects, and engineers , must work together to find a solution. This frequently requires compromise or a mutual agreement about the building’s structural vs. design elements. Additionally, completing a project in real estate requires a team of people. An auditor such as Lili is essential to the completion of a project, just as bankers, engineers, lawyers and contractors are. For example, I also learned that electricity is crucial for the operation of a school since it is required not only for the building to function but also for the students and staff. As a result, several engineers and contractors must collaborate to ensure that the project is managed properly.

Did you become more interested in the field after today?

I definitely became more interested in real estate development than ever before! I would also add that my interest in civil engineering and real estate development has grown as a result of learning about the planning, teamwork, and of the entire process involved in construction. Speaking with some of the contractors and project managers was also an excellent way to gain exposure, insights, and learn about the various aspects of real estate development. Furthermore, I had no idea that a business like CLA ever existed, therefore I found it really fascinating to hear from Lili about the various growth prospects and opportunities offered by a company like CLA. 

Looking at the new floor being placed in the gym
Standing outside the school
Wrapping up the tour
Lili Huang and the interns

 

Filed Under: Blog Tagged With: Construction, internships

Pursuing Law and Engineering in Real Estate

July 3, 2024 by PCSD

Who did you meet with today? 

Today, my fellow interns and I got the opportunity to speak with Mera Baker Ramos, an in-house lawyer for Pacific Charter School Development (PCSD). Later that same day we got the chance to speak to Gilbert Tercero, one of the many project managers working at PCSD. 

Where do they work? What does the company do? 

Both Mera and Gilbert work for Pacific Charter School Development (PCSD), a non-profit focused on real estate. The organization works tirelessly to achieve their goal of building facilities for charter schools who are under-resourced. From organizing the finances for the construction to finding locations for the facilities, PCSD looks to make the process of building a school more welcoming and simple for charter schools in order to promote access to high-quality education in our community.

What did you learn today? What were some highlights? 

From speaking with both Mera and Gilbert, I learned about how law and planning go into real estate. I got to hear about Mera’s journey and how she came to work for PCSD. Also, I got to get her perspective on how difficult it is to study law and the work it requires. On the other hand, I learned from Gilbert that it is good to be well connected in college to secure a job through internships. Also, I gained more of an understanding about the work of a civil engineer and the work they do to make sure a property is set to start construction. 

Some highlights from our conversations were hearing about Mera’s experience in criminal justice and Gilbert’s work on the Sofi Stadium and Intuit Dome. I got a good understanding about how there are many different types of law that someone can study depending on what you like most. Also, I got to hear about the work and process put into constructing a large project, with the challenges of flooding and traffic.

What insights did you gain into the field of real estate development?  

One of the many insights I gained into the field of real estate development was the importance of law in being able to get multiple entities to agree on a project. The attorney on one side writes up a document representing their interests and needs on a project, then it gets sent back and forth between all parties until they all agree. But, the process is more difficult than this as both sides have redlines.

Redlines represent the editing of one side to better suit their needs in a contract as they won’t always agree, this is when the negotiations happen. 

This showed me how real estate can become more complicated as many people disagree with each other in the process of writing a legal document that can affect their position in a project. So having someone who understands law is important as you want to make sure that you are being treated fair in any legal situation. 

Did you become more interested in the field after today? 

After today, I have become more interested in real estate, specifically in law and its many different sub categories that are all important.  I have become more interested in the law side of real estate because I liked that you are able to justify your intentions and come to a reasonable compromise between many people legally. Furthermore, I think real estate is a field that I can see myself in as it has many career paths that are all some I like. Also, I think that it is very interesting how all the different careers come together to be able to effectively develop a property.

Gilbert talking about civil engineering
Mera presenting about becoming a lawyer

Filed Under: Blog Tagged With: engineering, internships, law

PCSD Attends NCSC24

July 3, 2024 by PCSD

PCSD had an incredible experience at the National Charter Schools Conference (NCSC24) hosted by National Alliance for Public Charter Schools! The PCSD team connected with inspiring educators, leaders, funders, finance professionals, and advocates dedicated to expanding educational opportunities. One of the many highlights was our Facilities and Financing Happy Hour—big thanks to everyone who joined us and to Civic Builders, PNC, and Level Field Partners for co-hosting. We left the conference energized and ready to continue our mission of dismantling systemic inequality in education.

 

Filed Under: Blog

Exploring the World of Real Estate Development with PCSD

July 2, 2024 by PCSD

Who did you meet with today?

Today, I had the opportunity to meet with Joe Wilson, who is a Project Director, and Scott Thomas, who is the project finance coordinator here at PCSD.

Where do they work? What does the company do?

Pacific Charter School Development is a nonprofit real estate development organization, with a goal of assisting schools on their journey to being a charter school by helping them with anything related to real estate, like finding a permanent facility. PCSD fundamentally builds charter schools from scratch, which means that the organization has many different areas that build up the final product, for example, scouting, finance, or the legal aspects.

What did you learn today? What were some highlights?

During my time with PCSD I learned about the process of how a school called Equitas was built.  As well as how a project finance coordinator manages and deals with different circumstances when it comes to money, which was particularly fascinating because I learned a rich history about a school PCSD worked on and new finance terms.

Some of the highlights of the day included viewing before pictures of Equitas and seeing the complete transformation in person, which provided me with a deeper understanding and appreciation of how much planning and effort went into the project. 

What insights did you gain into the field of real estate development?

One of the key insights I gained was understanding what a budget contingency is. A budget contingency is additional money that is used in case of unexpected costs during development, or in other words, kind of like emergency money in case we go over our budget. This showed me the importance of finance and budgeting because it ensures that a project could continue smoothly, even if unexpected circumstances occur. 

I realized that real estate development involves ensuring that a location is suitable for what it is planned for, which in this case would be a school. This requires communication skills and knowledge because someone has to look at the environmental factors of the property, the utilities, location, infrastructure,  legal issues and more. 

Did you become more interested in the field after today?

After today’s experience, I found myself more intrigued by the field of real estate development because learning about most of the steps that go into planning and building beforehand is interesting. Additionally, seeing the complete transformation of a school that used to be an armored car facility was awesome to see! The exposure has definitely increased my interest in pursuing a career in real estate development.

Joe highlighting a feature at EQ 5/6
Gathering at EQ 5/6
Joe talking about EQ 5/6 facility
Walking the halls of EQ 5/6
The team gathered by the playground at EQ 5/6

 

Filed Under: Blog Tagged With: financing, internships, project manager

TCSD Launches Charter School Incubator

July 1, 2024 by PCSD

TCSD is launching a new Charter School Incubator Program! This initiative is designed to support newly authorized charter schools by helping them identify both short-term and long-term facility solutions. We’re committed to providing expert guidance and resources to ensure these schools can thrive and serve their communities effectively from day one.

We’re pleased to announce that our first investment under this program is with UP Excellence, a newly authorized operator in Houston. This partnership will help UP Excellence create an outstanding educational environment for their students, embodying our commitment to educational equity and innovation.

Filed Under: Blog

PCSD Celebrates with RYSS Pasadena

July 1, 2024 by PCSD

The RYSS Pasadena Campus celebrated with a Renovation Groundbreaking ceremony in June. They are undergoing a major renovation to create a state-of-the-art educational facility for PreK-12th grade. The revamped campus at full scale will accommodate 760+ students and feature a library, STEM and science labs, a large gymnasium, and a performance auditorium. This transformation underscores our commitment to providing high-quality learning environments for all students.

RYSS Team ready for groundbreaking
RYSS team at the ceremony
RYSS speaking
Eric Kot speaking
Registration and ready for the fans
Hard hats and hammers for the team
Cookies for the event

Filed Under: Blog

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