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Expanding educational opportunities for students in under-resourced communities

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Blog

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, Texas

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, Texas

UP Excellence Academy: A Bold New Beginning for Houston’s Youth

June 2, 2024 by PCSD

Texas Charter School Development (TCSD) has partnered with a newly authorized charter school in Houston – UP Excellence Academy.

Who is UP Excellence?

UP Excellence Academy is a newly authorized charter school that will open its doors in August 2024, serving 300 students from Kindergarten to 2nd grade. The school is led by Tamika Griffin, founder and CEO, who has 17 years in K-12 education. Her journey has been all about innovation and transformation, and she’s dedicated to making sure every student succeeds.

The school is dedicated to nurturing scholars for success in both their academic journey and life endeavors. They will achieve this by delivering an education steeped in an entrepreneurial mindset, empowering each scholar to discern and embark upon their distinct pathway to achievement.

The Big Challenge

Starting a school from scratch is tough. UP Excellence was in search of a suitable space in Houston’s 5th Ward that could be transformed into the joyful learning environment that they envisioned to serve their future students and the community, while also being conscious of maintaining affordability. But finding an affordable location that fit the bill was a challenge. There were no available facilities in the quickly gentrifying neighborhood and the big worry was that the school might have to delay its opening by a year.

The Solution

TCSD partnered with UP Excellence to find a facility solution which would allow the school to open on time for the 2024-2025 school year. We found a 55,000 square foot, former charter school facility in North Houston that was available. After careful review, it was clear this location could help UP Excellence achieve its mission.

Here’s what TCSD is doing to help make the facility a reality

  • Low-cost financing: We provided an $800,000 below market rate loan.
  • Project management: We handled the entire project, from coordinating with contractors, to managing the budget, to working with the City of Houston on obtaining the school’s occupancy certificate.
  • Lease and legal support: We secured a 15-year lease with flexible renewal and purchase options, and negotiated a lower lease cost for the first three years which allowed the school to grow into the space at an affordable cost.

The Happy Ending

Thanks to TCSD’s efforts and our close partnership with UP Excellence, the academy is set to open on time for the 2024-2025 school year. It’s the only new charter school in Houston to hit this deadline, showing the power of dedication and hard work.

Wrapping Up

UP Excellence Academy isn’t just a new school; it’s a beacon of hope and progress. It shows how community-focused efforts and strong partnerships can make a real difference. We’re excited to see the amazing impact it will have on its students and the community.

Stay tuned for more updates on UP Excellence!

Filed Under: Blog, Texas

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