Andre Agassi Backed Turner-Agassi Charter School Sells Franklin Academy For $60 Million

Turner-Agassi Charter School Facilities, backed by tennis star Andre Agassi  sold the Franklin Academy at 5000 Southwest 207th Terrace in Pembroke Pines for $60.5 million to Erudite Properties.

Records show that Turner-Agassi bought the property for $10.1 million in 2015. The company built a K-12 school in 2016 in the 40-acre campus.

Turner-Agassi Charter School Facilities is a joint venture of Turner Impact Capital and Agassi Ventures. Turner-Agassi is backed by a institutional investors who share a commitment to effecting positive societal change in cities across the United States.

To date, 96 schools have been developed or are in development across the country, serving 48,980 students in communities such as North Philadelphia, Newark, the Bronx, South Dallas, and North Las Vegas.

Turner-Agassi helps schools in site selection, acquisition, design and construction for new school facilities. These new facilities are then leased back to school operators, who can purchase their schools once they reach full occupancy. The fund intends to help operators obtain permanent financing using New Market ax Credits, tax-exempt bond offerings or funding from the U.S. Treasury’s Community Development Financial Institutions Fund.

Continue ReadingAndre Agassi Backed Turner-Agassi Charter School Sells Franklin Academy For $60 Million

Retired Tennis Star Li Na Donates 3 Million Yuan To Fight Coronavirus

Retired Chinese tennis player  Li Na has donated 3 million yuan ($430,000) to fight the coronavirus. Coronavirus has paralyzed the city of Wuhan, the hometown of Lina. 

Li Na, who won 2 grand slam titles – 2011 French Open and the 2014 Australian Open made the donation through a charity foundation. She was inducted into the Hall of Fame in 2019. 

Other sports stars from Wuhan including soccer players Wang Shuang and Hao Junmin also made donations to help the city recover from the epidemic. 

 

 

Continue ReadingRetired Tennis Star Li Na Donates 3 Million Yuan To Fight Coronavirus