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Tuesday Tips: Timing Your Facilities Financing Decisions

Grow Schools

June 18, 2024

Timing Your Facilities Financing Decisions

Maddy Marlton, VP of Real Estate Acquisitions, joined us to discuss key considerations for school leaders regarding facilities planning and financing as they head into the summer break. Here are the session’s top three insights.

  1. Early planning and evaluation. Start planning for facility needs 12 to 24 months in advance, especially if a lease is expiring or a new facility is needed, and evaluate the current facility for necessary improvements.
  2. Engage a team of experts. Early in the process, assemble a team of external experts, including a commercial real estate broker, financial advisor, and architect, to help navigate the complexities of financing your school’s facility.
  3. Set clear priorities and realistic expectations. Determine the school’s must-haves versus nice-to-haves before seeking facility options to guide the search process and manage expectations effectively.