HOUSE_OVERSIGHT_024533.jpg
1.62 MB
Extraction Summary
0
People
4
Organizations
2
Locations
3
Events
1
Relationships
3
Quotes
Document Information
Type:
Corporate financial memorandum / corporate structure report
File Size:
1.62 MB
Summary
This document is a page from a financial memorandum detailing the corporate structure and real estate strategy of KLC (Knowledge Learning Corporation). It describes the separation of the company into an operating company (KLC OpCo) and a real estate company (KLC PropCo) in November 2005, involving the transfer of 845 Early Childhood Education (ECE) centers and significant debt restructuring including $700 million in CMBS debt. The document outlines the lease terms between the two entities and asserts KLC PropCo's status as the largest private owner of education real estate assets globally.
Organizations (4)
| Name | Type | Context |
|---|---|---|
| KLC | ||
| KLC PropCo | ||
| KLC OpCo | ||
| House Oversight Committee |
Timeline (3 events)
November 2005
November 9, 2005
Locations (2)
| Location | Context |
|---|---|
Relationships (1)
KLC PropCo leases its centers to KLC OpCo for an aggregate annual rent of $96.3 million.
Key Quotes (3)
"KLC PropCo believes it is the largest private owner of education real estate assets in the world."Source
HOUSE_OVERSIGHT_024533.jpg
Quote #1
"KLC PropCo was separated from KLC OpCo to create a flexible vehicle to address the growing opportunity in education related real estate."Source
HOUSE_OVERSIGHT_024533.jpg
Quote #2
"The lease agreement... carries an initial term of 15 years with two extensions available for five years each"Source
HOUSE_OVERSIGHT_024533.jpg
Quote #3
Discussion 0
No comments yet
Be the first to share your thoughts on this epstein document