Academica, a Florida-based for-profit company, manages roughly a third of Southern Nevada’s charter campuses through service contracts layered on top of nonprofit school boards. One of those contracts routes public per-pupil funding through a warehouse-district property owned by Academica’s own founder, at more than five times the going commercial rate. Nevada’s Legislature tried to ban… Continue reading One Company Runs a Third of Clark County’s Charter Schools. Its Own Founder Owns the Building It Rents Back to Them.
Tag: finance
ONE MAN, TWO HATS, AND THE PRIVATE EQUITY CHAIN BEHIND DOWNTOWN LAS VEGAS HOUSING
Jason LeDell is listed simultaneously as former managing partner of Cherry Development, which builds workforce housing in downtown Las Vegas, and as corporate broker and regional manager of RHOME, a property management company explicitly backed by Associa, the largest HOA management company in the United States. Associa received a minority private equity investment from Summit Partners in 2008 — an investment that has since ended through a management buyout.
Your Ambulances By Billionaires
When someone in Las Vegas calls 911, the ambulance that arrives is owned by Wall Street. American Medical Response and MedicWest Ambulance — the two private companies that hold franchised emergency ambulance contracts with the city of Las Vegas, North Las Vegas, and Clark County — are both subsidiaries of Global Medical Response, a Texas-based… Continue reading Your Ambulances By Billionaires
