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Finance Connected to Real Estate
Who did you meet with today?
Today I met with Eric Relos, Tina Lin, and Anna Olsen who are all connected in different levels of financing real estate.
Where do they work? What does the company do?
Anna and Tina work with PCSD, and Eric works for Capital Impact, which is an organization that helps the development of a project by financing loans.
What did you learn today? What were some highlights?
Today I learned about three different positions of real estate related to financing. The project manager supports architectural design and mapping, finding the problems and solving them. The finance director helps “translate” approvals or problems that may occur, and lenders, help support funding the project from the beginning and forward until the project has been completed.
As Anna, the Project Manager, completes a project or runs into a problem, she has to relay it to Tina, the Director of Finance, who supports Eric, a lender, by helping him understand the problems and ways to avoid or improve them.
What insights did you gain into the field of real estate development?
Something I took away from this is that it takes a long process to approve a project and its funding, anything can hinder the approval.
What did you find the most interesting about the field in the field after today?
Financing plays a huge role in developing, completing, and revising a project. If the budget was to ever be exceeded, then you must already have prepared at least the same amount of money you put down as a contingency.
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PCSD Secures $11M in Grants for Texas Expansion
We are thrilled to announce a major milestone for PCSD as we have recently secured two grants totaling a substantial $11 million from City Fund and Charter School Growth Fund. These funds are earmarked to drive our expansion efforts in the vibrant educational landscape of Texas, specifically targeting charter schools in Houston, San Antonio, and Austin.
The infusion of $11 million will play a pivotal role in advancing our mission to dismantle systemic inequality in education by expanding opportunities for students in under-resourced communities. We are dedicated to creating innovative and sustainable facility solutions that meet the unique needs of charter schools, fostering long-term educational impact.
Our commitment to fostering educational choice and addressing racial and educational inequity is reflected in this expansion initiative. By strategically focusing on Houston, San Antonio, and Austin, we aim to make a meaningful impact on the lives of students in these diverse communities.
We invite our community, partners, and supporters to share in the excitement of this significant achievement. The grants secured not only signify financial support but also a vote of confidence in our mission to create a positive and lasting impact on education in Texas.
Stay tuned for further updates as we embark on this exciting journey to expand educational opportunities and dismantle barriers to success in Houston, San Antonio, and Austin.
Together, we continue to build a brighter future for students in under-resourced communities.
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Leadership Public School (LPS) Visit
Who did you meet with today?
Today I had the opportunity to meet Nick Robinette and Dave Thalman from Clark Sullivan, Sandra Lee from Lionakis, Anna Olsen from PCSD, and Christopher Harrell, Brent Daniels, and Chanthip Phongkhamsavath from Leadership Public Schools (LPS).
Where do they work?
In general, they all work for different firms but are working to construct a new structure for Leadership Public Schools (LPS). Currently, they are building an extra space to create more learning space for students in LPS; PCSD has managed the project to provide LPS the opportunity to build this space. Furthermore, I was able to see how much help they all contributed to this. Though Nick is a general contractor at Clark Sullivan, his background in design has helped further the modeling of the building, especially since there is a limited amount of space to work with. Sandra’s background in architecture at Lionakis has contributed a lot with the underground work. All these people have contributed a lot to this project in different ways.
What did you learn today? What were some highlights?
Today I was able to get to know the background that goes into building a project like the new LPS building; and how the architect and construction team come into play with this. I highlighted a lot of important factors that may be needed so that issues like the code requirements don’t become an issue later on. I learned that there is different software that go into planning a project that ultimately helps these plans become completed. When determining the time of completion for construction projects, scheduling software is especially helpful because it provides an estimated time using historical data. Among several other highlights, I discovered that when working with projects like building school-related properties electricity is especially important since it is highly necessary to students and staff. Electrical engineers are also a very important factor to managing projects that need a lot of electricity overall.
What insights did you gain?
Insights into this week’s visit are the small details that a school facility should have to make the facility a lot better for students. I highlighted the mention of sheer walls because compared to other buildings sheer walls are specifically designed to provide structural support and can help keep noise in one area. I also gained a lot of insight that isn’t really talked about when coming into the architect field. Sandra talked about her experience in the field and the process. I like that she mentioned so much about her school process, the test, and what the test/exams consist of and how far she has come and where she is now in being officially licensed.
What did you find the most interesting about the field after today?
By far I would say that getting to know the overall process that goes into constructing was really interesting, but coming back from certain setbacks was also interesting to know because it makes the experience more real, rather than just making it seem like everything is easy. I was also interested to learn how different as well as difficult it can be to construct and plan projects that have schools that are so connected like LPS and Castlemont.
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The Array of Options for Being a Lawyer
Who did you meet with today?
Today I met with Mera Baker Ramos, a Real Estate lawyer at PCSD, and Sarah Kollman who is also a Real Estate lawyer, working with Young, Minney, & Corr (YMC).
Where do they work? What does the company do?
Sarah Kollman is a Real Estate Lawyer who works at Young, Minney, & Corr law firm, which supports charter schools. Mera Baker Ramos is also a Real Estate Lawyer and an in-house counsel for Pacific Charter School Development (PCSD).
What did you learn today? What were some highlights?
Today I met with two Real Estate Lawyers and I learned some interesting things about their professions and how they are similar and different. Ms. Kollman, who works with YMC, has a different agenda and clientele than Ms. Ramos. Ms. Kollman is an external lawyer who has many clients; working as a Transactional Lawyer. However, in Ms. Ramos’s case, she only works for PCSD, as an in-house counsel.
What insights did you gain into the field of real estate development?
I gained an understanding of how being an in-house lawyer and an external lawyer work: how they manage their time and how they get paid. An external lawyer has it more difficult because their agenda has to be filled with work to get paid through billable hours , which complicates their daily life. Corporate lawyers have it easier compared to external lawyers as they don’t have to put in as much overtime.
What did you find the most interesting about the field after today?
I found it interesting that there could be lawyers for everything and anything, ranging from Art Lawyers to Court Lawyers.
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PCSD Welcomes Fall Interns
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