Corporate Guaranty (NYSE: KLC) from the #1 Corporate Operator in the Country
– KinderCare is the largest private provider of high-quality early childhood education in the US by center capacity with the ability to serve over 200,000 children across its more than 2,400 centers and sites.
– KinderCare currently operates in over 40 states across the United States.
– #1 largest childcare brand with $2.66 billion in 2024 reported annual revenue.
KinderCare Completed IPO in October 2024
– KinderCare completed its IPO in October 2024, raising approximately $616M in proceeds and receiving a credit rating upgrade as a result.
– FY 2024 revenues of $2.66B, a 5.9% increase over the previous year.
6+ Years Remaining with CPI Increases Every 5 Years
– The KinderCare. corporately guaranteed lease, has over 6 years remaining.
– The lease features CPI rental increases every 5 years, capped at 10.00% and continuing into the option periods, growing NOI and hedging against inflation.
– The lease features zero landlord responsibilities, allowing for a passive investment for a new landlord.
Over $164,000,000 Spent on Education and Daycare in a 5-Mile Radius
– A strong focus on education and early childhood development can make a city more attractive to businesses and skilled workers, contributing to overall economic growth.
– Participants in early childhood programs, including Tulsa’s universal pre-K program, are more likely to enroll in college and potentially experience higher earnings in adulthood.
Atlanta MSA – 240,000+ People in 5-Miles
– Atlanta’s economy is highly diversified, with the metro’s top employers representing a wide variety of sectors.
– With few natural barriers to limit development, tremendous population growth over the past decade expanded the metro’s borders, and the region now has a population of roughly 6.0 million people. Over the next five years the region is expected to add approximately 316,000 residents.
– The urban core has been the epicenter of several major construction projects in recent years, with Centennial Yards headlining urban renewal in downtown Atlanta.
