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MG3 Group executives (from top) Marcelo Saiegh, Hernan Leonoff and Gustavo Bogomolni with Everglades Preparatory Academy and Avant Garde Academy (MG3 Group)
An Aventura-based charter school developer sold two South Florida campuses for $78.1 million, as part of a $242 million portfolio deal for eight schools throughout the state.
MG3 Group, led by Marcelo Saiegh, Hernan Leonoff and Gustavo Bogomolni, sold the schools to nonprofit Educational Growth Fund, according to a press release.
Fort Lauderdale-based Educational Growth Fund is managed by Hugh Jarrett, Dru Damico, Taylor Smith, Sherilynn Moore and Albert Fioravanti, according to state corporate records.
The deal included the sale of Everglades Preparatory Academy middle school at 2251 Mowry Drive in Homestead for $27.2 million, and the sale of Avant Garde Academy at 2025 McKinley Street in Hollywood for $50.4 million.