The Renaissance Charter School 2 secured a $96.69 million Revenue Bond financing to acquire its facility and support its expansion to a full K-12 program in Queens, New York.
Target Information
The Renaissance Charter School 2 ("Ren II" or the "School") is a public charter school located in Queens, New York City. Established in September 2020 as a result of growth and demand for the Renaissance educational model, Ren II was designed to accommodate students from K-12 following the success of its predecessor, The Renaissance Charter School ("Ren I"), which has been operational since May 2000. Ren I currently serves approximately 600 students and has reported a sizable waitlist, demonstrating its popularity in the community.
Ren II aims to foster an innovative and equitable learning environment, emphasizing strong partnerships with families, academic achievement, social-emotional wellness, and leadership development. Operating from a custom-built facility at 45-20 83rd Street in Elmhurst, Queens, Ren II serves around 926 students across grades K–7 and 9–11, nearing its authorized capacity of 1,053. The school is set to expand its offerings to include all grade levels by the 2026-27 academic year, as part of its mission to nurture well-rounded, responsible leaders committed to peace, human rights, environmental stewardship, and sustainable development.
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Industry Overview
The charter school sector in New York has seen significant growth over the past two decades, driven by a demand for alternative educational options that offer flexibility and innovative teaching methods. Charter schools, including those in Queens, provide families with choice an
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The Renaissance Charter School 2
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Renaissance Charter School 2
in 2025
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Disclosed details
Transaction Size: $97M