September 29, 2023

Ramirez Household Basis acquires Cardinal Stritch campus

The Ramirez Household Basis has acquired the Cardinal Stritch College campus in Glendale and Fox Level in a $24 million deal.

The inspiration, established which was based by Gus and Becky Ramirez and has supported the event and enlargement of St. Augustine Preparatory Academy on Milwaukee’s South Facet, has but to develop particular plans for the property.

“This can be a once-in-a-generation alternative to amass a novel property that may, in time, present the Ramirez Household Basis with a platform to make an excellent bigger influence,” mentioned Gus Ramirez and Becky Ramirez, co-chairs of the Ramirez Household Basis. “When the Cardinal Stritch campus first grew to become obtainable, we moved rapidly to succeed in a purchase order settlement. Whereas we’ve a broad imaginative and prescient to develop entry to a high-quality, Christian schooling for underserved college students in Milwaukee, our particular plans for the campus will likely be decided after cautious consideration, evaluation and enter from instructional leaders at Aug Prep.”

Cardinal Stritch introduced plans to discontinue operations earlier this 12 months. The campus covers 43.5 acres and has 12 buildings with a mixed 607,000 sq. toes of house.

“The Ramirez Household Basis is constructed on the premise {that a} high-quality schooling is life-changing, which is why we’ve devoted our household’s time, efforts and assets to elevating instructional alternatives and entry for deprived college students globally,” Ramirez mentioned. “We’re excited concerning the prospects that this transaction opens up for us to proceed the campus’s religious and academic historical past and assist college students attain their God-given potential.”

Arthur covers banking and finance and the financial system at BizTimes whereas additionally main particular initiatives as an affiliate editor. He additionally spent 5 years protecting manufacturing at BizTimes. He beforehand was managing editor at The Waukesha Freeman. He’s a graduate of Carroll College and did graduate coursework at Marquette. A local of southeastern Wisconsin, he’s additionally a nationally licensed gymnastics decide and enjoys golf on the weekends.