KinderCare

• Leader in the Childcare Sector: Founded in 1969, KinderCare is the single largest for-profit childcare provider in the country with 2,600+ locations and is one of the longest-standing players in space.
• Publicly Traded Childcare Provider: KinderCare (NYSE: KLC) raised $576M through its initial public offering in October 2024 and is one of the only public childcare providers nationally.
• Revenue Growth: Over the past 5 years, KinderCare has consistently increased year-over-year revenues with $2.7B+ in 2025.
• Top 25 MSA: Austin ranks among the 25 largest U.S. metropolitan areas, with an estimated population of more than 2.6 million residents.
• Significant Population Growth: The Austin MSA has experienced approximately 31% population growth over the past decade, adding more than 620,000 residents since 2015, and has ranked 6th nationally in total population growth from 2024 to 2025.
• Major Technology Hub: Known as “Silicon Hills,” Austin is home to the corporate headquarters of Tesla, Oracle, and Dell Technologies, along with major operations from Apple, Google, Amazon, and Samsung, driving significant corporate investment and long-term growth.
• Established Childcare Location: The property was acquired through an M&A transaction involving an existing, successful childcare center rather than developed as a new location, providing an established operating history and substantially lower rent than comparable deals on the market at $25/SF.
• Long-Term Lease with Above Market Increases: The lease features a new 15-year lease term with no landlord responsibilities and 2% annual rental increases.
• Full-Term Corporate Guaranty: The lease is backed by KinderCare Learning Companies, Inc. for the entire duration of the lease term.