10/31/2011 03:38 pm ET | Updated Dec 31, 2011

Imagine Schools' Real Estate Deals Fuel Company Growth

When students first entered Imagine Academy of Academic Success four years ago, their school was already entangled in a complex series of real estate deals — ones that would divert dollars from their education.

By the time they were on their first summer break, their brown brick building at 1409 East Linton Avenue had been sold three times, the final price nearly 10 times higher than the first. In the process, the company running the school — along with a small group of other players — cashed in.

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