SCI Real Estate Investments News

SCI Announces Recent Acquisitions in Texas, Arizona and South Carolina

LOS ANGELES, Feb. 12 PRNewswire — SCI Real Estate Investments, a national real estate principal and one of the nation's largest tenant-in-common (TIC) sponsors, announced today that it has acquired three new properties totaling 1,012,772 square feet. SCI specializes in the acquisition of Class-A properties for the sale of interests to accredited buyers through 1031 Exchanges and co-ownerships.

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"All of these properties benefit from being located in robust growth areas," said Scott Derrick, Chief Investment Officer for SCI. "Both the North Dallas area and Greenville County, South Carolina are experiencing ongoing population growth and economic expansion. And Arizona State University's enrollment is expected to grow from its current 55,000 students to an estimated 90,000 by 2020. With its on-campus housing already in short supply, it continues to put demands on ASU's student housing market."

Estancia Townhomes is a 207-unit, luxury apartment-home community located in Dallas, Texas. The property features two, three, and four-bedroom units designed as private single-family residences, with two-car garages and gated entries. Community amenities include a resort-style pool, athletic center, large patios and balconies.

Verdae Village is a 241,548 square foot grocery-anchored shopping center located in Greenville, South Carolina. It benefits from being located immediately adjacent to Verdae Development, a 1,100 acre master planned development currently under construction. Credit tenants include Super BI-LO Supermarket, Stein Mart, Office Depot, The Olive Garden, Burger King and Arby's.

Gateway on Apache, a 400 unit/684 bed luxury student apartment community located in Tempe, Arizona, serves the students of Arizona State University. Property amenities include resort-style pool with spa and clubhouse, fitness center, sand volleyball court, and student/business center.

"It's a great time to buy quality real estate," said Marc Paul, SCI President and Co-Founder. "And our latest acquisitions are great additions to our Class-A portfolio."

About SCI Real Estate Investments

SCI is an active principal that specializes in buying Class-A commercial properties. SCI works exclusively through licensed professionals to offer co-ownership interests and 1031 exchange replacement properties to accredited buyers. SCI was founded in 1994 and is headquartered in Los Angeles, California. For additional information, please visit http://www.sciproperties.com.

Available Topic Expert(s): For information on the listed expert(s), click appropriate link. Marc Paul JW Robison http://profnet.prnewswire.com/Subscriber/ExpertProfile.aspx?ei=71830

SOURCE SCI Real Estate Investments

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