Real Estate Central

Continues to Expand Commercial Real Estate Portfolio

LOS ANGELES, June 24 /PRNewswire/ — SCI Real Estate Investments, LLC
announced today that it has acquired Campus Park, a student apartment
community located within a half mile of Oklahoma State University, from
Internacional Realty Group of Companies for an undisclosed price.

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The purchase marks SCI’s expanding student housing portfolio, which
includes 14 student housing properties serving 12 major universities.
Future acquisitions near other major universities throughout the country
are planned as SCI continues to expand its nationwide portfolio, which also
includes retail shopping centers and multi-family properties.

Campus Park is located in the city of Stillwater, just six blocks from
the Oklahoma State University campus, along the Campus Transit System. The
property spans 19 acres, including 10 apartment buildings and a clubhouse,
with additional land for potential future development. The 138 unit/384 bed
apartment community includes a pool with spa, volleyball and basketball
courts, computer room, and private study/conference rooms.

Oklahoma State University, founded in 1890, is a comprehensive research
facility attracting more than $495 million annually in research and other
sponsored programs. Enrollment is estimated to be over 20,000 and
Stillwater has a strong demand for off-campus student housing.

“We know we can add value to this property and provide much-needed, top
quality housing for the University’s student community,” said Marc Paul,
president and co-founder of SCI.

“This property has tremendous upside potential. We have plans for
development of phase two, which will upgrade the property with 165
additional beds,” said Scott Derrick, chief investment officer for SCI.

SCI was represented by Scott Derrick, chief investment officer, and
Bill Rose, vice president of national multifamily & student housing.

About SCI Real Estate Investments

SCI is an active principal and one of the nation’s largest
tenant-in-common (TIC) sponsors. SCI specializes in buying Class-A
commercial properties. Over the past year, SCI has added nearly four
million square feet to its nationwide portfolio, now valued at over $1.9
billion. 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.




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Marc Paul
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[Via Real Estate Newswire]