SCI Real Estate Investments this week announced it has acquired three properties in multiple states for undisclosed amounts.

The properties, which include residential and retail space, total more than 1 million square feet and are located in Texas, South Carolina and Arizona.

Among the assets are:

  • Estancia Townhomes, a 207-unit, luxury apartment-home community located in Dallas, Texas. The property features two-, three- and four-bedroom units with two-car garages and gated entries. Community amenities include a pool, athletic center, large patios and balconies.

  • Verdae Village, a 241,548-square foot grocery-anchored shopping center located in Greenville, S.C. 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, Ariz., which serves the students of Arizona State University. Property amenities include a pool with spa and clubhouse, fitness center, sand volleyball court, and student/business center.

“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. …”

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription