(Read more on the TIC market and the multifamily market .)

LOS ANGELES-SCI Real Estate Investments has acquired student apartment complexes in Florida, Kansas and Mississippi from GMH Communities Trust in the locally based company’s first portfolio buy of student housing assets. The portfolio comprises five student housing complexes totaling more than 1.32 million sf near major university campuses, including two near the University of Florida and one each on or near the campuses of Florida State University, Kansas State University and the University of Southern Mississippi.

According to Scott Derrick, chief acquisitions officer for SCI, the company’s capability to purchase portfolios “will immediately accelerate our growth as buyers of high quality properties.” Derrick and Bill Rose, vice president of national multifamily and student housing, represented SCI. GMH Communities was represented by Ryan S. Reid, senior vice president and national director of student housing at CB Richard Ellis.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.