SCI Capital Group Closes First Mezzanine Fund

Exceeds Target and Exercises Greenshoe Option

LOS ANGELES, July 31 /PRNewswire/ -- SCI Capital Group announced today
that it has closed its SCICG Mezzanine Fund I, LLC with capital commitments
exceeding its initial $10 million offering. Demand exceeded expectations as a
result of the quality of the offering and its industry leading design. As a
result, the fund's greenshoe option was exercised, allowing it to take in
additional subscriptions.
(Photo: http://www.newscom.com/cgi-bin/prnh/20080731/LATH552-a)
(Logo: http://www.newscom.com/cgi-bin/prnh/20080731/LATH552LOGO-b)
SCICG Mezzanine Fund I will provide short-term secured loans to SCI
affiliates for real estate development activities and for the acquisition of
developed commercial real estate. SCI is a diversified investment company that
includes real estate development and the sales and syndication of commercial
real estate with a current portfolio of properties in the amount of $1.9
Billion.
"We are very excited about the level of interest we received in this
investment vehicle. I'm very proud of our sales and marketing teams for
generating such robust interest, while at the same time raising awareness
about SCI, its long history, and its exceptional reputation as one of the top
real estate firms in the country," said Daniel Oschin, President of SCI
Capital Group.
About SCI Capital Group and SCI Real Estate Investments, LLC
SCI Capital Group is a strategic business extension of parent company SCI
Real Estate Investments offering a wide range of real estate investment
products including funds, notes and other investments. Future programs
currently under development include a public non-traded REIT, additional
funds, 1031 exchange eligible DSTs and other innovative offerings that will
leverage the strength and expertise of SCI.
Founded in 1994, SCI Real Estate Investments, a national real estate firm,
has acquired, developed and repositioned hundreds of properties nationwide.
Its current portfolio consists of 67 properties in 16 states and over 13
million square feet of diversified co-owned and wholly owned commercial real
estate. SCI was named by INC magazine as one of America's fasted growing
private companies in 2005, 2006, and 2007. For additional information, please
visit http://www.sciproperties.com or http://www.scicapitalgroup.com.
SOURCE SCI Capital Group

JW Robison of SCI Real Estate Investments, +1-310-470-2600, ext. 162,
jwrobison@sciproperties.com