An association may directly own or invest in real estate, improved or unimproved, to be used for office and related facilities and for rental or sale, if the investment is made and maintained under a prudent program of property acquisition to meet the association's present needs or its reasonable future needs for office and related facilities.
Direct ownership of real estate by associations
S.C. Code Ann. § 34-28-530, under Title 34, Chapter 28.
S.C. Code Ann. § 34-28-530