Our mission is to redefine long-term micro living across the US.
Pace Living, a subsidiary of NHD Capital, specializes in transforming underutilized hotels into studio apartment buildings in emerging markets.
At NHD Capital, we are dedicated to ensuring a solid investment foundation. We conduct a thorough underwriting process, from in-depth reviews of property performance to current market conditions.
Formerly a WoodSpring Suites, this property containing 119 units was built in 2005, and was an immediate candidate for our hotel-to-apartments holding portfolio. The property was well maintained, and the units came with kitchenettes and furniture. The transition into a multifamily asset was smooth and quick, and we achieved 100% occupancy within eight months.
Myrtle Beach I SC
This property of 130 units on seven floors was offered to us as a vacant hotel. Located in the emerging market of Charleston MSA, we were excited to implement our hotel-to-apartments conversion system, and the rental rate exceeded the pro-forma projections by 20%.
Charleston | SC
Expanding the Pace Living micro-unit brand by creating our own affordable ground-up product, this project consists of one- and two-bedroom apartments that are a mile away from Coastal Carolina University, and it will be completed by the Summer of 2024.
Conway | SC