Summer Chase Apartment Homes is a 168-unit garden-style apartment community located Little River, South Carolina on the north end of the Grand Strand of the Myrtle Beach MSA. The Grand Strand is a 60-mile arc of uninterrupted coastline that attracts over 14 million visitors each year and is known worldwide as a tourist destination for golf and beach related activities. The MSA was ranked as one of the US top ten fast growing metro areas in 2012 and is projected to reach a population of over 320,000 by 2017.
Summer Chase was developed in 2000 and consists of 168 one and two-bedroom apartment homes averaging 960 square feet. Amenities include clubhouse, swimming pool, 24-hr fitness center, grilling areas, playground, and access gates. Unit features include washer/dryer connections, custom cabinetry, microwave ovens, ceiling fans and walk-in closets.
A comprehensive property enhancement programs will begin in the Fall of 2014 and will focus on upgrades to the clubhouse and community amenity package and a continuation of the unit interior upgrades started in early 2014. Upon completion of the capital program, the asset will be held in portfolio for long term cash flow and appreciation.