Andover Properties

Andover Properties is a private investment firm deeply committed to owning, operating, and developing commercial properties across the United States. We specialize in alternative real estate asset classes, including self-storage, car washes, manufactured housing and RV communities, and small bay industrial properties. Our long-standing expertise in these specific sectors has allowed us to become one of the most prominent private owner-operators of self-storage facilities in the country.

We pride ourselves on our vertically integrated structure, which distinguishes us as a best-in-class operator. This unique approach grants us proprietary insights and real-time information across our portfolio, enabling us to identify trends, anticipate market shifts, and capitalize on emerging opportunities. Our team of seasoned professionals, boasting over two hundred years of combined real estate experience, possesses a deep understanding of each asset class we manage. This expertise, coupled with our robust investment structuring capabilities, allows us to navigate diverse market conditions with confidence.

Investment Philosophy

At Andover Properties, our investment philosophy is centered around identifying value-add opportunities within targeted asset classes. We actively seek out properties that exhibit high growth and/or undersupply characteristics, recognizing that these dynamics often present compelling investment prospects. We are equally drawn to situations where we can identify capital structure issues, operator inefficiencies, or underutilized assets. Our disciplined approach allows us to capitalize on these scenarios, implementing strategic interventions through renovation, expansion, or ground-up construction projects that enhance both the value and performance of the assets. This investment perspective ensures we remain agile and adaptable, maximizing returns for our investors while contributing to the sustainable growth of our portfolio.

Our Service Offerings

Andover Properties is committed to providing comprehensive services that encompass every stage of the real estate lifecycle. We actively engage in acquisitions, development, capital markets, investment structuring, property management, and asset management.

Our expert acquisition team possesses a keen eye for identifying undervalued properties with strong potential. Leveraging our extensive market knowledge and network of industry contacts, we identify and secure opportunities that align with our investment criteria. We are equally adept at capitalizing on ground-up development opportunities, working closely with architects, engineers, and contractors to execute projects that meet the highest standards of design, functionality, and construction quality.

Our in-house capital markets team facilitates strategic financing solutions, constantly seeking to optimize capital structure and minimize cost of capital for our portfolio assets. We specialize in understanding the nuances of various financing structures, allowing us to tailor solutions that meet the specific needs of each investment.

Andover Properties' commitment to excellence extends beyond acquisitions and development. Our robust property management and asset management teams are dedicated to maximizing the operational performance and long-term value of our assets. Our dedicated teams oversee day-to-day operations, ensuring the smooth functioning of our properties and delivering exceptional customer experiences. Our asset management expertise focuses on optimizing property performance through strategic initiatives, diligent financial management, and ongoing renovation and improvement projects.

Teamwork and Collaboration

At Andover Properties, we foster a culture of teamwork and collaboration, recognizing that our collective strengths drive our success. Our experienced leaders, each with specialized expertise, work seamlessly together, leveraging their collective insights and knowledge to make informed decisions and execute successful strategies.

We believe in empowering our employees to take ownership and contribute to the company's growth. Our talent acquisition process is designed to attract exceptional individuals who are passionate about real estate and share our commitment to excellence. Continuous professional development and mentorship opportunities are provided to ensure that our team remains at the forefront of the industry.

A Legacy of Success

Over the past two decades, Andover Properties has established a strong track record of success, acquiring, developing, and managing a diverse portfolio of commercial properties spanning multiple asset classes. Our success is built on a foundation of experience, expertise, and unwavering commitment to our core values. We strive to be a responsible and ethical steward of our properties, creating value for our investors and contributing positively to the communities in which we operate.