Andover targets undervalued multifamily and commercial real estate investments located in the Southeast and Midwest that can benefit from an aggressive value-add strategy. These investments have operational inefficiencies but have strong submarket underpinnings of population, employment, and income growth with high barriers to entry.
Our target properties generate stable, in-place cash flow whereby value can be created at the property level, and possess long-term upside.
Andover delivers long-term, superior risk-adjusted returns utilizing the following strategies.
Focus on Current Returns
Andover’s aggressive approach to property and asset management generate higher returns by adding value through 1) improving units that can net higher rents 2) increasing "other income" while at the same time providing value and additional services for its residents.
Preservation of Capital
Andover will not speculate and overpay for real estate, rather it finds opportunities that can be purchased at below replacement cost with stable recurring cash flow. This bodes well for our investors that are focused on the long term goal of maintaining and growing wealth consistently instead of through riskier investments vulnerable to losses.