In August, 2012 Andover Real Estate Partners acquired a 268-unit institutional quality asset located in Naples, Florida for $22,000,000.
Meadow Brook Preserve provides you with the very best in apartments for rent in Naples, FL. From the moment you step on the community grounds, you start to feel the comfortable and relaxed lifestyle you deserve. A dedicated staff works to ensure your total satisfaction while you enjoy top-notch amenities and a spacious, comfortable home.
Upon takeover, Atlas implemented a value-add program which included $800,000 in unit upgrades and amenity enhancements. The value-add program has yielded rent increases of 10% and occupancy levels above 95%. Andover Real Estate Partners has also rolled out its “Town Village” concept which encourages residents to interact with one another and creates more of a community.