In Nov 2015 Andover acquired Regents Court Apartments in Westland, Michigan. Located in a solid B location off of heavily-trafficked Warren Road, with excellent visibility.
Regents Court offers spacious one or two bedroom apartment homes that include a personal patio or balcony, BBQ and picnic area, and clubroom just to name a few of the exclusive amenities we offer our residents.
The property was acquired on an “off-market” basis that has been family-owned and operated since its development. Consistently highly occupied, it was 94% leased at the time of acquisition. The property presented both increased revenue opportunities and a reduced expense structure. Upon takeover, units are achieving rental increases between $75-$100/unit following renovations as well as other ancillary charges that are being instituted.