What We Do
Our Strategy, Competitive Advantages & Investment Criteria.
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Core / Light Value Add
Our core/light value add investment strategy is focused on achieving attractive cash-on-cash returns by acquiring stabilized, light-risk profile assets that are held for the long term. This investment strategy is driven by:
- attractive financing terms currently available,
- the ability to acquire stable cash-flowing assets at a basis below replacement cost, and
- moderate improvements to the property to achieve greater upside over the mid-to-long term.
Size: Typical investments are between $15,000,000 and $40,000,000.
Product Type: Multifamily, Student Housing, Office
Geography: Our primary focus is in sub-markets with strong local demand drivers in the States of Florida, Michigan, Indiana and Ohio.
Deal Sourcing Ability
Local owners still tend to dominate the ‹ $20 million segment of the market. Andover specializes in opportunistic real estate investments where value and outsized returns are created using best-in-class third party providers to a segment characterized by non-institutional competition with second-rate operating and management platforms.
Local Market Knowledge
Authenticity, Honesty, Integrity
Andover recognizes that “people make the world go ‘round” which is why its focus on being closely connected to its investors, lenders, and third party partners is so critical. It’s really about “who we are” more often than “what we do”. Our integrity, authenticity, and honesty is what drives Andover to be a reliable, trusted partner in all its dealings.