Investment Philosophy

Andover seeks value-added investment opportunities, which have the following criteria:

  • Acquisitions or development in high growth markets
  • Properties which could benefit from more hands-on management and operations
  • Properties without a significant web or marketing presence
  • Properties with rents significantly below market
  • Properties not maximizing their revenue potential
  • Properties needing rehabilitation
  • Conversions and development opportunities in undersupplied markets
  • Expansion opportunities
  • Acquisitions from distressed sellers, banks, or special servicers