Andover is actively acquiring manufactured housing and RV communities across the United States. We believe both property types offer attractive long-term supply-demand fundamentals, require specialized operational expertise, and benefit from low capex requirements leading to strong cash flows.
We believe manufactured housing communities are a critical piece of addressing the affordable housing crisis in the U.S. Our investments are focused on preserving or expanding this segment of the housing market. We strive to operate our properties in a first-class manner and provide our residents a safe, clean, and reliable living experience.
RV parks and resorts are an emerging asset class that will, over time, benefit from institutional capital inflows as investors seek low-capex, high-yielding assets. We seek to acquire RV assets that are well-located and have durable demand drivers, where we can apply institutional management practices to realize significant operational uplift.