We have owned and operated self storage facilities since 2003. Today, we are one of the largest private owners in the sector. We own more than 160 facilities totaling over 14 million square feet in 19 states across the country under our Storage King USA brand.

We also provide third party management to owners who do not want the hassle of day-to-day operations.

Why We Like Self Storage

  • Stability through economic cycles
  • Strong, broad, consistent demand
  • Measured supply
  • Low tenant turnover
  • Fragmented industry presents consolidation opportunity for strong management teams
  • Low capex requirements leading to high cash flow conversion

Assets We Target

  • Strong risk-adjusted returns and tax-advantaged cash flows
  • Attractive basis at a discount to replacement cost
  • Institutional quality
  • Markets with supply constraints and low competition
  • Value add potential through efficient management
  • Expansion potential

1IRR and MOIC shown are net of all Andover fees but prior to any Andover promote. Past performance is not necessarily indicative of future results, and there can be no assurance that the company will achieve comparable results in the future. These figures include all realized investments in the Andover Properties portfolio through October 31, 2024

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