At the heart of Andover’s methodology is a long-term value oriented philosophy that uses creative and aggressive strategies to optimize investor returns for its multifamily investments. Andover focuses on identifying opportunities that are under-performing in its submarket, then repositions and rebrands these assets with a devotion to best practices in the industry. Local market knowledge, deal so
urcing capabilities, and reliable execution provide Andover with distinct competitive advantages. Most importantly, is its "willingness to go to any length” to create successful assets that result in successful returns. Andover targets undervalued multifamily and commercial real estate investments located in the Southeast and Midwest that can benefit from an aggressive value-add strategy. These investments have operational inefficiencies but have strong submarket underpinnings of population, employment and income growth with high barriers to entry. Our primary focus is Florida and Michigan in submarkets with strong local demand drivers. Investment Philosophy - Andover delivers long-term, superior risk-adjusted returns utilizing the following strategies:
Focus on Current Returns:
Andover’s aggressive approach to property and asset management generate higher returns by adding value through: 1) improving units that can net higher rents; and, 2) increasing “other income” while, at the same time, providing value and additional services for its residents. Preservation of Capital:
Andover will not speculate and overpay for real estate, rather it finds opportunities that can be purchased at below replacement cost with stable recurring cash flow. This bodes well for our investors that are focused on the long-term goal of maintaining and growing wealth consistently instead of through riskier investments vulnerable to losses. 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.
