Andover Properties

Great News! Andover Lending has been nominated for?"Best Lender"?in the?2025 Inside Self-Storage Best of Business Reader’s Choice Poll!?This prestigious poll highlights the top providers in the self-storage industry across 40 product and service categories. We’re honored to be recognized, and we’d love your support! Voting is open through?March 31—cast your vote through the link below and help us secure the top spot: https://lnkd.in/gQGiCbSb

In January?at the New York Self Storage Association (NYSSA)?2025 Investment Forum, Andover Properties President & CEO Brian Cohen joined industry leaders to discuss self storage lending and the state of the self storage sector. ? Andover’s lending program provides non-recourse, bridge and construction financing for self storage, small bay industrial, car wash, and manufactured housing sponsors across the country. Unlike many other lending programs, Andover Lending does not require third-party management or bank deposits. We recently surpassed $250 million in transaction volume with our partner,?TPG Angelo Gordon.?Interested prospective borrowers can connect with us at?[email protected]. ? Our lending program complements Andover’s?best-in-class, Storage King USA?self storage operating platform. With 170?assets owned across 19 states,?we are?one of the largest private owner-operators of self storage in the U.S.?Our?internally-managed operating platform?provides proprietary, real-time insights, and our 20+ years investing in the sector position us to capitalize on opportunities across the risk-return spectrum.

We are excited to announce the acquisition of a prime self-storage facility in Rockingham, North Carolina – Storage King USA’s 15th asset in the state – expanding our portfolio in the southeastern United States! Customers will benefit from multiple floors of climate-controlled units and drive-up access, keypad-controlled entry with mechanized gates, and 24/7 recorded video surveillance. Learn more about this strategic growth within our portfolio, and discover how we're committed to providing top-tier storage solutions and enhancing customer satisfaction: https://lnkd.in/e25NhvCT

We’re excited to announce that Andover Lending has surpassed $250 million in transaction volume in less than a year since launching! This milestone highlights the growing demand for our platform, which combines Andover Properties’ deep sector expertise with TPG Angelo Gordon’s $70 billion credit platform. We’re expanding our lending services to include small bay industrial, car wash, and manufactured housing sponsors, in addition to self storage. The?platform continues to provide max-proceeds, non-recourse bridge and construction financing with no requirements for third-party management or bank deposits. To read more, visit: https://lnkd.in/dS9gCsn4 To find out more about Andover Lending, visit: https://lnkd.in/dTTEHs59

Today, we reflect on the legacy of Dr. Martin Luther King Jr., a leader whose vision for equality, justice, and unity continues to inspire us all. His commitment to creating a better future reminds us of the power of community, and the importance of standing together to build each other up. At Andover Properties, we are committed to fostering inclusivity and creating a community where everyone has the opportunity to thrive.

We’re excited to announce a $21 million construction loan through Andover Lending for the redevelopment of a retail site in Irving, Texas. This joint venture between LaTerra Development and Platinum Storage Group will transform the location into a 195,000-square-foot, Class-A self storage facility. Located at 2488 Market Place Blvd., this project will feature climate-controlled units, drive-up access, and enclosed RV storage, serving the vibrant communities of Las Colinas and Irving. This milestone reflects Andover Lending’s commitment to providing flexible, non-recourse financing for self storage sponsors nationwide. Learn more: https://lnkd.in/eZvkPm6Y TPG Angelo Gordon

As we ring in the New Year, all of us at Andover are filled with gratitude for the incredible support of our employees, customers and partners. The start of a new year is a time to reflect on our achievements, embrace new opportunities, and set our sights on the future. Here’s to a year filled with growth, success, and shared milestones!

Happy Holidays from Andover Properties! This time of year, we’re celebrating the warmth and joy that brings us all together. Whether you’re lighting the menorah, decorating the tree, or simply enjoying time with loved ones, we wish you a season filled with peace, happiness, and countless blessings.

In November, the Andover Properties team gathered in sunny Miami for our annual corporate retreat—a three-day journey of connection, reflection, and innovation! With all divisions coming together, we paused our routines to dive into open conversations about challenges, achievements, and strategies for the future. Take a look at some of the great photos from our retreat, and check out a full recap here: https://lnkd.in/e_4ci7XV.

We’re proud to announce the acquisition of three premier car washes in Florida, which will be rebranded under our growing Squeeky’s Car Wash brand. These facilities, located in Palm Springs, Plant City, and Orlando, double our number of locations, and will offer the exceptional service and a little bit of fun that our customers have come to expect from Squeeky’s Car Wash. https://lnkd.in/eJZypVnN