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Andover Properties acquires Leominster storage facility

PRIVATESep 10, 2026about 2 hours ago

Acquiring Company

Andover Properties

Acquired Company

Self Storage Facility

New YorkReal Estate

Description

Andover Properties has acquired a self storage facility in Leominster, Massachusetts. This acquisition will enhance Andover's presence in the Northeast and add to its national self storage portfolio. The facility includes nearly 800 units and various amenities to serve customers efficiently. This move aligns with Andover's core investment strategy focused on well-located facilities.

Company Information

Company

Andover Properties

Location

New York, New York, United States

About

Andover Properties is an investment firm specializing in alternative real estate asset classes, including self storage, manufactured housing, RV parks, small-bay industrial, and car washes. The firm is one of the largest private owner-operators of self storage facilities in the United States, with a portfolio exceeding 14 million square feet across more than 175 facilities in 20 states. Founded in 2003 by Brian and William Cohen, Andover is headquartered in New York City with offices in Miami and San Francisco.

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Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
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M&A deals with strong technology integration plans are 2.5x more likely to succeed

Frequently asked

Who acquired Self Storage Facility?

Self Storage Facility was acquired by Andover Properties, based in New York. The deal was reported on September 10, 2026. Andover Properties is an investment firm specializing in alternative real estate asset classes, including self storage, manufactured housing, RV parks, small-bay industrial, and car washes. Andover Properties is privately held and operates in Real Estate.

When did Andover Properties acquire Self Storage Facility?

Andover Properties's acquisition of Self Storage Facility was reported on September 10, 2026. Andover Properties has acquired a self storage facility in Leominster, Massachusetts. This acquisition will enhance Andover's presence in the Northeast and add to its national self storage portfolio. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Self Storage Facility do?

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