NEW YORK, Oct. 19, 2026 /PRNewswire/ — Andover Properties, a vertically integrated real estate investment firm specializing in alternative asset classes, today announced the acquisition of a self storage facility in Pinehurst, Texas. The acquisition marks Andover’s latest move to expand its 48-asset Texas footprint and reflects the firm’s strategy of unlocking value through hands-on, institutional-caliber asset management.

Located at 35335 State Highway 249, the property spans nearly 46,000 NRSF across a mix of climate-controlled and drive-up units. Built in 2015 and previously operated by a local, independent owner, the facility sits in one of the Houston metro’s fastest-growing corridors, where the surrounding population is expanding by more than 2.4% annually and median household income tops $102,000 — a combination that points to strong, durable demand for storage in the years ahead. The facility is also just a 15-minute drive from another Andover-owned Storage King USA location, allowing the company to layer local market intelligence and operating efficiencies across both sites.

Andover plans to invest in targeted site improvements, while implementing its revenue management system, marketing engine, and customer-facing technology to lease the property up to stabilized occupancy and improve customer experience.

“This is a classic Andover lease-up opportunity: a well-located, well-built facility that the previous owner simply didn’t have the platform to fully capitalize on,” said Brian Cohen, President and CEO of Andover Properties. “By bringing our institutional operating discipline to an asset like this, we expect to meaningfully improve performance while giving the surrounding community a better-run, better-maintained place for their storage needs.”

The facility will operate under Andover’s Storage King USA brand and benefit from the company’s in-house operating expertise, which spans property management, asset management, marketing, revenue management, capital markets, and construction.

For more information about this new location, or to inquire about rental availability, please visit the Storage King USA website.

About Andover Properties

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 15 million square feet across more than 180 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.

For media inquiries:
Andover Properties
press@andoverprop.com

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SOURCE Andover Properties