New York – October 19, 2026 -- Andover Properties has acquired a self storage facility of nearly 46,000 net rentable square feet (NRSF) in Pinehurst, Texas, expanding its Texas portfolio to 48 assets.

The property at 35335 State Highway 249 was built in 2015 and offers a mix of climate-controlled and drive-up units. A local, independent owner previously operated it.

New York – – October 07, 2026 -- Andover Properties and Heitman have formed joint ventures to acquire and operate a portfolio of more than 106 self-storage properties spanning 16 U.S. states, combining value-add and core-plus investment strategies.

Andover and Heitman target expansion across U.S. self-storage markets

The two firms plan to grow the portfolio further across additional markets nationwide, betting that current pricing allows acquisition of high-quality assets at discounted valuations.