Hanover Real Estate Partners

Overview

Hanover Real Estate Partners is a privately-owned real estate investment firm specializing in the acquisition, management, and operation of institutional-grade commercial real estate assets across the United States. Founded in 1982 and headquartered in Greenwich, Connecticut, the firm focuses on owning, managing, and operating commercial properties for its own account and on behalf of individual private equity investors and institutional joint venture partners. Hanover's portfolio includes office buildings, flex/warehouse spaces, hospitality, retail, golf, and residential real estate, totaling over 2.7 million square feet of commercial space and a market value exceeding $650 million. The firm's investment strategy centers on identifying undervalued real estate assets and repositioning them to realize their full potential. This approach involves acquiring controlling interests in mature syndicated real estate partnerships, tenant-in-common (TIC) properties, privately held non-traded real estate investment trusts (REITs), and other illiquid off-market real estate. Hanover emphasizes expense management, tenant retention, and aggressive marketing to optimize property value. Hanover's management team, led by Kenneth Boyle and Reed Miller, possesses over 55 years of combined real estate experience. Their strong industry relationships and hands-on approach have enabled the firm to consistently provide above-average risk-return profiles for its investors. Hanover's unique acquisition strategy and operational expertise have resulted in returns on a risk-adjusted basis with a minimum of 18% to 35% for most equity investments over an average holding period of three to five years, as required to implement the firm's strategic initiatives.

Investment Focus

• Controlling interest acquisition
• Repositioning of undervalued assets
• Institutional-grade commercial properties