Mercatus and Kettler recapitalized St. Andrews Reserve in April 2023. The previous ownership group had renovated the common areas and addressed most deferred maintenance. The current business plan includes continuing the unit renovation program, upgrading the property’s landscaping, and replacing the damaged unit balconies—the remaining 169 to be replaced during the first year of ownership. The business plan is to renovate the remaining classic units over the course of the first 36 months.
