CINCINNATI-Dover Realty Advisors LLC, based in the Detroitsuburb of Bingham Farms, MI, is expanding by adding an office hereto focus on multifamily institutional asset and propertymanagement, including REO turnaround and receivership work.Principal Terry Schwartz has brought in Dan Schultz to run thisoffice.

Schwartz, who left his post as president and COO of VillageGreen Apartments in 2000, says the new office is part of his moveback to property management and receivership. Originally focusingsolely on asset management, Dover’s property management group hasseen a 50% increase in revenue growth in the past six months, withthe group now running more than 6,5000 units.

This area was the best fit for expansion, he tells GlobeSt.com.“We wanted to capture mid-Ohio, as we’re already doing Toledo andCleveland. This office will let us get into multifamily marketshere and in Kentucky and Indiana,” Schwartz says.