Mayo Group maintains a highly diversified property portfolio.
This diversified approach is also reflected in our development activities.
The core of our real estate business is the acquisition, development,
construction and management of quality, moderately priced housing for working
people. Multifamily housing, both in the acquisition and improvement of existing
properties and in the ground-up development and construction of new opportunities,
represents the largest component of Mayo Group's property holdings and our development
program. Most of the commercial property portfolio is located in the New England area
and it ranges from restored properties in Lynn's Central Square to retail and
industrial buildings in Southern New Hampshire.
As Mayo Group has continued to grow and expand, we have undertaken new
opportunities throughout the United States in areas such as Texas and Georgia.
Typically, Mayo Group looks for underperforming properties and seeks to add value
through strategically placed investments and improvements. This "value added"
philosophy combines prudent expenditures and a planned exit strategy in a focused
effort to achieve acceptable returns.
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