Matt Lester, founder and president of Bloomfield Hills, Mich.-based Princeton Enterprises, sees a lot of what he calls nice, solid C properties. They have 200 units, are fairly clean, and were built in the ’70s. Lester would like to bid on them. The problem is, while Lester is looking, right […]

An Unequal Recovery

An Unequal Recovery

When it comes to falling vacancies, institutional-grade owners have it much better than smaller apartment operators. Nobody will argue that apartment owners had a good year in 2010. But how much have things improved? Depends on whom you ask. Carrollton, Texas–based MPF Research reports that from the fourth quarter of […]

There’s no question that apartments remain a hot commodity thanks to improving fundamentals and available financing. But rising prices and a limited supply of for-sale properties are starting to dampen investor interest. In 2010, apartments dominated the acquisitions of Dallas-based Invesco Real Estate, representing more than half of its total […]

KETTERING, OH-Princeton Enterprises is one of the apartment complex owners joining the buying frenzy in the multifamily market, including the recent purchase of a distressed 388-unit complex here near south Dayton. This $9.7 million purchase by the Orchard Lake, MI-based firm is one in a string of recent and planned […]