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PRINCETON ENTERPRISES ACQUIRES BELLEVILLE POINTE APARTMENTS

BLOOMFIELD HILLS, Mich., Dec 22, 2013 — Princeton Enterprises, a privately held real estate invesPress Release Phototment company based in Bloomfield Hills, Mich. is pleased to announce the purchase of Belleville Pointe Apartments located in Belleville, Mich.

 

Princeton closed on Belleville Pointe Apartments, formerly known as Hidden Cove Apartments, on December 19, 2013 with the assistance of Al Beachum and JJ Zwada of Income Property Organization who brokered the deal on behalf of a private seller.

 

Belleville Pointe is a 120 unit multifamily apartment community featuring one and two bedroom apartment homes with large, open floorplans, walk in closets, generous storage space and balconies. The community offers a full-size swimming pool, laundry facilities, and locked foyer entry. The property is just moments away from downtown Belleville, close to schools, shopping, entertainment and local colleges. It is also conveniently located near freeways I-94 and I-275 providing easy access to the surounding areas.

 

“We are pleased with the long term prospect of Belleville Point,” commented Matt Lester, Founder and Chief Executive Officer of Princeton Enterprises, “which will be a great addition to our existing western Wayne County portfolio.”

 

For additional information on this announcement or Princeton Enterprises, please contact Michele Dreer at (248) 683-2500 or m.dreer@prinmgmt.com.

 

Princeton Enterprises, L.L.C., located in Bloomfield Hills, Mich., is a premier real estate acquisition, development, and property management company that enjoys one of the finest reputations for successfully acquiring, repositioning and operating a diverse portfolio of real estate assets. Founded in 1994 by Matthew B. Lester, the company has grown to more than 500 employees, overseeing nearly 100 properties and 18,000 individual apartment units in ten states, including Michigan, Ohio, Indiana, Kentucky, Alabama, Georgia, Florida, Missouri, North Carolina and South Carolina.

 

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