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PRINCETON ENTERPRISES ACQUIRES CATHEDRAL TOWER APARTMENTS

imageBLOOMFIELD HILLS, Mich., June 3, 2013 — Princeton Enterprises, a privately held real estate investment company based in Bloomfield Hills, Mich. is pleased to announce the purchase of Cathedral Tower Apartments located in Detroit, Mich.

 

Princeton  acquired the 235 unit, 18 story high rise on May 30, 2013 with the assistance of 
Ken Aston of Hendricks-Berkadia who represented Kohner Properties for the transaction.

 

Catheral Tower offers unique studio and one bedroom floorplans featuring recent updates, walk in closets, fully equipped kitchens, and air conditioning. Other features of the community include doorman service, a fitness center, two resident lounges, and 24 hour emergency maintenance service. Cathedral Tower is located in the heart of the Detroit Midtown neighborhood and is within walking distance of Wayne State University, Detroit Medical Center, College for Creative Studies and the John Dingall VA hopsital.

“The revival of Detroit is well under way and we are pleased to have acquired another asset within the city,” commented Matt Lester, Founder and Chief Executive Officer of Princeton Enterprises. “The proximity of Cathedral Tower to Wayne State, the DMC, and the College for Creative Studies is ideal for students and professionals that work or attend school in the area.”

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 90 properties and 17,500 individual apartment units in Alabama, Florida, Georgia, Indiana, Kentucky, Michigan, Missouri, North Carolina, Ohio, and South Carolina.

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