BLOOMFIELD HILLS, Mich., January 14, 2014 — Princeton Enterprises, a privately held real estate
investment company based in Bloomfield Hills, Mich. is pleased to announce the purchase of Covington Apartments located in Ypsilanti, Mich.
Princeton closed on Covington Apartments January 9, 2014 with the assistance of Al Beachum and JJ Zwada from Income Property Organization who brokered the deal on behalf of a private seller.
Covington Apartments is an 86 unit multifamily community that offers spscious one bedroom apartment homes with locked foyer entries and two and three bedroom townhomes with private entries. Each apartment and townhome feature air conditioning, updated kitchens and bathrooms, large closets and a private patio or balcony. The community provides on-site laundry facilities, abundant parking, and 24 hour emergency maintenance service.
Covington is located minutes from Eastern Michigan University and is close to I-94 and Route 23 making it convenient to reach local dining, shopping and entertainment venues. The property is only a short distance from the Ypsilanti Heritage Festival, the Huron River, Frog Island Park, and Riverside Park, which features fishing and cycling trails.
“The acquisition of Covington is our first in Ypsilanti and the first of many real estate investments we have planned for 2014,” commented Matt Lester, Founder and Chief Executive Officer of Princeton Enterprises. “As we continue to expand our portfolio we look to new markets, which have afforded us the ability to find new investment opportunities such as Covington.”
For additional information on this announcement or Princeton Enterprises, please contact Michele Dreer at (248) 683-2500 or firstname.lastname@example.org.
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 100 properties and 18,000 individual apartment units in Alabama, Florida, Georgia, Indiana, Kentucky, Michigan, Missouri, North Carolina, Ohio, and South Carolina.
Copyright ©2014 Princeton Enterprises unless otherwise noted.