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Princeton Enterprises Acquires Embassy West Apartments

 

Embassy West

Bloomfield Hills, Mich., February 14, 2012 — Princeton Enterprises, a privately held real estate investment company based in Bloomfield Hills, Mich. is pleased to announce the purchase of the Embassy West Apartments, a multifamily apartment community located in Waterford, Mich.

Princeton Enterprises closed on the 88 unit property on January 12, 2012. Gordon Navarre of Marcus and Millichap’s Detroit office brokered the transaction on behalf of a private seller.

Embassy West Apartments is centrally located in Oakland County and is surrounded by some of the most recognized Metro Parks, lakes, and recreational areas in the region. Situated just off M-59, Embassy West is minutes from I-75, I-23, and M-24, and just a short drive to Great Lakes Crossing outlet mall, Canterbury Village, Alpine Valley Ski Resort, DTE Music Theatre, Palace of Auburn Hills, and the Oakland County International Airport. The property features spacious one and two bedroom apartment homes with walk in closets, individual patios and balconies, and a sparkling swimming pool surrounded by beautifully landscaped grounds.

“Embassy West is a well built and well maintained property that enjoys a good location,” commented Matt Lester, Founder and Chief Executive Officer of Princeton Enterprises. “The acquisition of this community complements our other holdings in the area and will be a stable, long term investment for our organization.”

For additional information on this announcement or Princeton Enterprises, please contact Michele Dreer at (248) 683-2500 or mdreer@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 400 employees, overseeing over 75 properties and 14,000 individual apartment units in Michigan, Ohio, Indiana, Kentucky, Georgia, North Carolina and South Carolina.

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