BLOOMFIELD 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 Fairgrounds Park Place Apartments located in St. Louis, Mo.
Princeton closed on Fairgrounds Park Place Apartments on May 30, 2013 with the assistance of Ken Aston of Hendricks-Berkadia, who brokered the transaction on behalf of the seller, Kohner Properties.
Fairgrounds Park Place Apartments is a 72 unit multifamily apartment community that offers one and two bedroom homes with thirteen unique floorplans. Residents will benefit from large walk in closets, central heat and air conditioning, locked foyer entry,on-site laundry, and 24 hour emergency maintenance service. Located close to freeway I-70, Fairgrounds Park Place is a short drive to downtown St. Louis and within walking distance to the metrolink, local library, shopping and dining outlets.
“We are excited to enter the St. Louis multifamily real estate market with the addition of Fairgrounds Park Place,” commented Matt Lester, Founder and Chief Executive Officer of Princeton Enterprises. “We have been watching the St. Louis market and are excited to lend our expertise in property management to this community.”
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 90 properties and 17,500 individual apartment units in Alabama, Florida, Georgia, Indiana, Kentucky, Michigan, Missouri, North Carolina, Ohio, and South Carolina.