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PRINCETON ENTERPRISES ACQUIRES LAKESHORE APARTMENTS

ExteriorBLOOMFIELD HILLS, Mich., March 30, 2014 — Princeton Enterprises, a privately held real estate investment company based in Bloomfield Hills, Mich. is pleased to announce the purchase of Lakeshore Apartments located in St. Clair Shores, Mich.

 

Princeton closed on Lakeshore Apartments, a 40 unit multifamily apartment community, on March 20, 2014 with the assistance of Todd Szymczak from NAI Farbman Investment Sales Group, who brokered the deal on behalf of a private lender.

 

Lakshore offers studio, one and two bedroom apartments featuring breakfast bars, neutral plush carpeting, stainless steel appliances, and walnut wood-style flooring. The property is made up of three unique buildings that offer on-site laundry, 24 hour emergency maintenance service, and outdoor spaces including a courtyard.

 

The community is close to Interstates 94 and 696 and is just off Jefferson  Avenue allowing for easy commutes in the tri-county area. Lakeshore is within walking distance to beautiful Lake St. Clair, and Lake Saint Clair Metropark, as well as being just minutes from St. Clair Shores Park, Ford Cove,  the Jefferson Yatch Club, Champine Park, the famed Nautical Mile, and numerous dining and entertainment options. 

 

“St. Clair Shores is a beautiful waterfront community and we are pleased to add Lakeshore to our Metro Detroit portfolio,” commented Matt Lester, Founder and Chief Executive Officer of Princeton Enterprises, LLC. “With its great location, Lakeshore provides its residents with easy access anywhere in the tri-county area.”

 

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

 

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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 525 employees, overseeing 105 properties and 18,500 individual apartment units in Alabama, Florida, Georgia, Indiana, Kentucky, Michigan, Missouri, North Carolina, Ohio, and South Carolina.

 



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