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PRINCETON ENTERPRISES ACQUIRES NORTH HURON MOBILE HOME COMMUNITY

Bloomfield Hills, Mich., May 5, 2015 — Princeton Enterprises, a privately held real estate investment company based in Bloomfield Hills, Mich. is pleased to announce the purchase of North Huron Mobile Home Community located in Rockwood, Mich. in a transaction that closed on April 30, 2015.DSCF3011

The acquisition closed with the assistance of Ronald Koenigsberg of Ronald Keningsbers Inc., a Farmington Hills, Michigan based brokerage firm, and Re/Max Signature Commercial Division on behalf of the Sellers.

 
North Huron offers double-wide manufactured homes as well as open lots for rent. The homes feature a variety of amenities that may include two or three bedrooms, multiple bathrooms, fully equipped kitchens, and laundry rooms with washer/dryer hookups, vaulted ceilings in the living room, bay windows, and storage sheds. The community provides onsite professional management and 24 hour emergency maintenance service.

 

Located just north of the Huron River, the community is a short walk from the newly restored Patricia Lezotte Quick Riverside Park that contains a play area, hiking trails, paddle access  and sitting areas off the river. The community is within ten minutes of Lower Huron Metropolitan Park, which features many family friendly festivals and activities including prime fishing sites and a family water park; Lake Erie Metropark and Golf Course; Detroit River International Wildlife Refuge; Oakwoods Metropark; and Willow Metropark and Golf Course. North Huron is located just off Interstate 75 and in close proximity to Interstate 275 providing easy access to surrounding areas.

 

 “North Huron is in an excellent location in the downriver area and is only a short drive to Lake Erie, Canada, Ohio, Ann Arbor, and Detroit, providing a variety of retail, entertainment, and educational resources”, said Matt Lester, Founder and CEO of Princeton Enterprises, LLC. “This acquisition increases our foothold in the manufactured home community as we continue to expand in this area of the real estate market.”

 

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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About Princeton Enterprises:

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 including multifamily housing, office, storage, and other commercial facilities. Founded in 1994 by Matthew B. Lester, the company has acquired 115 properties with an aggregate value of $1 Billion and has grown to more than 575 employees and nearly 20,000 individual apartment units in Alabama, Florida, Georgia, Indiana, Kentucky, Michigan, Missouri, North Carolina, Ohio, and South Carolina.

Links:

1.    www.princetonenterprises.com

Copyright ©2015 Princeton Enterprises unless otherwise noted.

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