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PRINCETON ENTERPRISES ACQUIRES ORCHESTRA PLACE APARTMENTS

ph1001_w125BLOOMFIELD HILLS, Mich., April 2, 2014 — Princeton Enterprises,unce the purchase of Orchestra Place Apartments located in Detroit, Mich. April 2, 2014 — Princeton Enterprises,unce the purchase of Orchestra Place Apartments located in Detroit, Mich. April 2, 2014 — Princeton Enterprises,unce the purchase of Orchestra Place Apartments located in Detroit, Mich. April 2, 2014 — Princeton Enterprises,unce the purchase of Orchestra Place Apartments located in Detroit, Mich. April 2, 2014 — Princeton Enterprises, a privately held real estate investment company based in Bloomfield Hills, Mich. is pleased to announce the purchase of Orchestra Place Apartments located in Detroit, Mich.

 

Princeton acquired Orchestra Place, an 82 unit multifamily senior housing community offering studio, one, and two bedroom apartments, on March 31, 2014.

 

 

Orchestra Place was built in 1927 and was registered in the National Register of Historic Places in 1997. Located in the heart of midtown Detroit, Orchestra Place is situated close to Wayne State University, Detroit Insitute of Arts, Detroit Symphony Orchestra, and the Michigan Science Center. The community is also in close proximity to major medical campuses; Detroit Receiving Hospital, Karmanos Cancer Institue, Hutzel Women’s Hospital, Children’s Hospital of Michigan, John Dingell VA Medical Center, and the Detroit Medical Center.

 

The community provides its residents with handicap accessible units, ample closet space, frost free refrigerators, intercom access, emergency pull stations, individual thermostates, and beautiful views of the city.The unique “U” shaped building features a common courtyard, community room, ballroom, chapel, on-site library, and 24 hour emergency maintenance service.

 

“We are pleased with the addition of another historic building in our downtown portfolio,” commented Matt Lester, Founder and Chief Executive Officer of Princeton Enterprises, LLC. “Orchestra Place is a beautiful property in a great neighborhood that will continue to provide affordable housing to seniors living in the city of Detroit.”

 

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.

 

 

Copyright ©2014 Princeton Enterprises unless otherwise noted.
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