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PRINCETON ENTERPRISES ACQUIRES PARKHURST MOBILE HOME COMMUNITY

Bloomfield Hills, Mich., May 4, 2015 — Princeton Enterprises, a privately held real estate investment company based in Bloomfield Hills, Mich. is pleased to announce the purchase of Parkhurst Estates located in Oxford, Mich. in a transaction that closed on April 30, 2015.images

 

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

Parkhurst Estates is a manufactured home community located in the south end of Oxford, Michigan offering single and double-wide manufactured homes ranging from two-four bedrooms as well as open lots for rent. Homes feature fully equipped kitchens, laundry rooms with washer/dryer hookups, fireplaces and storage sheds. The community provides a clubhouse, fitness center and a private lake with beach and boating access. 24 hour emergency maintenance and onsite professional management are also available to residents.

 

Located just off US 24, Parkhurst Estates is just minutes from Downtown Lake Orion which features many dining and shopping locations. It is also a short drive from the Bald Mountain State Recreation Area and The Palace of Auburn Hills, home of the NBA Pistons, and a popular concert and event location. Interstate 75 and state highhways are close by allowing for easy travel through northern Oakland County.

 

“The entertainment and recreational venues surrounding Parkhurst Estates makes it an ideal location for those looking to live in northern Oakland County,” commented Matt Lester, Founder and Chief Executive Officer of Princeton Enterprises. “We have several manufactured home communities and are excited to be adding another location to our expanding portfolio.”

 

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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2550 Telegraph Road, Suite 200 | Bloomfield Hills, MI 48302 | PH: 248.683.2500 | communications@prinmgmt.com