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PRINCETON ENTERPRISES ACQUIRES REGENCY TOWER APARTMENTS

BLOOMFIELD HILLS, Mich., June 3, 2013 — Princeton Enterprises, a privately 2
heldreal estate investment company based in Bloomfield Hills, Mich. is pleased to anno
unce the purchase of Regency Tower Apartments located in Detroit, Mich.

 

Princeton acquired Regency Tower Apartments on May 30, 2013 with the assistance of Ken Aston of Hendricks-Berkadia who brokered the transaction on behalf of Kohner Properties.

 

Regency Tower is a 215 unit multifamily high-rise apartment community that offers studio and one bedroom floorplans. Apartments include fully equipped kitchens,  air conditioniing  spectacular cityscape views from the upper levels. The community features a state of the art fitness center, resident patio, 24 hour emergency maintenance service, laundry facilities, and a convenient mail center. Located less than a mile from where I-75, I-375 and the Fisher Freeway coverge, Regency Tower is just a short drive from Eastern Market, downtown Detroit and  its major stadiums and arenas.Surrounded by green areas, residents can walk or bike to the Dequindre Cut Greenway Trail, Elmwood Central Park, Campau Park, Lafayette Central Park and the Detroit Riverwalk.

 

“ The acquisition of Regency Tower expands our portfolio into the Lafayette neighborhood area of Detroit.” commented Matt Lester, Founder and Chief Executive Officer of Princeton Enterprises, LLC. “We also have a presence in the downtown and midtown sectors and look forward to future investment opportunities within 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.

 

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.

 

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