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PRINCETON ENTERPRISES ACQUIRES SPRING HILL APARTMENTS

Bloomfield Hills, Mich., March 4, 2014 — Princeton Enterprises, a privately held real estate investment Buildingcompany based in Bloomfield Hills, Mich. is pleased to announce the purchase of Spring Hill Apartments located in Goose Creek, S.C.

 

Princeton purchased the 192 unit multifamily apartment community on February 11, 2014 with the assistance of Mark Boyce from Marcus & Millichap, who facilitated the transaction on behalf of the seller, CW Capital, through auction.com.

 

Spring Hill Apartments feature one, two, and three bedroom spacious floorplans with walk in closets, fully equipped kitchens, separate dining areas, updated bathrooms with vanities, balconies or patios, and private entrances. The community provides its residents with an outdoor swimming pool, on-site laundry facilities, and 24 hour emergency maintenance service.

 

Located in the outskirts of Goose Creek, Spring Hill is near I-26 and thoroughfares 176, 78, and 52. Spring Hill is in close proximity to the Charleston Naval Weapons Station, Charleston International Airport, Charleston Southern University, Francis Marion National Forest, Goose Creek Reservoir, and historic downtown Charleston.

 

“We are pleased to add another real estate asset property to our presence in South Carolina,” commented Matt Lester, Founder and Chief Executive Officer of Princeton Enterprises, LLC. “Spring Hill is a strong investment in a thriving neighborhood that will benefit from our expertise in property management.”

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