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PRINCETON ENTERPRISES ACQUIRES THE PALMS EAST APARTMENTS

BLOOMFIELD HILLS, Mich., March 11, 2014 — Princeton Enterprises, a privately held real100115
estate investment company based in Bloomfield Hills, Mich. is pleased to anno
unce the purchase of Orleans East Apartments located in Detroit, Mich.

Princeton purchased Orleans East Apartments, a 114 unit multifamily apartment community on March 10, 2014 from a private seller.

The formerly Orleans East was renamed The Palms East Apartments and offers one and two bedroom conventional and loft style apartment homes. All apartments include walk in closets, air conditioning, dishwasher, in-unit apartment monitoring system, and private patios or balconies. Loft apartments feature one and one-half bathrooms and a skylight. The community offers laundry facilities in every building, 24 hour emergency maintenance service, and an outdoor swimming pool.The Palms East is conveniently located near freeways I-75  and I-375 allowing for easy transportion around the city and suburbs. Surrounded on three sides by Lafayette Central Park and the increasingly popular Dequindre Cut Greenway Trail, The Palms East  is also a short distance from Jefferson Avenue, downtown Detroit, William J. Milken State Park and Harbor and the Detroit Riverwalk offering its residents numerous recreational and entertainment venues within minutes of the property .

“The Palms East is an outstanding property that will increase our downtown presence and allow us to be more involved in the city of Detroit,” commented Matt Lester, Founder and Chief Executive Officer of Princeton Enterprises, LLC. “We plan to continue adding more acquisitions to our Downtown portfolio in the coming months.”

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. 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.

Links:

1.    www.princetonenterprises.com

Copyright ©2014 Princeton Enterprises unless otherwise noted.

 

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