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PRINCETON ENTERPRISES ACQUIRES TIMBER RIDGE APARTMENTS

Timber Ridge - First EntranceBLOOMFIELD HILLS, Mich., June 3, 2013 — Princeton Enterprises, a privately held real estate investment company based in Bloomfield Hills, Mich. is pleased to announce the purchase of Timber Ridge Apartments located in St. Louis, Mo.

 

Princeton closed on Timber Ridge Apartments, a 141 unit multifamily apartment community, on May 30, 2013 with the assistance of Ken Aston from Hendricks-Berkadia, who brokered the transaction on behalf of the  seller,  Kohner Properties.

 

Timber Ridge Apartments feature two bedroom homes with eatin kitchens,  laundry facilities in each building, 24 hour emergency maintenance service, and an outdoor swimming pool. The community is in close proximity to I-270, Columbia Bottom Conservation Area, Eagle Springs Golf Course, North County Recreation Complex and Bellefontaine Conservation Area. Timber Ridge  is within walking distance of the Mississippi River, North Riverfront Park, Chain of Rocks Park as well as local shopping, dining and entertainment venues.  

 

“We are pleased to enter our ninth state with the recent acquisition of Timber Ridge Apartments,” commented Matt Lester, Founder and Chief Executive Officer of Princeton Enterprises, LLC. “The property is in a great location where the Missouri and Mississippi Rivers confluence creating an area that is surrounded by water, agriculture and conservation efforts .”

 

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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