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PRINCETON ENTERPRISES ACQUIRES WHISPERING PINES APARTMENTS

Bloomfield Hills, Mich., February 3, 2015 — Princeton Enterprises, aWhisper
privately held real estate investment company based in Bloomfield Hills, Mich. is pleased to anno
unce the purchase of Whispering Pines Apartments, a 144
unit multifamily apartment community located in Columbia, SC.

 

The transaction closed on January 13, 2015 with Princeton acquiring the property from a private owner. Brokering the transaction of behalf of the sellers were Andy Daitch and Paul Davis from the Detroit, Michigan office of Marcus & Millichap.

 

Whispering Pines is located minutes from the University of South Carolina School of Medicine and the William Jennings Bryan Dorm VA Medical Center; Columbia Metropolitan Airport; McEntire Joint National Guard Base and military airport; Congaree National Park; Fort Jackson Golf Club and Weston Lake Recreation Area. The community features one, two and three bedroom apartment homes with spacious floor plans, walk in closets, private terraces, laundry facilities, lighted tennis courts, an outdoor swimming pool and a clubhouse with fireplace.

 

“We were able to acquire an excellent asset in a market where we have found great success and look forward to owning the property for a long time as well as expanding our portfolio in the market.” commented Matt Lester, Founder and Chief Executive Officer of Princeton Enterprises.

 

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 110 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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