First Premier Equity LLC Acquires A 132-unit Apartment Complex In Danville, Illinois For $7.2 Million

MIAMI - Oct. 3, 2014 - PRLog -- First Premier Equity LLC (“FPE” or “Company”), a commercial real estate acquisitions and operating company, today announced that it has acquired Devonshire Village in Danville, Illinois for $7.2 million.

Devonshire Village, located in Danville, Illinois, is an 11-building apartment complex with 132 units. First Premier Equity purchased 100% of the units and real estate assets. The units are operated as rentals and are currently 98% occupied. The web site is www.devonshire-village.com.

In commenting on this acquisition, CEO of First Premier Equity, Mr. Courtney Rush, said, “As we’ve previously announced, First Premier Equity’s strategy is to acquire high quality commercial real estate nationwide with a focus on multi-unit apartment complexes and buildings.  We are very excited about this purchase.”  Mr. Courtney Rush added, “This acquisition establishes us in the industry, and provides a platform for future growth.”

The property was built in 1997.  Amenities include a recreation room for parties and meetings, a community pool, open activity area and 2-way voice communication technology in each unit. Devonshire Village is just minutes to Kickapoo State Park, Lake Vermillion, Turtle Run Golf Course, Middlefork State Fish & Wildlife area, shopping, restaurants, banks and much more.

About First Premier Equity

First Premier Equity LLC (“FPE” or “Company”) is a commercial real estate acquisitions and operating company headquartered in Miami, Florida.  The Company focuses on growth through the acquisition of high quality real estate properties that have an already established and profitable apartment-rental operating business.  First Premier Equity continues to operate the apartment-rental business after it completes an acquisition.

First Premier Equity currently owns and manages one property in Illinois with 132 units.  The Company is currently in the process of acquiring additional properties throughout the United States.  First Premier Equity’s vision is to build value for its residents and employees by providing a safe and healthy environment in the workplace and at all of its apartment communities.

For additional information about First Premier Equity's strategy, management team and real estate properties, visit the Company's web site at www.1premierequity.com.