Princeton Enterprises Relocates to Bloomfield Hills, Mich.

May 19, 2011 - PRLog -- From its simple beginning as a company of one, Princeton currently employs nearly 400 individuals who have contributed to its considerable growth over the past seventeen years. Operating more than 70 multifamily communities totaling over 13,500 apartment units in six states, Princeton excels at acquiring and repositioning distressed properties and poorly managed real estate assets.

Over the past three years, Princeton has acquired thirty properties and over 5,000 units without showing any signs of slowing down as it seeks new opportunities to expand its current portfolio of real estate holdings.

Princeton recognized the need for a larger corporate office to house its expanding business and relocated its metropolitan Detroit headquarters on May 10, 2011. The new office provides a refined and professional atmosphere that complements the position Princeton has achieved as a private real estate investment and management firm. Encompassing 16,000 sq. ft., the new location offers nearly double the office space and allows for a work environment that features both formal and informal conference rooms, an employee training room, and the required technological enhancements to satisfy the company’s growing needs.
For additional information on this announcement or Princeton Enterprises, please contact Michele Dreer at (248) 683-2500 or mdreer@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 nearly 400 employees, overseeing 70 properties and 13,500 individual apartment units in Michigan, Ohio, Indiana, Georgia, North Carolina and South Carolina with an aggregate value in excess of $600 million.