Princeton Enterprises Acquires Cityside Apartments

Bloomfield Hills, MI, February 12, 2015 --( Princeton Enterprises, a privately held real estate investment company based in Bloomfield Hills, Mich., is pleased to announce the purchase of Cityside Apartments located in Detroit, Mich. in a transaction that closed on January 21, 2015.

The acquisition closed with the assistance of Andy Daitch and Paul Davis from the Detroit, Michigan office of Marcus & Millichap, whom brokered the transaction on behalf of the sellers.

Cityside Apartments offers 1 and 2 bedroom apartment homes and 2, 3 and 4 bedroom townhomes. Individual apartments feature central heat and air conditioning, spacious kitchens with all appliances, abundant closets, individual monitoring systems, window treatments, and laundry facilities in each building. Townhomes include private entrances, full basements with washer and dryer hook ups, large and open floorplans, 1.5 or 2 bathrooms, central heat and air conditioning, spacious kitchens with all appliances, abundant closets, individual monitoring systems, and window treatments. The property provides its residents with a community clubhouse, parking permits, and an outdoor swimming pool.

Located on the northeast corner of Chene and East Lafayette Streets in the Lafayette Park Neighborhood, Cityside is aptly named for its close proximity to all that downtown Detroit has to offer from shopping and dining districts to sport, entertainment and music venues. Adjacent to Campau Park, Cityside is within walking distance to University of Detroit Mercy School of Law, Elmwood Central Park, William G. Milliken State Park and Harbor, the Dequindre Cut Greenway Trail, the Detroit Riverwalk, and just a short drive from Belle Isle and the Detroit Windsor Tunnel for easy access to Canada.

“Cityside Apartments is a well located housing option for residents of the City of Detroit,” commented Matt Lester, Founder and Chief Executive Officer of Princeton Enterprises. “We are pleased to expand our holdings downtown with this latest acquisition and believe it places us at the forefront of quality housing providers in our great city.”

For additional information on this announcement or Princeton Enterprises, please contact Michele Dreer at (248) 683-2500 or

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 115 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.

Princeton Enterprises
Michele Dreer