Archive for the “Princeton Enterprises” Category

  • ORCHARD LAKE, Mich., Nov. 18, 2010 — Princeton Enterprises, an Orchard Lake, Mich.-based real estate investment and management firm, recently announced the purchase of The Chimney’s of Oak Creek Apartments in Kettering, Ohio for $9.7 million. Michele Dreer, Director of Communications for Princeton, made the announcement.

    The transaction closed on October 15, 2010, with Princeton acquiring the property from Wells Fargo Bank as trustee for the note holders who took control of the asset through the foreclosure process and the court appointed receiver, Finsilver Friedman Management Corporation. The special servicer, Torchlight Investors (formerly ING Clarion Capital, Inc.), negotiated the sale on behalf of the seller.

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  • ORCHARD LAKE, Mich., Oct. 13, 2010 — Princeton Enterprises, an Orchard Lake, Mich.-based real estate investment and management firm, recently announced the purchase of Briar Cliff Woods and Cambridge Woods Apartments in Toledo, Ohio. Michele Dreer, Director of Communications for Princeton Enterprises, made the announcement.

    Princeton acquired the note from CW Capital and foreclosed on the borrowing entity to acquire 240 units in a stable apartment market.

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