PRINCETON ENTERPRISES ACQUIRES OAK TREE VILLAGE APARTMENTS

BLOOMFIELD HILLS, Mich., April 16, 2015 — Princeton Enterprises, a privately held real estate investment company based in Bloomfield Hills, Mich. is pleased to announce the purchase of Oak Tree Village Apartments located in Mt. Pleasant, Mich.

Princeton closed on the 72 unit multifamily apartment community on April 15, 2015 in a transaction brokered by Andy Daitch and Paul Davis from the Detroit, Michigan office of Marcus & Millichap on behalf of the sellers.

Oak Tree Village Apartments offers one and two bedroom garden style apartments and two bedroom townhomes featuring a variety of amenities that may include walk-through kitchens, washer and dryer connections, walk-in closets, additional storage space, private entrances, and basements in the townhomes. The property includes beautifully landscaped grounds, abundant parking, and laundry facilities.

The Oak Tree Village community is located within the borders of the Isabella Indian Reservation, one of the earliest and most historic reservations founded in Michigan. Situated just moments from downtown Mt. Pleasant, which features local dining and shopping destinations; Oak Tree Village is within walking distance of Central Michigan University and the GKB Riverwalk Trail that links five city parks along the Chippewa River. The community is also close to McLaren Health System, Central Michigan campus, Mt. Pleasant Municipal Airport, and US 127 for easy access to Intertate 75.

“Oak Tree Village is a well maintained property that enjoys a good location near downtown Mt. Pleasant,” commented Matt Lester, Founder and Chief Executive Officer of Princeton Enterprises, LLC. “The community is a nice addition to our portfolio and complements the other properties we have in the Mt. Pleasant area.”

For additional information on this announcement or Princeton Enterprises, please contact Michele Dreer at (248) 683-2500 or m.dreer@prinmgmt.com.

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 Acquires Rivercrest Arms Apartments

Bloomfield Hills, Mich., April 15, 2015 — Princeton Enterprises, a privately held real estate investment company based in Bloomfield Hills, Mich. is pleased to announce the purchase of Rivercrest Arms Apartments located in Clinton Township, Mich.

In a transaction that closed on April 9, 2015, Princeton acquired the 200 unit garden style apartment community with the assistance of Peter Jankowski of CORE Partners, who brokered the transaction on behalf of a private seller.

Rivercrest Arms Apartments offers larger than average studio, one and two bedroom apartment homes featuring renovated and spacious kitchens with separate dining areas, wall-to-wall closets, additional storage, central heat and air conditioning, patio or balcony, window treatments, and more. The community amenities include an outdoor swimming pool, ample parking, locked building entrances, and laundry facilities in each building.

Located off Metropolitan Parkway, Rivercrest Arms is just minutes from Lake Saint Clair and Metro Beach Metropark which features numerous beaches, marinas, and boat launches; an 18-hole golf course; fitness trails; a nature study area and nature center; numerous parks and other activities; an Olympic-sized swimming pool with diving boards and water slides; and a paved walking, biking, and skating trail along picturesque Lake Saint Clair. Rivercrest Arms is only minutes from Selfridge Air National Guard Base, local golf courses, shopping, dining, and entertainment venues, as well as
Interstates 94, 75, 696, and M-59.

“The location of Rivercrest Arms, on Metropolitan Parkway between Gratiot and Harper, is in a very strong multifamily housing market and will be an excellent addition to our other eastside communities,” commented Matt Lester, Founder and Chief Executive Officer of Princeton Enterprises. “We are pleased to have acquired this well maintained asset from the family that originally owned and built the property.”

For additional information on this announcement or Princeton Enterprises, please contact Michele Dreer at (248) 683-2500 or m.dreer@prinmgmt.com.

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.