Established in 1994, Princeton Enterprises, L.L.C., is owned by Mr. Matthew B. Lester for the purpose of managing the real estate holdings under his control. Princeton Enterprises is a full-service property management firm that operates commercial, medical and multifamily real estate assets in six states.
Currently, Princeton Enterprises operates nearly 80 properties and controls 15,000 apartment units throughout Michigan, Ohio, Indiana, Kentucky, Georgia, Florida, North Carolina and South Carolina. Princeton Enterprises enjoys one of the finest reputations in the Midwest for successfully repositioning under valued and poorly managed real estate assets
Princeton Enterprises employs over 425 people and has developed expertise in real estate acquisitions, development, property management, construction, maintenance, court-appointed receivership and expert testimony services. Princeton Enterprises has earned its reputation as a premier management organization and is one of the fastest growing real estate firms in Michigan.
As chief executive officer of Princeton Enterprises, Mr. Lester oversees the entire company and is responsible for the management of each of the properties under management. He is involved in every aspect of the daily responsibilities of property management and employs an experienced and talented staff responsible for executing the strategic vision of the company.
Princeton Enterprises employs more than forty people at its corporate headquarters dedicated to the essential components of property acquisition, development and management. The company is divided into the following departments: administration; accounting; operations; legal; facilities; and finance. The roster of employees includes a chief operating officer, a chief administrative officer, a chief financial officer, a chief legal officer as well as a director of facilities, a director of finance, a director of human resources,a director of marketing, and a director of communications.
Matthew B. Lester. Matthew B. Lester is a lifelong resident of metropolitan Detroit and graduated from the University of Michigan in 1987 with a bachelor degree. After obtaining his law degree from the University of Southern California in 1990, he returned to the Detroit area and joined the law firm of Jaffe, Raitt, Heuer & Weiss, P.C. Three years later, he left law to pursue a career in real estate development.
To date, Mr. Lester and various partners have acquired over 100 properties in Michigan and elsewhere with an aggregate value in excess of $600 million. Mr. Lester specializes adding value to multi-family properties that have been poorly operated and managed. As general partner, Mr. Lester uses Princeton Enterprises, L.L.C., as management agent for properties under his control.
For references or any additional information on Princeton Enterprises, please contact either Mr. Lester or Mr. Franz Herbert at (248) 683-2500 or mail an inquiry to Princeton Enterprises, 2550 Telegraph Road, Suite 200, Bloomfield Hills, MI 48302.