Charles Blumenkehl, CEO and managing partner of Blue Asset Management LLC has announced that his company has contracted to purchase a multi-family building in the North Bergen, Hudson County area.
According to Charles Blumenkehl, CEO and Managing Partner of Blue Asset Management LLC, "The proximity of North Bergen to Manhattan, the need for rental housing in the market and the opportunity to find properties that have the ability to benefit from our value enhancement systems while providing owners viable exits and helping to revitalize and support the neighborhoods within which the properties are located are a value-added for everone involved."
Blumenkehl's companies currently manage almost 1/2 dozen buildings in the Hudson county market, and plans to increase their holdings as opportunities present themselves. Blumenkehl also sites the Path trains a and local train and subway access now made available through the Jersey City North Bergen corridor as a driver in the desirability for real estate in the Hudson markets.
Charles Blumenkehl is managing partner of Blue Asset Management and Blue companies. Blue Asset Management is a buyer and seller of performing, non-performing and distressed commercial and residential real estate. For more information about Charles Blumenkehl or Blue Asset Management LLC, log onto the company website at www.blueassetmanagementllc.com or call the company directly at 973 835-1400.