Charles Blumenkehl, managing partner of Blue Asset Management LLC, says his company has built an infrastructure of effective real estate brokers, contractors and other required service providers and a depth of knowledge in their markets in Northern New Jersey that enables Blumenkehls’ fund returns upwards of 30% on certain funds they manage and control.
According to Blumenkehl, “Many national funds have purchased mortgages at deep discounts from their originating lenders. Funds concerned with a lack of local knowledge wouldn’t buy notes that companies like ourselves, who know and specialize in our local northern New Jersey urban and suburban markets, have allowed our fund to purchase properties that were in areas that wouldn’t require higher maintenance or management intensity other properties might.” Blumenkehl continued, “As a result, we have seen yields on some of our investment properties above 30%, and are please to be able to achieve a high level of results for our investors.”
Charles Blumenkehl founded Blue Asset Management LLC in 2008 to leverage opportunities which arose as a result of the mortgage meltdown that has affected our economy these last few years. 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.