Thursday, February 17, 2011

Blue Asset Management Selling Millville property

Charles Blumenkehl, managing partner at Blue Asset Management LLC, announced that his fund has listed for sale its remaining Millville asset, a multi family property near the downtown area.

According to Blumenkehl, “Millville is a semi-urban setting that provides for excellent long term investment potential and a strong demand for rentals. However, we decided several months back to focus on our existing and strong northern New Jersey infrastructure more as we divest ourselves of properties like the Millville piece that fall out of our real estate service area.” Blumenkehl continued, “We have listed the property with Steve Crivello of ERA Statewide Realty and are confident in his ability to market the property on our behalf.” For information about the property specifically, Blumenkehl suggests interested parties contact Mr. Crivello at his Medord office directly at 609 714 0050.

According to Blumenkehl, the Millville property is one of app 7 properties currently listed for sale by the fund, which controls real estate equity investments throughout the state. Charles Blumenkehl founded Blue Asset Management LLC in 2008 to leverage the opportunities made available to real estate investors after the mortgage meltdown took its affect on the Real Estate marketplace. For more information about Blumenkehl or Blue Asset Management LLC log onto the company website at or call the company directly at 973 835-1400.

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