Charles Blumenkehl, managing partner at Blue Asset Management LLC said his fund has listed for sale properties in Williamstown and Barrington New Jersey. Blue Asset Management listed both properties for sale with Coldwell Banker Elite, who maintain real estate sales offices in the area.
According to Blumenkehl, "These properties represent investments made when the mortgage crisis was first manifesting itself in the need for cash strapped banks to monetize non performing loans quickly to achieve liquidity. I am pleased we were able to help the bank we worked with in achieving monetization of their non performing mortgages at that time, and am equally please our investors will reap the benefit we are able to achieve for the fund as a result of selling these properties associated with that purchase."
Blumenkehl founded the first of Blue Asset Managements group of funds in 2008 to leverage the opportunities made available to investors as a result of the mortgage meltdown. For more information about Charles Blumenkehl, Blue Asset Management or to view these or other properties the group has for sale, visit the company website at www.blueassetmanagementllc.com or call the company directly at 973 835-1400.