Blue Asset Management Closes on Barrington Property

Charles Blumenkehl, managing partner of Blue Asset Management LLC, announced his fund has sold its holdings in Barrington, New Jersey.

According to Blumenkehl, “After closes on millions of dollars of non-performing mortgages and distressed property throughout New Jersey, we began to recognize the strength in our local footprint to achieve high yields on our investments, As a result, we made the decision to divest ourselves of our holdings outside the northern New Jersey market, which led to the sale of our Barrington property.” According to Blumenkehl, the fund was able to provide its investors with a profitable return on the Barrington piece, and plans to further re-allocate its resources into opportunities it finds in northern New Jersey.

Blumenkehl continued, “We see the Camden county corridor as offering great opportunity for investors. However, with the opportunities we are finding existing in our local market, we were pleased to divest ourselves of our Camden County holdings and focus on asserting our local northern New Jersey footprint to achieve greater control resulting in high returns for our investments.” Blumenkehl said his company has recently purchased several properties in northern New Jersey and is aggressively seeking more acquisitions in the current market environment.

Wayne, New Jersey based Blue Asset Management LLC was founded by Charles Blumenkehl to leverage opportunities created by the mortgage meltdown. For more information about Blue Asset Management LLC call the company directly at 973 835-1400 or log onto the company website at www.blueassetmanagementllc.com.

Blue Asset Management LLC Buys Multi-Million Dollar NPN Mortgage Pool in New Jersey

Charles Blumenkehl, CEO and managing partner of Blue Asset Management LLC announced his company has closed a multi-million dollar non-performing mortgage tranche collateralized residential assets located throughout New Jersey.

According to Charles Blumenkehl, "We are very pleased to have been able to help our sellers liquidate their non-peforming notes, and are excited about the opportunities we have identified within the group." Blumenkehl continued, "The areas these properties are in, and the price points we were able to achieve, will provide a benefit to our investors and provide an opportunity to stabilize the neighborhoods the properties are located in."

Wayne based Blue Asset Management was formed by Charles Blumenkehl in 2008 to leverage what he perceives are tremendous opportunities within the, market resultant from the mortgage and liquidity crunch. For more information about the company or Charles Blumenkehl you can log onto the company website at www.blueassetmanagementllc.com or by phone at 973-835-1400.

Blumenkehl Commits To Investing in Urban Markets

Charles Blumenkehl, CEO of Blumenkehl Companies, announced his company is committing to purchase and manage through Blue Companies and Blue Asset Management LLC, of which he is managing partner, holdings in excess of $2 million in the city of Paterson in 2011.

According to Blumenkehl, “As the economic recovery continues to manifest itself in increased manufacturing needs, Paterson makes for an attractive pool of available labor force who can fill much needed jobs, which need to be met with an ample supply of good housing in stable neighborhoods. We hope to support that effort as we continue to apply our effective management systems to our properties in Paterson.”

Blumenkehl, originally raised in Paterson, believes that his knowledge of the area is very helpful in his company’s ability to analyze which neighborhoods present which challenges and where his funds would be best to employ their resources.

For more information about Charles Blumenkehl or Blue Asset Management, log on to their companies website at www.bluemanagementllc.com or call the company directly at 973-835-1400.