According to Charles Blumenkehl, CEO and managing partner of Blue Asset Management LLC. the company is fully occupied in the projects it has recently acquired in the Paterson New Jersey area.
According to Blumenkehl, "Having grown up in the Paterson area, I know well the opportunities within the city and where the most sensible investments in this opportunistic market can occur in this current economic environment."
Blumenkehl said his companies were greatly encouraged by the quick acceptance and stabilization the properties have experienced and looks forward to the opportunity of helping build a supply of suitable housing where it is needed most. "Paterson is a vibrant city we think is presenting an interesting market and we wish to support the efforts of the administration by helping to stabilize the city and its historical neighborhoods.
Blue Asset Management LLC and Blumenkehl Real Estate companies are buyers and sellers of performing and non performing notes and distressed real estate. For more information about the company log onto their website at www.blueassetmanagementllc or call the company directly at 973 835-1400
Showing posts with label paterson. Show all posts
Showing posts with label paterson. Show all posts
Tuesday, February 1, 2011
Thursday, January 27, 2011
Blumenkehl Companies Announce $2 Million Commitment in Paterson, New Jersey
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.
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.
Thursday, January 6, 2011
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.
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.
Friday, December 10, 2010
Blue Asset Management Closes on Six Multi-Unit Properties in Paterson
Charles Blumenkehl, CEO and managing partner for Blue Asset Management LLC has recently closed on six multi-family apartment buildings in Paterson, New Jersey
According to Charles Blumenkehl, “I view Paterson as a city short in good habitable housing supply. Projects have sprung up in the past few years, and have helped to support that need, but the opportunity to acquire these multiple family properties and help stabilze both the buildings and neighborhoods they are in is a big win for everyone involved.”
Charles Blumenkehl and his companies have renovated and filled more than 90% of the units that came with the properties, and is working to complete the turnaround and stabilization of these properties shortly. Blumenkehl predicts he will be close to 100% occupancy of the more than one dozen properties throughout the city currently controled by Blue Asset Management by the first quarter of 2011.
Blue Asset Management was founded by Charles Blumenkehl in 2008 to leverage the opportunities resulting from the mortgage and liquidity meltdown that began a few years ago. For more information about Blue Asset Management LLC or Charles Blumenkehl log onto the company website at www.blueassetmanagementllc.com
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According to Charles Blumenkehl, “I view Paterson as a city short in good habitable housing supply. Projects have sprung up in the past few years, and have helped to support that need, but the opportunity to acquire these multiple family properties and help stabilze both the buildings and neighborhoods they are in is a big win for everyone involved.”
Charles Blumenkehl and his companies have renovated and filled more than 90% of the units that came with the properties, and is working to complete the turnaround and stabilization of these properties shortly. Blumenkehl predicts he will be close to 100% occupancy of the more than one dozen properties throughout the city currently controled by Blue Asset Management by the first quarter of 2011.
Blue Asset Management was founded by Charles Blumenkehl in 2008 to leverage the opportunities resulting from the mortgage and liquidity meltdown that began a few years ago. For more information about Blue Asset Management LLC or Charles Blumenkehl log onto the company website at www.blueassetmanagementllc.com
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