WAYNE, NJ, May 30, 2011 (Press-News.org) According to Charles Blumenkehl, CEO and managing partner of Blue Asset Management, his fund is expanding its markets to leverage additional opportunities while sustaining additional pressures by new entries into the local markets. Blue Asset Management has been focused primarily in Bergen, Essex, Morris, Passaic and Hudson Counties has opened its markets to acquire real estate assets in Monmouth, Somerset and Warren Counties of New Jersey and Manahattan.
"With an increase in participants in the counties we have been active in, the expectations of our local sellers have become less reconcilable with our model and market expectations," . Blumenkehl continued, "By increasing our acquisition footprint, we will still exert strong controls over our product flow through existing networks while increasing our ability to leverage opportunities." Blumenkehl's company controls close to $10 million in holdings and is seeking to expand its portfolio during 2011.
Blue Asset Management LLC is a buyer and seller of performing and non-performing residential and commercial mortgages, distressed and investment real estate. For more information about Blue Asset Management LLC or Charles Blumenkehl, or to present real estate opportunities to the fund, log onto the company website at http://www.blueassetmanagementllc.com
Buyer and seller of commercial and residential mortgages, distressed real estate and investment property in northern New Jersey
Blue Asset Management Expands Real Estate Acquisition Footprint
Charles Blumenkehl, CEO and managing partner of Blue Asset Management says the company is expanding its markets to leverage broader acquisition opportunities across New Jersey and New York.
2011-05-30
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[Press-News.org] Blue Asset Management Expands Real Estate Acquisition FootprintCharles Blumenkehl, CEO and managing partner of Blue Asset Management says the company is expanding its markets to leverage broader acquisition opportunities across New Jersey and New York.