Blumenkehl Properties Closes on Multiple Multi-Unit Buildings in Paterson New Jersey

Jan. 14, 2011 - PRLog -- Blumenkehl Properties have bought several multi-family buildings in Paterson, New Jersey, according to Charles Blumenkehl, CEO of the company.

According to Blumenkehl, “Paterson is a city that needs a good housing supply. Many projects have sprung up in the past few years supporting that need, but the opportunity to acquire these multiple family properties and help stabilze both the buildings and their  neighborhoods  is a win-win for everyone involved.”

Charles Blumenkehl and his companies have upgraded and filled most of the vacant units that came with the properties, and is working to complete the turnaround and stabilization of these properties. Blumenkehl predicts the buildings will be at 100% occupancy by the end of the first quarter of 2011.

Blumenkehl Properties formed Blue Asset Management LLC in 2008 to leverage the opportunities resulting from the mortgage and liquidity meltdown that began a few years ago. For maore information about Blumenkehl Properties, Blue Asset Management LLC or Charles Blumenkehl log onto the company website at www.blueassetmanagementllc.com
or call the company directly at 973 835-1400

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Buyer and seller of performing and non performing first mortgages and distressed and investment real estate, property management, real estate asset disposition