Blue Asset Management LLC Opens New England office

Blue Asset Management LLC, a leading firm in non-performing commercial mortgage debt, has opened an office in Hingham Mass. expanding the company’s northeast footprint to 7 states. Matt Galvin, local real estate operator, is managing director.

Boston, MA, October 22, 2014 - New Jersey based Blue Asset Management LLC, a leading small and mid-cap mortgage disposition firm dealing in non-performing commercial mortgage debt, has recently opened a second office in Hingham Massachusetts expanding the company’s northeast footprint to seven states. Matt Galvin, local real estate operator who has been involved in numerous high yield real estate acquisitions in New England while working with several large New England real estate groups, was named managing director. The office is located at 25 Recreation Park Drive Ste 206, Hingham, Mass.

The opening follows four years of strong performance resulting in the acquisition and disposition of over $120 million in commercial mortgage debt by Blue Asset Management. The new office currently has been involved in the acquisition of over $30 million in real estate assets under management in New England, and is targeting $100 million in the next 12 months.

“Blue Asset Management’s steady growth and our expanding national footprint are a tribute to our talented staff, successfully navigating the mortgage challenges existing in these past few years,” according to Charles Blumenkehl, CEO and founder of Blue Asset Management. “Our asset management team understands the product and players and achieves top executions for our firm and investors.”

“The New England market is bustling with activity,” according to Matt Galvin, director of the New England office. “We provide an excellent solution for lenders and banks as the economy strengthens. I’m excited to combine our talents in the repositioning and disposition of these assets.”

A continuous effort of providing capital solutions for non-performing debt to local, regional and national commercial banks and lenders remains the key driver for the firm’s success. Blumenkehl added, “The ability to fund and execute quickly and efficiently makes us a huge value added to our banking relationships as we continue to assist in repositioning non-performing assets to the benefit of the lender, borrower and our investors.

Founded in 2008, Blue Asset Management is a private company with real estate and mortgage interests in New Jersey, New York, Massachusetts, Connecticut, Rhode Island, New Hampshire and Pennsylvania. For more information about Blue Asset Management LLC log onto the company website at www.blueassetmanagementllc.com .

Contact:
Charles Blumenkehl
Blue Asset Management LLC
2282 Hamburg Tpke
Wayne, NJ 07470
973-835-1400
cblue@bluerealty.com
http://www.blueassetmanagementllc.com

Blue Asset Management LLC Offers Rahway New Jersey Commercial Property for Sale

Wayne-based Blue Asset Management LLC is offering an app. 8,000 square foot commercial building for sale located in the redeveloping downtown area cof Rahway, New Jersey.

Rahway, NJ, April 30, 2013 -(Straight Line PR)- Wayne-based Blue Asset Management LLC is offering an app. 8,000 square foot commercial building for sale located in downtown Rahway,, New Jersey.

Charles Blumenkehl, CEO of Blue Asset Management LLC, said “We are offering a unique opportunity for an operator or re-developer to leverage the ongoing revitalization of the prime downtown district.” The property is located in the downtown district, across from the Rahway train station.

Beginning in the early 1990s and continuing through the present day, the City of Rahway has rebounded as its downtown has seen the construction of new restaurants, art galleries, market-rate housing and the old Rahway Theatre reopening as the Union County Performing Arts Center. The theater underwent a $6.2-million renovation and expansion project, completed in 2007.

Blumenkehl continued, “While we see a tremendous opportunity to benefit by the continued strengthening of the region, we have determined that this particular opportunity is outside our fund parameters, and are offering it at a deep discount to market value.”

The property is being marketed by Joni Sweetwood and Julie Gralla of Kislak Realty who can be contacted at 732 750-3000 for more information about the property. For more information about Blue Asset Management LLC, log onto the company website at www.blueassetmanagementllc.com or contact the company directly at 973 835-1400.

Distribution By Straight Line PR (http://www.straightlinepr.com)

Contact:
Gail Cherenson
Blue Asset Management LLC
2282 Hamburg Tpke,
Wayne, NJ 07470
973 835-1400
cblue@bluerealty.com
http://www.blueassetmanagementllc.com

Blue Asset Management LLC Expands Mortgage Loan Sales

Blue Asset Management LLC is offering numerous delinquent and non-performing first mortgage loans collateralized by small and mid-sized commercial real estate in New Jersey.

Wayne, NJ, March 19, 2013 -- Blue Asset Management LLC is offering numerous delinquent and non-performing first mortgage loans collateralized by small and mid-sized commercial real estate in New Jersey. The mortgages are being offered for sale to individual investors seeking to reposition the property or the loan as the real estate market stabilizes in New Jersey.

“The real estate market in New Jersey has momentum not seen since before the mortgage crisis began,” said Charles Blumenkehl, CEO of Blue Asset Management LLC. “Local individual note purchasers are best suited to work with the borrower and asset to maximize opportunity while returning the asset to a market performer.”

The mortgages being offered were acquired in 2011 and represent approximately $15 million in unpaid balances collateralized by quality commercial real estate assets located in New Jersey. Blumenkehl added, “The stabilization of distressed real estate assets is a key component to the stabilization of the Real Estate market overall. The investor purchasing the loan will take the additional steps necessary to stabilize the asset, and by reducing the inventory of troubled mortgages, community stabilization is achieved.”

To obtain information about the mortgage notes offered, log onto the company website at www.blueassetmanagementllc.com or call the company directly at 973 835-1400

Contact:
Charles Blumenkehl
Blue Asset Management LLC
2282 Hamburg Tpke
Wayne, NJ 07470
973 835 1400
cblue@bluerealty.com
http://www.blueassetmanagementllc.com

Blue Asset Management LLC to Offer Mortgages for Sale in Hudson County New Jersey

Blue Asset Management LLC, an investor and sub-servicer of commercial mortgages, announced they are offering for sale a pool of first mortgage loans collateralized by properties valued in excess of $6 million and located in Hudson County.

Wayne, NJ, November 17, 2012 - Blue Asset Management LLC, an investor and sub-servicer of commercial mortgages, announced they are offering for sale a pool of first mortgage loans collateralized by properties valued in excess of $6 million and located in Hudson County.

According to Charles Blumenkehl, managing partner of Blue Asset Management LLC, “These loans represent collateral of some of the finest assets in the gold costs of Jersey City and surrounding towns.” Blumenkehl continued, “These mortgages offer safe haven for mortgage investors in New Jersey, providing considerably higher than market yields while offering desirable underlying collateral in excellent locations.”

Blumenkehl said the loans were assembled from several purchases made over the last 18 months. The loans are both performing and non-performing, and are being offered as a package or separately. For more information about the loans, Blumenkehl invites investors to log onto his firm’s website at www.blueassetmanagementllc.com or contact the company directly at 973 835-1400.

Contact:
Charles Blumenkehl
Blue Asset Management LLC
2282 Hamburg Tpke
Wayne, NJ 07470
(973) 835-1400 ext. 234
cblue@bluerealty.com
http://www.blueassetmanagementllc.com

Blue Asset Management LLC to offer Loans for sale in New Jersey

Blue Asset Management LLC, a real estate management and asset disposition company operating in New Jersey and Florida, is offering in $15 million+ in performing and non performing first mortgage loans collateralized by properties in New Jersey.

Wayne, NJ, April 05, 2012 - Blue Asset Management LLC, a real estate management and asset disposition company operating in New Jersey and Florida, announced it is offering in excess of $15 million in performing and non performing first mortgage loans collateralized by properties in New Jersey.

According to Charles Blumenkehl, managing partner at Blue Asset Management, “We are very bullish on the future of real estate in New Jersey, and believe these loans we are offering to the local market will bring solid returns collateralized by investment caliber real estate. We have loans ranging in size from $100,000 to over $1 million, and are excited for the opportunity to enable local investors and operators to assist in the real estate recovery in our local New Jersey markets while at the same time bringing properties back to marketability helping both the occupants and surrounding properties.”

Blumenkehl said the properties would be offered both through his office and is working with and exploring various disposition channels to achieve distribution of the assets. For more information about the loans, contact Charles Blumenkehl at Blue Asset Management LLC in New Jersey at 973 835-1400 or log onto the company’s website at www.blueassetmanagementllc.com

Contact:

Charles Blumenkehl

Blue Asset Management LLC

2282 Hamburg Tpke, Ste. B

Wayne, NJ 07470

(973) 835-1400 ext. 234

cblue@bluerealty.com

http://www.blueassetmanagementllc.com/

Blue Asset Management Bullish on Multi Family Housing

The result, according to Charles Blumenkehl, managing partner of Blue Asset Management LLC, is that multi-family housing has become a more popular investment for the company as it seeks to take advantage of the lower market values and rental demand in today’s current environment.

Wayne, NJ, August 12, 2011 - While residential real estate sales are still affected by the foreclosure crisis and restrictions on financing still impact the real estate market creating difficulties in obtaining home financing for many buyers, the need for housing still remains. The result, according to Charles Blumenkehl, managing partner of Blue Asset Management LLC, is that multi-family housing has become a more popular investment for the company as it seeks to take advantage of the lower market values and rental demand in today’s current environment.

According to Blumenkehl, "There is no question that new and existing multi family housing is making a return to healthier market conditions. We see this in our own fund, and our perspective is supported by studies released from both the National Association of Realtors and the National Association of Home Builders." Blumenkehl points to statistics released by the two organizations over the past two quarters which show demand for existing multiple family dwellings increasing while builder sentiment for the development of multi-family housing has increased to its highest level since 2006.

"Additionally," says Blumenkehl, "with interest rates as low as they are and real estate prices at such attractive levels, qualified buyers of multi family homes can often find themselves living 'rent free' with the rent they receive from the rental unit or units in their home exceeding the cost of their mortgage payment, and the yield for funds like ours are more robust as a result."

Vacancy rates for multi family property are also declining as more families in need of housing end up renting instead of purchasing due to financing restrictions. Also, families who have lost their homes due to foreclosures or short sales having no choice but to rent for the next number of years. The Multifamily Vacancy Index, a study which measures the level of vacancies in the real estate rental market, also declined to its smallest number since the third quarter of 2006-and is half of what it was a year and a half ago, indicating substantially fewer rental vacancies in today’s real estate market.

Charles Blumenkehl and Blue Asset Management LLC own, manage and operate residential and commercial rental properties throughout northern New Jersey. For more information about Mr. Blumenkehl or Blue Asset Management LLC, or to contact the company about real estate investment opportunities in New Jersey, log onto the company website at www.blueassetmanagementllc.com or call the company directly at 973 835-1400.

Contact:

Charles Blumenkehl

Managing Partner

Blue Asset Management LLC

2282 Hamburg Tpke

Wayne, NJ 07470

(973) 835-1400 ext. 103

Fax (973) 835-8105

cblue@bluerealty.com

http://www.blueassetmanagementllc.com

http://www.Linkedin.com/charlesblumenkehl

Blue Asset Management Lists Williamstown and Barrington New Jersey Properties for Sale

Charles Blumenkehl, managing partner at Blue Asset Management LLC said his fund has listed for sale properties in Williamstown and Barrington New Jersey.

Wayne, NJ, January 30, 2011 -- 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 http://www.blueassetmanagementllc.com or call the company directly at 973 835-1400.

Contact:
Charles Blumenkehl
Managing Partner
Blue Asset Management LLC
2282 Hamburg Tpke
Wayne, NJ 07470
Tel: (973) 835-1400 ext. 234
Fax: (973) 835-0903
cblue@bluerealty.com
http://www.blueassetmanagementllc.com