Blue Asset Management LLC Leases 90% of Current Paterson Projects

Paterson, NJ, December 12, 2010 --(PR.com)-- According to Charles Blumenkehl, CEO and managing partner of Blue Asset Management LLC. the company has completed rental agreements for 90% of 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.

###