Blue Asset Management Encouraged by Paterson, New Jersey and Other Inner City Holdings

Paterson, NJ, December 16, 2010 --(PR.com)-- Blue Asset Management LLC is almost completely occupied on all its Paterson properties including a series of multi-family buildings acquired in Paterson, which it added to its previously owned Paterson apartments, according to Charles Blumenkehl, CEO and managing partner for Blue Asset Management.

“We see Paterson as a city that is in support of a stable and well maintained housing supply and we are doing our part locally to support that effort," said Blumenkehl. Many buildings have also been and are being revitalized in the city helping to support the need for housing but being able to stabilize and provide proper maintenance to all these properties, not just newly maintained and renovated units is a big plus for all.”

Charles Blumenkehl grew up in Paterson and has been active in the residential real estate business since 1977. He founded Blue Asset Management LLC in 2008 to leverage the opportunities resultant from the mortgage meltdown which he forsees extending itself for the next few years, combined with the myriad of contacts, networks and effective systems he has developed over the years.

For more information about 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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