Wayne, NJ, August 11, 2011 --(PR.com
)-- According to Blumenkehl, “While Williamstown is a nice area offering a lot of value, it falls outside of our service footprint and it made sense to sell the property at this time.” Blumenkehl said the property sold at a ‘fair price’ for today’s marketplace and was please to close the transaction. Blumenkehl continued, “The buyer received an excellent value for the price, and we were able to divest ourselves of property that did not meet our current portfolio needs, at a good return to our investors.”
Blue Asset Management LLC was represented in the sale by Carmen Sarlo of Coldwell Banker Elite Realtors in Williamstown. Said Blumenkehl, “Carmen is a professional Realtor who has good handle on the local market knowledge that was instrumental in successfully marketing the property.”
Founded by Charles Blumenkehl, Blue Asset Management LLC is a buyer, seller and manager of performing and non-performing mortgages foreclosed and distress real estate and investment property. For more information about Charles Blumenkehl or Blue Asset Management LLC or to present real estate investment opportunities to the company, log onto the company website at www.blueassetmanagementllc.com or call the company directly at 973 835-1400.