Elizabeth, NJ, April 05, 2013 --(PR.com
)-- Blue Asset Management LLC, a buyer and seller of mortgage notes and investment real estate in New Jersey, is offering a 12 unit apartment complex for sale near Liberty Square in Elizabethtown, New Jersey. The property was part of a group of over 50 commercial real estate assets acquired from a notional lender.
According to Charles Blumenkehl, CEO of Blue Asset Management LLC, “The Elizabethtown property was an opportunity for us to assist the national lender who wound up with this basically abandoned asset and was at a loss as to how to reposition or operate the asset to be attractive to the local market.”
Blumenkehl continued, “After we acquired the non performing mortgage note, we were able to secure the property and provide much needed attention to bring vibrancy and market-attract ability back to the property and regain favorable status as an asset to the local community.”
The property is being represented for sale by Joni Sweetwood of Kislak Realty, and information about the property may be obtained at 732 750 3000.
Blumenkehl said his company has joint ventured with a number of New Jersey and national mortgage note holders with their New Jersey based performing and nonperforming real estate collateral, and currently has over 100 properties remaining in its portfolio at various stages of stabilization.
To speak with Blue Asset Management LLC about selling or buying New Jersey performing and nonperforming real estate backed mortgage notes or for more information about Blue asset Management LLC, contact the firm at 973 835-1400 or log onto their website at www.blueassetmanagementllc.com.