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Blue Asset Management Bullish on Multi Family Housing

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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.

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									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

								
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