About CTM Apartment Services
CTM Apartment Services is a privately owned, apartment management company originally formed in 1987. Charles Macbeth and Dirk Needham started CTM with a small portfolio of 113 units covering and specializing in San Diego County. The company soon moved its corporate office to Carlsbad, California and expanded into other Southern California counties to provide quality management services for owners referred by clients.
By 1989, the CTM portfolio grew to 400 units, consisting primarily of smaller apartment buildings and single-family homes. In the fall of 1989 CTM was hired to manage its first, large apartment community – 130-unit complex in San Marcos, California. Shortly thereafter, a 264- unit building came on-line and CTM began to build its management portfolio expanding to over 1,700 units by 1992.
Soon after, the changing economy resulted in declining market rents and values as many properties were taken back by capital partners and lenders, CTM adjusted its focus and began receivership management to oversee distressed assets. During this downturn in the economy, CTM fined tuned its hands-on philosophy with effective cost controls and highly trained personnel that lead to significant growth as a management company.
The success of being able to “turn-around” an apartment community through effective cost management and renovate to improve the attractiveness and value gave CTM its high recognition in the multifamily industry.
In 2004 CTM partnered with Troxler Residential Ventures to renovate and convert Warner Center Apartments, a 1,279-unit complex in the heart of Woodland Hills, California. CTM renovated and upgraded the units, which were then offered for-sale starting in mid-2005. This highly successful renovation project solidified our reputation and has proven our leadership in the renovation and management industry.
The CTM portfolio grew to over 8,000 units by early 2005 as its clients acquired additional properties through late 2008. With a strong presence in the Los Angeles, Orange County, Riverside, San Bernardino and San Diego apartment markets, CTM stands committed to assisting its clients to reach their primary goal, of maximizing the return on their investment.
Our team is a group of highly motivated individuals dedicated to the management of apartments characterized by economic viability and excellent service. Our strength is generated from our commitment to our clients, residents, and our team.
We are committed to maximum profitability of every project we undertake. Our decisions are guided by economics without compromising our integrity. Through research and prudent planning, we seek to minimize risks and maintain a selective, conservative and knowledgeable approach to management. Our approach to each project is to maximize cash flow in conjunction with appreciation.
We are committed to providing our residents with high quality apartments and responsive management service, creating an enjoyable living environment. In dealing with our residents we are fair, honest, professional and sensitive to their needs and dedicated to their satisfaction.
We are committed to the recruitment and development of the best individuals in the apartment business. We provide our team opportunities to grow and a vested interest in the success of his or her project. We maintain an open-door policy at all levels, encouraging the flow of communication and exchange of ideas. We recognize the importance of each individual and his or her active role in our success. We expect that our team will be known for its character, commitment and competence.