Campus Property Management

What Campus Property Management does

Campus Property Management, operating through legal entity CPM Management LLC, is a privately-held residential property management company founded in 1967 by University of Illinois alumnus Erwin Goldfarb and headquartered at 408 E Kenwood Rd, Champaign, Illinois. The company owns and operates a portfolio of five rental communities in the Champaign-Urbana metropolitan area: 217 Neil (downtown Champaign one- and two-bedroom apartments with secured access and covered parking), Hessel on the Park (apartments and townhomes on 20 wooded acres adjacent to Hessel Park, including a pool and dog park), Michigan East Apartments (one- to three-bedroom units in Urbana near Lincoln Square Mall), Victoria Point Apartments (one- to three-bedroom luxury units in West Champaign with bundled Refinery Gym membership), and Regency West Duplexes (two- and three-bedroom duplex homes near the Prospect Commercial District). Unit configurations span studio-equivalents through three-bedroom layouts; advertised rents for renovated two-bedroom product range from $1,075-$1,125 per month, with standard 10- or 12-month lease terms and a 5% late fee applied the day after rent is due.

The business model is direct-to-consumer monthly recurring rental income, with prospective tenants discovering properties through property-specific websites (e.g., 217neil.com, hesselparkapartments.com), Matterport virtual tours, and contact inquiry forms, then transacting directly with on-site leasing staff. Existing tenants manage their tenancies through an AppFolio-powered tenant portal accessible via web and native iOS and Android apps under the Campus Property Management brand, supporting electronic rent payments (credit/debit cards and e-checks), maintenance requests, and lease communications. The portfolio is segmented across price points (entry-level through luxury) and household types, serving individuals, couples, and families seeking quality rental housing in a single metropolitan area; the FAQ indicates mandatory renters insurance enrollment, with company-facilitated enrollment if tenants do not provide proof within two weeks of move-in.

Campus Property Management has no institutional investors, no parent company, no disclosed subsidiaries, and no funding rounds; the company remains founder-led with no evidence of recent leadership changes or M&A activity. The technology stack is composed entirely of third-party SaaS — AppFolio, Matterport, and a property-specific website portfolio — with no proprietary platform, no disclosed AI/ML capabilities, no API surface, and no patents or trademarks. Operational footprint is single-metro (Champaign-Urbana, Illinois), with office hours and dedicated phone numbers maintained at each property community and an after-hours emergency maintenance line staffed centrally.

Name

Campus Property Management

Legal name

CPM Management LLC

Website

https://cpm-apts.com

Company type

Private

Founded year

1967

Operating status

Operating

Headcount range

11–50 employees

Short description

Founded in 1967, Campus Property Management (CPM Management LLC) operates five apartment and duplex rental communities across the Champaign-Urbana, Illinois metropolitan area, serving individuals, couples, and families seeking residential housing.

Ownership category

akta.pro rank

Product category

Residential Property Management

NAICS

Residential Property Managers (531311), Rental and Leasing Services (532)

SIC

Operators Of Apartment Buildings (6513), Services-To Dwellings & Other Buildings (7340)

akta.pro primary industry

Student Housing Property Management (BPAJAFAF)

akta.pro secondary industries

Off-Campus / University-Affiliated Housing Management (EDAEAFAB), Student Housing Facilities & Maintenance Management (BPAJAJAG), Housing Facilities Management (Repairs, Custodial & Grounds Liaison) (EDALACAE)

Keywords

• Residential property management
• Apartment rentals
• Multi-family housing
• Rental property management
• Tenant leasing services

Headquarters

HQ city

Champaign

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Monthly Rental Income: Primary revenue stream from monthly rental payments collected from tenants across five apartment and duplex properties in Champaign-Urbana. The company manages 217 Neil, Hessel on the Park, Michigan East Apartments, Victoria Point, and Regency West Duplexes. Rent is due on the 1st of each month with a 5% late fee applied starting the day after the due date.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Campus Property Management leases and manages five residential apartment and duplex communities across the Champaign-Urbana, Illinois metro area, including 217 Neil, Hessel on the Park, Michigan East Apartments, Victoria Point Apartments, and Regency West Duplexes. The company provides residential rental housing with a range of unit types (studios through three-bedroom units and duplex homes), supports tenants with amenity packages (pools, dog parks, covered parking, secured access, included gym membership), and operates an online tenant portal for rent payment and maintenance requests.

Product overview

Campus Property Management operates as a portfolio of residential apartment communities across Champaign-Urbana, Illinois. The company manages five distinct property brands: 217 Neil (downtown Champaign apartments), Hessel on the Park (wooded acreage apartments/townhomes), Michigan East Apartments (Urbana residential), Victoria Point Apartments (West Champaign luxury), and Regency West Duplexes (single-family duplexes). A renovated apartment sub-brand offers upgraded units at select properties with modern amenities. The Tenant Portal, powered by AppFolio, provides a unified digital interface across all properties for rent payment, maintenance requests, and tenant communication.

Differentiator

Problem solved

Functional benefit

Products and services

• 217 Neil One- and two-bedroom apartment community situated at the gateway to downtown Champaign's restaurant, nightlife, art, and retail district, featuring secured access, covered parking, and elevator service.
• Hessel on the Park Apartments and townhomes situated on 20 wooded acres in Champaign, Illinois, adjacent to Hessel Park, offering a pool, dog park, and access to miles of biking trails.
• Michigan East Apartments One-, two-, and three-bedroom apartments in a residential neighborhood minutes from Downtown Urbana, with community pool and playground access.
• Victoria Point Apartments One-, two-, and three-bedroom luxury apartments in West Champaign offering modern layouts at reasonable prices, with The Refinery Gym membership included with rent.
• Regency West Duplexes Two- and three-bedroom duplex homes centrally located next to the Prospect Commercial District, situated in a residential neighborhood with a community garden and nearby park.
• Renovated Apartments Newly renovated apartment units at Hessel on the Park (Onyx Deluxe, 2 bed/1 bath, 860 sq ft, $1,125/month) and Michigan East (408 Michigan East, 2 bed/1.5 bath, 800 sq ft, starting at $1,075/month) with updated kitchens, bathrooms, and in-unit laundry.

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Partnerships

One partnership is on record.

• The Refinery GymminorGTM or Marketing PartnerVictoria Point property includes membership to The Refinery Gym as part of the rent package. This partnership adds value to tenants by including fitness amenities without additional cost, differentiating Victoria Point from competitors.

Scale indicators2 records

Recent moves4 records

Expansion highlights3 records

Direct peers

• Campus Apartments: Student-housing operator managing off-campus apartments near major U.S. universities — directly comparable in product, customer base, and small-portfolio operating model to Campus Property Management's Champaign-Urbana portfolio.
• JSM Living: Off-campus student housing operator active in Champaign and other Midwestern university towns — direct competitor for the same UIUC renter base that CPM serves.
• The Preiss Company: Student and multifamily housing operator with portfolios clustered near major universities — closely comparable small-to-mid scale property management footprint and student-renter focus.
• Asset Campus Housing: National student housing management and development firm specializing in off-campus communities — comparable product offering and operational service model for university-area renters.
• Campus Advantage: Student housing operator managing off-campus apartment communities near universities — directly comparable business model, tenant profile, and asset-management services.
• Landmark Properties: Developer and operator of purpose-built student housing, including properties near the University of Illinois — comparable product category at larger scale.
• Scion (formerly Scion Student Living): Student-focused multifamily operator with off-campus housing assets in major college markets — directly comparable operating focus and renter segment.

Broad incumbents

• American Campus Communities: Largest publicly-traded (now Blackstone-owned) student housing owner/operator — comparably serves UIUC-area students but at vastly greater scale, representing the institutional-end competitive benchmark.
• Greystar Real Estate Partners: World's largest apartment and student housing operator with significant university-market exposure — comparable service offering (rent collection, tenant portal, maintenance) at national scale.

Regional players

• Mission Rock Residential: Mid-sized multifamily property manager serving selected U.S. metros using AppFolio-style SaaS stacks — comparable third-party property management services and tenant-portal-driven operating model.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/cpm_apts

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Campus Property Management