What Carteret Management does

Carteret Management Corporation is a privately held, family-operated third-party property management firm founded in 1971 by Harry Chadwick, Jr. and headquartered in St. Petersburg, Florida. The company manages a portfolio of 42 multifamily apartment communities across Florida's West Coast, Central Florida, and East Coast regions, with two additional sites scheduled to open by 2026, bringing the portfolio to 44 properties. Its service mix spans market-rate apartments, HUD-financed and LIHTC affordable housing communities, and specialized housing such as the Duval Park community for Veterans with Disabilities and their families.

The operating stack runs on RealPage OneSite for property management (tenant records, applicant processing, rent collection, lease administration) and is augmented by EliseAI for AI-powered leasing inquiries, lease renewals, automated rent communications (EliseCollect), and a mobile maintenance request app. The company is also integrated with Esusu for resident rent-payment credit reporting. Internal compliance capabilities include dedicated HUD and Florida Housing Finance Corporation filings, a Section 504 Coordinator role, and AMO (IREM) and WBE (NWBOC) certifications.

Carteret's revenue model is fee-based third-party property management, charging owners for day-to-day oversight of multifamily communities including tenant screening, lease administration, rent collection, maintenance coordination, and regulatory compliance. Its customers are property owners, investors, and syndicators operating multifamily housing, with end-residents served as tenants of managed properties. Go-to-market is direct relationship-based selling to real estate investors, supplemented by property-level websites and a corporate digital presence.

Name

Carteret Management

Legal name

Carteret Management Corporation

Website

https://carteretmanagement.com

Company type

Private

Founded year

1971

Operating status

Operating

Headcount range

251–500 employees

Short description

Carteret Management Corporation is a Florida-based, family-operated third-party property management firm founded in 1971 that manages 42 multifamily apartment communities across Florida, including affordable housing under HUD and LIHTC programs and a specialized veterans housing community.

Ownership category

akta.pro rank

Product category

Residential Property Management

NAICS

Residential Property Managers (531311), Real Estate Property Managers (53131), Services to Buildings and Dwellings (5617)

SIC

Real Estate Agents & Managers (For Others) (6531), Services-To Dwellings & Other Buildings (7340)

akta.pro primary industry

Multifamily Apartment Property Management (BPAJAFAA)

akta.pro secondary industry

Affordable & Subsidized Housing Property Management (LIHTC, Section 8) (BPAJAFAD)

Keywords

• Multifamily property management
• Affordable housing management
• HUD property compliance
• LIHTC program management
• Apartment management services

Headquarters

HQ city

Tampa

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Property Management Services: Carteret Management provides comprehensive property management services to property owners, investors, and syndicators. As a third-party property manager, they earn fees for oversight of day-to-day duties and responsibilities for professional management of apartment communities. Their portfolio includes both market-rate and affordable housing properties under various housing programs including HUD and LIHTC.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Carteret Management Corporation provides full-service third-party property management for multifamily apartment communities across Florida, with a focus on both market-rate and affordable housing under HUD and LIHTC programs. Services cover the oversight of all day-to-day duties necessary for complete and timely professional management, including tenant screening, lease administration, rent collection, maintenance coordination, regulatory compliance, and budget preparation. The company manages 42 properties with two additional sites opening by 2026, serving property owners, investors, syndicators, and residents across Florida's West Coast, Central Florida, and East Coast regions.

Product overview

Carteret Management is a property management company offering a portfolio of 42 apartment properties across Florida, operating under a unified property management platform augmented by AI-powered communication tools. The core offering is full-service property management covering day-to-day operations of multifamily housing communities. This is complemented by EliseAI Leasing Assistant for automated leasing and resident communications, EliseCollect for rent payment communications, and an EliseAI Maintenance App for work order management. The company manages properties across Florida's West Coast, Central Florida, and East Coast regions, serving both affordable housing and market-rate communities, including properties for Veterans with disabilities and their families.

Differentiator

Problem solved

Functional benefit

Brands

• Carteret Cares: The company's community-focused initiative and philosophy revolving around core values of customer service, communication, and competence, emphasizing service to residents.

Products and services

• Property Management Services Full-service third-party property management covering oversight of all day-to-day duties and responsibilities for professional management of multifamily housing properties across Florida, including tenant screening, lease administration, rent collection, maintenance coordination, regulatory compliance, and budget preparation for property owners, investors, and syndicators.
• Affordable Housing Management (HUD/LIHTC) Specialized property management services for multifamily communities operating under HUD and LIHTC affordable housing programs, including income certification, regulatory compliance, and reporting to HUD and the Florida Housing Finance Corporation.
• Resident Services & Portal Centralized online portal for current and prospective residents to access property information, resident resources, property management contacts, and integrated RealPage OneSite resident portal services for each managed property.

Quantifiable outcome

• 42 properties managed with two additional sites opening by 2026

Named customers2 records

Segments3 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

AI capability3 records

Feature4 records

Partnerships

Four partnerships are on record, tiered core.

• EliseAI Technologies Corp.coreTechnology or IntegrationEliseAI provides AI-powered leasing and resident assistant services for Carteret Management, handling automated communications including email, text messages, phone calls, and web chat for leasing inquiries, maintenance requests, lease renewals, and rent-related communications. The partnership includes a Data Processing Addendum (DPA) governing personal information processing.
• RealPage (OneSite)coreTechnology or IntegrationRealPage OneSite is the property management software used by Carteret Management to store and process tenant and applicant records, manage rent collection, and administer leases.
• Institute of Real Estate Management (IREM)coreOthersCarteret Management holds Accredited Management Organization (AMO) designation through IREM, a professional certification for property management companies demonstrating excellence in real estate management standards.
• National Women Business Owners Corporation (NWBOC)coreOthersCarteret Management is certified as a Women Business Enterprise (WBE) through NWBOC, providing official recognition of women-owned business status.

Scale indicators3 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• WinnCompanies: Multifamily property manager with significant affordable housing portfolio expertise including LIHTC, Section 8, and HUD programs. Closely comparable to Carteret in affordable housing specialization and mission-driven approach to housing.
• Fogelman Properties: Multifamily property management and investment firm with significant Sun Belt and Florida presence. Comparable third-party management model serving institutional and individual apartment owners.
• Drucker + Falk: Mid-Atlantic/Southeast multifamily property manager with Florida presence. Comparable third-party management model serving apartment owner/investor clients with similar mid-sized regional scale.
• RAM Partners: Full-service multifamily property manager operating across the Southeast including Florida. Comparable owner/client base of investors, syndicators, and institutional owners of apartment communities.
• Asset Living: One of the largest US multifamily property managers with significant affordable housing (LIHTC/HUD) exposure. Comparable to Carteret in core service offering of third-party multifamily management with regulatory compliance expertise, but operates nationally at much larger scale.
• Bozzuto Group: Multifamily property management, development, and construction firm with East Coast and Sun Belt focus. Comparable third-party management services with mixed market-rate and affordable exposure.
• Pinnacle Property Management Services: National third-party multifamily property manager with affordable and conventional housing services. Comparable in core offering of fee-based property management for owner/investor clients.
• RPM Living: PE-backed multifamily property manager serving owners and investors across the Sun Belt, including Florida markets. Directly comparable third-party management services for apartment communities with similar owner profile to Carteret.

Broad incumbents

• Greystar Real Estate Partners: The largest US apartment property manager (managing 800,000+ units globally) and former employer of Carteret's Controller. Comparable multifamily management focus but operates at vastly larger scale across investment, development, and management.
• Related Companies (Related Management): Large diversified real estate firm with significant affordable and workforce housing management arm. Comparable regulatory expertise in affordable programs at much larger scale and with broader development capabilities.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

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 Carteret Management