Charter Real Estate

What Charter Real Estate does

Charter Real Estate Services, Inc. is a privately held, full-service commercial real estate firm headquartered in Temple, Texas, operating across the central Texas corridor of Temple, Killeen, Copperas Cove, Waco, Belton, Salado, and Georgetown. Founded in 1985 by Bill Barge and Hal Anderson as a property management firm for real estate investors, the company was acquired in 2010 by Will Morris, who expanded the platform to include brokerage, development, and construction services. The firm manages more than 1 million square feet of assets spanning shopping centers, office and industrial parks, storage units, and residential rentals, and supports landlords, tenants, developers, and investment buyers/sellers through its brokerage, tenant representation, investment sales, and project leasing lines. The core operating technology is the third-party AppFolio Property Manager platform, which powers the owner and tenant portals referenced on the company's website.

The business model combines recurring managed-services revenue from property management with project-based professional services revenue from brokerage commissions, development fees, and construction contracts. Charter's customer base is heterogeneous, including Fortune 500 tenants performing site selection across Texas, regional franchisees (e.g., Great Clips, Oreck Clean Home), commercial brands such as Office Depot and Panera Bread, government clients including the State of Texas and Veterans Affairs, and a long tail of small and mid-sized investors and owner-occupiers. Go-to-market is direct and relationship-driven, executed by a small team (approximately 10-15 employees) led by President Will Morris and Director of Operations Kim Tamez, with no disclosed external funding, channel partners, or institutional ownership.

Name

Charter Real Estate

Legal name

Charter Real Estate Services, Inc.

Website

https://charterres.com

Company type

Private

Founded year

1985

Operating status

Operating

Headcount range

11–50 employees

Short description

Charter Real Estate Services is a privately held, full-service commercial real estate firm in central Texas offering property management, brokerage, development, and construction services to investors, landlords, tenants, and developers across seven regional markets.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Services

NAICS

Other Activities Related to Real Estate (531390), Lessors of Real Estate (5311)

SIC

Real Estate Agents & Managers (For Others) (6531), Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro industry

PRIMARYFSAEAJAB

Commercial Real Estate Brokerage (Leasing & Sales)

Financial & Insurance/Financial Advisory, Brokerage & Intermediation/Real Estate Advisory & Brokerage

SECONDARYBPAJABAJ

Tenant Representation & Corporate Services Brokerage

Business & Public Services/Real Estate Services (Brokerage, Property Management)/Commercial Real Estate Brokerage

SECONDARYBPAJABAI

Investment Sales Brokerage

Business & Public Services/Real Estate Services (Brokerage, Property Management)/Commercial Real Estate Brokerage

Keywords

• Commercial real estate services
• Property management services
• Real estate brokerage
• Real estate development
• Commercial construction

Headquarters

HQ city

Temple

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Marketing or Sales, Infrastructure, Technology or R&D

Revenue model

1. Property Management Services: Property management fees charged to real estate investors for managing their assets including shopping centers, office & industrial parks, storage units, and residential rentals. The company has been managing real estate assets for over 30 years and currently manages more than 1 million square feet of assets.
2. Brokerage & Leasing Services: Project leasing for landlords to secure quality tenants, tenant representation for businesses seeking locations, and investment sales for buying and selling income-producing assets. Handles site selection across Texas for Fortune 500 corporations, franchisees, and developers.
3. Real Estate Development: Active real estate developer in central Texas with projects spanning retail, multi-family, and office product types. Development portfolio includes projects in Temple, Killeen, Copperas Cove, Waco, Belton, Salado & Georgetown markets.
4. Construction Services: General construction services including ground-up construction, exterior remodels, and tenant finish-out work. Charter Construction has performed projects for various commercial clients over 7 years.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels2 records

Core offering

Charter Real Estate Services delivers full-service commercial real estate operations across central Texas. Its core offerings include property management of shopping centers, office and industrial parks, storage units, and residential rentals (over 1 million square feet), brokerage services (project leasing, tenant representation, investment sales), real estate development of retail, multi-family, and office product, and general construction services including ground-up builds, exterior remodels, and tenant finish-out.

Product overview

Charter Real Estate Services is a full-service real estate firm offering five integrated service lines: Property Management (the founding service, managing over 1 million square feet across shopping centers, office/industrial parks, storage units, and residential rentals), Brokerage Services (encompassing Project Leasing, Tenant Representation, and Investment Sales), Development (retail, multi-family, and office projects in central Texas), Construction (ground-up, remodels, and tenant finish-out), and Commercial Properties listings. The company was established in 1985, expanded to include brokerage in 2000, and added development and construction capabilities after acquisition in 2010.

Differentiator

Problem solved

Functional benefit

Products and services

• Property Management Professional management of real estate assets including shopping centers, office and industrial parks, storage units, and residential rentals across central Texas, encompassing more than 1 million square feet under management with the stated objective of increasing Net Operating Income for investor clients.
• Brokerage Services Real estate brokerage covering project leasing for landlords, tenant representation for businesses seeking new locations, and investment sales for buying and selling income-producing assets across Texas for Fortune 500 corporations, franchisees, and developers.
• Development Active real estate development in central Texas spanning retail, multi-family, and office product types, with projects in Temple, Killeen, Copperas Cove, Waco, Belton, Salado, and Georgetown markets.
• Construction General construction services including ground-up construction, exterior remodels, and tenant finish-out work, performed for commercial clients such as Office Depot, Shoppes on the Hill, Mattress One, Wildflower Court, Great Clips, Doctors Express Urgent Care, State of Texas Agency offices, and Veteran Affairs local clinics.
• Commercial Properties Listing of commercial properties available for lease or sale, managed or represented by Charter Real Estate Services.

Quantifiable outcome

• Increase in Net Operating Income that subsidizes the cost of property management services

Named customers13 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators3 records

Recent moves7 records

Direct peers

• NAI Global: NAI Global is a commercial real estate franchise network offering brokerage, property management, and advisory services through member firms. Directly comparable to Charter's full-service CRE platform; many NAI member firms are similarly sized regional operators serving local markets with integrated PM, leasing, and investment sales capabilities.
• Cresa: Cresa is the largest tenant representation-only commercial real estate firm in North America. Directly comparable to Charter's tenant representation practice serving Fortune 500 corporations, franchisees, and developers seeking new locations. Both firms compete for corporate site selection mandates, though Cresa operates at much larger scale.
• SVN International Corp. SVN is a commercial real estate franchise specializing in investment sales, leasing, and property management. Comparable to Charter as a mid-sized full-service CRE firm with similar service mix, though SVN's franchise model provides scale advantages in marketing and deal collaboration.
• Lee & Associates: Lee & Associates is a commercial real estate brokerage firm operating through regional offices, offering sales, leasing, and property management. Comparable to Charter's full-service model; both emphasize local market expertise and principal-led client relationships over national brand consolidation.
• Avison Young: Avison Young is a global commercial real estate services firm offering transaction, management, and advisory services. Comparable to Charter across the integrated service portfolio (brokerage, PM, development advisory), with Avison Young representing the larger, capital-backed version of a similar full-service regional CRE operator.
• Marcus & Millichap: Marcus & Millichap specializes in investment sales of commercial real estate, particularly income-producing multifamily, retail, office, and industrial assets. Directly comparable to Charter's Investment Sales service line handling buying and selling of income-producing assets with capital markets expertise.

Broad incumbents

• CBRE Group: CBRE is the world's largest commercial real estate services company, offering brokerage, property management, valuation, and development services globally. Comparable as a broad incumbent spanning all of Charter's service lines, though CBRE operates at vastly larger scale with institutional client focus.
• Colliers International: Colliers is a global commercial real estate services firm providing investment sales, leasing, property management, and valuation. Comparable as a broad incumbent in the same integrated CRE services space, with Colliers representing the larger, publicly-traded version of a multi-service real estate platform.
• JLL: JLL (Jones Lang LaSalle) is a global commercial real estate services firm offering investment sales, leasing, property management, and capital markets advisory. Comparable as a broad incumbent competing for the same Fortune 500 tenant representation and institutional PM mandates that Charter targets, but with global scale.
• Cushman & Wakefield: Cushman & Wakefield is a global commercial real estate services firm offering brokerage, property management, valuation, and consulting. Comparable as a broad incumbent with overlapping capabilities in leasing, investment sales, and PM, though operating at enterprise scale with institutional capital backing.

Market position

Strengths5 records

Weaknesses6 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/charter-real-estate-group

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 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 Charter Real Estate