ABOUT CTC | CAPITAL MANAGEMENT – REAL ESTATE DIVISION
CTC Capital Management’s real estate division invests in apartment communities in need of recapitalization, repositioning, and renovation.
- We value long term relationships
- Reasonable deal terms with focus on long term synergies
- Looking to work with new and experienced operators
- Fast underwriting review and feedback
- Flexible capital to work with a variety of business strategies
- Small and nimble team
Investment Team
Joe Harriman, CFA Chief Operating Officer
Joe Harriman serves as the Chief Operating Officer of CTC Capital Management LLC, a SEC-registered investment advisor founded to develop alternative investment products designed to deliver uncorrelated, superior returns relative to existing market offerings. He established the operational infrastructure for the launch of nine investment funds, securing over $200 million in capital commitments. His contributions included onboarding third-party administration, creating policies and procedures, and implementing an institutional CRM platform.
The firm’s real estate investment funds, which focus primarily on multifamily acquisitions, has purchased $1 billion in assets since its inception. As a member of the Investment Committee for all funds, Joe Harriman has led the investment process for hedge funds of funds, private equity secondaries, and life settlement products. He earned his B.S. in Finance from Arizona State University in 1995 and his M.S. in Financial Markets from the Illinois Institute of Technology in 2005. Joe Harriman received his CFA Charter in 2004 and is an active member of the CFA Society of Chicago.
Mark Purtell Head of Real Estate Acquisitions
Mark Purtell has grown the operator network from just a few firms to over 400. This extensive network enabled him to manage 29 acquisitions and 15 dispositions, resulting in transactions exceeding $1 billion during his tenure at CTC Capital Management.
Drawing on his trading experience at CTC, Mark created a proprietary, all-encompassing quantitative property model that utilizes various inputs to evaluate potential outcomes through scenario simulations.
He is responsible for asset management of properties and plays a crucial role in all facets of fund construction, including drafting fund and property documents, engaging with both new and existing investors, composing the quarterly investor letter, and overseeing fund-level audits. Mark earned a B.S. in Finance from the University of Illinois in 2001 and holds Series 4, 7, 24, and 57 licenses.
Preston Hartsell Senior Associate
Preston Hartsell joined CTC Capital Management in 2023 and focuses on the underwriting and due diligence of fund investments. He provides analytical support throughout the life span of all investments, from the sourcing of investments through the tracking of portfolio performance and eventual asset disposition.
Prior to CTC Capital Management, Preston interned for Essex Property Trust, focusing on portfolio data analytics, and most recently worked at Northmarq, underwriting multi-family properties throughout California. Born and raised in Newport Beach, CA., Preston received a scholarship to play Division 1 baseball at the University of Southern California, where he earned a B.S. in Real Estate Development from the Price School of Public Policy. Preston is currently pursuing his MBA at the University of Chicago Booth School of Business with a graduation target date of 2027.