THE CASTLEBROOK TEAM

Doug Boettcher, CPM
President and Chief Financial Officer

Doug Boettcher formed Castlebrook in 1985. Since its founding, he has been actively managing, leasing, brokering and consulting for over 6 million square feet of commercial and multi-family properties. Previous to forming Castlebrook, he was senior vice president with Drexel Management, Inc., a subsidiary of the Vantage Companies in Dallas. In that position, he supervised the operations of 15 apartment and condominium communities located in several states. In addition, his duties included involvement in land acquisitions, development, renovation, and new construction.

Prior to this, Mr. Boettcher was the southwest regional director with Krupp Realty, a Boston-based real estate syndicator. He was responsible for managing properties in several states. During his tenure with Krupp, Mr. Boettcher was involved in the take-over of a large portfolio of apartments in Atlanta, purchased from Cadillac Fairview. He began his real estate career in Atlanta in 1975 while working on his MBA.

Mr. Boettcher holds the designation of Certified Property Manager (CPM). He has been active in the local IREM chapter, elected to the Executive Council as a vice president for 1991-92 and assisting in membership interviews and experience exchanges for the annual IREM Income and Expense Publication. He received his MBA in Finance from Emory University in Atlanta in 1977, and is a 1975 graduate of Ohio Wesleyan University. Mr. Boettcher is licensed real estate salesperson in Texas.

He is a former board member of the City of Dallas' Economic Development Advisory Board and is a former board member of the Board of Directors of the Dallas Small Business Corporation, which distributed federal 504 mortgage funding to area businesses. Mr. Boettcher also has served as a member of the Computer Information Systems Advising Committee of Mountain View College, as well as on various chamber of commerce committees. He has served as an Assistant Scoutmaster and Advancement Chairman with his sons' Boy Scout Troops and is father to 2 Eagle Scouts.  Mr. Boettcher is a volunteer for Meals on Wheels and the "Holy Roller" transport program with Preston Hollow Presbyterian Church.

Familiar with a myriad of computer hardware and software, Mr. Boettcher has evaluated real estate software for the Institute of Real Estate Management's Journal of Property Management and also reviewed technical books for them. He has had four articles published in the Journal. Additionally, Mr. Boettcher has written articles addressing the commercial realtor's effective use of the Internet as a real estate tool and maintained a page of commercial real estate links in Dallas BOMA's Office and Commercial Real Estate Magazine .  Three articles by Mr. Boettcher have recently been published in RedNews, a monthly Texas real estate publication.

John Kerr Munson, RPA
Vice President

John Munson graduated from Trinity University with a B. S. degree in business finance in August, 1987. Mr. Munson is a licensed real estate broker. He has received his RPA (Real Property Administrator) from BOMA and is working toward his CPM (Certified Property Manager) designation from the Institute of Real Estate Management.

Active in real estate since graduation, Mr. Munson has extensive experience in industrial and retail property. His most recent experience includes managing and leasing over 250,000 square feet of shopping center property, including the supervision and management of construction of additional stores.

Thomas P. Ligon, Jr.
Vice President

Tom has been active in the commercial real estate industry in the Dallas/Fort Worth market for over thirty years. Prior to joining Castlebrook,Tom served as the Director of Leasing of One Main Place, a one million square foot office building located in downtown Dallas. During his tenure there, he was employed by the RAK Group, CB Richard Ellis and Grubb & Ellis. Prior to his position at One Main Place, Mr. Ligon was a partner with Trammel Crow Company and served as a real estate broker specializing in tenant representation in office and industrial properties with Fults Associates and Henry S. Miller Commercial.

Mr. Ligon, a graduate of Southern Methodist University ( SMU), has received many honors during his active brokerage career.  Some of these honors include being recognized by Grubb & Ellis for his outstanding performance in completing a 102,415 sf expansion and renewal of  Ernst & Young, and being recognized by the CoStar Group in 2004 as ranked among the top 20 brokers in the Dallas/Fort Worth Market ranked by office transaction volume.

Recognized.as a force in the Dallas Office Market, Mr. Ligon was appointed to serve as a Board Member on the Downtown Improvement District of Dallas and the Central Dallas Association.

James L. Hitt, CPM
Vice President

 Jim joined the Castlebrook Team in January 2010, after working the last five years in multi-family management and community association management.  Prior to that he held various executive positions with MetLife Real Estate Investments, Hibernia Bank, Republic Bank and First Chicago Investment Advisers, where he supervised the management and leasing of multimillion dollar portfolios of office, industrial and multi-family properties.

Jim received his Bachelor of Science (BS) degree from Indiana University and his Certified Property Manager, CPM, designation from the Institute of Real Estate Management, IREM.  Mr. Hitt has served in numerous leadership capacities with IREM, including multiple committee chair positions and several years as a Vice President on the Governing Counsel.   

Ted P. Palles, CPM
Vice President of Apartment Investment & Management

Ted P. Palles, CPM has been actively involved with the ownership and operation of apartment communities since 1981. His experience includes the activities of partnership management, asset management, acquisitions, dispositions, property management, consultation, and business development. In addititon, he has directed strategic planning, accounting design, and development of management information systems for large scale real estate management organizations.

Mr. Palles received a Bachelor of Science degree from Rhodes College and a Masters of Business Administration from the Graduate School of Management at the University of Dallas. Mr. Palles is a Certified Property Manager (CPM) through the Institute of Real Estate Management. He has authored articles for the Journal of Property Management and has presented training seminars for IREM. Mr. Palles is a licensed Texas real estate broker.

Ted P. Palles, CPM, started his real estate career with Trammell Crow Residential Companies. He was responsible for managing portfolios of 1500-2000 apartments, specializing in the renovation and marketing of under-performing-assets. He also completed the successful marketing and leasing of 3000 apartments in an eighteen month period. For his efforts, he was promoted to Regional Manager, hiring and overseeing Multi-Site Property Supervisors.

In 1984, Mr. Palles joined Hall Financial Group, Inc. where he independently developed and implemented a long term strategic plan for the company to reorganize its management division and enter the third party "Management Services" arena. In this capacity, Mr. Palles gained experience in restructuring limited partnerships, working-out loan modifications and analyzing general partnership interests. He joined forces with Castlebrook in 1993.

Ted is married and is an active father to five children.  He and his family are active in their church and PTA.