Camden Property Trust

Last updated
Camden Property Trust
Company type Public company
Industry Real estate investment trust
Founded1981;43 years ago (1981)
Founders
  • Richard J. Campo
  • D. Keith Oden
Headquarters11 Greenway Plaza
Houston, Texas, U.S.
Key people
Richard J. Campo (Chairman & CEO)
D. Keith Oden (Executive Vice Chairman)
Alexander J. Jessett (CFO)
Products Apartments
RevenueIncrease2.svg US$1.542 billion (2023)
Decrease2.svg US$403 million (2023)
Total assets Increase2.svg US$9.383 billion (2023)
Total equity Decrease2.svg US$5.051 billion (2023)
Number of employees
approx. 1,640 (December 2023)
Website camdenliving.com
Footnotes /references
[1]

Camden Property Trust is a publicly-traded real estate investment trust that invests in apartments in the United States. As of December 31, 2023, the company owned interests in 176 apartment communities containing 59,800 apartment homes in the United States. [1] It is the 14th largest owner of apartments in the United States. [2]

Contents

The name of the company is derived from the last names of its founders, Richard J. Campo and D. Keith Oden. [3]

History

In 1981, Richard J. Campo and D. Keith Oden bought the failing Houston condominium business of their employer and reorganized it into a REIT. [3]

In 1993, the company became a public company via an initial public offering. [3]

In 1997, the company acquired Paragon Group, which owned 17,000 apartment units, in a $615 million transaction. [4] [5]

In 1998, the company acquired Oasis Residential for $542 million in stock and the assumption of $430 million in debt. [6]

In 2005, the company acquired Summit Properties in a $1.1 billion transaction. [7] [8] [9]

In 2011, the company acquired 8 properties in Texas for $261 million. [10] [11]

In 2012, the company purchased the 80% interest held by a joint venture partner in 12 communities for $99.5 million. [12]

In 2016, the company sold its portfolio of properties in Nevada, which included 15 communities with 4,918 apartment units, for $630 million. [13]

In 2022, the company acquired the remaining ownership interests in its joint venture with Teacher Retirement System of Texas. [14]

Related Research Articles

Colonial Properties Trust was a publicly traded diversified real estate investment trust headquartered in Birmingham, Alabama. In October 2013, the company was acquired by Mid-America Apartment Communities.

<span class="mw-page-title-main">CBL Properties</span> U.S. real estate investment trust that invests in shopping centers

CBL Properties is an American real estate investment trust that invests in shopping centers and owns shopping malls, primarily in the Southeastern and Midwestern United States. The company is organized in Delaware with its headquarters in Chattanooga, Tennessee.

<span class="mw-page-title-main">Liberty Property Trust</span> American real estate company

Liberty Property Trust was a real estate investment trust that invested in office buildings and industrial properties. As of December 31, 2017, the company owned interests in 461 industrial and 48 office properties comprising 86.0 million square feet.

Equity Residential is a United States-based publicly traded real estate investment trust that invests in apartments.

Archstone was a real estate investment trust that invested in apartments. In 2007, the company was acquired by Tishman Speyer and Lehman Brothers and, in 2013, the company's assets were acquired by Equity Residential and AvalonBay Communities.

<span class="mw-page-title-main">Thomas Properties Group</span> Defunct real estate investment firm

Thomas Properties Group was a real estate investment trust based in City National Plaza in Los Angeles, California.

<span class="mw-page-title-main">Regency Centers</span> U.S. real estate company

Regency Centers Corporation is a real estate investment trust based in Jacksonville, Florida and is one of the largest operators of shopping centers with grocery stores as anchor tenants. As of October 21, 2020, the company owned 415 properties comprising 56 million square feet of space. Notable properties owned by the company include Serramonte Center and a 30% interest in Village District.

AmREIT, Inc. was a real estate investment trust that invested in shopping centers in Texas and Atlanta, Georgia. The company also managed real estate investment funds for high net worth individuals and in partnership with JPMorgan Chase and Goldman Sachs.

<span class="mw-page-title-main">Starwood Capital Group</span> American private equity and investment firm

Starwood Capital Group is an investment firm headquartered in Miami Beach, Florida. It is managed by Barry Sternlicht. It was co-founded by Sternlicht and Robert Faith in 1991. In 1993, Faith left Starwood to found Greystar Real Estate Partners.

<span class="mw-page-title-main">Crow Holdings</span> American asset management company

Crow Holdings is a privately owned real estate investment and development firm based in Dallas, Texas, US, which has been operating since 1948. Originally founded by Trammell Crow, the firm was expanded under the direction of his son, Harlan Crow, chairman and former CEO. As of 2018, the company employed 450 people through its operating businesses in locations throughout the US. As of 2020, Crow Holdings managed $19.6 billion.

Liquid Realty Partners was a private equity real estate firm that invested indirectly in commercial property by acquiring interests in existing real estate funds, partnerships, joint ventures, separate accounts, unit trusts and other private investment vehicles in the private equity secondary market.

<span class="mw-page-title-main">Hines Interests Limited Partnership</span> American privately held company that invests in and develops real estate

Hines Interests Limited Partnership is a privately held company that invests in and develops real estate.

<span class="mw-page-title-main">Prologis</span> American real estate company

Prologis, Inc. is a real estate investment trust headquartered in San Francisco, California that invests in logistics facilities. The company was formed through the merger of AMB Property Corporation and Prologis in June 2011, which made Prologis the largest industrial real estate company in the world. As of December 2022, the company owned 5,495 buildings comprising about 1.2 billion square feet in 19 countries across North America, Latin America, Europe, and Asia. According to The Economist, its business strategy is focused on warehouses that are located close to huge urban areas where land is scarce. It serves about 6,600 tenants. Prologis began to expand its non-real estate business, Essentials, in 2022, offering customers solar power, racking systems, forklifts, generators, EV charging infrastructure, and other logistics tech equipment for purchase.

<span class="mw-page-title-main">Veris Residential</span> American real estate investment trust

Veris Residential, Inc. is a real estate investment trust headquartered in Jersey City, New Jersey, investing primarily in multifamily real estate in New Jersey and Boston.

Welltower Inc. is a real estate investment trust that invests in healthcare infrastructure. It is ranked 583rd on the Fortune 500. As of December 31, 2022, the company had investments in approximately 3,000 properties, all of which were in the United States, Canada, and the United Kingdom.

<span class="mw-page-title-main">Essex Property Trust</span> American Real Estate Investment Trust

Essex Property Trust is a publicly traded real estate investment trust that invests in apartments in California and in the Seattle metropolitan area.

EPR Properties, formerly Entertainment Properties Trust, is a real estate investment trust based in Kansas City, Missouri, that invests in amusement parks, movie theaters, ski resorts, and other entertainment properties. It owns 353 properties as of 2022.

TruAmerica Multifamily is a Los Angeles-based multifamily investment firm that specializes in the acquisition and renovation of large class B apartment properties across the United States. Since its founding in 2013 by real estate investor Robert E. Hart, the company has acquired and/or asset manages a portfolio of more than 55,000 apartment units valued at roughly $16.1 billion.

Canadian Apartment Properties REIT (CAPREIT) is a Canadian real estate investment trust headquartered in Toronto, Ontario, Canada. CAPREIT is the largest publicly traded apartment landlord in Canada, with over $17.7 billion in assets, as of December 2021. As of 2022, CAPREIT owns or has interests in approximately 67,000 residential apartments, townhomes and manufactured housing units across Canada, the Netherlands and Ireland.

<span class="mw-page-title-main">Supermarket Income REIT</span> Property Holding in London

Supermarket Income REIT is a property company which invests in retail property and holds a large portfolio of supermarkets. The company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

References

  1. 1 2 "Camden Property Trust 2023 Form 10-K Annual Report". U.S. Securities and Exchange Commission. February 22, 2024.
  2. ↑ "NMHC 50 Largest Apartment Owners". National Multifamily Housing Council.
  3. 1 2 3 Tkaczyk, Christopher (June 2, 2014). "Pass go, collect dough with Camden Property Trust". Fortune .
  4. ↑ Garrison, Trey (April 27, 1997). "Houston REIT acquires Paragon Group in $615 million merger" . American City Business Journals .
  5. ↑ "CAMDEN PROPERTY TRUST TO ACQUIRE PARAGON GROUP". The New York Times . Bloomberg News. December 17, 1996.
  6. ↑ Levine, Phil (December 23, 1999). "Three Oasis apartment complexes in Las Vegas to be sold by March". Las Vegas Sun .
  7. ↑ "Camden Property Trust Completes Merger with Summit Properties Inc. and Exchange of Units of Limited Partnership Interest in Camden Summit Partnership, L.P." (Press release). Business Wire. February 28, 2005.
  8. ↑ Smith, Ray A. (October 6, 2004). "Camden Property Agrees To Acquire Summit Properties" . The Wall Street Journal .
  9. ↑ "Camden Property Trust acquires Summit Properties" . American City Business Journals . March 1, 2005.
  10. ↑ "Camden Property Trust Announces Acquisition Activity" (Press release). Business Wire. June 30, 2011.
  11. ↑ "Camden acquires 8 Texas apartment complexes" . American City Business Journals . July 1, 2011.
  12. ↑ "Camden Property Trust Purchases Remaining Interests in Joint Ventures". National Real Estate Investor . January 12, 2012.
  13. ↑ Takahashi, Paul (April 26, 2016). "Camden sells off $630M apartment portfolio" . American City Business Journals .
  14. ↑ "Camden Property Trust Announces Acquisition of Fund Partnership Interests" (Press release). Business Wire. March 18, 2022.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.