Camden Property Trust is a real estate investment trust that invests in apartments in the United States.
The name of the company is derived from the last names of its founders, Richard J. Campo and D. Keith Oden.
As of December 31, 2016, the company owned interests in 159 apartment communities containing 55,366 apartment units.
The company is ranked #22 by Fortune on its list of the "Best Companies To Work For".
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History
In 1981, Richard J. Campo and D. Keith Oden bought the failing Houston condo business of their employer and reorganized it into a REIT.
In 1993, the company became a public company via an initial public offering.
In 1997, the company acquired Paragon Group, which owned 17,000 apartment units, in a $615 million transaction.
In 1998, the company acquired Oasis Residential for $542 million in stock and the assumption of $430 million in debt.
In 2005, the company acquired Summit Properties in a $1.1 billion transaction.
In 2011, the company acquired 8 properties in Texas for $261 million.
In 2012, the company purchased the 80% interest held by a joint venture partner in 12 communities for $99.5 million.
In 2016, the company sold its portfolio of properties in Nevada, which included 15 communities with 4,918 apartment units, for $630 million. The company also sold a 444-unit property in Tampa, Florida for $58 million.
Maps Camden Property Trust
References
External links
Source of article : Wikipedia
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