Camden Property (CPT) announces recent acquisitions.
Camden Property Trust (CPT) announced today that it had acquired two newer properties for approximately $222 million.
Founded in 1982, Camden Property Trust (CPT) is one of the largest owner/developers of Class-A apartment properties in the U.S. with a current portfolio of 172 properties and 58,314 apartment units. Camden has a total market capitalization of approximately $13.7 billion and is a member of the S&P MidCap 400 Index.
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- In Houston, CPT acquired a luxury 522-unit apartment community and adjacent 2.25 acre development site. The community - to be renamed Camden Highland Village - includes a mix of mid-rise buildings and three-story townhomes. The property was completed in 2015 and "features upscale interior finishes...and provides convenient access to restaurants, retail, and employment hubs."
- In Raleigh, the company acquired a 186-home luxury mid-rise property completed in 2017. The community will be renamed Camden Carolinian.
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Founded in 1982, Camden Property Trust (CPT) is one of the largest owner/developers of Class-A apartment properties in the U.S. with a current portfolio of 172 properties and 58,314 apartment units. Camden has a total market capitalization of approximately $13.7 billion and is a member of the S&P MidCap 400 Index.
12/30/2019