Camden Property Trust, an S&P 400 Company, is one of the largest publicly traded multifamily companies in the United States. Structured as a real estate investment trust, the company is primarily engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden's workforce totals approximately 1,600 employees, and the company is headquartered in Houston, Texas. As of December 31, 2019, the company owned interests in 172 apartment communities containing 58,315 apartment units. Camden Property Trust is the first multifamily company to make the Fortune 100 Best Companies to Work For® list. Camden has been recognized as one of the 100 Best Companies to Work For® by Fortune magazine for 13 consecutive years, most recently ranking #18. Camden Property Trust also ranked on Fortune lists of Best Workplaces for Millennials® and Best Workplaces for Women®. In 2020, Fortune ranked it at number 18 on their Fortune List of the Top 100 Companies to Work For in 2020 based on an employee survey of satisfaction. In 2019, Camden Property Trust received a Glassdoor Employees' Choice Award in 2020, ranking #25 for large U.S. companies.
History
The name of the company is derived from the last names of its founders, Richard J. Campo and D. Keith Oden. 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.
