Camden Property Trust
Encyclopedia
Camden Property Trust is a Houston, TX based Real Estate Investment Trust
that owns and operates apartment communities in the United States. According to the company's website, it owns 196 apartment communities made up of 67,212 units.
In 1993, Camden completed their Initial Public Offering
.
In 1997, Camden acquired Paragon Group, Inc.
In 1998, Camden acquired Oasis Residential, Inc.
In 2005, Camden acquired Summit Properties, Inc.
Real estate investment trust
A real estate investment trust or REIT is a tax designation for a corporate entity investing in real estate. The purpose of this designation is to reduce or eliminate corporate tax. In return, REITs are required to distribute 90% of their taxable income into the hands of investors...
that owns and operates apartment communities in the United States. According to the company's website, it owns 196 apartment communities made up of 67,212 units.
Management
| Position | Name |
|---|---|
| CEO | Richard J. Campo |
| President | D. Keith Oden |
| COO | H. Malcolm Stewart |
| SVP - Finance and CFO | Dennis M. Steen |
| SVP - Construction | Stephen R. Hefner |
| SVP - Finance | Alex Jessett |
| SVP - HR | Cynthia B. Scharringhausen |
| SVP - Real Estate Investments | William W. Sengelmann |
| SVP - Strategic Services | Kristy Simonette |
History
In 1982, Ric Campo and Keith Oden, founded what is now Camden Property Trust. The company focused on the booming Houston condominium market. When the Houston real estate market imploded in the mid-1980s due to the great oil bust, the development company converted the condominiums as apartments.In 1993, Camden completed their Initial Public Offering
Initial public offering
An initial public offering or stock market launch, is the first sale of stock by a private company to the public. It can be used by either small or large companies to raise expansion capital and become publicly traded enterprises...
.
In 1997, Camden acquired Paragon Group, Inc.
In 1998, Camden acquired Oasis Residential, Inc.
In 2005, Camden acquired Summit Properties, Inc.
Purpose
Camden buys and develops land, builds apartment homes, and manages apartment communities.Recognitions
- In 2008, it was recognized by Fortune Magazine as #50 in the 100 Best Companies To Work For list.
- In 2009, it was recognized by Fortune Magazine as #41 in the 100 Best Companies To Work For list.
- In 2010, it was recognized by Fortune Magazine as #10 in the 100 Best Companies To Work For list.
- In 2011, it was recognized by Fortune Magazine as #7 in the 100 Best Companies To Work For list.