CPT · News · 20260806N
Acquisition / Partnership / Divestiture
CAMDEN PROPERTY TRUST · 2026-08-06 · Importance 71 · Surprise 60 · In source text
Camden sold 11 multifamily properties in Southern California for approximately $1.6 billion to an entity managed by BlackRock Inc. The portfolio contained 3,620 units and was 96% occupied at the time of sale. The transaction included a $566.6 million agency loan arranged for the buyer’s acquisition of seven properties, while Camden is reallocating activity toward Sunbelt assets.
Key facts
- JLL Capital Markets brokered the transaction and JLL's Debt Advisory team originated a $566.6 million agency loan for the acquisition of seven properties. source
- Camden sold a portfolio of 11 multifamily properties in Southern California for $1.6 billion to an entity managed by BlackRock Inc. source
- Amundi decreased its holdings in Camden by 78.9% during the undefined quarter and owned 79,551 shares after selling 296,612 shares. source
- The sold Southern California portfolio comprised 3,620 units. source
- The sold Southern California portfolio had a 96 percent occupancy rate at the time of sale. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| liability | negative | committed | — | JLL Capital Markets brokered the transaction and JLL's Debt Advisory team originated a $566.6 million agency loan for the acquisition of… |