CPT · 8-K · 20261105PR071117
Acquisition / Partnership / Divestiture
CAMDEN PROPERTY TRUST · 2026-11-05 · Importance 71 · Surprise 60 · From source text
During the third quarter of 2026, Camden acquired three apartment communities in Tampa, Florida; Charlotte, North Carolina; and Nashville, Tennessee, for a combined $305.2 million, and purchased a Tampa land parcel for approximately $18.3 million. On July 29, 2026, it sold its California portfolio of 11 communities and 3,620 homes for approximately $1.6 billion, recognizing a gain of about $1.0 billion. Approximately $0.9 billion of the proceeds repaid balances under its unsecured revolving credit facility and commercial paper program. After quarter-end, Camden sold 2.6 acres of Los Angeles land for approximately $10.7 million.
Key facts
- During 3Q26, Camden acquired Camden Brandon, a 296-apartment-home community in Tampa, Florida; Camden LoSo, a 343-apartment-home community in Charlotte, North Carolina; and Camden Gulch, a 300-apartment-home community in Nashville, Tennessee, for a combined $305.2 million. source
- On July 29, 2026, Camden sold its California portfolio of 11 operating communities with 3,620 apartment homes for approximately $1.6 billion and recognized an approximately $1.0 billion gain. source
- Camden acquired a land parcel in Tampa, Florida for approximately $18.3 million during 3Q26. source
- Subsequent to 3Q26, Camden sold 2.6 acres of land in Los Angeles, California for approximately $10.7 million. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| net_income | positive | realized | +259.5% | On July 29, 2026, Camden sold its California portfolio of 11 operating communities with 3,620 apartment homes for approximately $1.6… |
| assets | positive | realized | — | During 3Q26, Camden acquired Camden Brandon, a 296-apartment-home community in Tampa, Florida; Camden LoSo, a 343-apartment-home community… |
| cash | negative | realized | — | During 3Q26, Camden acquired Camden Brandon, a 296-apartment-home community in Tampa, Florida; Camden LoSo, a 343-apartment-home community… |
| cash | positive | realized | — | On July 29, 2026, Camden sold its California portfolio of 11 operating communities with 3,620 apartment homes for approximately $1.6… |
| assets | negative | realized | — | On July 29, 2026, Camden sold its California portfolio of 11 operating communities with 3,620 apartment homes for approximately $1.6… |