CAMDEN PROPERTY TRUST

For the period ended Dec 31, 2023. Filed Feb 22, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 22, 2024

CPT$100.28+0.8%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Item 2. Properties

The Properties

Our properties typically consist of mid-rise buildings or two and three story buildings in a landscaped setting, as well as high-rise buildings, and provide residents with a variety of amenities common to multifamily rental properties.

Operating Properties

The 172 operating properties in which we owned interests and operated at December 31, 2023 averaged 961 square feet of living area per apartment home. For the year ended December 31, 2023, no single operating property accounted for greater than 1.4% of our total revenues. Our stabilized operating properties had a weighted average occupancy rate of approximately 95% and 96% for the years ended December 31, 2023 and 2022, respectively, an average monthly rental rate per apartment home of $1,981 and $1,881 for the same periods, respectively and our average resident lease terms are approximately fourteen months. At December 31, 2023, 155 of our operating properties had over 200 apartment homes, with the largest having 904 apartment homes. Our operating properties were constructed and placed in service as follows:

Year Placed in Service	Number of Operating Properties
2019-2023	13
2014-2018	32
2009-2013	21
2004-2008	31
1999-2003	45
Prior to 1999	30

Property Table

The following table sets forth information with respect to our 172 operating properties at December 31, 2023:

	OPERATING PROPERTIES
Property and Location	Year Placedin Service	Average ApartmentSize (Sq. Ft.)	Number ofApartments	2023 AverageOccupancy (1)	2023 AverageMonthly RentalRate perApartment (2)
ARIZONA
Phoenix/Scottsdale
Camden Chandler	2016	1,146	380	94.6%	$1,968
Camden Copper Square	2000	786	332	93.2	1,675
Camden Foothills	2014	1,032	220	95.5	2,183
Camden Legacy	1996	1,067	428	95.3	2,049
Camden Montierra	1999	1,071	249	95.2	1,963
Camden North End I	2019	921	441	95.0	2,030
Camden North End II	2021	885	343	94.1	2,042
Camden Old Town Scottsdale	2016	892	316	94.4	2,297
Camden Pecos Ranch	2001	949	272	93.4	1,708
Camden San Marcos	1995	984	320	93.2	1,867
Camden San Paloma	1993/1994	1,042	324	95.0	2,017
Camden Sotelo	2008/2012	1,303	170	93.7	2,048
Camden Tempe	2015	1,043	234	94.0	2,027
Camden Tempe II (3)	2023	981	397	95.4	1,918
CALIFORNIA
Los Angeles/Orange County
Camden Crown Valley	2001	1,009	380	95.9	2,664
Camden Glendale	2015	893	307	96.8	2,812
Camden Harbor View	2004/2016	981	547	93.4	3,014
Camden Main and Jamboree	2008	1,011	290	93.9	2,603
The Camden	2016	767	287	92.4	3,215
San Diego/Inland Empire
Camden Hillcrest	2021	1,223	132	95.4	3,628
Camden Landmark	2006	982	469	94.6	2,215
Camden Old Creek	2007	1,037	350	97.6	2,834
Camden Sierra at Otay Ranch	2003	962	422	95.6	2,756
Camden Tuscany	2003	895	160	95.8	3,178
Camden Vineyards	2002	1,053	264	94.8	2,413
COLORADO
Denver
Camden Belleview Station	2009	888	270	96.1	1,899
Camden Caley	2000	921	218	96.6	1,926
Camden Denver West	1997	1,015	320	95.7	2,284
Camden Flatirons	2015	960	424	96.5	2,025
Camden Highlands Ridge	1996	1,149	342	96.3	2,265
Camden Interlocken	1999	1,002	340	96.2	2,094
Camden Lakeway	1997	929	459	96.5	2,008
Camden Lincoln Station	2017	844	267	96.4	1,877

	OPERATING PROPERTIES
Property and Location	Year Placedin Service	Average ApartmentSize (Sq. Ft.)	Number ofApartments	2023 AverageOccupancy (1)	2023 AverageMonthly RentalRate perApartment (2)
Camden RiNo	2020	828	233	96.0%	$2,257
WASHINGTON DC METRO
Camden Ashburn Farm	2000	1,062	162	96.9	2,122
Camden College Park	2008	942	509	94.0	1,892
Camden Dulles Station	2009	977	382	97.7	2,214
Camden Fair Lakes	1999	1,056	530	96.8	2,230
Camden Fairfax Corner	2006	934	489	96.8	2,247
Camden Fallsgrove	2004	996	268	95.7	2,155
Camden Grand Parc	2002	672	105	94.6	2,768
Camden Lansdowne	2002	1,006	690	96.8	2,127
Camden Monument Place	2007	856	368	97.5	1,993
Camden NoMa	2014	769	321	96.2	2,299
Camden NoMa II	2017	759	405	96.8	2,387
Camden Potomac Yard	2008	832	378	96.2	2,310
Camden Roosevelt	2003	856	198	97.0	3,096
Camden Shady Grove	2018	877	457	96.8	2,021
Camden Silo Creek	2004	975	284	97.0	2,077
Camden South Capitol	2013	821	281	95.2	2,440
Camden Washingtonian	2018	870	365	96.9	2,058
FLORIDA
Southeast Florida
Camden Atlantic (3)	2022	919	269	97.1	2,385
Camden Aventura	1995	1,108	379	95.4	2,738
Camden Boca Raton	2014	843	261	95.7	2,626
Camden Brickell	2003	937	405	95.9	2,897
Camden Doral	1999	1,120	260	97.3	2,590
Camden Doral Villas	2000	1,253	232	96.6	2,880
Camden Las Olas	2004	1,043	420	96.6	2,822
Camden Plantation	1997	1,201	502	95.9	2,381
Camden Portofino	1995	1,112	322	95.5	2,425
Orlando
Camden Hunter’s Creek	2000	1,075	270	95.8	1,933
Camden Lago Vista	2005	955	366	96.2	1,805
Camden Lake Eola	2021	944	360	95.2	2,398
Camden LaVina	2012	969	420	95.1	1,863
Camden Lee Vista	2000	937	492	95.6	1,849
Camden North Quarter	2016	806	333	96.7	1,854
Camden Orange Court	2008	817	268	94.8	1,740
Camden Thornton Park	2016	920	299	96.0	2,095
Camden Town Square	2012	983	438	95.9	1,875
Camden Waterford Lakes	2014	971	300	96.4	1,911
Camden World Gateway	2000	979	408	95.6	1,850

	OPERATING PROPERTIES
Property and Location	Year Placedin Service	Average ApartmentSize (Sq. Ft.)	Number ofApartments	2023 AverageOccupancy (1)	2023 AverageMonthly RentalRate perApartment (2)
Tampa/St. Petersburg
Camden Bay	1997/2001	943	760	97.1%	$1,885
Camden Central	2019	942	368	96.1	3,384
Camden Montague	2012	972	192	97.2	1,880
Camden Pier District	2016	989	358	95.9	3,494
Camden Preserve	1996	942	276	95.7	2,051
Camden Royal Palms	2006	1,017	352	94.5	1,792
Camden Visconti	2007	1,125	450	95.2	2,059
Camden Westchase Park	2012	992	348	96.6	2,053
GEORGIA
Atlanta
Camden Brookwood	2002	916	359	93.8	1,764
Camden Buckhead	2022	1,087	366	88.9	2,574
Camden Buckhead Square	2015	827	250	93.3	1,850
Camden Creekstone	2002	990	223	94.4	1,744
Camden Deerfield	2000	1,187	292	94.0	1,901
Camden Dunwoody	1997	1,007	324	93.3	1,773
Camden Fourth Ward	2014	844	276	96.5	2,066
Camden Midtown Atlanta	2001	935	296	94.2	1,818
Camden Paces	2015	1,408	379	94.7	2,963
Camden Peachtree City	2001	1,027	399	94.9	1,760
Camden Phipps	1996	1,010	234	77.2	1,810
Camden Shiloh	1999/2002	1,143	232	95.5	1,728
Camden St. Clair	1997	999	336	93.6	1,745
Camden Stockbridge	2003	1,009	304	94.7	1,624
Camden Vantage	2010	901	592	92.9	1,752
NORTH CAROLINA
Charlotte
Camden Ballantyne	1998	1,048	400	95.4	1,701
Camden Cotton Mills	2002	905	180	95.2	1,768
Camden Dilworth	2006	857	145	94.6	1,845
Camden Fairview	1983	1,036	135	93.5	1,544
Camden Foxcroft	1979	940	156	94.8	1,425
Camden Foxcroft II	1985	874	100	94.6	1,538
Camden Gallery	2017	743	323	94.6	2,002
Camden Grandview	2000	1,059	266	95.8	2,150
Camden Grandview II	2019	2,241	28	90.6	4,151
Camden NoDa (4)	2023	789	387	Lease-up	1,726
Camden Sedgebrook	1999	972	368	95.4	1,550
Camden South End	2003	878	299	95.3	1,910
Camden Southline	2015	831	266	95.1	2,048
Camden Stonecrest	2001	1,098	306	95.8	1,728
Camden Touchstone	1986	899	132	95.9	1,438

	OPERATING PROPERTIES
Property and Location	Year Placedin Service	Average ApartmentSize (Sq. Ft.)	Number ofApartments	2023 AverageOccupancy (1)	2023 AverageMonthly RentalRate perApartment (2)
Raleigh
Camden Asbury Village	2009	1,009	350	96.6%	$1,623
Camden Carolinian	2017	1,118	186	92.3	2,341
Camden Crest	2001	1,012	442	95.3	1,507
Camden Governor’s Village	1999	1,046	242	94.9	1,594
Camden Lake Pine	1999	1,066	446	95.9	1,603
Camden Manor Park	2006	966	484	94.7	1,557
Camden Overlook	2001	1,060	322	96.2	1,661
Camden Reunion Park	2000/2004	972	420	95.2	1,450
Camden Westwood	1999	1,022	360	96.1	1,564
TENNESSEE
Nashville
Camden Franklin Park	2018	967	328	95.9	2,033
Camden Music Row	2016	903	430	95.2	2,502
TEXAS
Austin
Camden Amber Oaks	2009	862	348	94.8	1,511
Camden Amber Oaks II	2012	910	244	94.8	1,608
Camden Brushy Creek	2008	882	272	95.1	1,616
Camden Cedar Hills	2008	911	208	95.8	1,736
Camden Gaines Ranch	1997	955	390	94.1	1,911
Camden Huntingdon	1995	903	398	95.1	1,617
Camden La Frontera	2015	901	300	95.2	1,640
Camden Lamar Heights	2015	838	314	94.4	1,836
Camden Rainey Street	2016	873	326	83.1	2,323
Camden Shadow Brook	2009	909	496	95.2	1,538
Camden Stoneleigh	2001	908	390	95.0	1,697
Dallas/Fort Worth
Camden Addison	1996	942	456	94.4	1,600
Camden Belmont	2010/2012	946	477	94.4	1,816
Camden Buckingham	1997	919	464	95.3	1,575
Camden Centreport	1997	912	268	95.6	1,518
Camden Cimarron	1992	772	286	95.9	1,564
Camden Design District	2009	939	355	94.9	1,709
Camden Farmers Market	2001/2005	932	904	93.1	1,637
Camden Greenville	2017/2018	1,028	558	95.5	2,032
Camden Henderson	2012	966	106	95.4	1,933
Camden Legacy Creek	1995	831	240	95.5	1,683
Camden Legacy Park	1996	870	276	95.6	1,750
Camden Panther Creek	2009	946	295	95.8	1,716
Camden Riverwalk	2008	989	600	96.4	1,874
Camden Valley Park	1986	743	516	95.3	1,428
Camden Victory Park	2016	861	423	95.5	2,040

	OPERATING PROPERTIES
Property and Location	Year Placedin Service	Average ApartmentSize (Sq. Ft.)	Number ofApartments	2023 AverageOccupancy (1)	2023 AverageMonthly RentalRate perApartment (2)
Houston
Camden City Centre	2007	932	379	94.9%	$1,599
Camden City Centre II	2013	869	268	94.1	1,572
Camden Cypress Creek	2009	993	310	94.2	1,560
Camden Cypress Creek II	2020	950	234	94.4	1,603
Camden Downs at Cinco Ranch	2004	1,075	318	96.7	1,604
Camden Downtown	2020	1,052	271	89.9	2,612
Camden Grand Harbor	2008	959	300	94.8	1,451
Camden Greenway	1999	861	756	95.1	1,513
Camden Heights	2004	927	352	96.3	1,657
Camden Highland Village	2014/2015	1,172	552	94.1	2,396
Camden Holly Springs	1999	934	548	94.1	1,453
Camden McGowen Station	2018	1,004	315	94.6	2,116
Camden Midtown	1999	844	337	94.6	1,574
Camden Northpointe	2008	940	384	94.5	1,390
Camden Plaza	2007	915	271	96.2	1,730
Camden Post Oak	2003	1,200	356	95.2	2,576
Camden Royal Oaks	2006	923	236	96.3	1,493
Camden Royal Oaks II	2012	1,054	104	97.9	1,721
Camden Spring Creek	2004	1,080	304	93.4	1,505
Camden Stonebridge	1993	845	204	94.6	1,289
Camden Sugar Grove	1997	921	380	96.1	1,438
Camden Travis Street	2010	819	253	95.3	1,547
Camden Vanderbilt	1996/1997	863	894	93.4	1,582
Camden Whispering Oaks	2008	936	274	95.6	1,469
Camden Woodson Park	2008	916	248	94.2	1,369
Camden Yorktown	2008	995	306	95.3	1,378

(1)Represents the average physical occupancy for the year except as noted.

(2)The average monthly rental rate per apartment incorporates vacant units and resident concessions calculated on a straight-line basis over the life of the lease.

(3)Development property stabilized during 2023 - the average occupancy was calculated from the date at which the occupancy exceeded 90% through December 31, 2023.

(4)Property under lease-up at December 31, 2023.

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.