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Camden Buys $261M Apartments

Camden Property Trust has acquired a portfolio of eight apartment communities for about $261 million.

    Camden Property Trusthas acquired a portfolio of eight apartment communities for about $261 million,GlobeStreports. The REIT purchased the asset via its discretionary investment funds, in which it owns a 20% interest.

    The fund has three additional apartment communities under its agreement for about $59 million. The eight communities includeCamden Brushy Creek, Austin,Camden Cypress Creek, Houston,Camden Panther Creek, Dallas, andCamden Westover Hills, 288 units, San Antonio. The communities have an average occupancy of 95%.

    Click here for the story fromGlobeSt.

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