Camden Sells 11 California Apartment Complexes
Camden Property Trust (a Houston apartment REIT) sold 11 California apartment complexes totaling 3,260 units for $1.625 billion to a BlackRock investment fund, according to the company. Camden said it plans to redeploy proceeds into multifamily in Texas and other Sun Belt markets. The portfolio was 96% occupied and includes properties in Hollywood, Mission Viejo, Ontario, and San Diego.


