Apartment Vacancies Reach 23-Year High Oct 7, 2009
"When job losses stop, rents will firm and occupancies will firm," says Richard Campo, chief executive of Camden Property Trust, a Houston-based real-estate company. Here are cities with the biggest declines in rents in the previous 12 months. (Realtor Magazine Online)
REITs advised to recap in the equity market before rally is over Apr 28, 2009
34% debt-to-capital ratio and a total of USD 310m in maturities for the same period; Camden Property Trust (NYSE: CPT) with a 59. 88% debt-to-capital ratio and a total of USD 1. (FT.com -- Markets)
Landlords Wooing Back Foreclosed Tenants Apr 16, 2009
Companies like Camden Property Trust, which leases 181 properties with 62,903 units, many of them in the Las Vegas area, buys lists of owners' names about to lose their homes and markets directly to them. Associated Estate Realty Corp., which owns more than 13,000 units in nine states, doesn t even require tenants leaving behind foreclosures to put up an additional security deposit if their record of paying their other bills is good. (Realtor Magazine Online)
Canadian Stocks Fall to 5-Year Low as Research In Motion, Manulife Drop Mar 7, 2009
Standard & Poors cut the credit rating for Camden Property Trust and First Industrial Realty Trust and put nine others on watch for possible downgrades. the owner and manager of about 200 senior housing communities in the U.S. and Canada, slid 11 percent to C$3. (Bloomberg -- Canada)
