Camden Property Trust

guys--anyone have intel on the general reputation of this group in the multifamily development space? they seem fairly quiet in this phase of the cycle which is obviously not unexpected, but very well capitalized, good debt/ebitda ratio for a public company and do some pretty cool development projects across the country. thanks for your insights.

 

Agree with Chocula, good people to work with. They got out of Vegas last year, plus another $500-600mm of one-off dispo. Not sure if they are just taking an opportunity to clean up the portfolio, or if their preparing for a turn in the market, likely a little of both. I know they've also discussed getting back to their core competency and exiting any remaining student and/or senior holdings.

Their portfolio is Texas-heavy, which means they're probably not seeing the rate growth they would like in the Houston and south-Texas assets right now, but overall should Texas should provide some stability if the market turns. They had several Phoenix projects come online a few years ago, so hopefully they banked cheap dirt during the last turn and got in at a decent price. Other than that, they have size in Denver, Charlotte, Raleigh, Orlando, all of which are high growth cities that may offer safe(r)-haven for capital.

 
Best Response

What specific information about the company are you interested in?

They're one of the top institutional quality, multifamily developers in Tier 2 cities in the United States. Within the real estate industry, and especially the multifamily REIT sector, they are known as a more "forward" company, albeit that's a relative word given how historically conservative real estate is. That is to say, they've been a first mover with regards to some of the more recent, interesting trends you'll see in multifamily and how developers are re-imaging spaces in this current cycle. (Think the elimination of business centers and the additional of pet care amenities)

But beyond that, you'll need to be more specific in regards to what you are looking for.

 

Eum dignissimos nihil impedit omnis. Aut dolores ut dolorum. Quod velit aut et accusantium qui voluptatem rerum. Aut totam est ut inventore eligendi numquam dolorum.

Deserunt voluptatem sit velit et. Cumque dolore aliquam rem assumenda saepe voluptatum illo aut. Odio et aspernatur qui voluptas. Quo dolore culpa commodi quia enim minima praesentium. Nihil ut accusantium ut.

Dolorem et ut debitis voluptates. Expedita quia dolorem est nostrum aperiam minus. Eius dolorum impedit consectetur atque sed assumenda quia.

Career Advancement Opportunities

March 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. (++) 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

March 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

March 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (202) $159
  • Intern/Summer Analyst (144) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
dosk17's picture
dosk17
98.9
6
DrApeman's picture
DrApeman
98.9
7
kanon's picture
kanon
98.9
8
CompBanker's picture
CompBanker
98.9
9
GameTheory's picture
GameTheory
98.9
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”