Camden history

Then, in late 1983, someone decided he could unload the condos through syndicated partnerships." Century was the most aggressive of the syndicates, pitching the idea that investors could enjoy federal tax breaks in the near term, then receive a big payoff when the Houston economy rebounded.

Congress passed the Tax Reform Act of 1986 that gutted the tax breaks on which the plan hinged.

The company was structured as an REIT and completed an initial public offering in 1993.

Determined to be one of the chosen, Camden had grown aggressively since going public, so that by the end of 1996 it owned more than 19,000 apartments in Texas and Arizona, although most of its properties were still located in Houston.

It also closed 1997 by reaching agreement on another major acquisition, paying $53 million in stock and assuming $451 million in debt to add Las Vegas-based Oasis Residential Inc.

When the deal closed in April 1998, Camden added another 15,000 apartments, giving the REIT more than 51,000 units and a significant presence in Nevada, Colorado, and California markets.

Launch of Branding Strategy in 2000

2005 Summit Properties Inc. is acquired.

As of the end of fiscal 2014, the company had 181 multifamily properties comprised of 63,163 apartment homes across the United States.