Item 2. Properties

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Item 2. Properties

The Properties

Our properties typically consist of mid-rise buildings or two and three story buildings in a landscaped setting, as well as high-rise buildings, and provide residents with a variety of amenities common to multifamily rental properties.

Operating Properties (including properties held through unconsolidated joint ventures)

The 164 operating properties in which we owned interests and operated at December 31, 2019 averaged 959 square feet of living area per apartment home. For the year ended December 31, 2019, no single operating property accounted for greater than 1.5% of our total revenues. Our stabilized operating properties had a weighted average occupancy rate of approximately 96% for each of the years ended December 31, 2019 and 2018 and an average monthly rental revenue per apartment home of $1,562 and $1,502 for the same periods, respectively. Resident lease terms generally range from twelve to fifteen months. At December 31, 2019, 147 of our operating properties had over 200 apartment homes, with the largest having 904 apartment homes. Our operating properties were constructed and placed in service as follows:



Year Placed in Service	Number of Operating Properties
2015-2019	25
2010-2014	18
2005-2009	33
2000-2004	42
1995-1999	36
Prior to 1995	10

Property Table

The following table sets forth information with respect to our 164 operating properties at December 31, 2019:



	OPERATING PROPERTIES
Property and Location	Year Placed in Service	Average Apartment Size (Sq. Ft.)	Number of Apartments	2019 Average Occupancy (1)		2019 Average Monthly Rental Rate per Apartment (2)
ARIZONA
Phoenix/Scottsdale
Camden Chandler	2016	1,146	380	95.7	%	$	1,462
Camden Copper Square	2000	786	332	96.4		1,223
Camden Foothills	2014	1,032	220	95.8		1,682
Camden Hayden	2015	1,043	234	94.9		1,527
Camden Legacy	1996	1,067	428	95.0		1,384
Camden Montierra	1999	1,071	249	96.8		1,412
Camden North End (3)	2019	921	441	Lease-Up		1,607
Camden Old Town Scottsdale (4)	2016	890	316	94.1		1,719

Table of Contents



	OPERATING PROPERTIES
Property and Location	Year Placed in Service	Average Apartment Size (Sq. Ft.)	Number of Apartments	2019 Average Occupancy (1)		2019 Average Monthly Rental Rate per Apartment (2)
Camden Pecos Ranch	2001	924	272	96.6	%	$	1,199
Camden San Marcos	1995	984	320	97.2		1,337
Camden San Paloma	1993/1994	1,042	324	96.9		1,352
Camden Sotelo	2008/2012	1,303	170	95.6		1,551
CALIFORNIA
Los Angeles/Orange County
Camden Crown Valley	2001	1,009	380	96.8		2,119
Camden Glendale	2015	882	303	95.2		2,486
Camden Harbor View (5)	2004	981	546	94.7		2,659
Camden Main and Jamboree	2008	1,011	290	96.3		2,133
Camden Martinique	1986	795	714	96.2		1,858
Camden Sea Palms	1990	891	138	96.1		2,169
The Camden	2016	768	287	95.5		3,202
San Diego/Inland Empire
Camden Landmark	2006	982	469	95.6		1,672
Camden Old Creek	2007	1,037	350	96.7		2,235
Camden Sierra at Otay Ranch	2003	962	422	94.2		2,053
Camden Tuscany	2003	896	160	95.1		2,643
Camden Vineyards	2002	1,053	264	96.4		1,808
COLORADO
Denver
Camden Belleview Station	2009	888	270	95.9		1,507
Camden Caley	2000	925	218	94.9		1,516
Camden Denver West	1997	1,015	320	96.7		1,794
Camden Flatirons	2015	960	424	96.1		1,670
Camden Highlands Ridge	1996	1,149	342	95.3		1,784
Camden Interlocken	1999	1,010	340	95.9		1,693
Camden Lakeway	1997	932	451	95.4		1,595
Camden Lincoln Station	2017	844	267	96.3		1,602
WASHINGTON DC METRO
Camden Ashburn Farm	2000	1,062	162	97.3		1,736
Camden College Park	2008	942	508	96.4		1,614
Camden Dulles Station	2009	978	382	97.2		1,806
Camden Fair Lakes	1999	1,056	530	96.8		1,875
Camden Fairfax Corner	2006	934	489	96.7		1,946
Camden Fallsgrove	2004	996	268	96.7		1,810
Camden Grand Parc	2002	672	105	95.9		2,564
Camden Lansdowne	2002	1,006	690	96.8		1,685
Camden Largo Town Center	2000/2007	1,027	245	96.1		1,684
Camden Monument Place	2007	856	368	96.6		1,669
Camden NoMa	2014	770	321	96.4		2,268
Camden NoMa II	2017	759	405	95.7		2,349
Camden Potomac Yard (5)	2008	835	378	95.7		2,057

Table of Contents



	OPERATING PROPERTIES
Property and Location	Year Placed in Service	Average Apartment Size (Sq. Ft.)	Number of Apartments	2019 Average Occupancy (1)		2019 Average Monthly Rental Rate per Apartment (2)
Camden Roosevelt	2003	856	198	95.5	%	$	2,893
Camden Russett	2000	992	426	95.9		1,511
Camden Shady Grove (6)	2018	877	457	95.8		1,739
Camden Silo Creek	2004	975	284	97.2		1,672
Camden South Capitol (7)	2013	821	281	96.4		2,324
Camden Washingtonian (6)	2018	871	365	96.3		1,718
FLORIDA
Southeast Florida
Camden Aventura	1995	1,108	379	95.7		1,987
Camden Boca Raton	2014	843	261	96.4		1,964
Camden Brickell (5)	2003	937	405	94.5		2,123
Camden Doral	1999	1,120	260	97.3		1,958
Camden Doral Villas	2000	1,253	232	97.0		2,092
Camden Las Olas (5)	2004	1,043	420	93.8		2,093
Camden Plantation	1997	1,201	502	96.4		1,709
Camden Portofino	1995	1,112	322	96.6		1,776
Orlando
Camden Hunter’s Creek	2000	1,075	270	97.0		1,466
Camden Lago Vista	2005	955	366	96.9		1,346
Camden LaVina	2012	970	420	95.9		1,364
Camden Lee Vista	2000	937	492	95.9		1,296
Camden North Quarter	2016	806	333	95.2		1,576
Camden Orange Court	2008	817	268	96.0		1,376
Camden Thornton Park	2016	920	299	95.1		1,882
Camden Town Square	2012	983	438	96.8		1,404
Camden Waterford Lakes (7)	2014	971	300	96.1		1,454
Camden World Gateway	2000	979	408	96.8		1,360
Tampa/St. Petersburg
Camden Bay	1997/2001	943	760	95.5		1,234
Camden Montague	2012	975	192	96.4		1,358
Camden Pier District	2016	989	358	96.1		2,490
Camden Preserve	1996	942	276	95.2		1,459
Camden Royal Palms	2006	1,017	352	95.9		1,244
Camden Visconti (7)	2007	1,125	450	95.7		1,377
Camden Westchase Park	2012	992	348	96.9		1,454
GEORGIA
Atlanta
Camden Brookwood	2002	912	359	95.9		1,432
Camden Buckhead Square	2015	827	250	95.9		1,589
Camden Creekstone	2002	990	223	97.0		1,385
Camden Deerfield	2000	1,187	292	95.9		1,432
Camden Dunwoody	1997	1,007	324	96.5		1,363
Camden Fourth Ward	2014	847	276	97.2		1,730

Table of Contents



	OPERATING PROPERTIES
Property and Location	Year Placed in Service	Average Apartment Size (Sq. Ft.)	Number of Apartments	2019 Average Occupancy (1)		2019 Average Monthly Rental Rate per Apartment (2)
Camden Midtown Atlanta	2001	935	296	96.4	%	$	1,532
Camden Paces	2015	1,407	379	96.1		2,724
Camden Peachtree City	2001	1,027	399	96.7		1,320
Camden Phipps (7)	1996	1,018	234	95.8		1,563
Camden Shiloh	1999/2002	1,143	232	97.1		1,325
Camden St. Clair	1997	999	336	96.0		1,376
Camden Stockbridge	2003	1,009	304	96.1		1,135
Camden Vantage	2010	901	592	95.6		1,462
NORTH CAROLINA
Charlotte
Camden Ballantyne	1998	1,048	400	95.9		1,290
Camden Cotton Mills	2002	905	180	95.8		1,485
Camden Dilworth	2006	857	145	95.9		1,467
Camden Fairview	1983	1,036	135	96.6		1,204
Camden Foxcroft	1979	940	156	96.9		1,073
Camden Foxcroft II	1985	874	100	96.4		1,183
Camden Gallery	2017	743	323	96.2		1,583
Camden Grandview	2000	1,059	266	96.1		1,685
Camden Grandview II (3)	2019	2,242	28	Lease-Up		3,968
Camden Sedgebrook	1999	972	368	96.7		1,141
Camden South End	2003	882	299	94.8		1,454
Camden Southline (7)	2015	831	266	96.4		1,572
Camden Stonecrest	2001	1,098	306	96.4		1,324
Camden Touchstone	1986	899	132	96.4		1,091
Raleigh
Camden Asbury Village (7)	2009	1,009	350	96.0		1,249
Camden Carolinian (3)(4)	2017	1,118	186	Lease-Up		2,331
Camden Crest	2001	1,013	438	97.1		1,068
Camden Governor’s Village	1999	1,046	242	96.1		1,112
Camden Lake Pine	1999	1,066	446	96.6		1,189
Camden Manor Park	2006	966	484	96.1		1,168
Camden Overlook	2001	1,060	320	96.5		1,278
Camden Reunion Park	2000/2004	972	420	95.2		1,079
Camden Westwood	1999	1,027	354	92.8		1,120
TEXAS
Austin
Camden Amber Oaks (7)	2009	862	348	96.5		1,121
Camden Amber Oaks II (7)	2012	910	244	96.3		1,178
Camden Brushy Creek (7)	2008	882	272	96.4		1,184
Camden Cedar Hills	2008	911	208	95.7		1,298
Camden Gaines Ranch	1997	955	390	96.8		1,459
Camden Huntingdon	1995	903	398	96.5		1,200

Table of Contents



	OPERATING PROPERTIES
Property and Location	Year Placed in Service	Average Apartment Size (Sq. Ft.)	Number of Apartments	2019 Average Occupancy (1)		2019 Average Monthly Rental Rate per Apartment (2)
Camden La Frontera	2015	901	300	95.7	%	$	1,256
Camden Lamar Heights	2015	838	314	95.7		1,528
Camden Rainey Street (4)	2016	873	326	94.3		2,264
Camden Shadow Brook (7)	2009	909	496	95.6		1,179
Camden Stoneleigh	2001	908	390	97.0		1,305
Dallas/Fort Worth
Camden Addison	1996	942	456	96.9		1,253
Camden Belmont	2010/2012	945	477	95.5		1,472
Camden Buckingham	1997	919	464	96.3		1,249
Camden Centreport	1997	911	268	96.2		1,209
Camden Cimarron	1992	772	286	96.7		1,244
Camden Design District (7)	2009	939	355	95.8		1,405
Camden Farmers Market	2001/2005	932	904	95.0		1,374
Camden Henderson	2012	967	106	97.0		1,541
Camden Legacy Creek	1995	831	240	96.7		1,303
Camden Legacy Park	1996	871	276	96.0		1,299
Camden Panther Creek (7)	2009	946	295	96.5		1,267
Camden Riverwalk (7)	2008	982	600	95.9		1,485
Camden Valley Park	1986	743	516	96.7		1,093
Camden Victory Park	2016	861	423	96.3		1,665
Houston
Camden City Centre	2007	932	379	94.2		1,500
Camden City Centre II	2013	868	268	95.7		1,515
Camden Cypress Creek (7)	2009	993	310	96.2		1,326
Camden Downs at Cinco Ranch (7)	2004	1,075	318	95.8		1,269
Camden Grand Harbor (7)	2008	959	300	95.2		1,188
Camden Greenway	1999	861	756	96.2		1,399
Camden Heights (7)	2004	927	352	95.3		1,503
Camden Highland Village (4)	2014/2015	1,175	552	88.0		2,438
Camden Holly Springs	1999	934	548	95.9		1,235
Camden McGowen Station (6)	2018	1,007	315	95.2		2,092
Camden Midtown	1999	844	337	95.3		1,547
Camden Northpointe (7)	2008	940	384	96.2		1,147
Camden Oak Crest	2003	870	364	96.1		1,136
Camden Park	1995	866	288	95.8		1,106
Camden Plaza	2007	915	271	94.4		1,594
Camden Post Oak	2003	1,200	356	95.3		2,460
Camden Royal Oaks	2006	923	236	93.6		1,366
Camden Royal Oaks II	2012	1,054	104	97.6		1,593
Camden Spring Creek (7)	2004	1,080	304	95.4		1,238
Camden Stonebridge	1993	845	204	95.8		1,116
Camden Sugar Grove	1997	921	380	95.4		1,200

Table of Contents



	OPERATING PROPERTIES
Property and Location	Year Placed in Service	Average Apartment Size (Sq. Ft.)	Number of Apartments	2019 Average Occupancy (1)		2019 Average Monthly Rental Rate per Apartment (2)
Camden Travis Street	2010	819	253	96.6	%	$	1,489
Camden Vanderbilt	1996/1997	863	894	96.1		1,437
Camden Whispering Oaks	2008	934	274	94.9		1,244
Camden Woodson Park (7)	2008	916	248	94.4		1,213
Camden Yorktown (7)	2008	995	306	95.7		1,188


(1)	Represents the average physical occupancy for the year except as noted.


(2)	The average monthly rental rate per apartment incorporates vacant units and resident concessions calculated on a straight-line basis over the life of the lease.


(3)	Property under lease-up at December 31, 2019.


(4)	Property acquired in 2019 - the average occupancy was calculated from the date the property was acquired.


(5)	Property under redevelopment at December 31, 2019.


(6)	Development property stabilized during 2019 - the average occupancy was calculated from the date at which the occupancy exceeded 90% through December 31, 2019.


(7)	Property owned through an unconsolidated joint venture in which we own a 31.3% interest. The remaining interest is owned by an unaffiliated third-party.

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