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 167 operating properties in which we owned interests and operated at December 31, 2020 averaged 959 square feet of living area per apartment home. For the year ended December 31, 2020, 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 95% and 96% for the years ended December 31, 2020 and 2019, respectively, and an average monthly rental revenue per apartment home of $1,599 and $1,562 for the same periods, respectively. Our average resident lease terms are approximately fourteen months. At December 31, 2020, 150 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
2016-2020			20
2011-2015			23
2006-2010			35
2001-2005			31
1996-2000			42
Prior to 1996			16

Table of Contents

Property Table

The following table sets forth information with respect to our 167 operating properties at December 31, 2020:


	OPERATING PROPERTIES
Property and Location	Year Placed in Service	Average Apartment Size (Sq. Ft.)	Number of Apartments	2020 Average Occupancy (1)		2020 Average Monthly Rental Rate per Apartment (2)
ARIZONA
Phoenix/Scottsdale
Camden Chandler	2016	1,146	380	96.2	%	$	1,535
Camden Copper Square	2000	786	332	95.3		1,262
Camden Foothills	2014	1,032	220	95.9		1,754
Camden Legacy	1996	1,067	428	96.0		1,469
Camden Montierra	1999	1,071	249	96.1		1,477
Camden North End I (3)	2019	921	441	95.7		1,618
Camden Old Town Scottsdale	2016	892	316	95.5		1,760
Camden Pecos Ranch	2001	949	272	96.3		1,271
Camden San Marcos	1995	984	320	96.1		1,420
Camden San Paloma	1993/1994	1,042	324	95.6		1,425
Camden Sotelo	2008/2012	1,303	170	95.5		1,600
Camden Tempe (4)	2015	1,033	234	95.3		1,583
CALIFORNIA
Los Angeles/Orange County
Camden Crown Valley	2001	1,009	380	97.4		2,147
Camden Glendale	2015	893	307	93.7		2,447
Camden Harbor View (5)	2004	981	547	94.8		2,606
Camden Main and Jamboree	2008	1,011	290	95.4		2,164
Camden Martinique	1986	795	714	95.8		1,890
Camden Sea Palms	1990	891	138	96.8		2,171
The Camden	2016	767	287	93.0		3,070
San Diego/Inland Empire
Camden Landmark	2006	982	469	95.7		1,709
Camden Old Creek	2007	1,037	350	96.8		2,279
Camden Sierra at Otay Ranch	2003	962	422	94.9		2,120
Camden Tuscany	2003	895	160	94.1		2,654
Camden Vineyards	2002	1,053	264	96.9		1,848
COLORADO
Denver
Camden Belleview Station	2009	888	270	95.0		1,548
Camden Caley	2000	921	218	96.2		1,547
Camden Denver West	1997	1,015	320	96.0		1,852
Camden Flatirons	2015	960	424	95.6		1,700
Camden Highlands Ridge	1996	1,149	342	96.6		1,824
Camden Interlocken	1999	1,002	340	95.3		1,723
Camden Lakeway	1997	932	451	95.7		1,648
Camden Lincoln Station	2017	844	267	95.2		1,619
Camden RiNo (6)	2020	828	233	Lease-up		1,929

Table of Contents


	OPERATING PROPERTIES
Property and Location	Year Placed in Service	Average Apartment Size (Sq. Ft.)	Number of Apartments	2020 Average Occupancy (1)		2020 Average Monthly Rental Rate per Apartment (2)
WASHINGTON DC METRO
Camden Ashburn Farm	2000	1,062	162	96.8	%	$	1,767
Camden College Park	2008	942	508	96.6		1,655
Camden Dulles Station	2009	977	382	96.4		1,869
Camden Fair Lakes	1999	1,056	530	96.5		1,916
Camden Fairfax Corner	2006	934	489	96.3		2,000
Camden Fallsgrove	2004	996	268	96.4		1,856
Camden Grand Parc	2002	672	105	93.6		2,601
Camden Lansdowne	2002	1,006	690	97.2		1,735
Camden Largo Town Center	2000/2007	1,027	245	97.1		1,721
Camden Monument Place	2007	856	368	96.1		1,711
Camden NoMa	2014	769	321	95.5		2,267
Camden NoMa II	2017	759	405	95.2		2,361
Camden Potomac Yard (5)	2008	832	378	94.3		2,092
Camden Roosevelt	2003	856	198	93.7		2,941
Camden Russett	2000	992	426	97.2		1,556
Camden Shady Grove	2018	877	457	95.7		1,798
Camden Silo Creek	2004	975	284	97.4		1,724
Camden South Capitol (7)	2013	821	281	95.6		2,348
Camden Washingtonian	2018	870	365	96.2		1,791
FLORIDA
Southeast Florida
Camden Aventura	1995	1,108	379	95.3		1,982
Camden Boca Raton	2014	843	261	95.3		1,976
Camden Brickell (5)	2003	937	405	93.6		2,140
Camden Doral	1999	1,120	260	96.8		1,952
Camden Doral Villas	2000	1,253	232	96.7		2,112
Camden Las Olas (5)	2004	1,043	420	94.7		2,110
Camden Plantation	1997	1,201	502	96.9		1,721
Camden Portofino	1995	1,112	322	97.2		1,799
Orlando
Camden Hunter’s Creek	2000	1,075	270	96.0		1,478
Camden Lago Vista	2005	955	366	95.6		1,365
Camden LaVina	2012	969	420	96.1		1,378
Camden Lee Vista	2000	937	492	95.3		1,343
Camden North Quarter	2016	806	333	94.4		1,552
Camden Orange Court	2008	817	268	94.8		1,370
Camden Thornton Park	2016	920	299	87.9		1,781
Camden Town Square	2012	983	438	95.4		1,408
Camden Waterford Lakes (7)	2014	971	300	95.6		1,461
Camden World Gateway	2000	979	408	96.2		1,409
Tampa/St. Petersburg
Camden Bay	1997/2001	943	760	96.1		1,281

Table of Contents


	OPERATING PROPERTIES
Property and Location	Year Placed in Service	Average Apartment Size (Sq. Ft.)	Number of Apartments	2020 Average Occupancy (1)		2020 Average Monthly Rental Rate per Apartment (2)
Camden Montague	2012	972	192	97.1	%	$	1,362
Camden Pier District	2016	989	358	94.8		2,547
Camden Preserve	1996	942	276	94.5		1,492
Camden Royal Palms	2006	1,017	352	96.2		1,279
Camden Visconti (7)	2007	1,125	450	95.3		1,436
Camden Westchase Park	2012	992	348	97.1		1,470
GEORGIA
Atlanta
Camden Brookwood	2002	916	359	95.1		1,462
Camden Buckhead Square	2015	827	250	95.5		1,568
Camden Creekstone	2002	990	223	96.9		1,408
Camden Deerfield	2000	1,187	292	95.5		1,469
Camden Dunwoody	1997	1,007	324	96.4		1,392
Camden Fourth Ward	2014	844	276	96.6		1,749
Camden Midtown Atlanta	2001	935	296	96.4		1,551
Camden Paces	2015	1,408	379	95.1		2,643
Camden Peachtree City	2001	1,027	399	96.1		1,355
Camden Phipps (7)	1996	1,016	234	95.8		1,600
Camden Shiloh	1999/2002	1,143	232	96.2		1,343
Camden St. Clair	1997	999	336	96.5		1,396
Camden Stockbridge	2003	1,009	304	97.3		1,200
Camden Vantage	2010	901	592	94.2		1,480
NORTH CAROLINA
Charlotte
Camden Ballantyne	1998	1,048	400	95.4		1,303
Camden Cotton Mills	2002	905	180	94.5		1,502
Camden Dilworth	2006	857	145	92.2		1,497
Camden Fairview	1983	1,036	135	95.2		1,223
Camden Foxcroft	1979	940	156	95.2		1,100
Camden Foxcroft II	1985	874	100	96.7		1,222
Camden Gallery	2017	743	323	95.0		1,606
Camden Grandview	2000	1,059	266	96.7		1,713
Camden Grandview II (3)	2019	2,241	28	95.1		3,401
Camden Sedgebrook	1999	972	368	96.1		1,172
Camden South End	2003	878	299	95.4		1,502
Camden Southline (7)	2015	831	266	95.2		1,610
Camden Stonecrest	2001	1,098	306	95.7		1,358
Camden Touchstone	1986	899	132	97.2		1,117
Raleigh
Camden Asbury Village (7)	2009	1,009	350	96.2		1,281
Camden Carolinian (6)	2017	1,118	186	Lease-Up		2,338
Camden Crest	2001	1,014	438	96.9		1,109
Camden Governor’s Village	1999	1,046	242	97.3		1,165

Table of Contents


	OPERATING PROPERTIES
Property and Location	Year Placed in Service	Average Apartment Size (Sq. Ft.)	Number of Apartments	2020 Average Occupancy (1)		2020 Average Monthly Rental Rate per Apartment (2)
Camden Lake Pine	1999	1,066	446	96.9	%	$	1,222
Camden Manor Park	2006	966	484	96.1		1,218
Camden Overlook	2001	1,061	320	95.6		1,317
Camden Reunion Park	2000/2004	972	420	95.4		1,108
Camden Westwood	1999	1,027	354	93.6		1,171
TEXAS
Austin
Camden Amber Oaks (7)	2009	862	348	96.9		1,159
Camden Amber Oaks II (7)	2012	910	244	95.8		1,228
Camden Brushy Creek (7)	2008	882	272	96.3		1,233
Camden Cedar Hills	2008	911	208	96.3		1,354
Camden Gaines Ranch	1997	955	390	96.8		1,501
Camden Huntingdon	1995	903	398	95.1		1,230
Camden La Frontera	2015	901	300	96.0		1,283
Camden Lamar Heights	2015	838	314	94.9		1,559
Camden Rainey Street	2016	873	326	92.0		2,106
Camden Shadow Brook (7)	2009	909	496	96.6		1,221
Camden Stoneleigh	2001	908	390	96.5		1,342

Dallas/Fort Worth
Camden Addison	1996	942	456	95.0		1,279
Camden Belmont	2010/2012	946	477	94.9		1,482
Camden Buckingham	1997	919	464	95.5		1,269
Camden Centreport	1997	912	268	96.4		1,235
Camden Cimarron	1992	772	286	95.9		1,265
Camden Design District (7)	2009	939	355	94.9		1,427
Camden Farmers Market	2001/2005	932	904	94.9		1,380
Camden Henderson	2012	966	106	96.2		1,551
Camden Legacy Creek	1995	831	240	96.8		1,330
Camden Legacy Park	1996	870	276	95.3		1,319
Camden Panther Creek (7)	2009	946	295	96.3		1,310
Camden Riverwalk (7)	2008	989	600	95.9		1,492
Camden Valley Park	1986	743	516	95.7		1,109
Camden Victory Park	2016	861	423	95.4		1,696
Houston
Camden City Centre	2007	932	379	93.4		1,504
Camden City Centre II	2013	869	268	92.5		1,496
Camden Cypress Creek I (7)	2009	993	310	95.0		1,347
Camden Cypress Creek II (6) (7)	2020	950	234	Lease-up		1,356
Camden Downs at Cinco Ranch (7)	2004	1,075	318	95.5		1,294
Camden Downtown I (6)	2020	1,052	271	Lease-Up		2,647
Camden Grand Harbor (7)	2008	959	300	95.8		1,206
Camden Greenway	1999	861	756	94.1		1,394
Camden Heights (7)	2004	927	352	93.7		1,536

Table of Contents


	OPERATING PROPERTIES
Property and Location	Year Placed in Service	Average Apartment Size (Sq. Ft.)	Number of Apartments	2020 Average Occupancy (1)		2020 Average Monthly Rental Rate per Apartment (2)
Camden Highland Village	2014/2015	1,175	552	86.3	%	$	2,297
Camden Holly Springs	1999	934	548	95.2		1,243
Camden McGowen Station	2018	1,004	315	90.7		2,025
Camden Midtown	1999	844	337	91.9		1,509
Camden Northpointe (7)	2008	940	384	95.9		1,163
Camden Oak Crest	2003	870	364	94.5		1,145
Camden Park	1995	866	288	95.7		1,116
Camden Plaza	2007	915	271	94.6		1,609
Camden Post Oak	2003	1,200	356	95.0		2,443
Camden Royal Oaks	2006	923	236	94.0		1,385
Camden Royal Oaks II	2012	1,054	104	97.1		1,620
Camden Spring Creek (7)	2004	1,080	304	94.8		1,242
Camden Stonebridge	1993	845	204	95.2		1,125
Camden Sugar Grove	1997	921	380	95.8		1,207
Camden Travis Street	2010	819	253	93.5		1,472
Camden Vanderbilt	1996/1997	863	894	90.4		1,404
Camden Whispering Oaks	2008	936	274	95.4		1,258
Camden Woodson Park (7)	2008	916	248	93.7		1,201
Camden Yorktown (7)	2008	995	306	94.0		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)*Development property stabilized during 2020 - the average occupancy was calculated from the date at which the occupancy exceeded 90% through December 31, 2020.

*(4)*Property formerly known as Camden Hayden.

*(5)*Property completed redevelopment as of December 31, 2020.

*(6)*Property under lease-up at December 31, 2020.

*(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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