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

The 174 operating properties in which we owned interests and operated at December 31, 2024 averaged 965 square feet of living area per apartment home. For the year ended December 31, 2024, no single operating property accounted for greater than 1.3% of our total revenues. Our stabilized operating properties had a weighted average occupancy rate of approximately 95% for each of the years ended December 31, 2024 and 2023, an average monthly rental rate per apartment home of $1,997 and $1,981 for the same periods, respectively and our average resident lease terms are approximately fourteen months. Our operating properties were constructed and placed in service as follows:


Year Placed in Service			Number of Operating Properties
2020-2024			13
2015-2019			29
2010-2014			17
2005-2009			33
2000-2004			39
Prior to 2000			43

Property Table

Table of Contents

The following table sets forth information with respect to our 174 operating properties at December 31, 2024:


	OPERATING PROPERTIES
Property and Location	Year Placed in Service	Average Apartment Size (Sq. Ft.)	Number of Apartments	2024 Average Occupancy (1)		2024 Average Monthly Rental Rate per Apartment (2)
ARIZONA
Phoenix/Scottsdale
Camden Chandler	2016	1,146	380	95.7	%	$	1,947
Camden Copper Square	2000	786	332	94.2		1,664
Camden Foothills	2014	1,032	220	96.0		2,156
Camden Legacy	1996	1,067	428	95.5		2,031
Camden Montierra	1999	1,071	249	94.6		1,973
Camden North End	2019	921	441	95.2		2,022
Camden North End II	2021	885	343	95.0		2,051
Camden Old Town Scottsdale	2016	892	316	95.2		2,258
Camden Pecos Ranch	2001	949	272	94.6		1,699
Camden San Marcos	1995	984	320	94.5		1,893
Camden San Paloma	1993/1994	1,042	324	94.7		2,026
Camden Sotelo	2008/2012	1,303	170	93.8		2,033
Camden Tempe	2015	1,043	234	94.3		1,947
Camden Tempe II	2023	981	397	93.1		1,909
CALIFORNIA
Los Angeles/Orange County
Camden Crown Valley	2001	1,009	380	95.8		2,764
Camden Glendale	2015	893	307	96.3		2,859
Camden Harbor View	2004/2016	981	547	89.6		2,950
Camden Main and Jamboree	2008	1,011	290	96.3		2,723
The Camden	2016	767	287	92.3		2,997
San Diego/Inland Empire
Camden Hillcrest	2021	1,223	132	93.7		3,665
Camden Landmark	2006	982	469	95.8		2,269
Camden Old Creek	2007	1,037	350	97.2		2,953
Camden Sierra at Otay Ranch	2003	962	422	95.8		2,860
Camden Tuscany	2003	895	160	95.4		3,241
Camden Vineyards	2002	1,053	264	95.0		2,509
COLORADO
Denver
Camden Belleview Station	2009	888	270	96.4		1,967
Camden Caley	2000	921	218	96.8		1,974
Camden Denver West	1997	1,015	320	96.6		2,318
Camden Flatirons	2015	960	424	96.8		2,074
Camden Highlands Ridge	1996	1,149	342	96.2		2,348
Camden Interlocken	1999	1,002	340	96.4		2,130
Camden Lakeway	1997	929	459	96.2		2,089
Camden Lincoln Station	2017	844	267	96.3		1,907

Table of Contents


	OPERATING PROPERTIES
Property and Location	Year Placed in Service	Average Apartment Size (Sq. Ft.)	Number of Apartments	2024 Average Occupancy (1)		2024 Average Monthly Rental Rate per Apartment (2)
Camden RiNo	2020	828	233	95.1	%	$	2,244
WASHINGTON DC METRO
Camden Ashburn Farm	2000	1,062	162	98.0		2,204
Camden College Park	2008	942	509	96.3		1,920
Camden Dulles Station	2009	977	382	97.5		2,302
Camden Fair Lakes	1999	1,056	530	97.1		2,325
Camden Fairfax Corner	2006	934	489	96.9		2,314
Camden Fallsgrove	2004	996	268	96.5		2,227
Camden Grand Parc	2002	672	105	94.9		2,820
Camden Lansdowne	2002	1,006	690	97.2		2,234
Camden Monument Place	2007	856	368	97.7		2,085
Camden NoMa	2014	769	321	95.8		2,319
Camden NoMa II	2017	759	405	96.3		2,387
Camden Potomac Yard	2008	832	378	96.8		2,377
Camden Roosevelt	2003	856	198	96.6		3,242
Camden Shady Grove	2018	877	457	96.5		2,113
Camden Silo Creek	2004	975	284	97.5		2,221
Camden South Capitol	2013	821	281	94.7		2,466
Camden Washingtonian	2018	870	365	96.9		2,164
FLORIDA
Southeast Florida
Camden Atlantic	2022	919	269	96.8		2,484
Camden Aventura	1995	1,108	379	95.7		2,756
Camden Boca Raton	2014	843	261	96.9		2,635
Camden Brickell	2003	937	405	97.0		2,996
Camden Doral	1999	1,120	260	95.7		2,688
Camden Doral Villas	2000	1,253	232	96.6		2,945
Camden Las Olas	2004	1,043	420	94.9		2,804
Camden Plantation	1997	1,201	502	95.4		2,444
Camden Portofino	1995	1,112	322	95.9		2,469
Orlando
Camden Hunter’s Creek	2000	1,075	270	96.1		1,936
Camden Lago Vista	2005	955	366	95.9		1,819
Camden Lake Eola	2021	944	360	96.0		2,424
Camden LaVina	2012	969	420	95.2		1,881
Camden Lee Vista	2000	937	492	95.5		1,846
Camden North Quarter	2016	806	333	96.5		1,890
Camden Orange Court	2008	817	268	95.1		1,761
Camden Thornton Park	2016	920	299	95.9		2,098
Camden Town Square	2012	983	438	94.3		1,874
Camden Waterford Lakes	2014	971	300	96.7		1,914
Camden World Gateway	2000	979	408	93.5		1,867

Table of Contents


	OPERATING PROPERTIES
Property and Location	Year Placed in Service	Average Apartment Size (Sq. Ft.)	Number of Apartments	2024 Average Occupancy (1)		2024 Average Monthly Rental Rate per Apartment (2)
Tampa/St. Petersburg
Camden Bay	1997/2001	943	760	96.6	%	$	1,885
Camden Central	2019	942	368	96.8		3,378
Camden Montague	2012	972	192	96.4		1,897
Camden Pier District	2016	989	358	96.7		3,507
Camden Preserve	1996	942	276	96.5		2,078
Camden Royal Palms	2006	1,017	352	93.3		1,785
Camden Visconti	2007	1,125	450	95.6		2,041
Camden Westchase Park	2012	992	348	96.3		2,107
GEORGIA
Atlanta
Camden Brookwood	2002	916	359	94.2		1,675
Camden Buckhead	2022	1,087	366	89.5		2,549
Camden Buckhead Square	2015	827	250	93.8		1,764
Camden Creekstone	2002	990	223	96.5		1,704
Camden Deerfield	2000	1,187	292	96.9		1,965
Camden Dunwoody	1997	1,007	324	94.8		1,763
Camden Fourth Ward	2014	844	276	96.6		2,045
Camden Midtown Atlanta	2001	935	296	93.3		1,765
Camden Paces	2015	1,408	379	94.6		2,888
Camden Peachtree City	2001	1,027	399	95.9		1,784
Camden Phipps	1996	1,010	234	77.5		1,761
Camden Shiloh	1999/2002	1,143	232	95.7		1,702
Camden St. Clair	1997	999	336	93.6		1,749
Camden Stockbridge	2003	1,009	304	93.6		1,541
NORTH CAROLINA
Charlotte
Camden Ballantyne	1998	1,048	400	93.4		1,744
Camden Cotton Mills	2002	905	180	94.6		1,753
Camden Dilworth	2006	857	145	96.0		1,827
Camden Fairview	1983	1,036	135	93.2		1,548
Camden Foxcroft	1979	940	156	93.7		1,438
Camden Foxcroft II	1985	874	100	96.4		1,525
Camden Gallery	2017	743	323	95.4		1,972
Camden Grandview	2000	1,060	285	93.4		2,147
Camden Grandview II	2019	2,241	28	93.2		4,149
Camden NoDa (3)	2023	789	387	96.3		1,664
Camden Sedgebrook	1999	972	368	95.9		1,621
Camden South End	2003	878	299	95.5		1,893
Camden Southline	2015	831	266	95.7		2,042
Camden Stonecrest	2001	1,098	306	94.2		1,744
Camden Touchstone	1986	899	132	95.4		1,449

Table of Contents


	OPERATING PROPERTIES
Property and Location	Year Placed in Service	Average Apartment Size (Sq. Ft.)	Number of Apartments	2024 Average Occupancy (1)		2024 Average Monthly Rental Rate per Apartment (2)
Raleigh
Camden Asbury Village	2009	1,009	350	96.0	%	$	1,619
Camden Carolinian	2017	1,118	186	93.4		2,321
Camden Crest	2001	1,012	442	94.4		1,514
Camden Durham (4)	2024	892	420	Lease-up		1,909
Camden Governor’s Village	1999	1,046	242	94.3		1,652
Camden Lake Pine	1999	1,066	446	96.6		1,611
Camden Manor Park	2006	966	484	95.1		1,544
Camden Overlook	2001	1,060	322	94.8		1,657
Camden Reunion Park	2000/2004	972	420	95.0		1,455
Camden Westwood	1999	1,022	360	95.7		1,560
TENNESSEE
Nashville
Camden Franklin Park	2018	967	328	93.9		2,052
Camden Music Row	2016	903	430	94.4		2,393
TEXAS
Austin
Camden Amber Oaks	2009	862	348	94.8		1,465
Camden Amber Oaks II	2012	910	244	94.4		1,551
Camden Brushy Creek	2008	882	272	94.4		1,539
Camden Cedar Hills	2008	911	208	96.4		1,691
Camden Gaines Ranch	1997	955	390	94.2		1,893
Camden Huntingdon	1995	903	398	95.4		1,580
Camden La Frontera	2015	901	300	94.8		1,599
Camden Lamar Heights	2015	838	314	94.6		1,786
Camden Rainey Street	2016	873	326	85.3		2,039
Camden Shadow Brook	2009	909	496	90.9		1,448
Camden Stoneleigh	2001	908	390	94.0		1,676
Dallas/Fort Worth
Camden Addison	1996	942	456	95.3		1,582
Camden Belmont	2010/2012	946	477	93.5		1,808
Camden Buckingham	1997	919	464	95.6		1,542
Camden Centreport	1997	912	268	95.3		1,523
Camden Cimarron	1992	772	286	95.8		1,574
Camden Design District	2009	939	355	95.6		1,694
Camden Farmers Market	2001/2005	932	904	93.0		1,572
Camden Greenville	2017/2018	1,028	558	95.4		2,068
Camden Henderson	2012	966	106	95.6		1,971
Camden Legacy Creek	1995	831	240	96.3		1,671
Camden Legacy Park	1996	870	276	94.6		1,755
Camden Panther Creek	2009	946	295	93.9		1,733
Camden Riverwalk	2008	989	600	96.2		1,879
Camden Valley Park	1986	743	516	95.0		1,428

Table of Contents


	OPERATING PROPERTIES
Property and Location	Year Placed in Service	Average Apartment Size (Sq. Ft.)	Number of Apartments	2024 Average Occupancy (1)		2024 Average Monthly Rental Rate per Apartment (2)
Camden Victory Park	2016	861	423	96.1	%	$	2,023
Houston
Camden City Centre	2007	932	379	94.7		1,611
Camden City Centre II	2013	869	268	95.2		1,565
Camden Cypress Creek	2009	993	310	95.2		1,559
Camden Cypress Creek II	2020	950	234	94.6		1,602
Camden Downs at Cinco Ranch	2004	1,075	318	95.7		1,656
Camden Downtown	2020	1,052	271	93.3		2,561
Camden Grand Harbor	2008	959	300	93.4		1,485
Camden Greenway	1999	861	756	96.2		1,523
Camden Heights	2004	927	352	96.2		1,688
Camden Highland Village	2014/2015	1,172	552	94.5		2,438
Camden Holly Springs	1999	934	548	95.4		1,465
Camden Long Meadow Farms (4)	2024	1,462	188	Lease-up		2,607
Camden McGowen Station	2018	1,004	315	94.2		2,107
Camden Midtown	1999	844	337	95.2		1,554
Camden Northpointe	2008	940	384	93.9		1,405
Camden Plaza	2007	915	271	96.5		1,752
Camden Post Oak	2003	1,200	356	94.9		2,639
Camden Royal Oaks	2006	923	236	95.5		1,551
Camden Royal Oaks II	2012	1,054	104	94.6		1,766
Camden Spring Creek	2004	1,080	304	94.2		1,529
Camden Stonebridge	1993	845	204	95.8		1,292
Camden Sugar Grove	1997	921	380	95.7		1,458
Camden Travis Street	2010	819	253	95.1		1,517
Camden Vanderbilt	1996/1997	863	894	94.6		1,619
Camden Whispering Oaks	2008	936	274	95.8		1,489
Camden Woodmill Creek (4)	2024	1,434	189	Lease-up		2,485
Camden Woodson Park	2008	916	248	94.6		1,382
Camden Yorktown	2008	995	306	94.9		1,403

*(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 2024 - the average occupancy was calculated from the date at which the occupancy exceeded 90% through December 31, 2024.

*(4)*Property under lease-up at December 31, 2024.

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