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Unlike the vast majority of operators in the multifamily industry, Camden Property Trust leaders had not been holding their breath for interest rates to drop.
Houston-based Camden is a multifamily real estate investment trust that owns and operates more than 58,000 apartment units across the country. As an unsecured borrower, the REIT benefited from substantially more options during a challenging financial environment, Chief Financial Officer Alex Jessett said in an interview with Bisnow.