2023-09-17 05:04:00 ET
The coronavirus pandemic has resulted in some major dislocations in the apartment market. Camden Property Trust (NYSE: CPT) was a beneficiary of some of the biggest shifts that took place. But good things can only go on for so long, and the slowdown in the real estate investment trust's (REIT's) business is probably a good thing.
Camden owns 172 properties with a total of about 58,700 apartment units in them. The vast majority are in the Southern and Sunbelt regions. Roughly 60% are located in suburban markets. That was a very good footprint for the REIT to have during the pandemic.
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