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Apartment REIT CEO Says Political Rhetoric Can Influence Rent Collection

While Houston is struggling, one landlord is still collecting rents in the market.

By Les Shaver | December 15, 2020 at 05:33 AM

As the owner of a large portfolio of apartments across the country, Ric Campo, Chairman of the Board and CEO of apartment REIT Camden, has good visibility into where residents are paying rent and where they aren’t.

Campo, who is also Chairman of the Housing Stability Task Force in Houston, says Houston has the strongest collection rates in his portfolio, even though it’s weaker than his other markets. The Camden portfolio was at 95.8% occupancy in September. At that time, Houston had the lowest occupancy of all of his markets at 93.9% after falling 200 basis points during the pandemic.

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