X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

HOUSTON-As almost anyone involved with commercial real estate understands, the multifamily sector is moving forward much like a house afire. Based on those drivers, and other factors, Camden Property Trust‘s Q3 2012 figures continued on their upward trajectory from the previous quarter.

According to Camden president and trust manager Keith Oden, the REIT enjoyed the highest quarterly NOI growth in 20 years, with double-digit NOI growth in nine of its 15 markets. The company also experienced the second-best sequential revenue growth in its history, only being beat out by Q2 of 2011. Furthermore, Oden said, leasing and renewals continued strong as well; new leases increased 4.4% (versus 3.9% from the year before). Though renewals were down slightly (7.9% versus the 8.5% during Q3 2011), occupancy across the entire portfolio was 95.6% versus 94.6% in late October 2011. Net turnover rates decreased, as did move-outs to purchase homes.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. APARTMENTS Fall 2021Event

Join 1000+ of the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.