Camden $1.5B CA Exit Fuels Buybacks Shifts SunBelt
Camden Property Trust announced a planned sale of its California apartment portfolio—11 properties (~3,600 units) valued at roughly $1.5 billion—and signaled that proceeds will be redeployed into share repurchases as the company pivots toward Sun Belt markets. The move, confirmed during the February earnings call, has driven modest stock gains and reframed Camden’s geographic risk and capital-allocation profile.
