Document And Entity Information
Document And Entity Information - USD ($) | 12 Months Ended | ||
Dec. 31, 2023 | Feb. 15, 2024 | Jun. 30, 2023 | |
Entity Information [Line Items] | |||
Document Type | 10-K | ||
Title of 12(b) Security | Common Shares of Beneficial Interest, $.01 par value | ||
City Area Code | (713) | ||
Local Phone Number | 354-2500 | ||
Entity Incorporation, State or Country Code | TX | ||
Document Annual Report | true | ||
Document Transition Report | false | ||
Entity Tax Identification Number | 76-6088377 | ||
Entity Address, Address Line One | 11 Greenway Plaza, Suite 2400 | ||
Entity Address, City or Town | Houston, | ||
Entity Address, State or Province | TX | ||
Entity Address, Postal Zip Code | 77046 | ||
Security Exchange Name | NYSE | ||
Entity Filer Category | Large Accelerated Filer | ||
Entity Small Business | false | ||
Entity Emerging Growth Company | false | ||
Entity File Number | 1-12110 | ||
Entity Registrant Name | CAMDEN PROPERTY TRUST | ||
Entity Central Index Key | 0000906345 | ||
Trading Symbol | CPT | ||
Document Period End Date | Dec. 31, 2023 | ||
Amendment Flag | false | ||
Document Fiscal Year Focus | 2023 | ||
Document Financial Statement Error Correction | false | ||
Entity Shell Company | false | ||
Document Fiscal Period Focus | FY | ||
Current Fiscal Year End Date | --12-31 | ||
Entity Current Reporting Status | Yes | ||
Entity Well-known Seasoned Issuer | Yes | ||
Entity Voluntary Filers | No | ||
Entity Common Stock, Shares Outstanding | 106,968,937 | ||
ICFR Auditor Attestation Flag | true | ||
Share Price | $ 108.87 | ||
Entity Public Float | $ 11,576,082,431 | ||
Entity Interactive Data Current | Yes |
Audit Information
Audit Information | 12 Months Ended |
Dec. 31, 2023 | |
Audit Information [Abstract] | |
Auditor Name | DELOITTE & TOUCHE LLP |
Auditor Firm ID | 34 |
Auditor Location | Houston, Texas |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Assets | ||
Land | $ 1,711,873 | $ 1,716,273 |
Buildings and improvements | 10,993,390 | 10,674,619 |
Real estate assets, at cost, total | 12,705,263 | 12,390,892 |
Accumulated depreciation | (4,332,524) | (3,848,111) |
Net operating real estate assets | 8,372,739 | 8,542,781 |
Properties under development, including land | 486,864 | 524,981 |
Total real estate assets | 8,859,603 | 9,067,762 |
Accounts receivable – affiliates | 11,905 | 13,364 |
Other assets, net | 244,182 | 229,371 |
Cash and cash equivalents | 259,686 | 10,687 |
Restricted cash | 8,361 | 6,751 |
Total assets | 9,383,737 | 9,327,935 |
Liabilities | ||
Unsecured notes payable | 3,385,309 | 3,165,924 |
Secured Debt | 330,127 | 514,989 |
Accounts payable and accrued expenses | 222,599 | 211,370 |
Accrued real estate taxes | 96,517 | 95,551 |
Distributions payable | 110,427 | 103,628 |
Other liabilities | 186,987 | 179,552 |
Total liabilities | 4,331,966 | 4,271,014 |
Commitments and contingencies (Note 14) | ||
Equity | ||
Common shares of beneficial interest; $0.01 par value per share; 175,000,000 shares authorized; 117,737,712 and 117,734,479 issued; 115,640,369 and 115,636,215 outstanding at December 31, 2023 and 2022, respectively | 1,156 | 1,156 |
Additional paid-in capital | 5,914,868 | 5,897,454 |
Distributions in excess of net income attributable to common shareholders | (613,651) | (581,532) |
Treasury shares, at cost (8,859,556 and 9,089,926 common shares, at December 31, 2023 and 2022, respectively) | (320,364) | (328,684) |
Accumulated other comprehensive loss | (1,252) | (1,774) |
Total common equity | 4,980,757 | 4,986,620 |
Non-controlling interests | 71,014 | 70,301 |
Total equity | 5,051,771 | 5,056,921 |
Total liabilities and equity | $ 9,383,737 | $ 9,327,935 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parenthetical) - $ / shares | Dec. 31, 2023 | Dec. 31, 2022 |
Statement of Financial Position [Abstract] | ||
Common shares, par value, per share | $ 0.01 | $ 0.01 |
Common shares, authorized | 175,000,000 | 175,000,000 |
Common shares, issued | 117,737,712 | 117,734,479 |
Common shares, outstanding | 115,640,369 | 115,636,215 |
Treasury Stock, Common, Shares | 8,859,556 | 9,089,926 |
Consolidated Statements Of Inco
Consolidated Statements Of Income And Comprehensive Income - USD ($) shares in Thousands, $ in Thousands | 12 Months Ended | |||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | ||
Property revenues | ||||
Property revenues | $ 1,542,027 | $ 1,422,756 | $ 1,143,585 | |
Property expenses | ||||
Property operating and maintenance | 353,911 | 315,737 | 267,703 | |
Real estate taxes | 195,009 | 182,344 | 149,322 | |
Total property expenses | 548,920 | 498,081 | 417,025 | |
Non-property income | ||||
Fee and asset management | 3,451 | 5,188 | 10,532 | |
Interest and other income | 879 | 3,019 | 1,223 | |
Income/(loss) on deferred compensation plans | 15,398 | (19,637) | 14,369 | |
Total non-property income/(loss) | 19,728 | (11,430) | 26,124 | |
Other expenses | ||||
Property management | 33,706 | 28,601 | 26,339 | |
Fee and asset management | 1,717 | 2,516 | 4,511 | |
General and administrative | 62,506 | 60,413 | 59,368 | |
Interest | 133,395 | 113,424 | 97,297 | |
Depreciation and amortization | 574,813 | 577,020 | 420,692 | |
Expense/(benefit) on deferred compensation plans | 15,398 | (19,637) | 14,369 | |
Total other expenses | 821,535 | 762,337 | 622,576 | |
Loss on early retirement of debt | (2,513) | 0 | 0 | |
Gain on sale of operating properties, including land | 225,416 | 36,372 | 174,384 | |
Gain on acquisition of unconsolidated joint venture interests | 0 | 474,146 | 0 | |
Equity in income of joint ventures | [1] | 0 | 3,048 | 9,777 |
Income from continuing operations before income taxes | 414,203 | 664,474 | 314,269 | |
Income tax expense | (3,650) | (2,966) | (1,893) | |
Net income | 410,553 | 661,508 | 312,376 | |
Less income allocated to non-controlling interests | (7,244) | (7,895) | (8,469) | |
Net income attributable to common shareholders | $ 403,309 | $ 653,613 | $ 303,907 | |
Total earnings per share – basic | $ 3.71 | $ 6.07 | $ 2.97 | |
Total earnings per share – diluted | $ 3.70 | $ 6.04 | $ 2.96 | |
Weighted average number of common shares outstanding – basic | 108,653 | 107,605 | 101,999 | |
Weighted average number of common shares outstanding – diluted | 109,399 | 108,388 | 102,829 | |
Consolidated Statements of Comprehensive Income: | ||||
Net income | $ 410,553 | $ 661,508 | $ 312,376 | |
Other comprehensive income | ||||
Unrealized loss on cash flow hedging activities | (728) | 0 | 0 | |
Unrealized gain (loss) and unamortized prior service cost on post retirement obligation | (183) | 489 | 154 | |
Reclassification of net loss on cash flow hedging activities, prior service cost and net loss on post retirement obligation | 1,433 | 1,476 | 1,490 | |
Comprehensive income | 411,075 | 663,473 | 314,020 | |
Less income allocated to non-controlling interests | (7,244) | (7,895) | (8,469) | |
Comprehensive income attributable to common shareholders | $ 403,831 | $ 655,578 | $ 305,551 | |
[1] Equity in income excluded our ownership interest of fee income from various services provided by us to the Funds. |
Consolidated Statements Of Equi
Consolidated Statements Of Equity - USD ($) $ in Thousands | Total | Common Shares Of Beneficial Interest | Additional Paid-In Capital | Distributions In Excess Of Net Income | Treasury Stock, Common | Accumulated Other Comprehensive Income (Loss) | Noncontrolling Interests |
Equity, Beginning Balance at Dec. 31, 2020 | $ 3,516,587 | $ 1,069 | $ 4,581,710 | $ (791,079) | $ (341,412) | $ (5,383) | $ 71,682 |
Net Income | 312,376 | 303,907 | 8,469 | ||||
Other comprehensive income | 1,644 | 1,644 | |||||
Proceeds from issuance of common shares | 759,209 | 54 | 759,155 | ||||
Net share awards | 20,160 | 13,800 | 6,360 | ||||
Employee share purchase plan | 4,230 | 3,152 | 1,078 | ||||
Conversions and redemptions of operating partnership units | 0 | 1 | 5,935 | (5,936) | |||
Cash distributions declared to equity holders | (347,731) | (342,281) | (5,450) | ||||
Other | (220) | 2 | (222) | 0 | |||
Equity, Ending Balance at Dec. 31, 2021 | 4,266,255 | 1,126 | 5,363,530 | (829,453) | (333,974) | (3,739) | 68,765 |
Net Income | 661,508 | 653,613 | 7,895 | ||||
Other comprehensive income | 1,965 | 1,965 | |||||
Proceeds from issuance of common shares | 516,758 | 30 | 516,728 | ||||
Net share awards | 20,762 | 15,999 | 4,763 | ||||
Employee share purchase plan | 1,850 | 1,296 | 554 | ||||
Conversions and redemptions of operating partnership units | 0 | 320 | (320) | ||||
Cash distributions declared to equity holders | (411,731) | (405,692) | (6,039) | ||||
Other | (446) | (419) | (27) | ||||
Equity, Ending Balance at Dec. 31, 2022 | 5,056,921 | 1,156 | 5,897,454 | (581,532) | (328,684) | (1,774) | 70,301 |
Net Income | 410,553 | 403,309 | 7,244 | ||||
Other comprehensive income | 522 | 522 | |||||
Proceeds from issuance of common shares | 0 | ||||||
Net share awards | 24,247 | 16,552 | 7,695 | ||||
Employee share purchase plan | 1,812 | 1,187 | 625 | ||||
Conversions and redemptions of operating partnership units | (128) | 72 | (200) | ||||
Cash distributions declared to equity holders | (441,759) | (435,428) | (6,331) | ||||
Other | (397) | (397) | |||||
Equity, Ending Balance at Dec. 31, 2023 | $ 5,051,771 | $ 1,156 | $ 5,914,868 | $ (613,651) | $ (320,364) | $ (1,252) | $ 71,014 |
Consolidated Statements Of Eq_2
Consolidated Statements Of Equity (Parentheticals) - $ / shares | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Common shares issued | 0 | 3,059 | 5,416 |
Conversions and redemptions of operating partnership units | 3 | 7 | 142 |
Cash distributions declared to equity holders per share | $ 4 | $ 3.76 | $ 3.32 |
Consolidated Statements Of Cash
Consolidated Statements Of Cash Flows - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Cash flows from operating activities | |||
Net income | $ 410,553 | $ 661,508 | $ 312,376 |
Adjustments to reconcile net income to net cash from operating activities: | |||
Depreciation and amortization | 574,813 | 577,020 | 420,692 |
Loss on early retirement of debt | 2,513 | 0 | 0 |
Gain on sale of operating properties, including land | (225,416) | (36,372) | (174,384) |
Gain on acquisition of unconsolidated joint venture interests | 0 | (474,146) | 0 |
Distributions of income from joint ventures | 0 | 3,015 | 9,645 |
Equity in income of joint ventures | 0 | (3,048) | (9,777) |
Share-based compensation | 14,512 | 12,822 | 15,397 |
Net change in operating accounts and other | 17,975 | 3,913 | 3,518 |
Net cash from operating activities | 794,950 | 744,712 | 577,467 |
Cash flows from investing activities | |||
Development and capital improvements, including land | (410,934) | (449,431) | (428,714) |
Acquisition of operating properties, including joint venture interests, net of cash acquired | 0 | (1,066,051) | (629,959) |
Net proceeds from sales of operating properties, including land | 290,663 | 70,536 | 254,717 |
Increase in non-real estate assets | (5,597) | (4,407) | (4,032) |
Other | (1,259) | (6,831) | 3,597 |
Net cash from investing activities | (127,127) | (1,456,184) | (804,391) |
Cash flows from financing activities | |||
Borrowings on unsecured revolving credit facility | 1,335,000 | 758,000 | 0 |
Repayments on unsecured revolving credit facility | (1,377,000) | (716,000) | 0 |
Repayment of notes payable, including prepayment penalties | (437,749) | (350,000) | 0 |
Proceeds from notes payable | 498,235 | 300,000 | 0 |
Distributions to common shareholders and non-controlling interests | (434,875) | (396,822) | (343,039) |
Proceeds from issuance of common shares | 0 | 516,758 | 759,209 |
Payment of deferred financing costs | (3,114) | (10,948) | (1,346) |
Other | 2,289 | 8,942 | 6,547 |
Net cash from financing activities | (417,214) | 109,930 | 421,371 |
Net increase (decrease) in cash, cash equivalents, and restricted cash | 250,609 | (601,542) | 194,447 |
Cash, cash equivalents, and restricted cash, beginning of year | 17,438 | 618,980 | 424,533 |
Cash, cash equivalents, and restricted cash, end of year | 268,047 | 17,438 | 618,980 |
Reconciliation of cash, cash equivalents, and restricted cash to the Consolidated Balance Sheets [Abstract] | |||
Cash and cash equivalents | 259,686 | 10,687 | 613,391 |
Restricted cash | 8,361 | 6,751 | 5,589 |
Total cash, cash equivalents, and restricted cash | 268,047 | 17,438 | 618,980 |
Supplemental information | |||
Cash paid for interest, net of interest capitalized | 128,870 | 111,069 | 97,301 |
Cash paid for income taxes | 3,591 | 3,216 | 2,181 |
Supplemental schedule of noncash investing and financing activities | |||
Distributions declared but not paid | 110,427 | 103,628 | 88,786 |
Value of shares issued under benefit plans, net of cancellations | 24,850 | 21,526 | 18,627 |
Accrual associated with construction and capital expenditures | 23,706 | 20,151 | 24,313 |
Mortgage debt assumed | 0 | 514,554 | 0 |
Other liabilities | $ 0 | $ 39,168 | $ 0 |
Description Of Business
Description Of Business | 12 Months Ended |
Dec. 31, 2023 | |
Description of Business [Abstract] | |
Description Of Business | 1. Description of Business Business. Formed on May 25, 1993, Camden Property Trust, a Texas real estate investment trust ("REIT"), and all consolidated subsidiaries are primarily engaged in the ownership, management, development, reposition, redevelopment, acquisition, and construction of multifamily apartment communities. Our multifamily apartment communities are referred to as "communities," "multifamily communities," "properties," or "multifamily properties" in the following discussion. As of December 31, 2023, we owned interests in, operated, or were developing 176 multifamily properties comprised of 59,800 apartment homes across the United States. Of the 176 properties, four properties were under construction, and will consist of a total of 1,166 apartment homes when completed. We also own land holdings which we may develop into multifamily communities in the future. |
Summary of Significant Accounti
Summary of Significant Accounting Policies and Recent Accounting Pronouncements | 12 Months Ended |
Dec. 31, 2023 | |
Accounting Policies [Abstract] | |
Summary of Significant Accounting Policies and Recent Accounting Pronouncements | 2. Summary of Significant Accounting Policies and Recent Accounting Pronouncements Principles of Consolidation . Our consolidated financial statements include our accounts and the accounts of other subsidiaries and joint ventures (including partnerships and limited liability companies) over which we have control. All intercompany transactions, balances, and profits have been eliminated in consolidation. Investments acquired or created are evaluated based on the accounting guidance relating to variable interest entities ("VIEs"), which requires the consolidation of VIEs in which we are considered to be the primary beneficiary. If the investment is determined not to be a VIE, then the investment is evaluated for consolidation primarily using a voting interest model. In determining if we have a controlling financial interest, we consider factors such as ownership interests, authority to make decisions, kick-out rights, and participating rights. As of December 31, 2023, two of our consolidated operating partnerships are VIEs. We are considered the primary beneficiary of both consolidated operating partnerships and therefore consolidate these operating partnerships. As of December 31, 2023, we held approximately 93% and 95% of the outstanding common limited partnership units and the sole 1% general partnership interest in each of these consolidated operating partnerships. Acquisitions of Real Estate . Upon the acquisition of real estate, we determine the fair value of tangible and intangible assets, which includes land, buildings (as-if-vacant), furniture and fixtures, the value of in-place leases, including above and below market leases, and acquired liabilities. In estimating these values, we apply methods similar to those used by independent appraisers of income-producing property. Estimates of fair value of acquired debt are based upon interest rates available for the issuance of debt with similar terms and remaining maturities. Depreciation is computed on a straight-line basis over the remaining useful lives of the related tangible assets. The value of in-place leases and above or below market leases is amortized over the estimated average remaining life of leases in place at the time of acquisition; the net carrying value of in-place leases are included in other assets, net, and the net carrying value of above or below market leases are included in other liabilities, net in our consolidated balance sheets. We did not recognize amortization expense related to in-place leases or revenue related to net below-market leases during the year ended December 31, 2023. We recognized amortization expense related to in-place leases of approximately $50.3 million, and $22.2 million and recognized revenue related to net below-market leases of approximately $8.6 million and $1.1 million for the years ended December 31, 2022 and 2021, respectively. During the years ended December 31, 2022 and 2021, the weighted average amortization periods for in-place leases was approximately eight months and nine months, respectively, and the weighted average amortization periods for net below-market leases was approximately seven months and ten months, respectively. Asset Impairment . Long-lived assets are reviewed for impairment annually or whenever events or changes in circumstances indicate the carrying amount of an asset may not be recoverable. Impairment may exist if estimated future undiscounted cash flows associated with long-lived assets are not sufficient to recover the carrying value of such assets. We consider projected future undiscounted cash flows, trends, strategic decisions regarding future development plans, and other factors in our assessment of whether impairment indicators exist. While we believe our estimates of future cash flows are reasonable, different assumptions regarding a number of factors, including market rents, economic conditions, and occupancies, could significantly affect these estimates. When impairment exists, the long-lived asset is adjusted to its fair value. In estimating fair value, management uses appraisals, management estimates, and discounted cash flow calculations which utilize inputs from a marketplace participant’s perspective. In addition, we evaluate our equity investments in joint ventures, if any, and if we believe there is an other than temporary decline in market value of our investment below our carrying value, we will record an impairment charge. We did not record any impairment charges for the years ended December 31, 2023, 2022, or 2021. The value of our properties under development depends on market conditions including estimates of the project start date, projected construction costs, as well as estimates of demand for multifamily communities. We have reviewed market trends and other marketplace information and have incorporated this information as well as our current outlook into the assumptions we use in our impairment analyses. Due to the judgment and assumptions applied in the impairment analyses, it is possible actual results could differ substantially from those estimated. We believe the carrying value of our operating real estate assets, properties under development, and land is currently recoverable. However, if market conditions deteriorate or if changes in our development strategy significantly affect any key assumptions used in our fair value estimates, we may need to take material charges in future periods for impairments related to existing assets. Any such non-cash charges could have an adverse effect on our consolidated financial position and results of operations. Cash and Cash Equivalents . All cash and investments in money market accounts and other highly liquid securities with a maturity of three months or less at the date of purchase are considered to be cash and cash equivalents. We maintain the majority of our cash and cash equivalents at major financial institutions in the United States and deposits with these financial institutions may exceed the amount of insurance provided on such deposits; however, we regularly monitor the financial stability of these financial institutions and believe we are not currently exposed to any significant default risk with respect to these deposits. Cost Capitalization . Real estate assets are carried at cost plus capitalized carrying charges. Carrying charges are primarily interest and real estate taxes which are capitalized as part of properties under development. Capitalized interest is generally based on the weighted average interest rate of our unsecured debt. Expenditures directly related to the development and improvement of real estate assets are capitalized at cost as land and buildings and improvements. Indirect development costs, including salaries and benefits and other related costs directly attributable to the development of properties, are also capitalized. We begin capitalizing development, construction, and carrying costs when the development of the future real estate asset is probable and activities necessary to prepare the underlying real estate for its intended use have been initiated. All construction and certain carrying costs are capitalized and reported in the balance sheet as properties under development until the apartment homes are substantially completed. As apartment homes within development properties are completed, the total capitalized development cost of each apartment home is transferred from properties under development including land to buildings and improvements. As discussed above, carrying charges are principally interest and real estate taxes capitalized as part of properties under development. Capitalized interest was approximately $20.2 million, $18.1 million, and $16.7 million for the years ended December 31, 2023, 2022, and 2021, respectively. Capitalized real estate taxes were approximately $3.4 million, $4.2 million, and $2.8 million for the years ended December 31, 2023, 2022, and 2021, respectively. Where possible, we stage our construction to allow leasing and occupancy during the construction period, which we believe minimizes the duration of the lease-up period following completion of construction. Our accounting policy related to properties in the development and leasing phase is to expense all operating costs associated with completed apartment homes. We capitalize renovation and improvement costs we believe extend the economic lives of depreciable property. Capital expenditures subsequent to initial construction are capitalized and depreciated over their estimated useful lives. Depreciation and amortization is computed over the expected useful lives of depreciable property on a straight-line basis with lives generally as follows: Estimated Buildings and improvements 5-35 years Furniture, fixtures, equipment and other 3-20 years Intangible assets/liabilities (in-place leases and below market leases) underlying lease term Derivative Financial Instruments. Derivative financial instruments are recorded in the consolidated balance sheets at fair value and presented on a gross basis for financial reporting purposes even when those instruments are subject to master netting arrangements and may otherwise qualify for net presentation. Accounting for changes in the fair value of derivatives depends on the intended use of the derivative, whether we have elected to designate a derivative in a hedging relationship and apply hedge accounting, and whether the hedging relationship has satisfied the criteria necessary to apply hedge accounting. Cash flows from derivatives and the related gains and losses are classified as cash flows from operating activities on the consolidated statements of cash flows. Cash Flow Hedges. For derivative instruments which are designated and qualify as a cash flow hedge, the derivative's gain or loss is reported as a component to other comprehensive income ("OCI") and recorded in accumulated other comprehensive income ("AOCI") on our consolidated balance sheets. The gain or loss is subsequently reclassified into net earnings when the hedged exposure affects net earnings, in the same line item as the underlying hedged item on our consolidated statements of earnings. Cash flow hedges related to anticipated transactions are designated and documented at the inception of each hedge. Cash flows from hedging transactions are classified in the same categories as the cash flows from the respective hedged items. Fair Value Hedges. For derivative instruments which are designated and qualify as a fair value hedge, the changes in fair value of the derivative instrument and the offsetting changes in fair value of the underlying hedged item due to changes in the hedged risk are recorded to interest expense on our consolidated statements of earnings. Counterparty Credit Risk. Fair values of our derivatives can change significantly from period to period based on, among other factors, market movements and changes in our positions. We manage counterparty credit risk (the risk counterparties will default and not make payments to us according to the terms of our agreements) on an individual counterparty basis. Gains or losses on sales of real estate. The Company recognizes the sale, and associated gain or loss from the disposition, when the criteria for derecognition of an asset is met, including when a contract exists and the buyer obtained control of the nonfinancial asset sold, in accordance with accounting principles generally accepted in the United States of America ("GAAP"). Fair Value . For financial assets and liabilities recorded at fair value on a recurring or non-recurring basis, fair value is the price we would receive to sell an asset, or pay to transfer a liability, in an orderly transaction with a market participant at the measurement date. In the absence of such data, fair value is estimated using internal information consistent with what market participants would use in a hypothetical transaction. In determining fair value, observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect our market assumptions; preference is given to observable inputs. These two types of inputs create the following fair value hierarchy: • Level 1: Quoted prices for identical instruments in active markets. • Level 2: Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations whose inputs are observable or whose significant value drivers are observable. • Level 3: Significant inputs to the valuation model are unobservable. Recurring Fair Value Measurements. The following describes the valuation methodologies we use to measure different financial instruments at fair value on a recurring basis: Derivative Financial Instruments. The estimated fair values of derivative financial instruments are valued using widely accepted valuation techniques including discounted cash flow analysis on the expected cash flows of each derivative. This analysis reflects the contractual terms of the derivatives, including the period to maturity, and uses observable market-based inputs, including interest rate curves and volatility. The fair values of interest rate swaps are estimated using the market-standard methodology of netting the discounted fixed cash payments and the discounted expected variable cash receipts. The variable cash receipts are based on an expectation of interest rates (forward curves) derived from observable market interest rate curves. In addition, credit valuation adjustments, which consider the impact of any credit enhancements to the contracts, are incorporated in the fair values to account for potential nonperformance risk, including our own nonperformance risk and the respective counterparty’s nonperformance risk. Although we have determined the majority of the inputs used to value our derivatives fall within Level 2 of the fair value hierarchy, the credit valuation adjustments associated with our derivatives utilize Level 3 inputs, such as estimates of current credit spreads, to evaluate the likelihood of default. However, we have assessed the significance of the impact of the credit valuation adjustments on the overall valuation of our derivative positions and have determined the credit valuation adjustments are not significant to the overall valuation of our derivatives. As a result, we have determined our derivative valuations in their entirety are classified in Level 2 of the fair value hierarchy. Deferred Compensation Plan Investments. The estimated fair values of investment securities classified as deferred compensation plan investments are based on quoted market prices utilizing public information for the same transactions. Our deferred compensation plan investments are recorded in other assets in our consolidated balance sheets. The inputs associated with the valuation of our recurring deferred compensation plan investments are included in Level 1 of the fair value hierarchy. Non-recurring Fair Value Measurements. Certain assets are measured at fair value on a non-recurring basis. These assets are not measured at fair value on an ongoing basis, but are subject to fair value adjustments in certain circumstances. These assets primarily include long-lived assets which are recorded at fair value when they are acquired, including the remeasurement of previously held ownership interests, using fair value methodologies described above at "Acquisitions of Real Estate," or if the long-lived assets are impaired using the fair value methodologies used to measure long-lived assets described above at "Asset Impairment." The inputs associated with the valuation of long-lived assets are generally included in Level 3 of the fair value hierarchy, unless a quoted price for a similar long-lived asset in an active market exists, at which time they are included in Level 2 of the fair value hierarchy. Financial Instrument Fair Value Disclosures. As of December 31, 2023 and 2022, the carrying values of cash and cash equivalents, accounts receivable, accounts payable, accrued expenses, and distributions payable represent fair value because of the short-term nature of these instruments. The carrying value of restricted cash approximates its fair value based on the nature of our assessment of the ability to recover these amounts. The carrying value of our notes receivable, which are included in other assets, net in our consolidated balance sheets, approximates their fair value. The estimated fair values are based on certain factors, such as market interest rates, terms of the note, and credit worthiness of the borrower. These financial instruments utilize Level 3 inputs. In calculating the fair value of our notes payable, interest rate, and spread assumptions reflect current credit worthiness and market conditions available for the issuance of notes payable with similar terms and remaining maturities. These financial instruments utilize Level 2 inputs. Income Recognition . The majority of our revenues are derived from real estate lease contracts which are accounted for pursuant to ASC 842, "Leases," and presented as property revenues, and include rental revenue under contractual terms for other services provided to our customers. As a lessor, we made elections pursuant to ASC 842 to 1) not separate the lease and non-lease components by class of underlying assets and account for the combined components as a single component under certain conditions, and 2) exclude from lease revenues the sales taxes collected from lessees and certain lessor costs paid directly by the lessee. Our other revenue streams include fee and asset management income in accordance with other revenue guidance, ASC 606, Revenues from Contracts with Customers . A detail of our material revenue streams are discussed below: Property Revenue. We earn rental revenue from operating lease contracts for the use of dedicated spaces within owned assets, which is our only underlying asset class. We also earn revenues under contractual terms for other services considered non-lease components within a lease contract, primarily consisting of utility rebillings and other transactional fees. These amounts received under contractual terms for other services are charged to our residents and recognized monthly as earned. Any identified uncollectible amounts related to individual lease contracts are presented as an adjustment to property revenue. Any renewal options of real estate lease contracts are considered a new, separate contract and will be recognized at the time the option is exercised on a straight-line basis over the renewal period. As of December 31, 2023, our average residential lease term was approximately fourteen months with all other commercial leases averaging longer lease terms. We anticipate property revenue from existing leases as follows: (in millions) Year ended December 31, Operating Leases 2024 $ 865.9 2025 40.4 2026 3.8 2027 3.3 2028 3.0 Thereafter 6.3 Total $ 922.7 Credit Risk. We believe there is no significant concentration of credit risk due to the number of residents, the types and diversity of submarkets in which our properties operate, and the collection terms. Insurance . Our primary lines of insurance coverage are property, general liability, health, workers compensation, and cybersecurity. We believe our insurance coverage adequately insures our properties against the risk of loss attributable to fire, earthquake, hurricane, tornado, flood, and other perils and adequately insures us against other risks. Losses are accrued based upon our estimates of the aggregate liability for claims incurred using certain actuarial assumptions followed in the insurance industry and based on our experience. Other Assets, Net . Other assets in our consolidated financial statements include investments under deferred compensation plans, deferred financing costs, technology investments, non-real estate leasehold improvements and equipment, notes receivable, derivatives, operating lease right-of-use assets, prepaid expenses, and other miscellaneous receivables. Investments under deferred compensation plans are classified as trading securities and are adjusted to fair market value at period end. For a further discussion of our investments under deferred compensation plans, see Note 11, "Share-based Compensation and Benefit Plans. " Deferred financing costs are related to our unsecured revolving credit facility, and are amortized no longer than the terms of the related facility on the straight-line method, which approximates the effective interest method. Corporate leasehold improvements and equipment includes expenditures related to renovation and construction of office space we lease. These leasehold improvements are depreciated using the straight-line method over the shorter of the expected useful lives or the lease terms which generally range from three to ten years. Investments. We hold equity interests in certain technology funds which are not accounted for using the equity method because we have virtually no influence over these entities and their fair values are not readily determinable. These investments are recorded using the measurement alternative in which our equity interests are recorded at cost, adjusted for impairments and observable price changes in orderly transactions for an identical or similar investment of the same issuer. At each reporting period, we reassess whether these investments continue to qualify for this measurement alternative. We had investments recorded at cost of approximately $14.3 million and $11.1 million at December 31, 2023 and 2022, respectively. These investments are included in other assets, net in our consolidated balance sheets and we did not record any impairments during the years ended December 31, 2023, 2022, or 2021 relating to these investments. Reportable Segments . We operate in a single reportable segment which includes the ownership, management, development, reposition, redevelopment, acquisition, and construction of multifamily apartment communities. Each of our operating properties is considered a separate operating segment as each property earns revenues and incurs expenses, individual operating results are reviewed and discrete financial information is available. We do not distinguish or group our consolidated operations based on geography, size, or type. Our multifamily apartment communities have similar long-term economic characteristics and provide similar products and services to our residents. Further, all material operations are within the United States and no multifamily apartment community comprises more than 10% of consolidated revenues. As a result, our operating properties are aggregated into a single reportable segment. Our multifamily communities generate property revenue through the leasing of apartment homes, which comprised approximately 99% of our total property revenues and total non-property income, excluding income (loss) on deferred compensation plans, for each of the years ended December 31, 2023, 2022, and 2021. Restricted Cash . Restricted cash consists of escrow deposits held by lenders for property taxes, insurance and replacement reserves, cash required to be segregated for the repayment of residents’ security deposits, and escrowed amounts related to our development and acquisition activities. Substantially all restricted cash is invested in demand and short-term instruments. Share-based Compensation . Compensation expense associated with share-based awards is recognized in our consolidated statements of income and comprehensive income using the grant-date fair values. Compensation cost for all share-based awards, including options, requires measurement at estimated fair value on the grant date and recognition of compensation expense over the requisite service period for awards expected to vest. The fair value of stock option grants is estimated using the Black-Scholes valuation model. Valuation models require the input of assumptions, including judgments to estimate the expected stock price volatility, expected life, and forfeiture rate. The compensation cost for share-based awards is based on the market value of the shares on the date of grant and is adjusted as actual forfeitures occur. Use of Estimates . In the application of GAAP, management is required to make estimates and assumptions which affect the reported amounts of assets and liabilities at the date of the financial statements, results of operations during the reporting periods, and related disclosures. Our more significant estimates include estimates supporting our impairment analysis related to the carrying values of our real estate assets. These estimates are based on historical experience and other assumptions believed to be reasonable under the circumstances. Future events rarely develop exactly as forecasted, and the best estimates routinely require adjustment. Recent Accounting Pronouncements: In November 2023, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2023-07 ("ASU 2023-07"), Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures . ASU 2023-07 is intended to enhance disclosures regarding a public entity's reportable segments by requiring public entities, who have a single reportable segment or multiple reportable segments, to disclose significant segment expenses which are regularly provided to the chief operating decision maker ("CODM"), the title or position of the CODM, and how the CODM utilizes segment information to assess performance and allocate resources. ASU 2023-07 is effective for annual periods beginning after December 15, 2023 and interim periods for fiscal years beginning after December 15, 2024, and early adoption is permitted. This standard must be applied using the retrospective transition method upon adoption. We expect to adopt ASU 2023-07 in our 2024 Form 10-K and in the interim periods thereafter. The adoption of ASU 2023-07 will require additional disclosures, but we do not believe the adoption will materially impact our consolidated financial statements. In December 2023, the FASB issued ASU 2023-09 ("ASU 2023-09"), Income Taxes (Topic 740): Improvements to Income Tax Disclosures . ASU 2023-09 requires additional disclosures to enhance the transparency regarding income tax information through the use of a rate reconciliation table and disclosure of net taxes paid, detailed by federal, state, and foreign taxes and, if applicable, further detailed by specific jurisdictions if the amount exceeds a qualitative threshold. ASU 2023-09 is effective for annual periods beginning after December 15, 2024, and early adoption is permitted. This standard may be applied either on a prospective basis or on a retrospective basis. We expect to adopt ASU 2023-09 in our 2025 Form 10-K and expect the enhanced presentation of income tax disclosures will have no impact on our consolidated financial statements. |
Per Share Data
Per Share Data | 12 Months Ended |
Dec. 31, 2023 | |
Earnings Per Share [Abstract] | |
Per Share Data | 3. Per Share Data Basic earnings per share are computed using net income attributable to common shareholders and the weighted average number of common shares outstanding. Diluted earnings per share reflect common shares issuable from the assumed conversion of common share options and share awards granted and units convertible into common shares. Only those items having a dilutive impact on our basic earnings per share are included in diluted earnings per share. Our unvested share-based awards are considered participating securities and are reflected in the calculation of basic and diluted earnings per share using the two-class method. Common shares under a forward sale agreement will be considered in our calculation for diluted earnings-per-share until settlement, using the treasury stock method. The number of common share equivalent securities excluded from the diluted earnings per share calculation was approximately 1.0 million for each of the years ended December 31, 2023 and 2022, and 2021. These securities, which include share awards granted and units convertible into common shares, were excluded from the diluted earnings per share calculation as they are anti-dilutive. The following table presents information necessary to calculate basic and diluted earnings per share for the periods indicated: Year Ended December 31, (in thousands, except per share amounts) 2023 2022 2021 Earnings per common share calculation – basic Income from continuing operations attributable to common shareholders $ 403,309 $ 653,613 $ 303,907 Amount allocated to participating securities (646) (990) (545) Net income attributable to common shareholders – basic $ 402,663 $ 652,623 $ 303,362 Total earnings per common share – basic $ 3.71 $ 6.07 $ 2.97 Weighted average number of common shares outstanding – basic 108,653 107,605 101,999 Earnings per common share calculation – diluted Income from continuing operations attributable to common shareholders, net of amount allocated to participating securities $ 402,663 $ 652,623 $ 303,362 Income allocated to common units from continuing operations 2,086 1,452 1,190 Net income attributable to common shareholders – diluted $ 404,749 $ 654,075 $ 304,552 Total earnings per common share – diluted $ 3.70 $ 6.04 $ 2.96 Weighted average number of common shares outstanding – basic 108,653 107,605 101,999 Incremental shares issuable from assumed conversion of: Share awards granted 21 50 87 Common units 725 733 743 Weighted average number of common shares outstanding – diluted 109,399 108,388 102,829 |
Common Shares
Common Shares | 12 Months Ended |
Dec. 31, 2023 | |
Stockholders' Equity Note [Abstract] | |
Common Shares [Text Block] | 4. Common Shares In May 2023, we created an at-the-market ("ATM") share offering program through which we can, but have no obligation to, sell common shares for an aggregate offering amount of up to $500.0 million (the "2023 ATM program"), in amounts and at times as we determine, into the existing trading market at current market prices as well as through negotiated transactions. Actual sales from time to time may depend on a variety of factors including, among others, market conditions, the trading price of our common shares, and determinations by management of the appropriate sources of funding for us. We intend to use the proceeds from any sale of our common shares under the 2023 ATM program for general corporate purposes, which may include reducing future borrowings under our unsecured revolving credit facility, the repayment of other indebtedness, the redemption or other repurchase of outstanding debt or equity securities, funding for development activities, and financing for acquisitions. The 2023 ATM program also permits the use of forward sale agreements which allows us to lock in a share price on the sale of common shares at the time the agreement is executed, but defer receiving the proceeds from the sale of the applicable shares until a later date. If we enter into a forward sale agreement, we expect the applicable forward purchasers will borrow from third parties and, through the applicable sales agent acting in its role as forward seller, sell a number of common shares equal to the number of shares underlying the applicable agreement. Under this scenario, we would not initially receive any proceeds from any sale of borrowed shares by the forward seller and would expect to physically settle each forward sale agreement with the relevant forward purchaser on or prior to the maturity date of a particular forward sale agreement by issuing our common shares in return for the receipt of aggregate net cash proceeds at settlement equal to the number of common shares underlying the particular forward sale agreement multiplied by the relevant forward sale price. However, at our sole discretion, we may also elect to cash settle or net share settle a particular forward sale agreement, in which case we may not receive any proceeds from the issuance of common shares, and we will instead receive or pay cash (in the case of cash settlement) or receive or deliver common shares (in the case of net share settlement). As of the date of this filing, we have not entered into any forward sales agreement and have not sold any shares under the 2023 ATM program. In May 2022, we created an ATM share offering program through which we could, but had no obligation to, sell common shares for an aggregate offering amount of up to $500.0 million (the "2022 ATM program"). In May 2023, we terminated the 2022 ATM program and did not sell any shares under this program. In August 2021, we created an ATM share offering program through which we could, but had no obligation to, sell common shares for an aggregate offering price of up to $500.0 million (the "2021 ATM program"). In May 2022, we terminated the 2021 ATM program with an aggregate offering amount of approximately $71.3 million remaining available for sale and, upon termination, no further common shares were available for sale. We have a share repurchase plan approved by our Board of Trust Managers which allows for the repurchase of up to $500.0 million of our common equity securities through open-market purchases, block purchases, and privately negotiated transactions. As of the date of this filing, there were no repurchases and the dollar value of our common equity securities authorized to be repurchased under this program remains at $500.0 million. We currently have an automatic shelf registration statement which allows us to offer, from time to time, common shares, preferred shares, debt securities, or warrants. Our Amended and Restated Declaration of Trust provides we may issue up to 185 million shares of beneficial interest, consisting of 175 million common shares and 10 million preferred shares. At December 31, 2023, we had approximately 106.8 million common shares outstanding, net of treasury shares and shares held in our deferred compensation arrangements, and no preferred shares outstanding. In the first quarter of 2024, the Company's Board of Trust Managers declared a first quarter dividend of $1.03 per common share to our common shareholders of record as of March 29, 2024. |
Operating Partnerships
Operating Partnerships | 12 Months Ended |
Dec. 31, 2023 | |
Operating Partnerships [Abstract] | |
Operating Partnerships [Text Block] | 5. Operating Partnerships At December 31, 2023, approximately 4% of our consolidated multifamily apartment homes were held in Camden Operating, L.P. ("Camden Operating" or the "operating partnership"). Camden Operating has 11.9 million outstanding common limited partnership units and as of December 31, 2023, we held approximately 93% of the outstanding common limited partnership units and the sole 1% general partnership interest of the operating partnership. The remaining common limited partnership units, comprising approximately 0.7 million units, are primarily held by former officers, directors, and investors of Paragon Group, Inc., which we acquired in 1997. Each common limited partnership unit is redeemable for one common share of Camden Property Trust or cash at our election. Holders of common limited partnership units are not entitled to rights as shareholders prior to redemption of their common limited partnership units. No member of our management owns Camden Operating common limited partnership units. At December 31, 2023, approximately 26% of our consolidated multifamily apartment homes were held in Camden Summit Partnership, L.P. (the "Camden Summit Partnership"). Camden Summit Partnership has 22.8 million outstanding common limited partnership units and as of December 31, 2023, we held approximately 95% of the outstanding common limited partnership units and the sole 1% general partnership interest of Camden Summit Partnership. The remaining common limited partnership units, comprising approximately 0.9 million units, are primarily held by former officers, directors, and investors of Summit Properties Inc., which we acquired in 2005. Each common limited partnership unit is redeemable for one common share of Camden Property Trust or cash at our election and holders of common limited partnership units are not entitled to rights as shareholders prior to redemption of their common limited partnership units. No member of our management owns Camden Summit Partnership common limited partnership units. |
Income Taxes
Income Taxes | 12 Months Ended |
Dec. 31, 2023 | |
Income Tax Disclosure [Abstract] | |
Income Taxes | 6. Income Taxes We have maintained and intend to maintain our election as a REIT under the Internal Revenue Code of 1986, as amended. In order for us to continue to qualify as a REIT we must meet a number of organizational and operational requirements, including a requirement to distribute annual dividends to our shareholders equal to a minimum of 90% of our adjusted taxable income. As a REIT, we generally will not be subject to federal income tax on our taxable income at the corporate level to the extent such income is distributed to our shareholders annually. If our taxable income exceeds our dividends in a tax year, REIT tax rules allow us to designate dividends from the subsequent tax year in order to avoid current taxation on undistributed income. If we fail to qualify as a REIT in any taxable year, we may be subject to federal and state income taxes for such year. In addition, we may not be able to requalify as a REIT for the four subsequent taxable years and may be subject to federal and state income taxes in those years as well. Historically, we have incurred only state and local income, franchise, and excise taxes. Taxable income from non-REIT activities managed through taxable REIT subsidiaries is subject to applicable federal, state, and local income taxes. Our operating partnerships are flow-through entities and are not subject to federal income taxes at the entity level. We have recorded income, franchise, and excise taxes in the consolidated statements of income and comprehensive income for the years ended December 31, 2023, 2022, and 2021 as income tax expense. Income taxes for the years ended December 31, 2023, 2022, and 2021, primarily related to state income tax and federal taxes on certain of our taxable REIT subsidiaries. We have no significant temporary or permanent differences or tax credits associated with our taxable REIT subsidiaries. For income tax purposes, distributions to common shareholders are characterized as ordinary income, capital gains, or return of capital. A summary of the income tax characterization of our distributions paid per common share for the years ended December 31, 2023, 2022, and 2021 is set forth in the following table: Year Ended December 31, 2023 2022 2021 Common Share Distributions (1) Ordinary income $ 2.54 $ — $ 2.06 Long-term capital gain 1.90 0.48 1.14 Return of capital — 2.26 — Unrecaptured Sec. 1250 gain 0.50 0.08 0.12 Total $ 4.94 $ 2.82 $ 3.32 (1) The $1.00 distribution per share paid on January 17, 2024 will be considered a 2023 distribution for federal income tax purposes and will be subject to taxation based on our 2023 earnings. The $0.94 distribution per share paid on January 17, 2023 was also considered a 2023 distribution for federal income tax purposes and was also subject to taxation based on our 2023 earnings. The carrying value of net assets reported in our consolidated financial statements at December 31, 2023 exceeded the tax basis by approximately $1.6 billion. Income Tax Expense . We had income tax expense of approximately $3.7 million, $3.0 million, and $1.9 million for the tax years ended December 31, 2023, 2022, and 2021, respectively, which was comprised mainly of state income and franchise taxes related to our taxable REIT subsidiaries. Income Tax Expense – Deferred . For the years ended December 31, 2023, 2022, and 2021, our deferred tax expense was not significant. The income tax returns of Camden Property Trust and its subsidiaries are subject to examination by federal, state, and local tax jurisdictions for years 2020 through 2022. Tax attributes generated in years prior to 2020 are also subject to challenge in any examination of those tax years. We believe we have no uncertain tax positions or unrecognized tax benefits requiring disclosure as of and for the periods presented. Tax Reform. The 2022 Inflation Reduction Act ("the 2022 Act") was passed on August 16, 2022, which is generally applicable for taxable years beginning after December 31, 2022, and included changes to the corporate income tax system. As a REIT, we are generally exempt from the majority of the provisions under the 2022 Act and do not believe the provisions will have a material impact on our consolidated financial statements. |
Acquisitions and Dispositions
Acquisitions and Dispositions | 12 Months Ended |
Dec. 31, 2023 | |
Property, Plant and Equipment [Abstract] | |
Acquisitions and Dispositions | 7. Acquisitions and Dispositions Acquisitions of Land. We did not acquire any land during the year ended December 31, 2023. During the year ended December 31, 2022, we acquired for future development purposes two parcels of land totaling approximately 42.6 acres in Charlotte, North Carolina for an aggregate cost of approximately $32.7 million; approximately 3.8 acres of land in Nashville, Tennessee for approximately $30.5 million; and approximately 15.9 acres of land in Richmond, Texas for approximately $7.8 million. During the year ended December 31, 2021, we acquired for future development purposes approximately 2.0 acres of land in Nashville, Tennessee for $36.6 million; approximately 5.2 acres of land in Denver, Colorado for $24.0 million; approximately 14.6 acres of land in The Woodlands, Texas for $9.3 million; and approximately 0.2 acres of land in St. Petersburg, Florida for $2.1 million. Asset Acquisition of Operating Properties. We did not acquire any operating properties during the year ended December 31, 2023. On April 1, 2022, we purchased the remaining 68.7% ownership interests in two unconsolidated discretionary investment funds (collectively, "the Funds" or "the acquisition of the Funds") for cash consideration of approximately $1.1 billion, after adjusting for our assumption of approximately $515.0 million of existing secured mortgage debt of the Funds which remained outstanding. As a result of this acquisition, we now own 100% ownership interests in 22 multifamily communities comprised of 7,247 units located in Houston, Austin, Dallas, Tampa, Raleigh, Orlando, Washington D.C., Charlotte, and Atlanta. Prior to the acquisition, we accounted for our 31.3% ownership interests in each of these Funds in accordance with the equity method of accounting. We accounted for this transaction as an asset acquisition and remeasured our previously held 31.3% ownership interests in the Funds to fair value at the acquisition date. As a result of this remeasurement, we recognized a gain of approximately $474.1 million. Upon consolidation, the total consideration was allocated to assets and liabilities based on relative fair value, resulting in an increase in assets comprised of $2.1 billion of real estate assets, $44.0 million of in-place leases and $24.7 million of other assets and an increase in liabilities made up of $514.6 million of secured debt, $39.2 million of other liabilities, and approximately $7.6 million of net below market leases. During the year ended December 31, 2021, we acquired one operating property comprised of 558 apartment homes located in Dallas, Texas for approximately $165.5 million in October and one operating property comprised of 368 apartment homes located in St. Petersburg, Florida for approximately $176.3 million in August. In June 2021, we also acquired one operating property comprised of 328 apartment homes located in Franklin, Tennessee for approximately $105.3 million and one operating property comprised of 430 apartment homes located in Nashville, Tennessee for approximately $186.3 million. Sale of Operating Properties. During the year ended December 31, 2023, we sold two operating properties comprised of an aggregate of 852 apartment homes located in Costa Mesa, California for an aggregate of approximately $293.1 million and recognized a gain of approximately $225.3 million. In February 2024, we sold one operating property comprised of 592 apartment homes located in Atlanta, Georgia for approximately $115.0 million. During the year ended December 31, 2022, we sold one operating property comprised of 245 apartment homes located in Largo, Maryland for approximately $71.9 million and recognized a gain of approximately $36.4 million. During the year ended December 31, 2021, we sold two operating properties comprised of an aggregate of 652 apartment homes located in Houston, Texas for an aggregate of approximately $115.0 million and recognized a gain of approximately $81.1 million and one property comprised of 426 apartment homes, located in Laurel, Maryland for approximately $145.0 million and recognized a gain of approximately $93.3 million. |
Investments In Joint Ventures
Investments In Joint Ventures | 12 Months Ended |
Dec. 31, 2023 | |
Equity Method Investments and Joint Ventures [Abstract] | |
Investments In Joint Ventures | 8. Investments in Joint Ventures On April 1, 2022, the Company acquired 100% of the ownership interests in the Funds and consolidated the Funds as of the acquisition date, as discussed in Note 7, "Acquisitions and Dispositions," above. Prior to the acquisition, we held a 31.3% ownership interest in the Funds, and accounted for these investments under the equity method. The following table summarizes the statement of income data for the Funds for the period accounted for under the equity method. 2023 2022 (1) 2021 Total revenues $ — $ 37.2 $ 139.0 Net income — 7.1 21.3 Equity in income (2) — 3.0 9.8 (1) Results for 2022 related to activity during the first quarter. We consolidated the operations of the Funds as of April 1, 2022. (2) Equity in income excluded our ownership interest of fee income from various services provided by us to the Funds. Prior to the acquisition of the remaining interests in the Funds, we earned fees for property and asset management, construction, development, and other services related to the Funds, and we eliminated fee income for services provided to the Funds to the extent of our ownership. Fees earned for these services, net of eliminations, were approximately $1.7 million and $6.6 million for the years ended December 31, 2022 and 2021, respectively. After the acquisition of the Funds on April 1, 2022, we no longer earn these fees. |
Notes Payable
Notes Payable | 12 Months Ended |
Dec. 31, 2023 | |
Notes Payable [Abstract] | |
Notes Payable | 9. Notes Payable The following is a summary of our indebtedness: December 31, (in millions) 2023 2022 Commercial banks 6.57% Term loan, due 2024 $ 39.9 $ 39.8 6.21% Term loan, due 2024 300.0 300.0 6.13% Unsecured revolving credit facility — 42.0 $ 339.9 $ 381.8 Senior unsecured notes 5.07% Notes, due 2023 $ — $ 249.8 4.36% Notes, due 2024 250.0 249.7 3.68% Notes, due 2024 249.7 249.2 6.69% Notes, due 2026 (3) 508.6 — 3.74% Notes, due 2028 398.7 398.3 3.67% Notes, due 2029 (1) 596.1 595.5 2.91% Notes, due 2030 745.4 744.8 3.41% Notes, due 2049 296.9 296.8 $ 3,045.4 $ 2,784.1 Total unsecured notes payable $ 3,385.3 $ 3,165.9 Secured notes Master Credit Facilities 3.78% - 4.04% Conventional Mortgage Notes, due 2026 - 2028 $ 291.3 $ 291.2 6.69% Variable Rate Notes, due 2026 — 166.2 6.99% Variable Rate Construction Note, due 2024 — 18.9 3.87% note, due 2028 38.8 38.7 Total secured notes payable $ 330.1 $ 515.0 Total notes payable (2) $ 3,715.4 $ 3,680.9 Value of real estate assets, at cost, subject to secured notes $ 1,342.2 $ 2,080.9 (1) The 2029 Notes have an effective annual interest rate of approximately 3.84% through June 2026, which includes the effect of a settled forward interest rate swap, and approximately 3.28% thereafter, for an all-in average effective rate of approximately 3.67%. (2) Unamortized debt discounts, debt issuance costs, and fair market value adjustments of $5.5 million and $18.0 million are included in senior unsecured and secured notes payable as of December 31, 2023 and 2022, respectively. (3) Amount includes an $11.6 million cumulative fair value adjustment due to changes in benchmark interest rates related to our 2026 Notes. See further discussion below. At December 31, 2023 we had a $300 million, 6.21% unsecured term loan which matured in August 2024, with one option to extend at our election to August 2025. In January 2024, we utilized a portion of the net proceeds from the notes due January 15, 2034 (the "2034 Notes") to repay the outstanding balance. See further discussion below. We also have a $1.2 billion unsecured revolving credit facility which matures in August 2026, with two options to extend the facility at our election for two consecutive six-month periods and to expand the facility up to three times by up to an additional $500 million upon satisfaction of certain conditions. The interest rates on our unsecured revolving credit facility and term loan are based upon, at our option, (a) the daily or the one-, three-, or six- months Secured Overnight Financing Rate ("SOFR") plus, in each case, a spread based on our credit rating, or (b) a base rate equal to the higher of: (i) the Federal Funds Rate plus 0.50%, (ii) Bank of America, N.A.'s price rate, (iii) Term SOFR plus 1.0%, and (iv) 1.0%. Advances under our unsecured revolving credit facility may be priced at the scheduled rates, or we may enter into bid rate loans with participating banks at rates below the scheduled rates. These bid rate loans have terms of 180 days or less and may not exceed the lesser of $600 million or the remaining amount available under our unsecured revolving credit facility. Our unsecured revolving credit facility and term loan are subject to customary financial covenants and limitations. We believe we are in compliance with all such financial covenants and limitations as of December 31, 2023 and through the date of this filing. Our unsecured revolving credit facility provides us with the ability to issue up to $50 million in letters of credit. While our issuance of letters of credit does not increase our borrowings outstanding under our revolving credit facility, it does reduce the amount available. At December 31, 2023, we had outstanding letters of credit totaling $27.7 million and approximately $1.2 billion available under our unsecured revolving credit facility. In November 2023, we issued $500.0 million aggregate principal amount of 5.85% senior unsecured notes due November 3, 2026 (the "2026 Notes") under our existing shell registration statement. The 2026 Notes were offered to the public 99.997% of their face amount with a stated rate of 5.85% and a yield to maturity of 5.851%. After deducting underwriting discounts and other offering expenses, the net proceeds from the sale of the 2026 Notes was approximately $496.9 million. Interest on the 2026 Notes is payable semi-annually on May 3 and November 3, beginning May 3, 2024. We may redeem the 2026 Notes, in whole or in part, at anytime at a redemption price equal to the principal amount and accrued interest of the notes being redeemed, plus a make-whole provision. If, however, we redeem the 2026 Notes on or after one month prior to their maturity date, the redemption price will equal 100% of the principal amount of the 2026 Notes to be redeemed plus accrued and unpaid interest on the amount being redeemed to the redemption date. The 2026 Notes are direct, senior unsecured obligations and rank equally with all of our other unsecured and unsubordinated indebtedness. At December 31, 2023, the carrying value of the notes was $508.6 million, which included the cumulative fair value adjustment of $11.6 million. We used the net proceeds to repay the outstanding balance on our unsecured revolving credit facility. In connection with the 2026 Notes, we initiated an interest rate swap agreement with an aggregate notional amount of $500.0 million. Under the interest rate swap agreement, we pay a floating interest rate of daily compounded SOFR plus 1.12%. See Note 10, "Derivative Financial Instruments and Hedging Activities," for further discussion of the interest rate swap designated as a fair value hedge. As a result of the acquisition of the Funds on April 1, 2022, we assumed approximately $514.6 million of secured mortgage loans with maturity dates ranging from 2024 to 2028 and effective interest rates on the date of acquisition ranging from 2.47% to 4.04%. These secured mortgage loans consisted of a variable rate construction loan, a fixed rate cross-collateralized and cross-defaulted note between three operating properties, and two cross-collateralized and cross-defaulted master credit facilities with Fannie Mae, which included both fixed conventional mortgage notes and variable rate notes. In connection with the assumed secured mortgage loans discussed above, we recorded an approximate $2.4 million fair value adjustment as a decrease to the note balances, which is being amortized over the respective debt terms as an increase to interest expense. Due to the repayment of the secured variable rate notes discussed below, approximately $0.8 million of the unamortized fair value adjustment was written-off and expensed as part of the loss on the early retirement of debt. During each of the years ended December 31, 2023 and 2022, we also recorded amortization of the fair value adjustment of approximately $0.4 million. The remaining unamortized fair value adjustment at December 31, 2023 was approximately $0.8 million. In May 2023, we utilized draws our unsecured revolving credit facility to retire our $185.2 million secured variable rate notes due in 2024 and 2026. As a result of the early repayments, we recorded a $2.5 million loss on early retirement of debt in our consolidated statements of income and comprehensive income, which was comprised of approximately $1.7 million of prepayment penalties and fees and approximately $0.8 million for the write-off of unamortized fair value adjustments. In June 2023, we utilized draws on our unsecured revolving credit facility to repay the principal amount of our 5.07% senior unsecured notes payable, which matured on June 15, 2023, for a total of $250.0 million, plus accrued interest. At December 31, 2023 we had outstanding floating rate debt of approximately $848.5 million, which includes the 2026 Notes which have been converted to floating rate debt through the issuance of the interest rate swap discussed above. We had floating rate debt of approximately $566.9 million at December 31, 2022, which includes balances outstanding under our unsecured revolving credit facility. The weighted average interest rate on such debt was approximately 6.5% and 5.5% at December 31, 2023 and 2022, respectively. Our indebtedness had a weighted average maturity of 5.6 years at December 31, 2023. The table below is a summary of the maturity dates of our outstanding debt and principal amortizations, and the weighted average interest rates on such debt, at December 31, 2023: (in millions) (1) Amount (2) Weighted Average Interest Rate (3) 2024 (4) $ 536.6 4.2 % 2025 (5) 296.9 6.2 2026 532.7 6.6 2027 172.9 3.9 2028 530.4 3.8 Thereafter 1,645.9 3.3 Total $3,715.4 4.2 % (1) Includes all available extension options. (2) Includes amortization of debt discounts, debt issuance costs, and fair market value adjustments. (3) Includes the effects of the applicable settled derivatives. (4) In January 2024, we repaid the $250.0 million principal balance related to the 4.36% senior unsecured notes. See further discussion below. (5) In January 2024, we repaid the $300 million, 6.21% unsecured term loan. See further discussion below. In January 2024, we issued $400.0 million aggregate principal amount of 4.90% senior unsecured notes due January 15, 2034 under our existing shell registration statement. The 2034 Notes were offered to the public 99.638% of their face amount with a stated rate of 4.90% and a yield to maturity of 4.946%. After deducting underwriting discounts and other offering expenses, the net proceeds from the sale of the 2034 Notes was approximately $394.8 million. Interest on the 2034 Notes is payable semi-annually on January 15 and July 15, beginning July 15, 2024. We may redeem the 2034 Notes, in whole or in part, at anytime at a redemption price equal to the principal amount and accrued interest of the notes being redeemed, plus a make-whole provision. If, however, we redeem the 2034 Notes on or after three months prior to their maturity date, the redemption price will equal 100% of the principal amount of the 2034 Notes to be redeemed plus accrued and unpaid interest on the amount being redeemed to the redemption date. The 2034 Notes are direct, senior unsecured obligations and rank equally with all of our other unsecured and unsubordinated indebtedness. In January 2024, we utilized a portion of the net proceeds from the 2034 Notes to repay the $300.0 million, 6.21% unsecured term loan due in August 2024 with a one year extension option to August 2025. In January 2024, we utilized cash on hand to repay the principal amount of our 4.36% senior unsecured notes payable, which matured on January 15, 2024, for a total of $250.0 million, plus accrued interest. |
Derivative Financial Instrument
Derivative Financial Instruments and Hedging Activities | 12 Months Ended |
Dec. 31, 2023 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
Derivative Instruments and Hedging Activities Disclosure | 10. Derivative Financial Instruments and Hedging Activities Risk Management Objective of Using Derivatives. We are exposed to certain risks arising from both our business operations and economic conditions. We manage economic risks, including interest rate, liquidity, and credit risk, primarily by managing the amount, sources, and duration of our debt funding and the use of derivative financial instruments. Specifically, we may enter into derivative financial instruments to manage exposures arising from business activities resulting in differences in the amount, timing, and duration of our known or expected cash payments principally related to our borrowings. We do not utilize derivative financial instruments for trading or speculative purposes. See Note 2, "Summary of Significant Accounting Policies and Recent Accounting Pronouncements" for a further discussion of derivative financial instruments. Cash Flow Hedges. From time to time, we enter into designated cash flow hedges to manage the variability in cash flows due to changes in benchmark interest rates. We enter into interest rate swap agreements, including forward interest rate swaps and treasury locks, settled in cash based upon the difference between an agreed-up benchmark rate and the prevailing benchmark rate at settlement. The agreements are generally settled around the time of the pricing of the related debt. Each derivative agreement’s gain or loss is recorded to OCI and is subsequently reclassified to interest expense over the life of the related debt. We did not have any material cash flow hedges outstanding as of December 31, 2023 and had no cash flow hedges outstanding as of December 31, 2022 and 2021. At December 31, 2023 an unrealized loss of $0.7 million was recognized in other comprehensive income. There were no unrealized gains or losses recognized for the years ended December 31, 2022 and 2021. During the year ended December 31, 2023, approximately $1.4 million was reclassified from AOCI as an increase to interest expense for derivative financial instruments settled in prior periods. Approximately $1.3 million was reclassified for each of the years ended December 31, 2022 and 2021. Fair Value Hedges. From time to time we utilize interest rate swaps to achieve an additional level of floating rate debt relative to fixed rate debt as we deem appropriate. We designate fixed to floating interest rate swaps as fair value hedges. The changes in fair values of these derivative instruments and the offsetting changes in fair values of the underlying hedged debt due to changes in the relevant benchmark interest rates are recorded in interest expense. Refer to Note 9, " Notes Payable " for additional information on our long-term debt. In November 2023, we utilized an interest rate swap with a notional amount of $500.0 million which exposes us to interest rate fluctuations on our 2026 Notes.This interest rate swap was designated and qualified as a fair value hedging instrument. At December 31, 2023, the carrying value of the notes was $508.6 million, which included the cumulative fair value adjustment of $11.6 million. There were no outstanding fair value hedges at December 31, 2022 or 2021. Refer to Note 12, "Fair Value Measurements" |
Share-Based Compensation and Be
Share-Based Compensation and Benefit Plans | 12 Months Ended |
Dec. 31, 2023 | |
Share-Based Payment Arrangement, Noncash Expense [Abstract] | |
Share-Based Compensation and Benefit Plans | 11. Share-based Compensation and Benefit Plans Incentive Compensation. We currently maintain the 2018 Share Incentive Plan (the "2018 Share Plan"), which was approved by the Company’s shareholders. The shares available for awards under the 2018 Share Plan are, subject to certain other limits under the plan, generally available for any type of award authorized under the 2018 Share Plan, including stock options, stock appreciation rights, restricted stock awards, stock bonuses and other stock-based awards. Persons eligible to receive awards under the 2018 Share Plan include officers and employees of the Company or any of its subsidiaries, Trust Managers of the Company, and certain consultants and advisors to the Company or any of its subsidiaries. A total of 9.7 million shares ("Share Limit") was authorized under the 2018 Share Plan. Shares issued or to be issued are counted against the Share Limit as set forth as (1) 3.45 to 1.0 for every share award, excluding stock options and share appreciation rights, granted, and (2) 1.0 to 1.0 for every share of stock option or share appreciation right granted. As of December 31, 2023, there were approximately 5.2 million common shares available under the 2018 Share Plan, which would result in approximately 1.5 million shares which could be granted pursuant to full value awards conversion ratios as defined under the plan. Total compensation cost for share awards charged against income was approximately $15.8 million, $14.2 million, and $16.1 million for 2023, 2022, and 2021, respectively. Total capitalized compensation cost for share awards was approximately $5.9 million, $4.5 million, and $3.8 million for the years ended December 31, 2023, 2022, and 2021, respectively. A summary of activity under our share incentive plans for the year ended December 31, 2023 is shown below: Nonvested Weighted Nonvested share awards outstanding at December 31, 2022 164,647 $ 132.99 Granted 219,250 117.02 Exercised/Vested (203,547) 121.46 Forfeited (6,186) 130.31 Total nonvested share awards outstanding at December 31, 2023 174,164 $ 126.46 Share Awards and Vesting. Share awards for employees generally vest over three years and are valued at the market value of the shares on the grant date. In the event the holder of the share awards attains at least age 65, and with respect to employees, also attain at least ten or more years of service ("Retirement Eligibility") before the term in which the awards are scheduled to vest, the value of the share awards is amortized from the date of grant to the individual's Retirement Eligibility date. All new share awards granted after reaching Retirement Eligibility vest on the date of grant. At December 31, 2023, 2022 and 2021, the weighted average fair value of share awards granted was $117.02, $161.91 and $105.87, respectively. The total fair value of shares vested during the years ended December 31, 2023, 2022 and 2021 was approximately $24.7 million, $19.4 million, and $23.6 million, respectively. At December 31, 2023, the unamortized value of previously issued unvested share awards was approximately $12.7 million which is expected to be amortized over the next two years. Employee Share Purchase Plan ("ESPP"). In May 2018, our shareholders approved the 2018 Employee Share Purchase Plan (the "2018 ESPP") which amends and restates our 1999 Employee Share Purchase Plan effective with the offering period commencing in June 2018. Under the 2018 ESPP, we may issue up to a total of approximately 500,000 common shares. The 2018 ESPP permits eligible employees to purchase our common shares either through payroll deductions or through semi-annual contributions. Each offering period has a six month duration commencing in June and December for which shares may be purchased at 85% of the market value, as defined on the first or last day of the offering period, whichever price is lower. We currently use treasury shares to satisfy ESPP share requirements. Each participant must hold the shares purchased for nine months in order to receive the discount, and a participant may not purchase more than $25,000 in value of shares during any plan year, as defined. The following table presents information related to our ESPP: 2023 2022 2021 Shares purchased 17,306 15,353 29,857 Weighted average fair value of shares purchased $ 104.26 $ 119.15 $ 141.64 Expense recorded (in millions) $ 0.2 $ 0.2 $ 1.2 Rabbi Trust. We established a rabbi trust for a select group of participants in which share awards granted under the share incentive plan and salary and other cash amounts earned may be deposited. The rabbi trust was only in use for deferrals made prior to 2005, including bonuses related to service in 2004 but paid in 2005. The rabbi trust was an irrevocable trust and no portion of the trust fund may be used for any purpose other than the delivery of those assets to the participants. The assets held in the rabbi trust are subject to the claims of our general creditors in the event of bankruptcy or insolvency. The value of the assets of the rabbi trust is consolidated into our financial statements. Granted share awards held by the rabbi trust are classified in equity in a manner similar to the manner in which treasury stock is accounted. Subsequent changes in the fair value of the shares are not recognized. The deferred compensation obligation is classified as an equity instrument and changes in the fair value of the amount owed to the participant are not recognized. At December 31, 2023 and 2022, approximately 1.0 million and 1.1 million share awards, respectively, were held in the rabbi trust. Additionally, as of December 31, 2023 and 2022, the rabbi trust held trading securities totaling approximately $9.7 million and $8.9 million, respectively, which represents cash deferrals made by plan participants. Market value fluctuations on these trading securities are recognized in income in accordance with GAAP and the liability due to participants is adjusted accordingly. At December 31, 2023 and December 31, 2022, approximately $11.9 million and $13.3 million, respectively, was required to be paid to us by plan participants upon the withdrawal of any assets from the rabbi trust, and is included in "Accounts receivable-affiliates" in our consolidated financial statements. Non-Qualified Deferred Compensation. In 2004, we established a Non-Qualified Deferred Compensation Plan which is an unfunded arrangement established and maintained primarily for the benefit of a select group of participants. Eligible participants commence participation in this plan on the date the deferral election first becomes effective. We credit to the participant's account an amount equal to the amount designated as the participant's deferral for the plan year as indicated in the participant's deferral election(s). Any modification to or termination of the plan will not reduce a participant's right to any vested amounts already credited to his or her account. Approximately 1.1 million and 1.0 million share awards were held in the plan at December 31, 2023 and 2022, respectively. Additionally, as of December 31, 2023 and 2022, the plan held trading securities totaling approximately $122.3 million and $111.7 million, respectively, which represents cash deferrals made by plan participants and diversification of share awards within the plan to trading securities. The value of this plan is recorded in other assets, net, within our consolidated balance sheets. Market value fluctuations on these trading securities are recognized in income in accordance with GAAP and the liability due to participants is adjusted accordingly. The assets held in the Non-Qualified Deferred Compensation Plan are subject to the claims of our general creditors in the event of bankruptcy or insolvency. 401(k) Savings Plan. We have a 401(k) savings plan which is a voluntary defined contribution plan, and provides participating employees the ability to elect to contribute up to 60 percent of eligible compensation, subject to limitations as defined by the federal tax code, with the Company making matching contributions up to a predetermined limit. The matching contributions made for the years ended December 31, 2023, 2022, and 2021 were approximately $3.4 million, $3.4 million , and $3.3 million , respectively |
Fair Value Measurements
Fair Value Measurements | 12 Months Ended |
Dec. 31, 2023 | |
Fair Value Disclosures [Abstract] | |
Fair Value Measurements | 12. Fair Value Measurements Recurring Fair Value Disclosures. The following table presents information about our financial instruments measured at fair value on a recurring basis as of December 31, 2023 and 2022 using the inputs and fair value hierarchy discussed in Note 2, " Summary of Significant Accounting Policies and Recent Accounting Pronouncements " : Financial Instruments Measured at Fair Value on a Recurring Basis December 31, 2023 December 31, 2022 (in millions) Quoted Significant Significant Total Quoted Significant Significant Total Other Assets Deferred compensation plan investments (1) $ 132.0 $ — $ — $ 132.0 $ 120.7 $ — $ — $ 120.7 Derivative financial instruments (fair value hedge) — 11.6 — $ 11.6 — — — $ — Other Liabilities Derivative financial instruments (cash flow hedge) — 0.7 — $ 0.7 — — — $ — (1) Approximately $10.9 million and $3.6 million of participant cash was withdrawn from our deferred compensation plan investments during the years ended December 31, 2023 and 2022, respectively. Nonrecurring Fair Value Disclosures. The nonrecurring fair value disclosures inputs under the fair value hierarchy are discussed in Note 2, " Summary of Significant Accounting Policies and Recent Accounting Pronouncements. " We did not have any asset acquisitions of operating properties in 2023 or impairments in 2023, 2022, or 2021. During the year ended December 31, 2022, we acquired the remaining 68.7% ownership interests in the Funds, which owned 22 multifamily communities. We consolidated these properties upon obtaining 100% ownership interests and recorded the real estate assets and identifiable above and below-market and in-place leases at their relative fair values based upon methods similar to those used by independent appraisers of income-producing properties. Our previously held 31.3% equity interests in the Funds were also remeasured to fair value utilizing these same techniques. The fair value measurements associated with the valuation of these acquired assets represent Level 3 measurements within the fair value hierarchy. See Note 7, "Acquisitions and Dispositions" for a further discussion about these acquisitions. Financial Instrument Fair Value Disclosures. The following table presents the carrying and estimated fair values of our notes payable at December 31, 2023 and 2022, in accordance with the policies discussed in Note 2, "Summary of Significant Accounting Policies and Recent Accounting Pronouncements." December 31, 2023 December 31, 2022 (in millions) Carrying Estimated Carrying Estimated Fixed rate notes payable $ 2,866.9 $ 2,651.6 $ 3,114.0 $ 2,806.1 Floating rate notes payable (1) 848.5 864.9 566.9 566.8 (1) Includes the 2026 Notes at December 31, 2023, and includes balances outstanding under our unsecured revolving credit facility at December 31, 2022. |
Net Change In Operating Account
Net Change In Operating Accounts | 12 Months Ended |
Dec. 31, 2023 | |
Increase (Decrease) in Operating Capital [Abstract] | |
Net Change In Operating Accounts | 13. Net Change in Operating Accounts The effect of changes in the operating accounts and other on cash flows from operating activities is as follows: Year Ended December 31, (in thousands) 2023 2022 2021 Change in assets: Other assets, net $ (1,951) $ (13,950) $ (12,068) Change in liabilities: Accounts payable and accrued expenses 13,639 (2,990) 14,786 Accrued real estate taxes 968 22,901 (809) Other liabilities 2,018 (6,207) (2,133) Other 3,301 4,159 3,742 Change in operating accounts and other $ 17,975 $ 3,913 $ 3,518 |
Commitments And Contingencies
Commitments And Contingencies | 12 Months Ended |
Dec. 31, 2023 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments And Contingencies | 14. Commitments and Contingencies Construction Contracts. As of December 31, 2023, we estimate the additional cost to complete the four projects currently under construction to be approximately $137.6 million. We expect to fund this amount through a combination of one or more of the following: cash flows generated from operations, draws on our unsecured revolving credit facility, the use of debt and equity offerings under our automatic shelf registration statement, proceeds from property dispositions, equity issued from our ATM programs, other unsecured borrowings, or secured mortgages. Litigation . We are subject to various legal proceedings and claims which arise in the ordinary course of business. Matters which arise out of allegation of bodily injury, property damage, and employment practices are generally covered by insurance. While the resolution of these legal proceedings and claims cannot be predicted with certainty, management currently believes the final outcome of such matters will not have a material adverse effect on our consolidated financial statements. We have been named as a defendant in several cases alleging antitrust violations by a seller of revenue management software and owners and/or operators of multi-family housing, including us, which utilize this software. The complaints allege collusion among the defendants to fix rents in violation of Section 1 of the Sherman Act. The U.S. Judicial Panel on Multidistrict Litigation has consolidated 43 cases, including those filed against us, into a single action in the United States District Court for the Middle District of Tennessee. We and our co-defendants formed a joint defense group that allows free communication and strategizing among us and our attorneys, and allows us to combine efforts in drafting motions. Separate and apart from these private causes of action, on November 1, 2023, we, along with 13 other owners and/or operators of multi-family housing and a seller of revenue management software were named as defendants in a lawsuit centering around the use of said revenue management software by the Attorney General of the District of Columbia. We believe these lawsuits are without merit and intend to vigorously defend these actions. Additionally, we have been informed by federal and state regulators they are investigating this matter. At this stage of the proceedings, it is not possible to predict or determine the outcome nor is it possible to estimate the amount of loss, if any, which may be associated with an adverse decision on any of these matters. Other Commitments and Contingencies. In the ordinary course of our business, we issue letters of intent indicating a willingness to negotiate for acquisitions, dispositions, or joint ventures and also enter into arrangements contemplating various transactions. Such letters of intent and other arrangements are non-binding as to either party unless and until a definitive contract is entered into by the parties. Even if definitive contracts relating to the purchase or sale of real property are entered into, these contracts generally provide the purchaser with time to evaluate the property and conduct due diligence, during which periods the purchaser will have the ability to terminate the contracts without penalty or forfeiture of any deposit or earnest money. There can be no assurance definitive contracts will be entered into with respect to any matter covered by letters of intent or we will consummate any transaction contemplated by any definitive contract. Furthermore, due diligence periods for real property are frequently extended as needed. An acquisition or sale of real property becomes probable at the time the due diligence period expires and the definitive contract has not been terminated. We are then at risk under a real property acquisition contract, but generally only to the extent of any earnest money deposits associated with the contract, and are obligated to sell under a real property sales contract. At December 31, 2023, we had approximately $0.6 million of earnest money deposits for potential acquisitions of land included in other assets, net in our consolidated balance sheet of which $0.5 million is non-refundable. Lease Commitments. Substantially all of our operating leases recorded in our consolidated balance sheets are related to office facility leases. We had no significant changes to our lessee lease commitments for the year ended December 31, 2023. The lease and non-lease components, excluding short-term lease contracts with a duration of 12 months or less, are accounted for as a combined single component based upon the standalone price at the time the applicable lease is commenced and is recognized as a lease expense on a straight-line basis over the lease term. Most of our office facility leases include options to renew and generally are not included in the operating lease liabilities or right-of-use ("ROU") assets as they are not reasonably certain of being exercised. If an option to renew is exercised, it would be considered a separate contract and recognized based upon the standalone price at the time the option to renew is exercised. Variable lease payments which values are not known at lease commencement, such as executory costs of real estate taxes, property insurance, and common area maintenance, are expensed as incurred. The following is a summary of our operating lease related information: ($ in millions) As of December 31, Balance sheet Classification 2023 2022 Right-of-use assets, net Other assets, net $ 4.4 $ 6.0 Operating lease liabilities Other liabilities $ 6.0 $ 8.4 ($ in millions) Year ended Statement of income and comprehensive income Classification 2023 2022 Rent expense related to operating lease liabilities General and administrative expenses and property management expenses $ 2.7 $ 2.7 Variable lease expense General and administrative expenses and property management expenses 1.2 1.3 Total lease expense $ 3.9 $ 4.0 ($ in millions) Year ended Statement of cash flows Classification 2023 2022 Cash flows from operating leases Net cash from operating activities $ 2.6 $ 2.5 Supplemental lease information Weighted average remaining lease term (years) 2.4 2.9 Weighted average discount rate - operating leases (1) 5.1 % 4.6 % (1) We use a secured incremental borrowing rate, as defined by ASC 842 based on an estimated secured rate with applicable adjustments, as most of our lease contracts do not provide a readily determinable implicit rate. The following is a summary of our maturities of our lease liabilities as of December 31, 2023: (in millions) Year ended December 31, Operating Leases 2024 $ 3.3 2025 2.4 2026 0.5 2027 0.2 2028 — Thereafter — Less: discount for time value (0.4) Lease liability as of December 31, 2023 $ 6.0 Employment Agreements. |
Schedule III - Real Estate and
Schedule III - Real Estate and Accumulated Depreciation | 12 Months Ended |
Dec. 31, 2023 | |
Schedule III - Real Estate and Accumulated Depreciation [Abstract] | |
Schedule III - Real Estate and Accumulated Depreciation [Text Block] | Camden Property Trust Schedule III Initial Cost Total Cost Land Building/ Cost Land Building/ Total Accumulated Total Cost, Encumbrances Year of Current communities: ARIZONA Phoenix/Scottsdale Camden Chandler $ 5,511 $ 62,429 $ 1,937 $ 5,511 $ 64,366 $ 69,877 $ 20,993 $ 48,884 $ — 2016 Camden Copper Square 4,825 23,672 18,415 4,825 42,087 46,912 27,156 19,756 — 2000 Camden Foothills 11,006 33,712 1,633 11,006 35,345 46,351 12,409 33,942 — 2014 Camden Legacy 4,068 26,612 28,213 4,068 54,825 58,893 40,577 18,316 — 1998 Camden Montierra 13,687 31,727 9,295 13,687 41,022 54,709 16,733 37,976 — 2012 Camden North End I 16,108 82,620 497 16,108 83,117 99,225 28,923 70,302 — 2019 Camden North End II 10,176 70,097 363 10,176 70,460 80,636 16,335 64,301 — 2021 Camden Old Town Scottsdale 23,227 71,784 4,309 23,227 76,093 99,320 25,023 74,297 — 2019 Camden Pecos Ranch 3,362 24,492 12,905 3,362 37,397 40,759 16,374 24,385 — 2012 Camden San Marcos 11,520 35,166 14,693 11,520 49,859 61,379 19,113 42,266 — 2012 Camden San Paloma 6,480 23,045 21,017 6,480 44,062 50,542 26,478 24,064 — 2002 Camden Sotelo 3,376 30,576 3,270 3,376 33,846 37,222 12,106 25,116 — 2013 Camden Tempe 9,248 35,254 1,403 9,248 36,657 45,905 12,551 33,354 — 2015 Camden Tempe II 18,429 89,334 9 18,429 89,343 107,772 8,811 98,961 — 2023 CALIFORNIA Los Angeles/Orange County Camden Crown Valley 9,381 54,210 20,724 9,381 74,934 84,315 48,434 35,881 — 2001 Camden Glendale 21,492 96,158 4,173 21,492 100,331 121,823 31,732 90,091 — 2015 Camden Harbor View 16,079 127,459 45,262 16,079 172,721 188,800 102,606 86,194 — 2003 Camden Main and Jamboree 17,363 75,387 15,680 17,363 91,067 108,430 34,967 73,463 — 2008 The Camden 18,286 118,730 2,082 18,286 120,812 139,098 35,935 103,163 — 2016 San Diego/Inland Empire Camden Hillcrest 20,409 72,487 488 20,409 72,975 93,384 12,037 81,347 — 2021 Camden Landmark 17,339 71,315 13,185 17,339 84,500 101,839 31,102 70,737 — 2012 Camden Old Creek 20,360 71,777 10,821 20,360 82,598 102,958 44,484 58,474 — 2007 Camden Sierra at Otay Ranch 10,585 49,781 17,108 10,585 66,889 77,474 41,772 35,702 — 2003 Camden Tuscany 3,330 36,466 11,713 3,330 48,179 51,509 29,318 22,191 — 2003 Camden Vineyards 4,367 28,494 12,439 4,367 40,933 45,300 24,144 21,156 — 2002 COLORADO Denver Camden Belleview Station 8,091 44,003 12,614 8,091 56,617 64,708 22,392 42,316 — 2012 Camden Caley 2,047 17,445 13,806 2,047 31,251 33,298 22,427 10,871 — 2000 Camden Denver West $ 6,396 $ 51,552 $ 15,273 $ 6,396 $ 66,825 $ 73,221 $ 28,080 $ 45,141 $ — 2012 Camden Flatirons 6,849 72,631 2,283 6,849 74,914 81,763 26,517 55,246 — 2015 Camden Highlands Ridge 2,612 34,726 26,486 2,612 61,212 63,824 42,947 20,877 — 1996 Camden Interlocken 5,293 31,612 24,696 5,293 56,308 61,601 39,918 21,683 — 1999 Camden Lakeway 3,915 34,129 34,556 3,915 68,685 72,600 48,529 24,071 — 1997 Camden Lincoln Station 4,648 51,762 922 4,648 52,684 57,332 16,791 40,541 — 2017 Camden RiNo 15,989 63,147 317 15,989 63,464 79,453 16,502 62,951 — 2020 WASHINGTON DC METRO Camden Ashburn Farm 4,835 22,604 7,392 4,835 29,996 34,831 17,866 16,965 — 2005 Camden College Park 16,409 91,503 15,980 16,409 107,483 123,892 42,953 80,939 — 2008 Camden Dulles Station 10,807 61,548 15,240 10,807 76,788 87,595 37,723 49,872 — 2008 Camden Fair Lakes 15,515 104,223 18,499 15,515 122,722 138,237 69,971 68,266 — 2005 Camden Fairfax Corner 8,484 72,953 14,996 8,484 87,949 96,433 48,720 47,713 — 2006 Camden Fallsgrove 9,408 43,647 8,908 9,408 52,555 61,963 30,251 31,712 — 2005 Camden Grand Parc 7,688 35,900 7,546 7,688 43,446 51,134 23,754 27,380 — 2005 Camden Lansdowne 15,502 102,267 30,796 15,502 133,063 148,565 78,568 69,997 — 2005 Camden Monument Place 9,030 54,089 12,566 9,030 66,655 75,685 34,225 41,460 — 2007 Camden NoMa 19,442 82,306 2,504 19,442 84,810 104,252 30,936 73,316 — 2014 Camden NoMa II 17,331 91,211 493 17,331 91,704 109,035 40,485 68,550 — 2017 Camden Potomac Yard 16,498 88,317 16,638 16,498 104,955 121,453 52,560 68,893 — 2008 Camden Roosevelt 11,470 45,785 8,714 11,470 54,499 65,969 30,344 35,625 — 2005 Camden Shady Grove 24,177 89,820 1,690 24,177 91,510 115,687 35,916 79,771 — 2018 Camden Silo Creek 9,707 45,301 11,242 9,707 56,543 66,250 32,157 34,093 — 2005 Camden South Capitol 24,829 117,638 514 24,829 118,152 142,981 13,322 129,659 51,669 2022 Camden Washingtonian 13,512 75,134 592 13,512 75,726 89,238 25,203 64,035 — 2018 FLORIDA Southeast Florida Camden Atlantic 9,000 93,340 39 9,000 93,379 102,379 7,906 94,473 — 2022 Camden Aventura 12,185 47,616 18,320 12,185 65,936 78,121 39,814 38,307 — 2005 Camden Boca Raton 2,201 50,057 2,215 2,201 52,272 54,473 17,930 36,543 — 2014 Camden Brickell 14,621 57,031 45,174 14,621 102,205 116,826 58,162 58,664 — 2005 Camden Doral 10,260 40,416 9,964 10,260 50,380 60,640 29,679 30,961 — 2005 Camden Doral Villas 6,476 25,543 9,770 6,476 35,313 41,789 21,727 20,062 — 2005 Camden Las Olas 12,395 79,518 39,526 12,395 119,044 131,439 67,482 63,957 — 2005 Camden Plantation 6,299 77,964 24,040 6,299 102,004 108,303 56,073 52,230 — 2005 Camden Portofino 9,867 38,702 14,895 9,867 53,597 63,464 30,804 32,660 — 2005 Orlando Camden Hunter's Creek 4,156 20,925 8,648 4,156 29,573 33,729 18,104 15,625 — 2005 Camden Lago Vista $ 3,497 $ 29,623 $ 7,729 $ 3,497 $ 37,352 $ 40,849 $ 22,974 $ 17,875 $ — 2005 Camden Lake Eola 11,374 113,700 585 11,374 114,285 125,659 21,516 104,143 — 2021 Camden LaVina 12,907 42,617 11,198 12,907 53,815 66,722 20,536 46,186 — 2012 Camden Lee Vista 4,350 34,643 21,699 4,350 56,342 60,692 37,580 23,112 — 2000 Camden North Quarter 9,990 68,471 2,309 9,990 70,780 80,770 23,781 56,989 — 2018 Camden Orange Court 5,319 40,733 9,453 5,319 50,186 55,505 23,945 31,560 — 2008 Camden Thornton Park 11,711 74,628 6,825 11,711 81,453 93,164 25,162 68,002 — 2018 Camden Town Square 13,127 45,997 2,712 13,127 48,709 61,836 19,026 42,810 — 2012 Camden Waterford Lakes 19,504 65,647 862 19,504 66,509 86,013 9,576 76,437 29,347 2022 Camden World Gateway 5,785 51,821 12,847 5,785 64,668 70,453 36,495 33,958 — 2005 Tampa/St. Petersburg Camden Bay 7,450 63,283 40,783 7,450 104,066 111,516 69,573 41,943 — 1998/2002 Camden Central 21,780 149,251 2,670 21,780 151,921 173,701 25,675 148,026 — 2021 Camden Montague 3,576 16,534 1,641 3,576 18,175 21,751 7,776 13,975 — 2012 Camden Pier District 21,149 105,383 4,419 21,149 109,802 130,951 36,658 94,293 — 2018 Camden Preserve 1,206 17,982 15,715 1,206 33,697 34,903 26,739 8,164 — 1997 Camden Royal Palms 2,147 38,339 7,005 2,147 45,344 47,491 23,381 24,110 — 2007 Camden Visconti 27,031 114,061 3,296 27,031 117,357 144,388 15,258 129,130 38,245 2022 Camden Westchase Park 11,955 36,254 7,592 11,955 43,846 55,801 15,768 40,033 — 2012 GEORGIA Atlanta Camden Brookwood 7,174 31,984 19,938 7,174 51,922 59,096 30,873 28,223 — 2005 Camden Buckhead 7,761 156,926 519 7,761 157,445 165,206 27,846 137,360 — 2022 Camden Buckhead Square 13,200 43,785 2,792 13,200 46,577 59,777 13,255 46,522 — 2017 Camden Creekstone 5,017 19,912 7,312 5,017 27,224 32,241 12,099 20,142 — 2012 Camden Deerfield 4,895 21,922 17,453 4,895 39,375 44,270 23,481 20,789 — 2005 Camden Dunwoody 5,290 23,642 17,197 5,290 40,839 46,129 23,082 23,047 — 2005 Camden Fourth Ward 10,477 51,258 2,849 10,477 54,107 64,584 19,628 44,956 — 2014 Camden Midtown Atlanta 6,196 33,828 14,495 6,196 48,323 54,519 29,720 24,799 — 2005 Camden Paces 15,262 102,521 3,229 15,262 105,750 121,012 37,227 83,785 — 2015 Camden Peachtree City 6,536 29,063 10,535 6,536 39,598 46,134 24,231 21,903 — 2005 Camden Phipps 26,840 71,006 7,069 26,840 78,075 104,915 8,883 96,032 — 2022 Camden Shiloh 4,181 18,798 7,529 4,181 26,327 30,508 16,792 13,716 — 2005 Camden St. Clair 7,526 27,486 12,085 7,526 39,571 47,097 23,898 23,199 — 2005 Camden Stockbridge 5,071 22,693 7,050 5,071 29,743 34,814 17,921 16,893 — 2005 Camden Vantage 11,787 68,822 22,955 11,787 91,777 103,564 34,106 69,458 — 2013 NORTH CAROLINA Charlotte Camden Ballantyne $ 4,503 $ 30,250 $ 14,055 $ 4,503 $ 44,305 $ 48,808 $ 26,266 $ 22,542 $ — 2005 Camden Cotton Mills 4,246 19,147 9,370 4,246 28,517 32,763 17,951 14,812 — 2005 CoWork by Camden 814 3,422 25 814 3,447 4,261 1,132 3,129 — 2019 Camden Dilworth 516 16,633 6,717 516 23,350 23,866 13,035 10,831 — 2006 Camden Fairview 1,283 7,223 8,944 1,283 16,167 17,450 9,005 8,445 — 2005 Camden Foxcroft 1,408 7,919 7,618 1,408 15,537 16,945 9,402 7,543 — 2005 Camden Foxcroft II 1,152 6,499 5,020 1,152 11,519 12,671 7,219 5,452 — 2005 Camden Gallery 7,930 51,957 1,672 7,930 53,629 61,559 17,076 44,483 — 2017 Camden Grandview 7,570 33,859 21,134 7,570 54,993 62,563 31,305 31,258 — 2005 Camden Grandview II 4,656 17,852 241 4,656 18,093 22,749 5,031 17,718 — 2019 Camden NoDa 10,926 96,714 2 10,926 96,716 107,642 4,699 102,943 — 2023 Camden Sedgebrook 5,266 29,211 18,235 5,266 47,446 52,712 25,744 26,968 — 2005 Camden South End 6,625 29,175 19,564 6,625 48,739 55,364 29,788 25,576 — 2005 Camden Southline 29,754 74,533 383 29,754 74,916 104,670 8,875 95,795 32,414 2022 Camden Stonecrest 3,941 22,021 9,227 3,941 31,248 35,189 19,446 15,743 — 2005 Camden Touchstone 1,203 6,772 5,244 1,203 12,016 13,219 7,576 5,643 — 2005 Raleigh Camden Asbury Village 17,510 79,585 1,108 17,510 80,693 98,203 10,400 87,803 29,246 2022 Camden Carolinian 14,765 56,674 1,915 14,765 58,589 73,354 13,474 59,880 — 2019 Camden Crest 4,412 31,108 19,986 4,412 51,094 55,506 25,734 29,772 — 2005 Camden Governor's Village 3,669 20,508 10,190 3,669 30,698 34,367 18,147 16,220 — 2005 Camden Lake Pine 5,746 31,714 18,125 5,746 49,839 55,585 31,181 24,404 — 2005 Camden Manor Park 2,535 47,159 14,305 2,535 61,464 63,999 34,986 29,013 — 2006 Camden Overlook 4,591 25,563 13,141 4,591 38,704 43,295 24,710 18,585 — 2005 Camden Reunion Park 2,931 18,457 14,177 2,931 32,634 35,565 20,808 14,757 — 2005 Camden Westwood 4,567 25,519 13,911 4,567 39,430 43,997 23,134 20,863 — 2005 TENNESSEE Nashville Camden Franklin Park 13,785 88,573 3,594 13,785 92,167 105,952 17,597 88,355 — 2021 Camden Music Row 21,802 152,340 2,164 21,802 154,504 176,306 27,264 149,042 — 2021 TEXAS Austin Camden Amber Oaks 9,987 68,719 1,000 9,987 69,719 79,706 10,291 69,415 — 2022 Camden Amber Oaks II 7,973 50,052 503 7,973 50,555 58,528 7,471 51,057 — 2022 Camden Brushy Creek 9,618 54,076 703 9,618 54,779 64,397 7,062 57,335 12,107 2022 Camden Cedar Hills 2,684 20,931 5,982 2,684 26,913 29,597 14,164 15,433 — 2008 Camden Gaines Ranch 5,094 37,100 17,259 5,094 54,359 59,453 30,993 28,460 — 2005 Camden Huntingdon 2,289 17,393 20,775 2,289 38,168 40,457 26,679 13,778 — 1995 Camden La Frontera $ 3,250 $ 32,376 $ 1,928 $ 3,250 $ 34,304 $ 37,554 $ 12,759 $ 24,795 $ — 2015 Camden Lamar Heights 3,988 42,773 1,779 3,988 44,552 48,540 16,282 32,258 — 2015 Camden Rainey Street 30,044 85,477 3,257 30,044 88,734 118,778 24,238 94,540 — 2019 Camden Shadow Brook 18,039 101,572 1,664 18,039 103,236 121,275 13,286 107,989 23,348 2022 Camden Stoneleigh 3,498 31,285 12,282 3,498 43,567 47,065 25,405 21,660 — 2006 Dallas/Fort Worth Camden Addison 11,516 29,332 11,256 11,516 40,588 52,104 20,428 31,676 — 2012 Camden Belmont 12,521 61,522 9,056 12,521 70,578 83,099 28,516 54,583 — 2012 Camden Buckingham 2,704 21,251 14,806 2,704 36,057 38,761 27,526 11,235 — 1997 Camden Centreport 1,613 12,644 9,055 1,613 21,699 23,312 16,608 6,704 — 1997 Camden Cimarron 2,231 14,092 10,094 2,231 24,186 26,417 21,032 5,385 — 1997 Camden Design District 30,004 90,678 1,001 30,004 91,679 121,683 10,946 110,737 — 2022 Camden Farmers Market 17,341 74,193 39,758 17,341 113,951 131,292 75,475 55,817 — 2001/2005 Camden Greenville 42,645 116,923 3,417 42,645 120,340 162,985 13,676 149,309 — 2021 Camden Henderson 3,842 15,256 1,455 3,842 16,711 20,553 6,915 13,638 — 2012 Camden Legacy Creek 2,052 12,896 9,338 2,052 22,234 24,286 17,945 6,341 — 1997 Camden Legacy Park 2,560 15,449 16,120 2,560 31,569 34,129 21,823 12,306 — 1997 Camden Panther Creek 8,850 62,860 758 8,850 63,618 72,468 8,185 64,283 14,373 2022 Camden Riverwalk 24,961 133,698 1,821 24,961 135,519 160,480 17,487 142,993 — 2022 Camden Valley Park 3,096 14,667 20,236 3,096 34,903 37,999 31,275 6,724 — 1994 Camden Victory Park 13,445 71,735 2,449 13,445 74,184 87,629 23,998 63,631 — 2016 Houston Camden City Centre 4,976 44,735 15,995 4,976 60,730 65,706 31,853 33,853 — 2007 Camden City Centre II 5,101 28,131 1,485 5,101 29,616 34,717 11,675 23,042 — 2013 Camden Cypress Creek 8,282 69,368 818 8,282 70,186 78,468 9,047 69,421 12,343 2022 Camden Cypress Creek II 5,940 50,102 121 5,940 50,223 56,163 6,469 49,694 — 2022 Camden Downs at Cinco Ranch 8,285 77,053 1,169 8,285 78,222 86,507 10,120 76,387 — 2022 Camden Downtown 7,813 123,819 774 7,813 124,593 132,406 35,045 97,361 — 2020 Camden Grand Harbor 7,841 64,834 1,492 7,841 66,326 74,167 8,466 65,701 11,701 2022 Camden Greenway 16,916 43,933 27,038 16,916 70,971 87,887 53,775 34,112 — 1999 Camden Heights 34,079 88,824 1,291 34,079 90,115 124,194 10,779 113,415 31,703 2022 Camden Highland Village 28,536 111,802 7,991 28,536 119,793 148,329 31,342 116,987 — 2019 Camden Holly Springs 11,108 42,852 16,691 11,108 59,543 70,651 28,752 41,899 — 2012 Camden McGowen Station 6,089 85,038 3,610 6,089 88,648 94,737 30,297 64,440 — 2018 Camden Midtown 4,583 18,026 14,026 4,583 32,052 36,635 24,971 11,664 — 1999 Camden Northpointe 5,593 81,289 990 5,593 82,279 87,872 10,613 77,259 15,639 2022 Camden Plaza 7,204 31,044 10,728 7,204 41,772 48,976 18,037 30,939 — 2007 Camden Post Oak 14,056 92,515 23,515 14,056 116,030 130,086 47,427 82,659 — 2013 Camden Royal Oaks $ 1,055 $ 20,046 $ 6,124 $ 1,055 $ 26,170 $ 27,225 $ 14,795 $ 12,430 $ — 2006 Camden Royal Oaks II 587 12,743 39 587 12,782 13,369 5,127 8,242 — 2012 Camden Spring Creek 12,317 73,942 4,299 12,317 78,241 90,558 9,934 80,624 — 2022 Camden Stonebridge 1,016 7,137 8,529 1,016 15,666 16,682 13,074 3,608 — 1993 Camden Sugar Grove 7,614 27,594 7,564 7,614 35,158 42,772 15,536 27,236 — 2012 Camden Travis Street 1,780 29,104 3,156 1,780 32,260 34,040 15,393 18,647 — 2010 Camden Vanderbilt 16,076 44,918 46,145 16,076 91,063 107,139 63,297 43,842 — 1994/1997 Camden Whispering Oaks 1,188 26,242 3,868 1,188 30,110 31,298 15,383 15,915 — 2008 Camden Woodson Park 3,995 62,430 643 3,995 63,073 67,068 8,067 59,001 11,821 2022 Camden Yorktown 6,673 68,568 827 6,673 69,395 76,068 8,933 67,135 16,171 2022 Total current communities: $ 1,701,683 $ 9,177,188 $ 1,728,582 $ 1,701,683 $ 10,905,770 $ 12,607,453 $ 4,330,969 $ 8,276,484 $ 330,127 Communities under construction: Name / location Camden Durham (1) Durham, NC $ — $ 126,829 $ — $ — $ 126,829 $ 126,829 $ 957 $ 125,872 $ — N/A Camden Woodmill Creek (1) The Woodlands, TX — 64,506 — — 64,506 64,506 589 63,917 — N/A Camden Village District — 68,443 — — 68,443 68,443 — 68,443 — N/A Camden Long Meadow Farms — 40,715 — — 40,715 40,715 9 40,706 — N/A Total communities under construction: $ — $ 300,493 $ — $ — $ 300,493 $ 300,493 $ 1,555 $ 298,938 $ — Development pipeline communities: Name/location Camden South Charlotte, $ — $ 32,858 $ — $ — $ 32,858 $ 32,858 $ — $ 32,858 $ — N/A Camden Blakeney — 25,964 — — 25,964 25,964 — 25,964 — N/A Camden Baker — 33,116 — — 33,116 33,116 — 33,116 — N/A Camden Nations — 39,031 — — 39,031 39,031 — 39,031 — N/A Camden Gulch — 49,156 — — 49,156 49,156 — 49,156 — N/A Camden Paces III — 22,485 — — 22,485 22,485 — 22,485 — N/A Camden Highland Village II — 10,451 — — 10,451 10,451 — 10,451 — N/A Camden Arts District $ — $ 45,479 $ — $ — $ 45,479 $ 45,479 $ — $ 45,479 $ — N/A Camden Downtown II — 14,364 — — 14,364 14,364 — 14,364 — N/A Total development pipeline communities: $ — $ 272,904 $ — $ — $ 272,904 $ 272,904 $ — $ 272,904 $ — Corporate $ — $ 11,277 $ — $ — $ 11,277 $ 11,277 $ — $ 11,277 $ — N/A $ — $ 11,277 $ — $ — $ 11,277 $ 11,277 $ — $ 11,277 $ — TOTAL $ 1,701,683 $ 9,761,862 $ 1,728,582 $ 1,701,683 $ 11,490,444 $ 13,192,127 $ 4,332,524 $ 8,859,603 $ 330,127 (1) Property is in lease-up at December 31, 2023. Balances presented here include costs which are included in buildings and improvements and land on the consolidated balance sheet at December 31, 2023. These costs related to completed unit turns for this property. Camden Property Trust Schedule III The changes in total real estate assets for the years ended December 31: 2023 2022 2021 Balance, beginning of period $ 12,915,873 $ 10,449,067 $ 9,553,177 Additions during period: Acquisition of operating properties — 2,068,440 607,099 Development and repositions 309,678 352,174 346,173 Improvements 109,257 105,321 87,297 Deductions during period: Cost of real estate sold (142,681) (59,129) (144,679) Balance, end of period $ 13,192,127 $ 12,915,873 $ 10,449,067 The changes in accumulated depreciation for the years ended December 31: 2023 2022 2021 Balance, beginning of period $ 3,848,111 $ 3,358,027 $ 3,034,186 Depreciation of real estate assets 562,397 515,413 387,432 Dispositions (77,984) (25,329) (63,591) Balance, end of period $ 4,332,524 $ 3,848,111 $ 3,358,027 The aggregate cost for federal income tax purposes at December 31, 2023 was $11.0 billion. |
Schedule IV - Mortgage Loans on
Schedule IV - Mortgage Loans on Real Estate | 12 Months Ended |
Dec. 31, 2023 | |
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Abstract] | |
Schedule IV - Mortgage Loans on Real Estate [Text Block] | Camden Property Trust Schedule IV ($ in thousands) Description Interest Rate Final Maturity Date Periodic payment terms Face amount of Carrying amount of Parking Garage (b) October 1, 2025 (c) $ 18,790 $ 2,087 (a) The aggregate cost at December 31, 2023 for federal income tax purposes was approximately $2,087. (b) This loan currently bears interest at 7% on any unpaid principal balance. (c) Payments will consist of annual interest and principal payments from October 1, 2021 to October 1, 2025. Changes in mortgage loans for the years ended December 31 are summarized below: 2023 2022 2021 Balance, beginning of period $ 3,532 $ 4,978 $ 6,423 Deductions: Collections of principal (1,445) (1,446) (1,445) Balance, end of period $ 2,087 $ 3,532 $ 4,978 |
Summary of Significant Accoun_2
Summary of Significant Accounting Policies and Recent Accounting Pronouncements (Policies) | 12 Months Ended |
Dec. 31, 2023 | |
Accounting Policies [Abstract] | |
Principles Of Consolidation | Principles of Consolidation . Our consolidated financial statements include our accounts and the accounts of other subsidiaries and joint ventures (including partnerships and limited liability companies) over which we have control. All intercompany transactions, balances, and profits have been eliminated in consolidation. Investments acquired or created are evaluated based on the accounting guidance relating to variable interest entities ("VIEs"), which requires the consolidation of VIEs in which we are considered to be the primary beneficiary. If the investment is determined not to be a VIE, then the investment is evaluated for consolidation primarily using a voting interest model. In determining if we have a controlling financial interest, we consider factors such as ownership interests, authority to make decisions, kick-out rights, and participating rights. As of December 31, 2023, two of our consolidated operating partnerships are VIEs. We are considered the primary beneficiary of both consolidated operating partnerships and therefore consolidate these operating partnerships. As of December 31, 2023, we held approximately 93% and 95% of the outstanding common limited partnership units and the sole 1% general partnership interest in each of these consolidated operating partnerships. |
Acquisitions of Real Estate | Acquisitions of Real Estate . Upon the acquisition of real estate, we determine the fair value of tangible and intangible assets, which includes land, buildings (as-if-vacant), furniture and fixtures, the value of in-place leases, including above and below market leases, and acquired liabilities. In estimating these values, we apply methods similar to those used by independent appraisers of income-producing property. Estimates of fair value of acquired debt are based upon interest rates available for the issuance of debt with similar terms and remaining maturities. Depreciation is computed on a straight-line basis over the remaining useful lives of the related tangible assets. The value of in-place leases and above or below market leases is amortized over the estimated average remaining life of leases in place at the time of acquisition; the net carrying value of in-place leases are included in other assets, net, and the net carrying value of above or below market leases are included in other liabilities, net in our consolidated balance sheets. We did not recognize amortization expense related to in-place leases or revenue related to net below-market leases during the year ended December 31, 2023. We recognized amortization expense related to in-place leases of approximately $50.3 million, and $22.2 million and recognized revenue related to net below-market leases of approximately $8.6 million and $1.1 million for the years ended December 31, 2022 and 2021, respectively. During the years ended December 31, 2022 and 2021, the weighted average amortization periods for in-place leases was approximately eight months and nine months, respectively, and the weighted average amortization periods for net below-market leases was approximately seven months and ten months, respectively. |
Asset Impairment | Asset Impairment . Long-lived assets are reviewed for impairment annually or whenever events or changes in circumstances indicate the carrying amount of an asset may not be recoverable. Impairment may exist if estimated future undiscounted cash flows associated with long-lived assets are not sufficient to recover the carrying value of such assets. We consider projected future undiscounted cash flows, trends, strategic decisions regarding future development plans, and other factors in our assessment of whether impairment indicators exist. While we believe our estimates of future cash flows are reasonable, different assumptions regarding a number of factors, including market rents, economic conditions, and occupancies, could significantly affect these estimates. When impairment exists, the long-lived asset is adjusted to its fair value. In estimating fair value, management uses appraisals, management estimates, and discounted cash flow calculations which utilize inputs from a marketplace participant’s perspective. In addition, we evaluate our equity investments in joint ventures, if any, and if we believe there is an other than temporary decline in market value of our investment below our carrying value, we will record an impairment charge. We did not record any impairment charges for the years ended December 31, 2023, 2022, or 2021. The value of our properties under development depends on market conditions including estimates of the project start date, projected construction costs, as well as estimates of demand for multifamily communities. We have reviewed market trends and other marketplace information and have incorporated this information as well as our current outlook into the assumptions we use in our impairment analyses. Due to the judgment and assumptions applied in the impairment analyses, it is possible actual results could differ substantially from those estimated. We believe the carrying value of our operating real estate assets, properties under development, and land is currently recoverable. However, if market conditions deteriorate or if changes in our development strategy significantly affect any key assumptions used in our fair value estimates, we may need to take material charges in future periods for impairments related to existing assets. Any such non-cash charges could have an adverse effect on our consolidated financial position and results of operations. |
Cash, Cash Equivalents, and Short-term Investments | Cash and Cash Equivalents . All cash and investments in money market accounts and other highly liquid securities with a maturity of three months or less at the date of purchase are considered to be cash and cash equivalents. We maintain the majority of our cash and cash equivalents at major financial institutions in the United States and deposits with these financial institutions may exceed the amount of insurance provided on such deposits; however, we regularly monitor the financial stability of these financial institutions and believe we are not currently exposed to any significant default risk with respect to these deposits. |
Cost Capitalization | Cost Capitalization . Real estate assets are carried at cost plus capitalized carrying charges. Carrying charges are primarily interest and real estate taxes which are capitalized as part of properties under development. Capitalized interest is generally based on the weighted average interest rate of our unsecured debt. Expenditures directly related to the development and improvement of real estate assets are capitalized at cost as land and buildings and improvements. Indirect development costs, including salaries and benefits and other related costs directly attributable to the development of properties, are also capitalized. We begin capitalizing development, construction, and carrying costs when the development of the future real estate asset is probable and activities necessary to prepare the underlying real estate for its intended use have been initiated. All construction and certain carrying costs are capitalized and reported in the balance sheet as properties under development until the apartment homes are substantially completed. As apartment homes within development properties are completed, the total capitalized development cost of each apartment home is transferred from properties under development including land to buildings and improvements. As discussed above, carrying charges are principally interest and real estate taxes capitalized as part of properties under development. Capitalized interest was approximately $20.2 million, $18.1 million, and $16.7 million for the years ended December 31, 2023, 2022, and 2021, respectively. Capitalized real estate taxes were approximately $3.4 million, $4.2 million, and $2.8 million for the years ended December 31, 2023, 2022, and 2021, respectively. Where possible, we stage our construction to allow leasing and occupancy during the construction period, which we believe minimizes the duration of the lease-up period following completion of construction. Our accounting policy related to properties in the development and leasing phase is to expense all operating costs associated with completed apartment homes. We capitalize renovation and improvement costs we believe extend the economic lives of depreciable property. Capital expenditures subsequent to initial construction are capitalized and depreciated over their estimated useful lives. Depreciation and amortization is computed over the expected useful lives of depreciable property on a straight-line basis with lives generally as follows: Estimated Buildings and improvements 5-35 years Furniture, fixtures, equipment and other 3-20 years Intangible assets/liabilities (in-place leases and below market leases) underlying lease term |
Derivative Financial Instruments | Derivative Financial Instruments. Derivative financial instruments are recorded in the consolidated balance sheets at fair value and presented on a gross basis for financial reporting purposes even when those instruments are subject to master netting arrangements and may otherwise qualify for net presentation. Accounting for changes in the fair value of derivatives depends on the intended use of the derivative, whether we have elected to designate a derivative in a hedging relationship and apply hedge accounting, and whether the hedging relationship has satisfied the criteria necessary to apply hedge accounting. Cash flows from derivatives and the related gains and losses are classified as cash flows from operating activities on the consolidated statements of cash flows. Cash Flow Hedges. For derivative instruments which are designated and qualify as a cash flow hedge, the derivative's gain or loss is reported as a component to other comprehensive income ("OCI") and recorded in accumulated other comprehensive income ("AOCI") on our consolidated balance sheets. The gain or loss is subsequently reclassified into net earnings when the hedged exposure affects net earnings, in the same line item as the underlying hedged item on our consolidated statements of earnings. Cash flow hedges related to anticipated transactions are designated and documented at the inception of each hedge. Cash flows from hedging transactions are classified in the same categories as the cash flows from the respective hedged items. Fair Value Hedges. For derivative instruments which are designated and qualify as a fair value hedge, the changes in fair value of the derivative instrument and the offsetting changes in fair value of the underlying hedged item due to changes in the hedged risk are recorded to interest expense on our consolidated statements of earnings. Counterparty Credit Risk. Fair values of our derivatives can change significantly from period to period based on, among other factors, market movements and changes in our positions. We manage counterparty credit risk (the risk counterparties will default and not make payments to us according to the terms of our agreements) on an individual counterparty basis. |
Assets Held for Sale (Including Discontinued Operations) | Gains or losses on sales of real estate. The Company recognizes the sale, and associated gain or loss from the disposition, when the criteria for derecognition of an asset is met, including when a contract exists and the buyer obtained control of the nonfinancial asset sold, in accordance with accounting principles generally accepted in the United States of America ("GAAP"). |
Fair Value | Fair Value . For financial assets and liabilities recorded at fair value on a recurring or non-recurring basis, fair value is the price we would receive to sell an asset, or pay to transfer a liability, in an orderly transaction with a market participant at the measurement date. In the absence of such data, fair value is estimated using internal information consistent with what market participants would use in a hypothetical transaction. In determining fair value, observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect our market assumptions; preference is given to observable inputs. These two types of inputs create the following fair value hierarchy: • Level 1: Quoted prices for identical instruments in active markets. • Level 2: Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations whose inputs are observable or whose significant value drivers are observable. • Level 3: Significant inputs to the valuation model are unobservable. Recurring Fair Value Measurements. The following describes the valuation methodologies we use to measure different financial instruments at fair value on a recurring basis: Derivative Financial Instruments. The estimated fair values of derivative financial instruments are valued using widely accepted valuation techniques including discounted cash flow analysis on the expected cash flows of each derivative. This analysis reflects the contractual terms of the derivatives, including the period to maturity, and uses observable market-based inputs, including interest rate curves and volatility. The fair values of interest rate swaps are estimated using the market-standard methodology of netting the discounted fixed cash payments and the discounted expected variable cash receipts. The variable cash receipts are based on an expectation of interest rates (forward curves) derived from observable market interest rate curves. In addition, credit valuation adjustments, which consider the impact of any credit enhancements to the contracts, are incorporated in the fair values to account for potential nonperformance risk, including our own nonperformance risk and the respective counterparty’s nonperformance risk. Although we have determined the majority of the inputs used to value our derivatives fall within Level 2 of the fair value hierarchy, the credit valuation adjustments associated with our derivatives utilize Level 3 inputs, such as estimates of current credit spreads, to evaluate the likelihood of default. However, we have assessed the significance of the impact of the credit valuation adjustments on the overall valuation of our derivative positions and have determined the credit valuation adjustments are not significant to the overall valuation of our derivatives. As a result, we have determined our derivative valuations in their entirety are classified in Level 2 of the fair value hierarchy. Deferred Compensation Plan Investments. The estimated fair values of investment securities classified as deferred compensation plan investments are based on quoted market prices utilizing public information for the same transactions. Our deferred compensation plan investments are recorded in other assets in our consolidated balance sheets. The inputs associated with the valuation of our recurring deferred compensation plan investments are included in Level 1 of the fair value hierarchy. Non-recurring Fair Value Measurements. Certain assets are measured at fair value on a non-recurring basis. These assets are not measured at fair value on an ongoing basis, but are subject to fair value adjustments in certain circumstances. These assets primarily include long-lived assets which are recorded at fair value when they are acquired, including the remeasurement of previously held ownership interests, using fair value methodologies described above at "Acquisitions of Real Estate," or if the long-lived assets are impaired using the fair value methodologies used to measure long-lived assets described above at "Asset Impairment." The inputs associated with the valuation of long-lived assets are generally included in Level 3 of the fair value hierarchy, unless a quoted price for a similar long-lived asset in an active market exists, at which time they are included in Level 2 of the fair value hierarchy. Financial Instrument Fair Value Disclosures. As of December 31, 2023 and 2022, the carrying values of cash and cash equivalents, accounts receivable, accounts payable, accrued expenses, and distributions payable represent fair value because of the short-term nature of these instruments. The carrying value of restricted cash approximates its fair value based on the nature |
Income Recognition | Income Recognition . The majority of our revenues are derived from real estate lease contracts which are accounted for pursuant to ASC 842, "Leases," and presented as property revenues, and include rental revenue under contractual terms for other services provided to our customers. As a lessor, we made elections pursuant to ASC 842 to 1) not separate the lease and non-lease components by class of underlying assets and account for the combined components as a single component under certain conditions, and 2) exclude from lease revenues the sales taxes collected from lessees and certain lessor costs paid directly by the lessee. Our other revenue streams include fee and asset management income in accordance with other revenue guidance, ASC 606, Revenues from Contracts with Customers . A detail of our material revenue streams are discussed below: Property Revenue. We earn rental revenue from operating lease contracts for the use of dedicated spaces within owned assets, which is our only underlying asset class. We also earn revenues under contractual terms for other services considered non-lease components within a lease contract, primarily consisting of utility rebillings and other transactional fees. These amounts received under contractual terms for other services are charged to our residents and recognized monthly as earned. Any identified uncollectible amounts related to individual lease contracts are presented as an adjustment to property revenue. Any renewal options of real estate lease contracts are considered a new, separate contract and will be recognized at the time the option is exercised on a straight-line basis over the renewal period. As of December 31, 2023, our average residential lease term was approximately fourteen months with all other commercial leases averaging longer lease terms. We anticipate property revenue from existing leases as follows: (in millions) Year ended December 31, Operating Leases 2024 $ 865.9 2025 40.4 2026 3.8 2027 3.3 2028 3.0 Thereafter 6.3 Total $ 922.7 Credit Risk. We believe there is no significant concentration of credit risk due to the number of residents, the types and diversity of submarkets in which our properties operate, and the collection terms. |
Insurance | Insurance . Our primary lines of insurance coverage are property, general liability, health, workers compensation, and cybersecurity. We believe our insurance coverage adequately insures our properties against the risk of loss attributable to fire, earthquake, hurricane, tornado, flood, and other perils and adequately insures us against other risks. Losses are accrued based upon our estimates of the aggregate liability for claims incurred using certain actuarial assumptions followed in the insurance industry and based on our experience. |
Other Assets, Net | Other Assets, Net . Other assets in our consolidated financial statements include investments under deferred compensation plans, deferred financing costs, technology investments, non-real estate leasehold improvements and equipment, notes receivable, derivatives, operating lease right-of-use assets, prepaid expenses, and other miscellaneous receivables. Investments under deferred compensation plans are classified as trading securities and are adjusted to fair market value at period end. For a further discussion of our investments under deferred compensation plans, see Note 11, "Share-based Compensation and Benefit Plans. " Deferred financing costs are related to our unsecured revolving credit facility, and are amortized no longer than the terms of the related facility on the straight-line method, which approximates the effective interest method. Corporate leasehold improvements and equipment includes expenditures related to renovation and construction of office space we lease. These leasehold improvements are depreciated using the straight-line method over the shorter of the expected useful lives or the lease terms which generally range from three to ten years. Investments. We hold equity interests in certain technology funds which are not accounted for using the equity method because we have virtually no influence over these entities and their fair values are not readily determinable. These investments are recorded using the measurement alternative in which our equity interests are recorded at cost, adjusted for impairments and observable price changes in orderly transactions for an identical or similar investment of the same issuer. At each reporting period, we reassess whether these investments continue to qualify for this measurement alternative. We had investments recorded at cost of approximately $14.3 million and $11.1 million at December 31, 2023 and 2022, respectively. These investments are included in other assets, net in our consolidated balance sheets and we did not record any impairments during the years ended December 31, 2023, 2022, or 2021 relating to these investments. |
Reportable Segments | Reportable Segments . We operate in a single reportable segment which includes the ownership, management, development, reposition, redevelopment, acquisition, and construction of multifamily apartment communities. Each of our operating properties is considered a separate operating segment as each property earns revenues and incurs expenses, individual operating results are reviewed and discrete financial information is available. We do not distinguish or group our consolidated operations based on geography, size, or type. Our multifamily apartment communities have similar long-term economic characteristics and provide similar products and services to our residents. Further, all material operations are within the United States and no multifamily apartment community comprises more than 10% of consolidated revenues. As a result, our operating properties are aggregated into a single reportable segment. Our multifamily communities generate property revenue through the leasing of apartment homes, which comprised approximately 99% of our total property revenues and total non-property income, excluding income (loss) on deferred compensation plans, for each of the years ended December 31, 2023, 2022, and 2021. |
Restricted Cash | Restricted Cash . Restricted cash consists of escrow deposits held by lenders for property taxes, insurance and replacement reserves, cash required to be segregated for the repayment of residents’ security deposits, and escrowed amounts related to our development and acquisition activities. Substantially all restricted cash is invested in demand and short-term instruments. |
Share-based Compensation | Share-based Compensation . Compensation expense associated with share-based awards is recognized in our consolidated statements of income and comprehensive income using the grant-date fair values. Compensation cost for all share-based awards, including options, requires measurement at estimated fair value on the grant date and recognition of compensation expense over the requisite service period for awards expected to vest. The fair value of stock option grants is estimated using the Black-Scholes valuation model. Valuation models require the input of assumptions, including judgments to estimate the expected stock price volatility, expected life, and forfeiture rate. The compensation cost for share-based awards is based on the market value of the shares on the date of grant and is adjusted as actual forfeitures occur. |
Use of Estimates | Use of Estimates . In the application of GAAP, management is required to make estimates and assumptions which affect the reported amounts of assets and liabilities at the date of the financial statements, results of operations during the reporting periods, and related disclosures. Our more significant estimates include estimates supporting our impairment analysis related to the carrying values of our real estate assets. These estimates are based on historical experience and other assumptions believed to be reasonable under the circumstances. Future events rarely develop exactly as forecasted, and the best estimates routinely require adjustment. |
Recent Accounting Pronouncements | Recent Accounting Pronouncements: In November 2023, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2023-07 ("ASU 2023-07"), Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures . ASU 2023-07 is intended to enhance disclosures regarding a public entity's reportable segments by requiring public entities, who have a single reportable segment or multiple reportable segments, to disclose significant segment expenses which are regularly provided to the chief operating decision maker ("CODM"), the title or position of the CODM, and how the CODM utilizes segment information to assess performance and allocate resources. ASU 2023-07 is effective for annual periods beginning after December 15, 2023 and interim periods for fiscal years beginning after December 15, 2024, and early adoption is permitted. This standard must be applied using the retrospective transition method upon adoption. We expect to adopt ASU 2023-07 in our 2024 Form 10-K and in the interim periods thereafter. The adoption of ASU 2023-07 will require additional disclosures, but we do not believe the adoption will materially impact our consolidated financial statements. In December 2023, the FASB issued ASU 2023-09 ("ASU 2023-09"), Income Taxes (Topic 740): Improvements to Income Tax Disclosures . ASU 2023-09 requires additional disclosures to enhance the transparency regarding income tax information through the use of a rate reconciliation table and disclosure of net taxes paid, detailed by federal, state, and foreign taxes and, if applicable, further detailed by specific jurisdictions if the amount exceeds a qualitative threshold. ASU 2023-09 is effective for annual periods beginning after December 15, 2024, and early adoption is permitted. This standard may be applied either on a prospective basis or on a retrospective basis. We expect to adopt ASU 2023-09 in our 2025 Form 10-K and expect the enhanced presentation of income tax disclosures will have no impact on our consolidated financial statements. |
Summary of Significant Accoun_3
Summary of Significant Accounting Policies and Recent Accounting Pronouncements (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Accounting Policies [Abstract] | |
Expected Useful Lives Of Depreciable Property | Depreciation and amortization is computed over the expected useful lives of depreciable property on a straight-line basis with lives generally as follows: Estimated Buildings and improvements 5-35 years Furniture, fixtures, equipment and other 3-20 years Intangible assets/liabilities (in-place leases and below market leases) underlying lease term |
Per Share Data (Tables)
Per Share Data (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Earnings Per Share [Abstract] | |
Calculation Of Basic And Diluted Earnings Per Share | The following table presents information necessary to calculate basic and diluted earnings per share for the periods indicated: Year Ended December 31, (in thousands, except per share amounts) 2023 2022 2021 Earnings per common share calculation – basic Income from continuing operations attributable to common shareholders $ 403,309 $ 653,613 $ 303,907 Amount allocated to participating securities (646) (990) (545) Net income attributable to common shareholders – basic $ 402,663 $ 652,623 $ 303,362 Total earnings per common share – basic $ 3.71 $ 6.07 $ 2.97 Weighted average number of common shares outstanding – basic 108,653 107,605 101,999 Earnings per common share calculation – diluted Income from continuing operations attributable to common shareholders, net of amount allocated to participating securities $ 402,663 $ 652,623 $ 303,362 Income allocated to common units from continuing operations 2,086 1,452 1,190 Net income attributable to common shareholders – diluted $ 404,749 $ 654,075 $ 304,552 Total earnings per common share – diluted $ 3.70 $ 6.04 $ 2.96 Weighted average number of common shares outstanding – basic 108,653 107,605 101,999 Incremental shares issuable from assumed conversion of: Share awards granted 21 50 87 Common units 725 733 743 Weighted average number of common shares outstanding – diluted 109,399 108,388 102,829 |
Income Taxes Income Taxes (Tabl
Income Taxes Income Taxes (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Income Tax Disclosure [Abstract] | |
Summary Of Tax Components Of Common And Preferred Dividends Declared And Distributions [Table Text Block] | A summary of the income tax characterization of our distributions paid per common share for the years ended December 31, 2023, 2022, and 2021 is set forth in the following table: Year Ended December 31, 2023 2022 2021 Common Share Distributions (1) Ordinary income $ 2.54 $ — $ 2.06 Long-term capital gain 1.90 0.48 1.14 Return of capital — 2.26 — Unrecaptured Sec. 1250 gain 0.50 0.08 0.12 Total $ 4.94 $ 2.82 $ 3.32 |
Investments In Joint Ventures (
Investments In Joint Ventures (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Equity Method Investments and Joint Ventures [Abstract] | |
Aggregate Balance Sheet And Statement Of Income Data For Unconsolidated Joint Ventures | The following table summarizes the statement of income data for the Funds for the period accounted for under the equity method. 2023 2022 (1) 2021 Total revenues $ — $ 37.2 $ 139.0 Net income — 7.1 21.3 Equity in income (2) — 3.0 9.8 (1) Results for 2022 related to activity during the first quarter. We consolidated the operations of the Funds as of April 1, 2022. (2) Equity in income excluded our ownership interest of fee income from various services provided by us to the Funds. |
Notes Payable (Tables)
Notes Payable (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Notes Payable [Abstract] | |
Summary Of Indebtedness | The following is a summary of our indebtedness: December 31, (in millions) 2023 2022 Commercial banks 6.57% Term loan, due 2024 $ 39.9 $ 39.8 6.21% Term loan, due 2024 300.0 300.0 6.13% Unsecured revolving credit facility — 42.0 $ 339.9 $ 381.8 Senior unsecured notes 5.07% Notes, due 2023 $ — $ 249.8 4.36% Notes, due 2024 250.0 249.7 3.68% Notes, due 2024 249.7 249.2 6.69% Notes, due 2026 (3) 508.6 — 3.74% Notes, due 2028 398.7 398.3 3.67% Notes, due 2029 (1) 596.1 595.5 2.91% Notes, due 2030 745.4 744.8 3.41% Notes, due 2049 296.9 296.8 $ 3,045.4 $ 2,784.1 Total unsecured notes payable $ 3,385.3 $ 3,165.9 Secured notes Master Credit Facilities 3.78% - 4.04% Conventional Mortgage Notes, due 2026 - 2028 $ 291.3 $ 291.2 6.69% Variable Rate Notes, due 2026 — 166.2 6.99% Variable Rate Construction Note, due 2024 — 18.9 3.87% note, due 2028 38.8 38.7 Total secured notes payable $ 330.1 $ 515.0 Total notes payable (2) $ 3,715.4 $ 3,680.9 Value of real estate assets, at cost, subject to secured notes $ 1,342.2 $ 2,080.9 (1) The 2029 Notes have an effective annual interest rate of approximately 3.84% through June 2026, which includes the effect of a settled forward interest rate swap, and approximately 3.28% thereafter, for an all-in average effective rate of approximately 3.67%. (2) Unamortized debt discounts, debt issuance costs, and fair market value adjustments of $5.5 million and $18.0 million are included in senior unsecured and secured notes payable as of December 31, 2023 and 2022, respectively. (3) |
Scheduled Repayments On Outstanding Debt | The table below is a summary of the maturity dates of our outstanding debt and principal amortizations, and the weighted average interest rates on such debt, at December 31, 2023: (in millions) (1) Amount (2) Weighted Average Interest Rate (3) 2024 (4) $ 536.6 4.2 % 2025 (5) 296.9 6.2 2026 532.7 6.6 2027 172.9 3.9 2028 530.4 3.8 Thereafter 1,645.9 3.3 Total $3,715.4 4.2 % (1) Includes all available extension options. (2) Includes amortization of debt discounts, debt issuance costs, and fair market value adjustments. (3) Includes the effects of the applicable settled derivatives. (4) In January 2024, we repaid the $250.0 million principal balance related to the 4.36% senior unsecured notes. See further discussion below. (5) |
Share-Based Compensation and _2
Share-Based Compensation and Benefit Plans (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Share-Based Payment Arrangement, Noncash Expense [Abstract] | |
Summary Of Share Incentive Plans | A summary of activity under our share incentive plans for the year ended December 31, 2023 is shown below: Nonvested Weighted Nonvested share awards outstanding at December 31, 2022 164,647 $ 132.99 Granted 219,250 117.02 Exercised/Vested (203,547) 121.46 Forfeited (6,186) 130.31 Total nonvested share awards outstanding at December 31, 2023 174,164 $ 126.46 |
Schedule of Share-based Compensation, Employee Stock Purchase Plan, Activity [Table Text Block] | The following table presents information related to our ESPP: 2023 2022 2021 Shares purchased 17,306 15,353 29,857 Weighted average fair value of shares purchased $ 104.26 $ 119.15 $ 141.64 Expense recorded (in millions) $ 0.2 $ 0.2 $ 1.2 |
Temporary Equity [Table Text Block] |
Fair Value Measurements (Tables
Fair Value Measurements (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Fair Value Disclosures [Abstract] | |
Financial Assets And Liabilities Measured At Fair Value | The following table presents information about our financial instruments measured at fair value on a recurring basis as of December 31, 2023 and 2022 using the inputs and fair value hierarchy discussed in Note 2, " Summary of Significant Accounting Policies and Recent Accounting Pronouncements " : Financial Instruments Measured at Fair Value on a Recurring Basis December 31, 2023 December 31, 2022 (in millions) Quoted Significant Significant Total Quoted Significant Significant Total Other Assets Deferred compensation plan investments (1) $ 132.0 $ — $ — $ 132.0 $ 120.7 $ — $ — $ 120.7 Derivative financial instruments (fair value hedge) — 11.6 — $ 11.6 — — — $ — Other Liabilities Derivative financial instruments (cash flow hedge) — 0.7 — $ 0.7 — — — $ — (1) Approximately $10.9 million and $3.6 million of participant cash was withdrawn from our deferred compensation plan investments during the years ended December 31, 2023 and 2022, respectively. |
Fair Value Of Notes Payable | The following table presents the carrying and estimated fair values of our notes payable at December 31, 2023 and 2022, in accordance with the policies discussed in Note 2, "Summary of Significant Accounting Policies and Recent Accounting Pronouncements." December 31, 2023 December 31, 2022 (in millions) Carrying Estimated Carrying Estimated Fixed rate notes payable $ 2,866.9 $ 2,651.6 $ 3,114.0 $ 2,806.1 Floating rate notes payable (1) 848.5 864.9 566.9 566.8 (1) Includes the 2026 Notes at December 31, 2023, and includes balances outstanding under our unsecured revolving credit facility at December 31, 2022. |
Net Change In Operating Accou_2
Net Change In Operating Accounts (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Increase (Decrease) in Operating Capital [Abstract] | |
Effect Of Changes In The Operating Accounts On Cash Flows From Operating Activities | The effect of changes in the operating accounts and other on cash flows from operating activities is as follows: Year Ended December 31, (in thousands) 2023 2022 2021 Change in assets: Other assets, net $ (1,951) $ (13,950) $ (12,068) Change in liabilities: Accounts payable and accrued expenses 13,639 (2,990) 14,786 Accrued real estate taxes 968 22,901 (809) Other liabilities 2,018 (6,207) (2,133) Other 3,301 4,159 3,742 Change in operating accounts and other $ 17,975 $ 3,913 $ 3,518 |
Commitments And Contingencies L
Commitments And Contingencies Leases (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Leases [Abstract] | |
Lessee, Operating Leases | The following is a summary of our operating lease related information: ($ in millions) As of December 31, Balance sheet Classification 2023 2022 Right-of-use assets, net Other assets, net $ 4.4 $ 6.0 Operating lease liabilities Other liabilities $ 6.0 $ 8.4 ($ in millions) Year ended Statement of income and comprehensive income Classification 2023 2022 Rent expense related to operating lease liabilities General and administrative expenses and property management expenses $ 2.7 $ 2.7 Variable lease expense General and administrative expenses and property management expenses 1.2 1.3 Total lease expense $ 3.9 $ 4.0 ($ in millions) Year ended Statement of cash flows Classification 2023 2022 Cash flows from operating leases Net cash from operating activities $ 2.6 $ 2.5 Supplemental lease information Weighted average remaining lease term (years) 2.4 2.9 Weighted average discount rate - operating leases (1) 5.1 % 4.6 % (1) We use a secured incremental borrowing rate, as defined by ASC 842 based on an estimated secured rate with applicable adjustments, as most of our lease contracts do not provide a readily determinable implicit rate. |
Lessee, Operating Lease, Liability, Maturity [Table Text Block] | The following is a summary of our maturities of our lease liabilities as of December 31, 2023: (in millions) Year ended December 31, Operating Leases 2024 $ 3.3 2025 2.4 2026 0.5 2027 0.2 2028 — Thereafter — Less: discount for time value (0.4) Lease liability as of December 31, 2023 $ 6.0 |
Schedule III - Real Estate an_2
Schedule III - Real Estate and Accumulated Depreciation (Summary) (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract] | |
Schedule III - Real Estate and Accumulated Depreciation [Text Block] | Camden Property Trust Schedule III Initial Cost Total Cost Land Building/ Cost Land Building/ Total Accumulated Total Cost, Encumbrances Year of Current communities: ARIZONA Phoenix/Scottsdale Camden Chandler $ 5,511 $ 62,429 $ 1,937 $ 5,511 $ 64,366 $ 69,877 $ 20,993 $ 48,884 $ — 2016 Camden Copper Square 4,825 23,672 18,415 4,825 42,087 46,912 27,156 19,756 — 2000 Camden Foothills 11,006 33,712 1,633 11,006 35,345 46,351 12,409 33,942 — 2014 Camden Legacy 4,068 26,612 28,213 4,068 54,825 58,893 40,577 18,316 — 1998 Camden Montierra 13,687 31,727 9,295 13,687 41,022 54,709 16,733 37,976 — 2012 Camden North End I 16,108 82,620 497 16,108 83,117 99,225 28,923 70,302 — 2019 Camden North End II 10,176 70,097 363 10,176 70,460 80,636 16,335 64,301 — 2021 Camden Old Town Scottsdale 23,227 71,784 4,309 23,227 76,093 99,320 25,023 74,297 — 2019 Camden Pecos Ranch 3,362 24,492 12,905 3,362 37,397 40,759 16,374 24,385 — 2012 Camden San Marcos 11,520 35,166 14,693 11,520 49,859 61,379 19,113 42,266 — 2012 Camden San Paloma 6,480 23,045 21,017 6,480 44,062 50,542 26,478 24,064 — 2002 Camden Sotelo 3,376 30,576 3,270 3,376 33,846 37,222 12,106 25,116 — 2013 Camden Tempe 9,248 35,254 1,403 9,248 36,657 45,905 12,551 33,354 — 2015 Camden Tempe II 18,429 89,334 9 18,429 89,343 107,772 8,811 98,961 — 2023 CALIFORNIA Los Angeles/Orange County Camden Crown Valley 9,381 54,210 20,724 9,381 74,934 84,315 48,434 35,881 — 2001 Camden Glendale 21,492 96,158 4,173 21,492 100,331 121,823 31,732 90,091 — 2015 Camden Harbor View 16,079 127,459 45,262 16,079 172,721 188,800 102,606 86,194 — 2003 Camden Main and Jamboree 17,363 75,387 15,680 17,363 91,067 108,430 34,967 73,463 — 2008 The Camden 18,286 118,730 2,082 18,286 120,812 139,098 35,935 103,163 — 2016 San Diego/Inland Empire Camden Hillcrest 20,409 72,487 488 20,409 72,975 93,384 12,037 81,347 — 2021 Camden Landmark 17,339 71,315 13,185 17,339 84,500 101,839 31,102 70,737 — 2012 Camden Old Creek 20,360 71,777 10,821 20,360 82,598 102,958 44,484 58,474 — 2007 Camden Sierra at Otay Ranch 10,585 49,781 17,108 10,585 66,889 77,474 41,772 35,702 — 2003 Camden Tuscany 3,330 36,466 11,713 3,330 48,179 51,509 29,318 22,191 — 2003 Camden Vineyards 4,367 28,494 12,439 4,367 40,933 45,300 24,144 21,156 — 2002 COLORADO Denver Camden Belleview Station 8,091 44,003 12,614 8,091 56,617 64,708 22,392 42,316 — 2012 Camden Caley 2,047 17,445 13,806 2,047 31,251 33,298 22,427 10,871 — 2000 Camden Denver West $ 6,396 $ 51,552 $ 15,273 $ 6,396 $ 66,825 $ 73,221 $ 28,080 $ 45,141 $ — 2012 Camden Flatirons 6,849 72,631 2,283 6,849 74,914 81,763 26,517 55,246 — 2015 Camden Highlands Ridge 2,612 34,726 26,486 2,612 61,212 63,824 42,947 20,877 — 1996 Camden Interlocken 5,293 31,612 24,696 5,293 56,308 61,601 39,918 21,683 — 1999 Camden Lakeway 3,915 34,129 34,556 3,915 68,685 72,600 48,529 24,071 — 1997 Camden Lincoln Station 4,648 51,762 922 4,648 52,684 57,332 16,791 40,541 — 2017 Camden RiNo 15,989 63,147 317 15,989 63,464 79,453 16,502 62,951 — 2020 WASHINGTON DC METRO Camden Ashburn Farm 4,835 22,604 7,392 4,835 29,996 34,831 17,866 16,965 — 2005 Camden College Park 16,409 91,503 15,980 16,409 107,483 123,892 42,953 80,939 — 2008 Camden Dulles Station 10,807 61,548 15,240 10,807 76,788 87,595 37,723 49,872 — 2008 Camden Fair Lakes 15,515 104,223 18,499 15,515 122,722 138,237 69,971 68,266 — 2005 Camden Fairfax Corner 8,484 72,953 14,996 8,484 87,949 96,433 48,720 47,713 — 2006 Camden Fallsgrove 9,408 43,647 8,908 9,408 52,555 61,963 30,251 31,712 — 2005 Camden Grand Parc 7,688 35,900 7,546 7,688 43,446 51,134 23,754 27,380 — 2005 Camden Lansdowne 15,502 102,267 30,796 15,502 133,063 148,565 78,568 69,997 — 2005 Camden Monument Place 9,030 54,089 12,566 9,030 66,655 75,685 34,225 41,460 — 2007 Camden NoMa 19,442 82,306 2,504 19,442 84,810 104,252 30,936 73,316 — 2014 Camden NoMa II 17,331 91,211 493 17,331 91,704 109,035 40,485 68,550 — 2017 Camden Potomac Yard 16,498 88,317 16,638 16,498 104,955 121,453 52,560 68,893 — 2008 Camden Roosevelt 11,470 45,785 8,714 11,470 54,499 65,969 30,344 35,625 — 2005 Camden Shady Grove 24,177 89,820 1,690 24,177 91,510 115,687 35,916 79,771 — 2018 Camden Silo Creek 9,707 45,301 11,242 9,707 56,543 66,250 32,157 34,093 — 2005 Camden South Capitol 24,829 117,638 514 24,829 118,152 142,981 13,322 129,659 51,669 2022 Camden Washingtonian 13,512 75,134 592 13,512 75,726 89,238 25,203 64,035 — 2018 FLORIDA Southeast Florida Camden Atlantic 9,000 93,340 39 9,000 93,379 102,379 7,906 94,473 — 2022 Camden Aventura 12,185 47,616 18,320 12,185 65,936 78,121 39,814 38,307 — 2005 Camden Boca Raton 2,201 50,057 2,215 2,201 52,272 54,473 17,930 36,543 — 2014 Camden Brickell 14,621 57,031 45,174 14,621 102,205 116,826 58,162 58,664 — 2005 Camden Doral 10,260 40,416 9,964 10,260 50,380 60,640 29,679 30,961 — 2005 Camden Doral Villas 6,476 25,543 9,770 6,476 35,313 41,789 21,727 20,062 — 2005 Camden Las Olas 12,395 79,518 39,526 12,395 119,044 131,439 67,482 63,957 — 2005 Camden Plantation 6,299 77,964 24,040 6,299 102,004 108,303 56,073 52,230 — 2005 Camden Portofino 9,867 38,702 14,895 9,867 53,597 63,464 30,804 32,660 — 2005 Orlando Camden Hunter's Creek 4,156 20,925 8,648 4,156 29,573 33,729 18,104 15,625 — 2005 Camden Lago Vista $ 3,497 $ 29,623 $ 7,729 $ 3,497 $ 37,352 $ 40,849 $ 22,974 $ 17,875 $ — 2005 Camden Lake Eola 11,374 113,700 585 11,374 114,285 125,659 21,516 104,143 — 2021 Camden LaVina 12,907 42,617 11,198 12,907 53,815 66,722 20,536 46,186 — 2012 Camden Lee Vista 4,350 34,643 21,699 4,350 56,342 60,692 37,580 23,112 — 2000 Camden North Quarter 9,990 68,471 2,309 9,990 70,780 80,770 23,781 56,989 — 2018 Camden Orange Court 5,319 40,733 9,453 5,319 50,186 55,505 23,945 31,560 — 2008 Camden Thornton Park 11,711 74,628 6,825 11,711 81,453 93,164 25,162 68,002 — 2018 Camden Town Square 13,127 45,997 2,712 13,127 48,709 61,836 19,026 42,810 — 2012 Camden Waterford Lakes 19,504 65,647 862 19,504 66,509 86,013 9,576 76,437 29,347 2022 Camden World Gateway 5,785 51,821 12,847 5,785 64,668 70,453 36,495 33,958 — 2005 Tampa/St. Petersburg Camden Bay 7,450 63,283 40,783 7,450 104,066 111,516 69,573 41,943 — 1998/2002 Camden Central 21,780 149,251 2,670 21,780 151,921 173,701 25,675 148,026 — 2021 Camden Montague 3,576 16,534 1,641 3,576 18,175 21,751 7,776 13,975 — 2012 Camden Pier District 21,149 105,383 4,419 21,149 109,802 130,951 36,658 94,293 — 2018 Camden Preserve 1,206 17,982 15,715 1,206 33,697 34,903 26,739 8,164 — 1997 Camden Royal Palms 2,147 38,339 7,005 2,147 45,344 47,491 23,381 24,110 — 2007 Camden Visconti 27,031 114,061 3,296 27,031 117,357 144,388 15,258 129,130 38,245 2022 Camden Westchase Park 11,955 36,254 7,592 11,955 43,846 55,801 15,768 40,033 — 2012 GEORGIA Atlanta Camden Brookwood 7,174 31,984 19,938 7,174 51,922 59,096 30,873 28,223 — 2005 Camden Buckhead 7,761 156,926 519 7,761 157,445 165,206 27,846 137,360 — 2022 Camden Buckhead Square 13,200 43,785 2,792 13,200 46,577 59,777 13,255 46,522 — 2017 Camden Creekstone 5,017 19,912 7,312 5,017 27,224 32,241 12,099 20,142 — 2012 Camden Deerfield 4,895 21,922 17,453 4,895 39,375 44,270 23,481 20,789 — 2005 Camden Dunwoody 5,290 23,642 17,197 5,290 40,839 46,129 23,082 23,047 — 2005 Camden Fourth Ward 10,477 51,258 2,849 10,477 54,107 64,584 19,628 44,956 — 2014 Camden Midtown Atlanta 6,196 33,828 14,495 6,196 48,323 54,519 29,720 24,799 — 2005 Camden Paces 15,262 102,521 3,229 15,262 105,750 121,012 37,227 83,785 — 2015 Camden Peachtree City 6,536 29,063 10,535 6,536 39,598 46,134 24,231 21,903 — 2005 Camden Phipps 26,840 71,006 7,069 26,840 78,075 104,915 8,883 96,032 — 2022 Camden Shiloh 4,181 18,798 7,529 4,181 26,327 30,508 16,792 13,716 — 2005 Camden St. Clair 7,526 27,486 12,085 7,526 39,571 47,097 23,898 23,199 — 2005 Camden Stockbridge 5,071 22,693 7,050 5,071 29,743 34,814 17,921 16,893 — 2005 Camden Vantage 11,787 68,822 22,955 11,787 91,777 103,564 34,106 69,458 — 2013 NORTH CAROLINA Charlotte Camden Ballantyne $ 4,503 $ 30,250 $ 14,055 $ 4,503 $ 44,305 $ 48,808 $ 26,266 $ 22,542 $ — 2005 Camden Cotton Mills 4,246 19,147 9,370 4,246 28,517 32,763 17,951 14,812 — 2005 CoWork by Camden 814 3,422 25 814 3,447 4,261 1,132 3,129 — 2019 Camden Dilworth 516 16,633 6,717 516 23,350 23,866 13,035 10,831 — 2006 Camden Fairview 1,283 7,223 8,944 1,283 16,167 17,450 9,005 8,445 — 2005 Camden Foxcroft 1,408 7,919 7,618 1,408 15,537 16,945 9,402 7,543 — 2005 Camden Foxcroft II 1,152 6,499 5,020 1,152 11,519 12,671 7,219 5,452 — 2005 Camden Gallery 7,930 51,957 1,672 7,930 53,629 61,559 17,076 44,483 — 2017 Camden Grandview 7,570 33,859 21,134 7,570 54,993 62,563 31,305 31,258 — 2005 Camden Grandview II 4,656 17,852 241 4,656 18,093 22,749 5,031 17,718 — 2019 Camden NoDa 10,926 96,714 2 10,926 96,716 107,642 4,699 102,943 — 2023 Camden Sedgebrook 5,266 29,211 18,235 5,266 47,446 52,712 25,744 26,968 — 2005 Camden South End 6,625 29,175 19,564 6,625 48,739 55,364 29,788 25,576 — 2005 Camden Southline 29,754 74,533 383 29,754 74,916 104,670 8,875 95,795 32,414 2022 Camden Stonecrest 3,941 22,021 9,227 3,941 31,248 35,189 19,446 15,743 — 2005 Camden Touchstone 1,203 6,772 5,244 1,203 12,016 13,219 7,576 5,643 — 2005 Raleigh Camden Asbury Village 17,510 79,585 1,108 17,510 80,693 98,203 10,400 87,803 29,246 2022 Camden Carolinian 14,765 56,674 1,915 14,765 58,589 73,354 13,474 59,880 — 2019 Camden Crest 4,412 31,108 19,986 4,412 51,094 55,506 25,734 29,772 — 2005 Camden Governor's Village 3,669 20,508 10,190 3,669 30,698 34,367 18,147 16,220 — 2005 Camden Lake Pine 5,746 31,714 18,125 5,746 49,839 55,585 31,181 24,404 — 2005 Camden Manor Park 2,535 47,159 14,305 2,535 61,464 63,999 34,986 29,013 — 2006 Camden Overlook 4,591 25,563 13,141 4,591 38,704 43,295 24,710 18,585 — 2005 Camden Reunion Park 2,931 18,457 14,177 2,931 32,634 35,565 20,808 14,757 — 2005 Camden Westwood 4,567 25,519 13,911 4,567 39,430 43,997 23,134 20,863 — 2005 TENNESSEE Nashville Camden Franklin Park 13,785 88,573 3,594 13,785 92,167 105,952 17,597 88,355 — 2021 Camden Music Row 21,802 152,340 2,164 21,802 154,504 176,306 27,264 149,042 — 2021 TEXAS Austin Camden Amber Oaks 9,987 68,719 1,000 9,987 69,719 79,706 10,291 69,415 — 2022 Camden Amber Oaks II 7,973 50,052 503 7,973 50,555 58,528 7,471 51,057 — 2022 Camden Brushy Creek 9,618 54,076 703 9,618 54,779 64,397 7,062 57,335 12,107 2022 Camden Cedar Hills 2,684 20,931 5,982 2,684 26,913 29,597 14,164 15,433 — 2008 Camden Gaines Ranch 5,094 37,100 17,259 5,094 54,359 59,453 30,993 28,460 — 2005 Camden Huntingdon 2,289 17,393 20,775 2,289 38,168 40,457 26,679 13,778 — 1995 Camden La Frontera $ 3,250 $ 32,376 $ 1,928 $ 3,250 $ 34,304 $ 37,554 $ 12,759 $ 24,795 $ — 2015 Camden Lamar Heights 3,988 42,773 1,779 3,988 44,552 48,540 16,282 32,258 — 2015 Camden Rainey Street 30,044 85,477 3,257 30,044 88,734 118,778 24,238 94,540 — 2019 Camden Shadow Brook 18,039 101,572 1,664 18,039 103,236 121,275 13,286 107,989 23,348 2022 Camden Stoneleigh 3,498 31,285 12,282 3,498 43,567 47,065 25,405 21,660 — 2006 Dallas/Fort Worth Camden Addison 11,516 29,332 11,256 11,516 40,588 52,104 20,428 31,676 — 2012 Camden Belmont 12,521 61,522 9,056 12,521 70,578 83,099 28,516 54,583 — 2012 Camden Buckingham 2,704 21,251 14,806 2,704 36,057 38,761 27,526 11,235 — 1997 Camden Centreport 1,613 12,644 9,055 1,613 21,699 23,312 16,608 6,704 — 1997 Camden Cimarron 2,231 14,092 10,094 2,231 24,186 26,417 21,032 5,385 — 1997 Camden Design District 30,004 90,678 1,001 30,004 91,679 121,683 10,946 110,737 — 2022 Camden Farmers Market 17,341 74,193 39,758 17,341 113,951 131,292 75,475 55,817 — 2001/2005 Camden Greenville 42,645 116,923 3,417 42,645 120,340 162,985 13,676 149,309 — 2021 Camden Henderson 3,842 15,256 1,455 3,842 16,711 20,553 6,915 13,638 — 2012 Camden Legacy Creek 2,052 12,896 9,338 2,052 22,234 24,286 17,945 6,341 — 1997 Camden Legacy Park 2,560 15,449 16,120 2,560 31,569 34,129 21,823 12,306 — 1997 Camden Panther Creek 8,850 62,860 758 8,850 63,618 72,468 8,185 64,283 14,373 2022 Camden Riverwalk 24,961 133,698 1,821 24,961 135,519 160,480 17,487 142,993 — 2022 Camden Valley Park 3,096 14,667 20,236 3,096 34,903 37,999 31,275 6,724 — 1994 Camden Victory Park 13,445 71,735 2,449 13,445 74,184 87,629 23,998 63,631 — 2016 Houston Camden City Centre 4,976 44,735 15,995 4,976 60,730 65,706 31,853 33,853 — 2007 Camden City Centre II 5,101 28,131 1,485 5,101 29,616 34,717 11,675 23,042 — 2013 Camden Cypress Creek 8,282 69,368 818 8,282 70,186 78,468 9,047 69,421 12,343 2022 Camden Cypress Creek II 5,940 50,102 121 5,940 50,223 56,163 6,469 49,694 — 2022 Camden Downs at Cinco Ranch 8,285 77,053 1,169 8,285 78,222 86,507 10,120 76,387 — 2022 Camden Downtown 7,813 123,819 774 7,813 124,593 132,406 35,045 97,361 — 2020 Camden Grand Harbor 7,841 64,834 1,492 7,841 66,326 74,167 8,466 65,701 11,701 2022 Camden Greenway 16,916 43,933 27,038 16,916 70,971 87,887 53,775 34,112 — 1999 Camden Heights 34,079 88,824 1,291 34,079 90,115 124,194 10,779 113,415 31,703 2022 Camden Highland Village 28,536 111,802 7,991 28,536 119,793 148,329 31,342 116,987 — 2019 Camden Holly Springs 11,108 42,852 16,691 11,108 59,543 70,651 28,752 41,899 — 2012 Camden McGowen Station 6,089 85,038 3,610 6,089 88,648 94,737 30,297 64,440 — 2018 Camden Midtown 4,583 18,026 14,026 4,583 32,052 36,635 24,971 11,664 — 1999 Camden Northpointe 5,593 81,289 990 5,593 82,279 87,872 10,613 77,259 15,639 2022 Camden Plaza 7,204 31,044 10,728 7,204 41,772 48,976 18,037 30,939 — 2007 Camden Post Oak 14,056 92,515 23,515 14,056 116,030 130,086 47,427 82,659 — 2013 Camden Royal Oaks $ 1,055 $ 20,046 $ 6,124 $ 1,055 $ 26,170 $ 27,225 $ 14,795 $ 12,430 $ — 2006 Camden Royal Oaks II 587 12,743 39 587 12,782 13,369 5,127 8,242 — 2012 Camden Spring Creek 12,317 73,942 4,299 12,317 78,241 90,558 9,934 80,624 — 2022 Camden Stonebridge 1,016 7,137 8,529 1,016 15,666 16,682 13,074 3,608 — 1993 Camden Sugar Grove 7,614 27,594 7,564 7,614 35,158 42,772 15,536 27,236 — 2012 Camden Travis Street 1,780 29,104 3,156 1,780 32,260 34,040 15,393 18,647 — 2010 Camden Vanderbilt 16,076 44,918 46,145 16,076 91,063 107,139 63,297 43,842 — 1994/1997 Camden Whispering Oaks 1,188 26,242 3,868 1,188 30,110 31,298 15,383 15,915 — 2008 Camden Woodson Park 3,995 62,430 643 3,995 63,073 67,068 8,067 59,001 11,821 2022 Camden Yorktown 6,673 68,568 827 6,673 69,395 76,068 8,933 67,135 16,171 2022 Total current communities: $ 1,701,683 $ 9,177,188 $ 1,728,582 $ 1,701,683 $ 10,905,770 $ 12,607,453 $ 4,330,969 $ 8,276,484 $ 330,127 Communities under construction: Name / location Camden Durham (1) Durham, NC $ — $ 126,829 $ — $ — $ 126,829 $ 126,829 $ 957 $ 125,872 $ — N/A Camden Woodmill Creek (1) The Woodlands, TX — 64,506 — — 64,506 64,506 589 63,917 — N/A Camden Village District — 68,443 — — 68,443 68,443 — 68,443 — N/A Camden Long Meadow Farms — 40,715 — — 40,715 40,715 9 40,706 — N/A Total communities under construction: $ — $ 300,493 $ — $ — $ 300,493 $ 300,493 $ 1,555 $ 298,938 $ — Development pipeline communities: Name/location Camden South Charlotte, $ — $ 32,858 $ — $ — $ 32,858 $ 32,858 $ — $ 32,858 $ — N/A Camden Blakeney — 25,964 — — 25,964 25,964 — 25,964 — N/A Camden Baker — 33,116 — — 33,116 33,116 — 33,116 — N/A Camden Nations — 39,031 — — 39,031 39,031 — 39,031 — N/A Camden Gulch — 49,156 — — 49,156 49,156 — 49,156 — N/A Camden Paces III — 22,485 — — 22,485 22,485 — 22,485 — N/A Camden Highland Village II — 10,451 — — 10,451 10,451 — 10,451 — N/A Camden Arts District $ — $ 45,479 $ — $ — $ 45,479 $ 45,479 $ — $ 45,479 $ — N/A Camden Downtown II — 14,364 — — 14,364 14,364 — 14,364 — N/A Total development pipeline communities: $ — $ 272,904 $ — $ — $ 272,904 $ 272,904 $ — $ 272,904 $ — Corporate $ — $ 11,277 $ — $ — $ 11,277 $ 11,277 $ — $ 11,277 $ — N/A $ — $ 11,277 $ — $ — $ 11,277 $ 11,277 $ — $ 11,277 $ — TOTAL $ 1,701,683 $ 9,761,862 $ 1,728,582 $ 1,701,683 $ 11,490,444 $ 13,192,127 $ 4,332,524 $ 8,859,603 $ 330,127 (1) Property is in lease-up at December 31, 2023. Balances presented here include costs which are included in buildings and improvements and land on the consolidated balance sheet at December 31, 2023. These costs related to completed unit turns for this property. Camden Property Trust Schedule III The changes in total real estate assets for the years ended December 31: 2023 2022 2021 Balance, beginning of period $ 12,915,873 $ 10,449,067 $ 9,553,177 Additions during period: Acquisition of operating properties — 2,068,440 607,099 Development and repositions 309,678 352,174 346,173 Improvements 109,257 105,321 87,297 Deductions during period: Cost of real estate sold (142,681) (59,129) (144,679) Balance, end of period $ 13,192,127 $ 12,915,873 $ 10,449,067 The changes in accumulated depreciation for the years ended December 31: 2023 2022 2021 Balance, beginning of period $ 3,848,111 $ 3,358,027 $ 3,034,186 Depreciation of real estate assets 562,397 515,413 387,432 Dispositions (77,984) (25,329) (63,591) Balance, end of period $ 4,332,524 $ 3,848,111 $ 3,358,027 The aggregate cost for federal income tax purposes at December 31, 2023 was $11.0 billion. |
Schedule IV - Mortgage Loans _2
Schedule IV - Mortgage Loans on Real Estate (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Abstract] | |
Mortgage Loans on Real Estate Table [Table Text Block] | Camden Property Trust Schedule IV ($ in thousands) Description Interest Rate Final Maturity Date Periodic payment terms Face amount of Carrying amount of Parking Garage (b) October 1, 2025 (c) $ 18,790 $ 2,087 (a) The aggregate cost at December 31, 2023 for federal income tax purposes was approximately $2,087. (b) This loan currently bears interest at 7% on any unpaid principal balance. (c) Payments will consist of annual interest and principal payments from October 1, 2021 to October 1, 2025. |
Changes in Mortgage Loans [Table Text Block] | Changes in mortgage loans for the years ended December 31 are summarized below: 2023 2022 2021 Balance, beginning of period $ 3,532 $ 4,978 $ 6,423 Deductions: Collections of principal (1,445) (1,446) (1,445) Balance, end of period $ 2,087 $ 3,532 $ 4,978 |
Description Of Business (Detail
Description Of Business (Details) | Dec. 31, 2023 |
Description of Business [Abstract] | |
Number of multifamily communities comprising of apartment homes | 176 |
Total number of apartment homes in multifamily communities | 59,800 |
Number of multifamily properties under development | 4 |
Total number of apartment homes in multifamily properties upon completion of development | 1,166 |
Summary of Significant Accoun_4
Summary of Significant Accounting Policies and Recent Accounting Pronouncements (Narrative) (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||
Amortization of in-place leases | $ 50,300 | $ 22,200 | |
Amortization of Below Market Lease | 8,600 | 1,100 | |
Capitalized interest | $ 20,200 | 18,100 | 16,700 |
Capitalized real estate taxes | $ 3,400 | $ 4,200 | $ 2,800 |
Percentage Of Rental Revenue And Other Income From Leasing Of Apartment Homes | 99% | 99% | 99% |
Equity Securities without Readily Determinable Fair Value, Amount | $ 14,300 | $ 11,100 | |
Camden Operating L P [Member] | |||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||
Limited Liability Company or Limited Partnership, Members or Limited Partners, Ownership Interest | 93% | ||
Limited Liability Company (LLC) or Limited Partnership (LP), Managing Member or General Partner, Ownership Interest | 1% | ||
Camden Summit Partnership L P [Member] | |||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||
Limited Liability Company or Limited Partnership, Members or Limited Partners, Ownership Interest | 95% | ||
Limited Liability Company (LLC) or Limited Partnership (LP), Managing Member or General Partner, Ownership Interest | 1% | ||
Residential Leases [Member] | Maximum [Member] | |||
New Accounting Pronouncements or Change in Accounting Principle [Line Items] | |||
Lessor, Operating Lease, Term of Contract | 14 months |
Summary of Significant Accoun_5
Summary of Significant Accounting Policies and Recent Accounting Pronouncements (Expected Useful Lives Of Depreciable Property) (Details) | 12 Months Ended |
Dec. 31, 2023 | |
Intangible assets/liabilities (in-place leases and below market leases) | underlying lease term |
Minimum [Member] | Buildings And Improvements [Member] | |
Estimated Useful Life (in years) | 5 years |
Minimum [Member] | Furniture, Fixtures, Equipment, And Other [Member] | |
Estimated Useful Life (in years) | 3 years |
Maximum [Member] | Buildings And Improvements [Member] | |
Estimated Useful Life (in years) | 35 years |
Maximum [Member] | Furniture, Fixtures, Equipment, And Other [Member] | |
Estimated Useful Life (in years) | 20 years |
Summary of Significant Accoun_6
Summary of Significant Accounting Policies and Recent Accounting Pronouncements Summary of Significant Accounting Policies and Recent Accounting Pronouncments (Revenue Recognition Leases, Operating) (Details) | Dec. 31, 2023 USD ($) |
Revenue Recognition and Deferred Revenue [Abstract] | |
Lessor, Operating Lease, Payments to be Received 2022 | $ 865,900 |
Lessor, Operating Lease, Payments to be Received 2023 | 40,400 |
Lessor, Operating Lease, Payments to be Received 2024 | 3,800 |
Lessor, Operating Lease, Payments to be Received 2025 | 3,300 |
Lessor, Operating Lease, Payments to be Received 2026 | 3,000 |
Lessor, Operating Lease, Payments to be Received, Thereafter | 6,300 |
Lessor, Operating Lease, Payments to be Received | $ 922,700 |
Per Share Data (Calculation Of
Per Share Data (Calculation Of Basic And Diluted Earnings Per Share) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Earnings Per Share [Abstract] | |||
Number of common share equivalent securities excluded from the diluted earnings per share calculation | 1,000 | 1,000 | 1,000 |
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | $ 403,309 | $ 653,613 | $ 303,907 |
Amount allocated to participating securities | (646) | (990) | (545) |
Net Income (Loss) Available to Common Stockholders, Basic | $ 402,663 | $ 652,623 | $ 303,362 |
Total earnings per common share - basic | $ 3.71 | $ 6.07 | $ 2.97 |
Weighted average number of common shares outstanding – basic | 108,653 | 107,605 | 101,999 |
Income allocated to common units from continuing operations | $ 2,086 | $ 1,452 | $ 1,190 |
Net income attributable to common shareholders - diluted | $ 404,749 | $ 654,075 | $ 304,552 |
Total earnings per common share - diluted | $ 3.70 | $ 6.04 | $ 2.96 |
Common share options and share awards granted | 21 | 50 | 87 |
Common units | 725 | 733 | 743 |
Weighted average number of common shares outstanding - diluted | 109,399 | 108,388 | 102,829 |
Common Shares (Narrative) (Deta
Common Shares (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands | 1 Months Ended | 3 Months Ended | 12 Months Ended | ||||
May 23, 2023 | May 13, 2022 | Aug. 31, 2021 | Mar. 31, 2024 | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Number of common and preferred stock authorized to issue | 185,000,000 | ||||||
Common shares, authorized | 175,000,000 | 175,000,000 | |||||
Preferred shares, authorized | 10,000,000 | ||||||
Common Stock, Shares, Outstanding | 106,800,000 | ||||||
Preferred Stock, Shares Outstanding | 0 | ||||||
Cash distributions declared to equity holders per share | $ 4 | $ 3.76 | $ 3.32 | ||||
2021 ATM program | |||||||
Maximum aggregate offering price of common shares | $ 500,000 | ||||||
Maximum aggregate offering price of remaining common shares available for sale | $ 71,300 | ||||||
2022 ATM program | |||||||
Maximum aggregate offering price of common shares | $ 500,000 | ||||||
2023 ATM program | |||||||
Maximum aggregate offering price of common shares | $ 500,000 | ||||||
Subsequent Event [Member] | |||||||
Cash distributions declared to equity holders per share | $ 1.03 | ||||||
2023 Share repurchase program | |||||||
Stock Repurchase Program, Authorized Amount | $ 500,000 | ||||||
Stock Repurchase Program, Remaining Authorized Repurchase Amount | $ 500,000 |
Operating Partnerships (Details
Operating Partnerships (Details) - USD ($) $ in Thousands, shares in Millions | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Unsecured Debt | $ 3,385,309 | $ 3,165,924 |
Negative tax capital held by unitholder of partnership | $ 23,800 | |
Camden Operating L P [Member] | ||
Limited Liability Company or Limited Partnership, Members or Limited Partners, Ownership Interest | 93% | |
Limited Liability Company (LLC) or Limited Partnership (LP), Managing Member or General Partner, Ownership Interest | 1% | |
Camden Summit Partnership L P [Member] | ||
Limited Liability Company or Limited Partnership, Members or Limited Partners, Ownership Interest | 95% | |
Limited Liability Company (LLC) or Limited Partnership (LP), Managing Member or General Partner, Ownership Interest | 1% | |
Camden Operating L P [Member] | ||
Percentage Of Real Estate Properties Held With Operating Partnership | 4% | |
Units of Partnership Interest, Amount | 11.9 | |
Limited Partners' Capital Account, Units Outstanding | 0.7 | |
Camden Summit Partnership L P [Member] | ||
Percentage Of Real Estate Properties Held With Operating Partnership | 26% | |
Units of Partnership Interest, Amount | 22.8 | |
Limited Partners' Capital Account, Units Outstanding | 0.9 | |
Commercial Banks [Member] | ||
Unsecured Debt | $ 339,900 | 381,800 |
Commercial Banks [Member] | 6.57% Term loan Due 2024 | ||
Unsecured Debt | $ 39,900 | $ 39,800 |
Income Taxes (Details)
Income Taxes (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Difference Between Carry Value Of Net Assets And Tax Basis Of Net Assets | $ 1,600,000 | ||
Current Income Tax Expense (Benefit) | $ 3,650 | $ 2,966 | $ 1,893 |
Annual dividends distribution percentage to shareholders to qualify as a REIT | 90% | ||
Significant temporary differences or tax credits associated with our taxable REIT subsidiaries | $ 0 | ||
Uncertain tax positions or unrecognized tax benefits | $ 0 | ||
Minimum [Member] | |||
Operating Loss Carryforwards, Expiration Dates | Jan. 01, 2034 | ||
Maximum [Member] | |||
Operating Loss Carryforwards, Expiration Dates | Jan. 01, 2037 |
Income Taxes (Schedule of Per S
Income Taxes (Schedule of Per Share Distributions Reported to Shareholders) (Details) - $ / shares | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Income Tax Disclosure [Abstract] | |||
Ordinary Income | $ 2.06 | ||
Long-term capital gain | 1.14 | ||
Return of capital | 0 | ||
Unrecaptured Sec. 1250 gain | 0.12 | ||
Total common share distributions | $ 4 | $ 3.76 | 3.32 |
Cash distributions declared to equity holders per share | 4 | 3.76 | 3.32 |
Ordinary Income | 2.06 | ||
Long-term capital gain | 1.14 | ||
Return of capital | 0 | ||
Unrecaptured Sec. 1250 gain | $ 0.12 | ||
Tax Characteristics dividend | |||
Income Tax Disclosure [Abstract] | |||
Ordinary Income | 2.54 | 0 | |
Long-term capital gain | 1.90 | 0.48 | |
Return of capital | 0 | 2.26 | |
Unrecaptured Sec. 1250 gain | 0.50 | 0.08 | |
Total common share distributions | 4.94 | 2.82 | |
Cash distributions declared to equity holders per share | 4.94 | 2.82 | |
Ordinary Income | 2.54 | 0 | |
Long-term capital gain | 1.90 | 0.48 | |
Return of capital | 0 | 2.26 | |
Unrecaptured Sec. 1250 gain | $ 0.50 | $ 0.08 |
Acquisitions and Dispositions (
Acquisitions and Dispositions (Narrative) (Details) | 12 Months Ended | |||||||||||||||||||
Feb. 07, 2024 USD ($) | Jun. 29, 2023 USD ($) | Jun. 08, 2022 USD ($) a | Apr. 07, 2022 USD ($) a | Apr. 01, 2022 USD ($) | Mar. 24, 2022 USD ($) | Mar. 08, 2022 USD ($) a | Dec. 09, 2021 USD ($) a | Nov. 09, 2021 USD ($) | Oct. 25, 2021 USD ($) a | Oct. 14, 2021 USD ($) | Aug. 24, 2021 USD ($) | Jun. 29, 2021 USD ($) a | Jun. 22, 2021 USD ($) | Jun. 02, 2021 USD ($) | Jun. 01, 2021 USD ($) a | Dec. 31, 2023 USD ($) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 USD ($) | Dec. 02, 2021 | |
Property, Plant and Equipment [Line Items] | ||||||||||||||||||||
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | $ 225,416,000 | $ 36,372,000 | $ 174,384,000 | |||||||||||||||||
Payments to Acquire Real Estate | 0 | (1,066,051,000) | (629,959,000) | |||||||||||||||||
Secured notes payable | 330,127,000 | 514,989,000 | ||||||||||||||||||
Gain on acquisition of unconsolidated joint venture interests | 0 | 474,146,000 | 0 | |||||||||||||||||
Real Estate Assets Total | 8,859,603,000 | 9,067,762,000 | ||||||||||||||||||
Other Assets | 244,182,000 | 229,371,000 | ||||||||||||||||||
Other liabilities | 0 | $ 39,168,000 | 0 | |||||||||||||||||
Equity Method Investment, Ownership Percentage CPT | 31.30% | |||||||||||||||||||
Camden Greenville | ||||||||||||||||||||
Property, Plant and Equipment [Line Items] | ||||||||||||||||||||
Number of Operating properties Acquired | 1 | |||||||||||||||||||
Number of Units in Real Estate Property | 558 | |||||||||||||||||||
Payments to Acquire Real Estate | $ (165,500,000) | |||||||||||||||||||
Camden Central | ||||||||||||||||||||
Property, Plant and Equipment [Line Items] | ||||||||||||||||||||
Number of Operating properties Acquired | 1 | |||||||||||||||||||
Number of Units in Real Estate Property | 368 | |||||||||||||||||||
Payments to Acquire Real Estate | $ (176,300,000) | |||||||||||||||||||
Camden Franklin park | ||||||||||||||||||||
Property, Plant and Equipment [Line Items] | ||||||||||||||||||||
Number of Operating properties Acquired | 1 | |||||||||||||||||||
Number of Units in Real Estate Property | 328 | |||||||||||||||||||
Payments to Acquire Real Estate | $ (105,300,000) | |||||||||||||||||||
Camden Music Row | ||||||||||||||||||||
Property, Plant and Equipment [Line Items] | ||||||||||||||||||||
Number of Operating properties Acquired | 1 | |||||||||||||||||||
Number of Units in Real Estate Property | 430 | |||||||||||||||||||
Payments to Acquire Real Estate | $ (186,300,000) | |||||||||||||||||||
Camden Gulch | ||||||||||||||||||||
Property, Plant and Equipment [Line Items] | ||||||||||||||||||||
Area of Land | a | 2 | |||||||||||||||||||
Purchase price of land acquired | $ 36,600,000 | |||||||||||||||||||
Camden Baker | ||||||||||||||||||||
Property, Plant and Equipment [Line Items] | ||||||||||||||||||||
Area of Land | a | 5.2 | |||||||||||||||||||
Purchase price of land acquired | $ 24,000,000 | |||||||||||||||||||
Camden Woodmill Creek | ||||||||||||||||||||
Property, Plant and Equipment [Line Items] | ||||||||||||||||||||
Area of Land | a | 14.6 | |||||||||||||||||||
Purchase price of land acquired | $ 9,300,000 | |||||||||||||||||||
Camden Pier District II | ||||||||||||||||||||
Property, Plant and Equipment [Line Items] | ||||||||||||||||||||
Area of Land | a | 0.2 | |||||||||||||||||||
Purchase price of land acquired | $ 2,100,000 | |||||||||||||||||||
Camden Oak Crest Park [Member] | Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member] | ||||||||||||||||||||
Property, Plant and Equipment [Line Items] | ||||||||||||||||||||
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | 81,100,000 | |||||||||||||||||||
Number of Real Estate Properties | 2 | |||||||||||||||||||
Number of Units in Real Estate Property | 652 | |||||||||||||||||||
Proceeds from Sale of Property, Plant, and Equipment | $ 115,000,000 | |||||||||||||||||||
Camden Russett [Member] | Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member] | ||||||||||||||||||||
Property, Plant and Equipment [Line Items] | ||||||||||||||||||||
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | 93,300,000 | |||||||||||||||||||
Number of Units in Real Estate Property | 426 | |||||||||||||||||||
Proceeds from Sale of Property, Plant, and Equipment | $ 145,000,000 | |||||||||||||||||||
The Funds | ||||||||||||||||||||
Property, Plant and Equipment [Line Items] | ||||||||||||||||||||
Number of Real Estate Properties | 22 | |||||||||||||||||||
Number of Units in Real Estate Property | 7,247 | |||||||||||||||||||
Payments to Acquire Real Estate | $ (1,100,000,000) | |||||||||||||||||||
Secured notes payable | 514,600,000 | |||||||||||||||||||
Real Estate Assets Total | 2,100,000,000 | |||||||||||||||||||
Other Assets | 24,700,000 | |||||||||||||||||||
Below Market Lease, Net | 7,600,000 | |||||||||||||||||||
Other liabilities | 39,200,000 | |||||||||||||||||||
Finite-Lived Intangible Asset, Acquired-in-Place Leases | $ 44,000,000 | |||||||||||||||||||
The Funds | Equity Method Investment, Nonconsolidated Investee or Group of Investees [Member] | ||||||||||||||||||||
Property, Plant and Equipment [Line Items] | ||||||||||||||||||||
equity method investment non-ownership percentage | 68.70% | |||||||||||||||||||
Ballyntine | ||||||||||||||||||||
Property, Plant and Equipment [Line Items] | ||||||||||||||||||||
Area of Land | a | 42.6 | |||||||||||||||||||
Purchase price of land acquired | $ 32,700,000 | |||||||||||||||||||
Nations | ||||||||||||||||||||
Property, Plant and Equipment [Line Items] | ||||||||||||||||||||
Area of Land | a | 3.8 | |||||||||||||||||||
Purchase price of land acquired | $ 30,500,000 | |||||||||||||||||||
Camden Long Meadow Farms | ||||||||||||||||||||
Property, Plant and Equipment [Line Items] | ||||||||||||||||||||
Area of Land | a | 15.9 | |||||||||||||||||||
Purchase price of land acquired | $ 7,800,000 | |||||||||||||||||||
Camden Largo Town Center [Member] | Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member] | ||||||||||||||||||||
Property, Plant and Equipment [Line Items] | ||||||||||||||||||||
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | $ 36,400,000 | |||||||||||||||||||
Number of Real Estate Properties | 1 | |||||||||||||||||||
Number of Units in Real Estate Property | 245 | |||||||||||||||||||
Proceeds from Sale of Property, Plant, and Equipment | $ 71,900,000 | |||||||||||||||||||
Camden Sea Palms and Martinique | Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member] | ||||||||||||||||||||
Property, Plant and Equipment [Line Items] | ||||||||||||||||||||
Number of Real Estate Properties | 2 | |||||||||||||||||||
Number of Units in Real Estate Property | 852 | |||||||||||||||||||
Proceeds from Sale of Property, Plant, and Equipment | $ 225,300,000 | $ 293,100,000 | ||||||||||||||||||
Camden Vantage [Member] | Subsequent Event [Member] | Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member] | ||||||||||||||||||||
Property, Plant and Equipment [Line Items] | ||||||||||||||||||||
Number of Real Estate Properties | 1 | |||||||||||||||||||
Number of Units in Real Estate Property | 592 | |||||||||||||||||||
Proceeds from Sale of Property, Plant, and Equipment | $ 115,000,000 |
Investments In Joint Ventures_2
Investments In Joint Ventures (Narrative) (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Apr. 01, 2022 | |
Fees earned for property and asset management, construction, development, and other services to joint ventures | $ 1.7 | $ 6.6 | |
Equity Method Investment, Ownership Percentage CPT | 31.30% |
Investments In Joint Ventures_3
Investments In Joint Ventures (Aggregate Balance Sheet And Statement Of Income Data For Unconsolidated Joint Ventures) (Details) - USD ($) $ in Thousands | 12 Months Ended | ||||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |||
Schedule of Equity Method Investments [Line Items] | |||||
Net income | $ 410,553 | $ 661,508 | $ 312,376 | ||
Equity in income of joint ventures | 0 | 3,048 | 9,777 | ||
Equity Method Investment, Nonconsolidated Investee or Group of Investees | |||||
Schedule of Equity Method Investments [Line Items] | |||||
Revenues | 0 | 37,200 | [1] | 139,000 | |
Net income | 0 | 7,100 | [1] | 21,300 | |
Equity in income of joint ventures | [2] | $ 0 | $ 3,000 | [1] | $ 9,800 |
[1] Results for 2022 related to activity during the first quarter. We consolidated the operations of the Funds as of April 1, 2022. Equity in income excluded our ownership interest of fee income from various services provided by us to the Funds. |
Notes Payable (Summary Of Indeb
Notes Payable (Summary Of Indebtedness) (Details) - USD ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2023 | Nov. 01, 2023 | Dec. 31, 2022 | ||
Total notes payable | [1] | $ 3,715,400 | $ 3,680,900 | |
Value Of Real Estate Assets At Cost Subject To Secured Notes | 1,342,200 | 2,080,900 | ||
Unsecured Debt | 3,385,309 | 3,165,924 | ||
Secured Debt | 330,127 | 514,989 | ||
Commercial Banks [Member] | ||||
Unsecured Debt | 339,900 | 381,800 | ||
Senior Unsecured Notes [Member] | ||||
Unsecured Debt | $ 3,045,400 | $ 2,784,100 | ||
6.57% Term loan Due 2024 | Commercial Banks [Member] | ||||
Notes payable, effective interest rate | 6.57% | 1.85% | ||
Debt Instrument, Maturity Date | Sep. 30, 2024 | |||
Unsecured Debt | $ 39,900 | $ 39,800 | ||
6.21% Term loan, due 2024 | Commercial Banks [Member] | ||||
Debt Instrument, Maturity Date | Aug. 29, 2025 | |||
Unsecured Debt | $ 300,000 | $ 300,000 | ||
5.07% Notes Due 2023 | Senior Unsecured Notes [Member] | ||||
Notes payable, effective interest rate | 5.07% | 5.07% | ||
Debt Instrument, Maturity Date | Jun. 15, 2023 | |||
Unsecured Debt | $ 0 | $ 249,800 | ||
4.36% Notes Due 2024 | Senior Unsecured Notes [Member] | ||||
Notes payable, effective interest rate | 4.36% | |||
Debt Instrument, Maturity Date | Jan. 15, 2024 | |||
Unsecured Debt | $ 249,700 | |||
3.68% Notes Due 2024 | Senior Unsecured Notes [Member] | ||||
Notes payable, effective interest rate | 3.68% | 3.68% | ||
Debt Instrument, Maturity Date | Sep. 15, 2024 | |||
Unsecured Debt | $ 249,700 | $ 249,200 | ||
6.69% Note, Due 2026 | Senior Unsecured Notes [Member] | ||||
Notes payable, effective interest rate | 6.69% | 5.85% | ||
Debt Instrument, Maturity Date | Nov. 03, 2026 | |||
Unsecured Debt | [2] | $ 508,600 | $ 0 | |
3.74% Notes Due 2028 | Senior Unsecured Notes [Member] | ||||
Notes payable, effective interest rate | 3.74% | 3.74% | ||
Debt Instrument, Maturity Date | Oct. 15, 2028 | |||
Unsecured Debt | $ 398,700 | $ 398,300 | ||
3.67% Notes due 2029 | Senior Unsecured Notes [Member] | ||||
Notes payable, effective interest rate | 3.67% | 3.67% | ||
Debt Instrument, Maturity Date | Jul. 01, 2029 | |||
Unsecured Debt | [3] | $ 596,100 | $ 595,500 | |
2.91% Notes due 2030 | Senior Unsecured Notes [Member] | ||||
Notes payable, effective interest rate | 2.91% | 2.91% | ||
Debt Instrument, Maturity Date | May 15, 2030 | |||
Unsecured Debt | $ 745,400 | $ 744,800 | ||
3.41% Notes due 2049 | Senior Unsecured Notes [Member] | ||||
Notes payable, effective interest rate | 3.41% | 3.41% | ||
Debt Instrument, Maturity Date | Nov. 01, 2049 | |||
Unsecured Debt | $ 296,900 | $ 296,800 | ||
3.78% - 4.04% Conventional Mortgage Notes, due 2026 - 2028 | Secured Debt [Member] | ||||
Secured Debt | $ 291,300 | 291,200 | ||
3.78% - 4.04% Conventional Mortgage Notes, due 2026 - 2028 | Secured Debt [Member] | Minimum [Member] | ||||
Notes payable, effective interest rate | 3.78% | |||
Debt Instrument, Maturity Date | Oct. 01, 2026 | |||
3.78% - 4.04% Conventional Mortgage Notes, due 2026 - 2028 | Secured Debt [Member] | Maximum [Member] | ||||
Notes payable, effective interest rate | 4.04% | |||
Debt Instrument, Maturity Date | Apr. 01, 2028 | |||
6.69% Variable Rate Notes, due 2026 | Secured Debt [Member] | ||||
Notes payable, effective interest rate | 6.69% | |||
Secured Debt | $ 0 | 166,200 | ||
6.69% Variable Rate Notes, due 2026 | Secured Debt [Member] | Minimum [Member] | ||||
Debt Instrument, Maturity Date | Apr. 01, 2026 | |||
6.69% Variable Rate Notes, due 2026 | Secured Debt [Member] | Maximum [Member] | ||||
Debt Instrument, Maturity Date | Oct. 01, 2026 | |||
6.99% Variable Rate Construction Note, due 2024 | Secured Debt [Member] | ||||
Notes payable, effective interest rate | 6.99% | |||
Debt Instrument, Maturity Date | Jun. 20, 2024 | |||
Secured Debt | $ 0 | 18,900 | ||
3.87% note, due 2028 | Secured Debt [Member] | ||||
Notes payable, effective interest rate | 3.87% | |||
Debt Instrument, Maturity Date | Jan. 01, 2028 | |||
Secured Debt | $ 38,800 | 38,700 | ||
Unsecured Credit Facility [Member] | Commercial Banks [Member] | ||||
Unsecured Debt | $ 0 | $ 42,000 | ||
[1] Unamortized debt discounts, debt issuance costs, and fair market value adjustments of $5.5 million and $18.0 million are included in senior unsecured and secured notes payable as of December 31, 2023 and 2022, respectively. Amount includes an $11.6 million cumulative fair value adjustment due to changes in benchmark interest rates related to our 2026 Notes. See further discussion below. The 2029 Notes have an effective annual interest rate of approximately 3.84% through June 2026, which includes the effect of a settled forward interest rate swap, and approximately 3.28% thereafter, for an all-in average effective rate of approximately 3.67%. |
Notes Payable (Narrative) (Deta
Notes Payable (Narrative) (Details) $ in Thousands | 1 Months Ended | 12 Months Ended | ||||||||
Jan. 04, 2024 USD ($) | Nov. 01, 2023 USD ($) | Jan. 31, 2024 USD ($) | Dec. 31, 2023 USD ($) yr | Dec. 31, 2022 USD ($) | Dec. 31, 2021 USD ($) | May 31, 2023 USD ($) | Sep. 30, 2022 USD ($) | Apr. 01, 2022 USD ($) | ||
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net | $ 5,500 | $ 18,000 | ||||||||
Unsecured notes payable | 3,385,309 | 3,165,924 | ||||||||
Total notes payable | [1] | 3,715,400 | 3,680,900 | |||||||
Loss on early retirement of debt | 2,513 | 0 | $ 0 | |||||||
Available amount under unsecured credit facility | $ 1,200,000 | |||||||||
Weighted average interest rate on floating rate debt | [2] | 4.20% | ||||||||
Weighted average maturity of indebtedness (including unsecured credit facility and unsecured short-term borrowings) (in years) | yr | 5.6 | |||||||||
Repayments of Notes Payable | $ 437,749 | 350,000 | $ 0 | |||||||
Secured notes payable | 330,127 | 514,989 | ||||||||
Debt Instrument, Unamortized Discount (Premium), Net | 800 | $ 2,400 | ||||||||
Payment for Debt Extinguishment or Debt Prepayment Cost | 1,700 | |||||||||
Amortization of Debt Discount (Premium) | 400 | 400 | ||||||||
The Funds | ||||||||||
Secured notes payable | $ 514,600 | |||||||||
Letter Of Credit [Member] | ||||||||||
Maximum Ability to Issue Letters of Credit Under Unsecured Credit Facility | 50,000 | |||||||||
Outstanding balance under credit facility | 27,700 | |||||||||
Commercial Banks [Member] | ||||||||||
Unsecured notes payable | 339,900 | 381,800 | ||||||||
Commercial Banks [Member] | Unsecured Credit Facility [Member] | ||||||||||
Unsecured notes payable | 0 | 42,000 | ||||||||
Senior Unsecured Notes [Member] | ||||||||||
Unsecured notes payable | 3,045,400 | 2,784,100 | ||||||||
Senior Unsecured Notes [Member] | Fair Value Hedging | ||||||||||
Interest swap valuation adjustment | 11,600 | |||||||||
Secured Debt [Member] | Minimum [Member] | The Funds | ||||||||||
Notes payable, effective interest rate | 2.47% | |||||||||
Secured Debt [Member] | Maximum [Member] | The Funds | ||||||||||
Notes payable, effective interest rate | 4.04% | |||||||||
secured notes payable | The Funds | ||||||||||
Secured notes payable | $ 514,600 | |||||||||
Unsecured Credit Facility [Member] | ||||||||||
Value not exceeding the amount available under the unsecured credit facility | $ 600,000 | |||||||||
Terms Of Bid Rate Loans | 180 days | |||||||||
Unsecured Credit Facility [Member] | August 2022 Credit Agreement | ||||||||||
Line of Credit Facility, Maximum Borrowing Capacity | $ 1,200,000 | |||||||||
Unsecured Credit Facility [Member] | Subsequent Event [Member] | ||||||||||
Line of Credit Facility, Increase (Decrease), Net | $ 300,000 | |||||||||
Unsecured Credit Facility [Member] | Commercial Banks [Member] | ||||||||||
Notes payable, effective interest rate | 6.13% | |||||||||
Floating Rate Notes Payable [Member] | ||||||||||
Total notes payable | [3] | $ 848,500 | $ 566,900 | |||||||
Weighted average interest rate on floating rate debt | 6.50% | 5.50% | ||||||||
6.57% Term loan Due 2024 | Commercial Banks [Member] | ||||||||||
Unsecured notes payable | $ 39,900 | $ 39,800 | ||||||||
Debt Instrument, Maturity Date | Sep. 30, 2024 | |||||||||
Notes payable, effective interest rate | 6.57% | 1.85% | ||||||||
6.21% Term loan, due 2024 | Commercial Banks [Member] | ||||||||||
Unsecured notes payable | $ 300,000 | $ 300,000 | ||||||||
Debt Instrument, Maturity Date | Aug. 29, 2025 | |||||||||
6.21% Term loan, due 2024 | Commercial Banks [Member] | Subsequent Event [Member] | ||||||||||
Notes payable, effective interest rate | 6.21% | |||||||||
Repayments of Notes Payable | $ 300,000 | |||||||||
3.78% - 4.04% Conventional Mortgage Notes, due 2026 - 2028 | Secured Debt [Member] | ||||||||||
Secured notes payable | $ 291,300 | 291,200 | ||||||||
3.78% - 4.04% Conventional Mortgage Notes, due 2026 - 2028 | Secured Debt [Member] | Minimum [Member] | ||||||||||
Debt Instrument, Maturity Date | Oct. 01, 2026 | |||||||||
Notes payable, effective interest rate | 3.78% | |||||||||
3.78% - 4.04% Conventional Mortgage Notes, due 2026 - 2028 | Secured Debt [Member] | Maximum [Member] | ||||||||||
Debt Instrument, Maturity Date | Apr. 01, 2028 | |||||||||
Notes payable, effective interest rate | 4.04% | |||||||||
6.69% Variable Rate Notes, due 2026 | Secured Debt [Member] | ||||||||||
Notes payable, effective interest rate | 6.69% | |||||||||
Secured notes payable | $ 0 | 166,200 | ||||||||
6.69% Variable Rate Notes, due 2026 | Secured Debt [Member] | Minimum [Member] | ||||||||||
Debt Instrument, Maturity Date | Apr. 01, 2026 | |||||||||
6.69% Variable Rate Notes, due 2026 | Secured Debt [Member] | Maximum [Member] | ||||||||||
Debt Instrument, Maturity Date | Oct. 01, 2026 | |||||||||
6.99% Variable Rate Construction Note, due 2024 | Secured Debt [Member] | ||||||||||
Debt Instrument, Maturity Date | Jun. 20, 2024 | |||||||||
Notes payable, effective interest rate | 6.99% | |||||||||
Secured notes payable | $ 0 | 18,900 | ||||||||
3.87% note, due 2028 | Secured Debt [Member] | ||||||||||
Debt Instrument, Maturity Date | Jan. 01, 2028 | |||||||||
Notes payable, effective interest rate | 3.87% | |||||||||
Secured notes payable | $ 38,800 | 38,700 | ||||||||
3.15% Notes Due 2022 | Senior Unsecured Notes [Member] | ||||||||||
Repayments of Notes Payable | 250,000 | |||||||||
Term loan, due 2024 full value | Commercial Banks [Member] | ||||||||||
Unsecured notes payable | $ 40,000 | |||||||||
6.69% Note, Due 2026 | Senior Unsecured Notes [Member] | ||||||||||
Unsecured notes payable | [4] | $ 508,600 | 0 | |||||||
Debt Instrument, Maturity Date | Nov. 03, 2026 | |||||||||
Notes payable, effective interest rate | 5.85% | 6.69% | ||||||||
Debt Instrument, Face Amount | $ 500,000 | |||||||||
Discounted notes payable face amount | 99.997% | |||||||||
Debt Instrument, Interest Rate During Period | 5.851% | |||||||||
Proceeds from Issuance of Debt | $ 496,900 | |||||||||
Derivative, Notional Amount | $ 500,000 | |||||||||
Secured variable rate notes | ||||||||||
Debt Instrument, Unamortized Discount | $ 800 | |||||||||
Secured variable rate notes | Secured Debt [Member] | ||||||||||
Loss on early retirement of debt | $ (2,500) | |||||||||
Secured notes payable | $ 185,200 | |||||||||
Four Point Nine Percentage Notes Due 2034 | Senior Unsecured Notes [Member] | Subsequent Event [Member] | ||||||||||
Notes payable, effective interest rate | 4.90% | |||||||||
Debt Instrument, Face Amount | $ 400,000 | |||||||||
Discounted notes payable face amount | 99.638% | |||||||||
Debt Instrument, Interest Rate During Period | 4.946% | |||||||||
Proceeds from Issuance of Debt | $ 394,800 | |||||||||
4.36% Notes Due 2024 | Commercial Banks [Member] | Subsequent Event [Member] | ||||||||||
Repayments of Notes Payable | $ 250,000 | |||||||||
4.36% Notes Due 2024 | Senior Unsecured Notes [Member] | ||||||||||
Unsecured notes payable | $ 249,700 | |||||||||
Debt Instrument, Maturity Date | Jan. 15, 2024 | |||||||||
Notes payable, effective interest rate | 4.36% | |||||||||
4.36% Notes Due 2024 | Senior Unsecured Notes [Member] | Subsequent Event [Member] | ||||||||||
Notes payable, effective interest rate | 4.36% | |||||||||
Repayments of Notes Payable | $ 250,000 | |||||||||
5.07% Notes Due 2023 | Senior Unsecured Notes [Member] | ||||||||||
Unsecured notes payable | $ 0 | $ 249,800 | ||||||||
Debt Instrument, Maturity Date | Jun. 15, 2023 | |||||||||
Notes payable, effective interest rate | 5.07% | 5.07% | ||||||||
[1] Unamortized debt discounts, debt issuance costs, and fair market value adjustments of $5.5 million and $18.0 million are included in senior unsecured and secured notes payable as of December 31, 2023 and 2022, respectively. Includes the effects of the applicable settled derivatives. Includes the 2026 Notes at December 31, 2023, and includes balances outstanding under our unsecured revolving credit facility at December 31, 2022. Amount includes an $11.6 million cumulative fair value adjustment due to changes in benchmark interest rates related to our 2026 Notes. See further discussion below. |
Notes Payable (Scheduled Repaym
Notes Payable (Scheduled Repayments On Outstanding Debt) (Details) $ in Millions | Dec. 31, 2023 USD ($) | |
2024 | $ 536.6 | [1] |
2025 | 296.9 | [2] |
2026 | 532.7 | |
2027 | 172.9 | |
2028 | 530.4 | |
Thereafter | 1,645.9 | |
Total notes payable | $ 3,715.4 | [3],[4] |
Weighted Average Interest Rate | 4.20% | [5] |
Maturities due in 2024 | ||
Weighted Average Interest Rate | 4.20% | [1] |
Maturities due in 2025 | ||
Weighted Average Interest Rate | 6.20% | [2] |
Maturities due in 2026 | ||
Weighted Average Interest Rate | 6.60% | |
Maturities due in 2027 | ||
Weighted Average Interest Rate | 3.90% | |
Maturities due in 2028 | ||
Weighted Average Interest Rate | 3.80% | |
Maturities Due Thereafter [Member] | ||
Weighted Average Interest Rate | 3.30% | |
[1] In January 2024, we repaid the $250.0 million principal balance related to the 4.36% senior unsecured notes. See further discussion below. In January 2024, we repaid the $300 million, 6.21% unsecured term loan. See further discussion below. Includes amortization of debt discounts, debt issuance costs, and fair market value adjustments. Includes all available extension options. Includes the effects of the applicable settled derivatives. |
Derivative Financial Instrume_2
Derivative Financial Instruments and Hedging Activities (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |||
CPT Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net | $ 1,400 | $ 1,300 | $ 1,300 |
Unsecured Debt | $ 3,385,309 | $ 3,165,924 |
Derivative Financial Instrume_3
Derivative Financial Instruments and Hedging Activities Reclassified Gain (Loss) on Derivatives Table (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | ||||
Dec. 31, 2023 | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | Nov. 01, 2023 | ||
Derivative Instruments, Gain (Loss) [Line Items] | ||||||
Unsecured Debt | $ 3,385,309 | $ 3,385,309 | $ 3,165,924 | |||
Unrealized Gain (Loss) on Interest Rate Cash Flow Hedges, Accumulated Other Comprehensive Income (Loss) | 700 | |||||
CPT Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net | 1,400 | 1,300 | $ 1,300 | |||
Senior Unsecured Notes [Member] | ||||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||||
Unsecured Debt | 3,045,400 | 3,045,400 | 2,784,100 | |||
Senior Unsecured Notes [Member] | 6.69% Note, Due 2026 | ||||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||||
Derivative, Notional Amount | $ 500,000 | |||||
Unsecured Debt | [1] | 508,600 | 508,600 | $ 0 | ||
Fair Value Hedging | Senior Unsecured Notes [Member] | ||||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||||
Interest swap valuation adjustment | $ 11,600 | $ 11,600 | ||||
[1] Amount includes an $11.6 million cumulative fair value adjustment due to changes in benchmark interest rates related to our 2026 Notes. See further discussion below. |
Share-Based Compensation and _3
Share-Based Compensation and Benefit Plans (Narrative) (Details) | 12 Months Ended | |||
Dec. 31, 2023 USD ($) shares | Dec. 31, 2022 USD ($) shares | Dec. 31, 2021 USD ($) | May 17, 2018 shares | |
Total compensation cost for option and share awards | $ 15,800,000 | $ 14,200,000 | $ 16,100,000 | |
Total capitalized compensation cost for option and share awards | $ 5,900,000 | $ 4,500,000 | 3,800,000 | |
Percentage Of Market Value Per Share At Which Shares Purchased Under Employee Share Purchase Plan | 85% | |||
EmployeeSharePurchasePlanMaximumAuthorizedAmountPerParticipant | $ 25,000 | |||
Share Awards Held In Employee Trust Shares | shares | 1,000,000 | 1,100,000 | ||
Share Awards Held In Non Qualified Deferred Compensation Plan Shares | $ 9,700,000 | $ 8,900,000 | ||
Cash Required By Plan Participants Upon Withdrawal | 11,900,000 | 13,300,000 | ||
Defined Contribution Plan, Cost | $ 3,400,000 | $ 3,400,000 | 3,300,000 | |
Employee Share Purchase Program maximum shares available | shares | 500,000 | |||
Share Awards Held In Non Qualified Deferred Compensation Plan Shares | shares | 1,100,000 | 1,000,000 | ||
Trading Securities Held In Non Qualified Deferred Compensation Plan Value | $ 122,300,000 | $ 111,700,000 | ||
Share Awards and Vesting [Member] | ||||
Total unrecognized compensation cost related to unvested options which is expected to be amortized | 12,700,000 | |||
Fair value of shares vested | $ 24,700,000 | $ 19,400,000 | $ 23,600,000 | |
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition | 2 years | |||
Maximum [Member] | Share Awards and Vesting [Member] | ||||
Vesting period, years | 3 years | |||
Two Thousand Eighteen Share Incentive Plan [Member] | ||||
Total fungible units to be issued | shares | 5,200,000 | 9,700,000 | ||
Fungible Units To Full Value Award Conversion Ratio | 3.45 | |||
Full Value award in the fungible unit conversion ratio | shares | 1 | |||
Expiration value of option right or other award | shares | 1 | |||
Common shares which could be granted pursuant to full value awards | shares | 1,500,000 |
Share-Based Compensation and _4
Share-Based Compensation and Benefit Plans (Summary Of Share Incentive Plans) (Details) - $ / shares | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested [Roll Forward] | |||
Nonvested share awards outstanding, Beginning balance | 164,647 | ||
Granted, Share Awards Outstanding | 219,250 | ||
Exercised/Vested, Share Awards Outstanding | (203,547) | ||
Forfeited, Share Awards Outstanding | (6,186) | ||
Nonvested share awards outstanding, Ending balance | 174,164 | 164,647 | |
Nonvested share awards outstanding, Weighted Average Exercise/Grant Price Beginning | $ 132.99 | ||
Granted, Weighted Average Exercise/Grant Price | 117.02 | $ 161.91 | $ 105.87 |
Exercised/Vested, Weighted Average Exercise/Grant Price | 121.46 | ||
Forfeited, Weighted Average Exercise/Grant Price | 130.31 | ||
Nonvested share awards outstanding, Weighted Average Exercise/Grant Price Ending | $ 126.46 | $ 132.99 |
Share-Based Compensation and _5
Share-Based Compensation and Benefit Plans (Employee Share Purchase Plan Activity) (Details) - USD ($) $ / shares in Units, $ in Millions | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Share-Based Payment Arrangement, Noncash Expense [Abstract] | |||
Stock Issued During Period, Shares, Employee Stock Purchase Plans | 17,306 | 15,353 | 29,857 |
Weighted Average Fair Value Of Shares Purchased Under Employee Share Purchase Plan | $ 104.26 | $ 119.15 | $ 141.64 |
Employee Stock Ownership Plan (ESOP), Compensation Expense | $ 0.2 | $ 0.2 | $ 1.2 |
Fair Value Measurements (Financ
Fair Value Measurements (Financial Assets And Liabilities Measured At Fair Value) (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | ||
Deferred compensation plan investments | $ 132 | [1] | $ 120.7 |
Interest Rate Cash Flow Hedge Liability at Fair Value | |||
Participant Withdrawals From Deferred Compensation Plan Investments | 10.9 | 3.6 | |
Level 1 [Member] | |||
Deferred compensation plan investments | 132 | 120.7 | |
Level 2 [Member] | |||
Deferred compensation plan investments | 0 | 0 | |
Level 3 [Member] | |||
Deferred compensation plan investments | 0 | 0 | |
Interest Rate Swap [Member] | |||
Interest Rate Cash Flow Hedge Liability at Fair Value | 0.7 | 0 | |
Interest Rate Swap [Member] | Level 1 [Member] | |||
Interest Rate Cash Flow Hedge Liability at Fair Value | 0 | 0 | |
Interest Rate Swap [Member] | Level 2 [Member] | |||
Interest Rate Cash Flow Hedge Liability at Fair Value | 0.7 | 0 | |
Interest Rate Swap [Member] | Level 3 [Member] | |||
Interest Rate Cash Flow Hedge Liability at Fair Value | 0 | 0 | |
Fair Value Hedging | |||
Hedged Asset, Fair Value Hedge | 11.6 | 0 | |
Fair Value Hedging | Level 1 [Member] | |||
Hedged Asset, Fair Value Hedge | 0 | 0 | |
Fair Value Hedging | Level 2 [Member] | |||
Hedged Asset, Fair Value Hedge | 11.6 | 0 | |
Fair Value Hedging | Level 3 [Member] | |||
Hedged Asset, Fair Value Hedge | $ 0 | $ 0 | |
[1] Approximately $10.9 million and $3.6 million of participant cash was withdrawn from our deferred compensation plan investments during the years ended December 31, 2023 and 2022, respectively. |
Fair Value Measurements (Fair V
Fair Value Measurements (Fair Value Of Notes Payable) (Details) - USD ($) $ in Millions | Dec. 31, 2023 | Dec. 31, 2022 | |
Carrying Value | [1] | $ 3,715.4 | $ 3,680.9 |
Fixed Rate Notes Payable [Member] | |||
Carrying Value | 2,866.9 | 3,114 | |
Estimated Fair Value | 2,651.6 | 2,806.1 | |
Floating Rate Notes Payable [Member] | |||
Carrying Value | [2] | 848.5 | 566.9 |
Estimated Fair Value | [2] | $ 864.9 | $ 566.8 |
[1] Unamortized debt discounts, debt issuance costs, and fair market value adjustments of $5.5 million and $18.0 million are included in senior unsecured and secured notes payable as of December 31, 2023 and 2022, respectively. Includes the 2026 Notes at December 31, 2023, and includes balances outstanding under our unsecured revolving credit facility at December 31, 2022. |
Fair Value Measurements (Narrat
Fair Value Measurements (Narrative) (Details) | Apr. 01, 2022 |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |
Equity Method Investment, Ownership Percentage CPT | 31.30% |
The Funds | Equity Method Investment, Nonconsolidated Investee or Group of Investees [Member] | |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | |
equity method investment non-ownership percentage | 68.70% |
Net Change In Operating Accou_3
Net Change In Operating Accounts (Effect Of Changes In The Operating Accounts On Cash Flows From Operating Activities) (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Increase (Decrease) in Operating Capital [Abstract] | |||
Other assets, net | $ (1,951) | $ (13,950) | $ (12,068) |
Accounts payable and accrued expenses | 13,639 | (2,990) | 14,786 |
Accrued real estate taxes | 968 | 22,901 | (809) |
Other liabilities | 2,018 | (6,207) | (2,133) |
Other | 3,301 | 4,159 | 3,742 |
Net change in operating accounts and other | $ 17,975 | $ 3,913 | $ 3,518 |
Commitments And Contingencies (
Commitments And Contingencies (Details) $ in Millions | 12 Months Ended | |
Dec. 31, 2023 USD ($) | Dec. 31, 2022 USD ($) | |
Anticipated expenditures relating to completion of construction type contracts | $ 137.6 | |
Number of consolidated projects under construction | 4 | |
Earnest Money Deposits | $ 0.6 | |
Lessee, Operating Lease, Liability, Payments, Due 2024 | 3.3 | |
Lessee, Operating Lease, Liability, Payments, Due 2025 | 2.4 | |
Lessee, Operating Lease, Liability, Payments, Due 2026 | 0.5 | |
Lessee, Operating Lease, Liability, Payments, Due 2027 | 0.2 | |
Lessee, Operating Lease, Liability, Payments, Due 2028 | 0 | |
Lessee, Operating Lease, Liability, Payments, Due Thereafter | 0 | |
Lessee, Operating Lease, Liability, Undiscounted Excess Amount | (0.4) | |
Operating Lease, Liability | 6 | $ 8.4 |
Operating Lease, Right-of-Use Asset | 4.4 | 6 |
Rent expense related to operating lease liabilities | 2.7 | 2.7 |
Variable Lease, Cost | 1.2 | 1.3 |
Operating Lease, Expense | 3.9 | 4 |
Cash flows from operating leases | $ 2.6 | $ 2.5 |
Operating Lease, Weighted Average Remaining Lease Term | 2 years 4 months 24 days | 2 years 10 months 24 days |
Operating Lease, Weighted Average Discount Rate, Percent | 5.10% | 4.60% |
Operating Lease, Liability | Other Liabilities | Other Liabilities |
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration] | Other Assets | Other Assets |
non-refundable earnest money | ||
Earnest Money Deposits | $ 0.5 |
Schedule III - Real Estate an_3
Schedule III - Real Estate and Accumulated Depreciation (Details) - USD ($) $ in Thousands | 12 Months Ended | ||||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | ||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 1,701,683 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 9,761,862 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 1,728,582 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 1,701,683 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 11,490,444 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 13,192,127 | $ 12,915,873 | $ 10,449,067 | $ 9,553,177 | |
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 4,332,524 | $ 3,848,111 | $ 3,358,027 | $ 3,034,186 | |
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | 8,859,603 | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 330,127 | ||||
Current Communities [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 1,701,683 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 9,177,188 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 1,728,582 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 1,701,683 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 10,905,770 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 12,607,453 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 4,330,969 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | 8,276,484 | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | 330,127 | ||||
Current Communities [Member] | Camden Chandler [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 5,511 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 62,429 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 1,937 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 5,511 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 64,366 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 69,877 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 20,993 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 48,884 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2016 | ||||
Current Communities [Member] | Camden Copper Square [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 4,825 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 23,672 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 18,415 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 4,825 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 42,087 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 46,912 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 27,156 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 19,756 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2000 | ||||
Current Communities [Member] | Camden Foothills [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 11,006 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 33,712 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 1,633 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 11,006 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 35,345 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 46,351 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 12,409 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 33,942 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2014 | ||||
Current Communities [Member] | Camden Legacy [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 4,068 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 26,612 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 28,213 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 4,068 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 54,825 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 58,893 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 40,577 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 18,316 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 1998 | ||||
Current Communities [Member] | Camden Montierra [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 13,687 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 31,727 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 9,295 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 13,687 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 41,022 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 54,709 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 16,733 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 37,976 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2012 | ||||
Current Communities [Member] | Camden North End [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 16,108 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 82,620 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 497 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 16,108 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 83,117 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 99,225 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 28,923 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 70,302 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2019 | ||||
Current Communities [Member] | Camden North End II [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 10,176 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 70,097 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 363 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 10,176 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 70,460 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 80,636 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 16,335 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 64,301 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2021 | ||||
Current Communities [Member] | Camden Old Town Scottsdale [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 23,227 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 71,784 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 4,309 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 23,227 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 76,093 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 99,320 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 25,023 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 74,297 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2019 | ||||
Current Communities [Member] | Camden Pecos Ranch [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 3,362 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 24,492 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 12,905 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 3,362 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 37,397 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 40,759 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 16,374 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 24,385 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2012 | ||||
Current Communities [Member] | Camden San Marcos [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 11,520 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 35,166 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 14,693 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 11,520 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 49,859 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 61,379 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 19,113 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 42,266 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2012 | ||||
Current Communities [Member] | Camden San Paloma [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 6,480 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 23,045 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 21,017 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 6,480 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 44,062 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 50,542 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 26,478 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 24,064 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2002 | ||||
Current Communities [Member] | Camden Sotelo [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 3,376 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 30,576 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 3,270 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 3,376 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 33,846 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 37,222 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 12,106 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 25,116 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2013 | ||||
Current Communities [Member] | Camden Tempe | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 9,248 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 35,254 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 1,403 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 9,248 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 36,657 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 45,905 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 12,551 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 33,354 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2015 | ||||
Current Communities [Member] | Camden Tempe II | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 18,429 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 89,334 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 9 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 18,429 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 89,343 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 107,772 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 8,811 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 98,961 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2023 | ||||
Current Communities [Member] | Camden Crown Valley [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 9,381 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 54,210 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 20,724 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 9,381 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 74,934 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 84,315 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 48,434 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 35,881 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2001 | ||||
Current Communities [Member] | Camden Glendale [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 21,492 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 96,158 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 4,173 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 21,492 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 100,331 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 121,823 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 31,732 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 90,091 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2015 | ||||
Current Communities [Member] | Camden Harbor View [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 16,079 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 127,459 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 45,262 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 16,079 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 172,721 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 188,800 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 102,606 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 86,194 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2003 | ||||
Current Communities [Member] | Camden Main Jamboree [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 17,363 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 75,387 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 15,680 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 17,363 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 91,067 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 108,430 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 34,967 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 73,463 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2008 | ||||
Current Communities [Member] | The Camden [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 18,286 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 118,730 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 2,082 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 18,286 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 120,812 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 139,098 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 35,935 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 103,163 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2016 | ||||
Current Communities [Member] | Camden Hillcrest [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 20,409 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 72,487 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 488 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 20,409 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 72,975 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 93,384 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 12,037 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 81,347 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2021 | ||||
Current Communities [Member] | Camden Landmark [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 17,339 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 71,315 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 13,185 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 17,339 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 84,500 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 101,839 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 31,102 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 70,737 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2012 | ||||
Current Communities [Member] | Camden Old Creek [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 20,360 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 71,777 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 10,821 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 20,360 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 82,598 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 102,958 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 44,484 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 58,474 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2007 | ||||
Current Communities [Member] | Camden Sierra At Otay Ranch [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 10,585 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 49,781 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 17,108 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 10,585 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 66,889 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 77,474 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 41,772 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 35,702 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2003 | ||||
Current Communities [Member] | Camden Tuscany [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 3,330 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 36,466 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 11,713 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 3,330 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 48,179 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 51,509 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 29,318 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 22,191 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2003 | ||||
Current Communities [Member] | Camden Vineyards [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 4,367 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 28,494 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 12,439 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 4,367 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 40,933 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 45,300 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 24,144 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 21,156 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2002 | ||||
Current Communities [Member] | Camden Belleview Station [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 8,091 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 44,003 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 12,614 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 8,091 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 56,617 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 64,708 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 22,392 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 42,316 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2012 | ||||
Current Communities [Member] | Camden Caley [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 2,047 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 17,445 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 13,806 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 2,047 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 31,251 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 33,298 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 22,427 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 10,871 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2000 | ||||
Current Communities [Member] | Camden Denver West [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 6,396 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 51,552 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 15,273 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 6,396 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 66,825 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 73,221 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 28,080 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 45,141 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2012 | ||||
Current Communities [Member] | Camden Flatirons [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 6,849 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 72,631 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 2,283 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 6,849 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 74,914 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 81,763 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 26,517 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 55,246 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2015 | ||||
Current Communities [Member] | Camden Highlands Ridge [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 2,612 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 34,726 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 26,486 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 2,612 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 61,212 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 63,824 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 42,947 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 20,877 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 1996 | ||||
Current Communities [Member] | Camden Interlocken [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 5,293 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 31,612 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 24,696 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 5,293 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 56,308 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 61,601 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 39,918 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 21,683 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 1999 | ||||
Current Communities [Member] | Camden Lakeway [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 3,915 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 34,129 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 34,556 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 3,915 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 68,685 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 72,600 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 48,529 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 24,071 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 1997 | ||||
Current Communities [Member] | Camden Lincoln Station [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 4,648 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 51,762 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 922 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 4,648 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 52,684 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 57,332 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 16,791 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 40,541 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2017 | ||||
Current Communities [Member] | Camden RiNo [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 15,989 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 63,147 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 317 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 15,989 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 63,464 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 79,453 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 16,502 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 62,951 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2020 | ||||
Current Communities [Member] | Camden Ashburn Farms [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 4,835 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 22,604 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 7,392 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 4,835 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 29,996 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 34,831 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 17,866 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 16,965 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2005 | ||||
Current Communities [Member] | Camden College Park [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 16,409 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 91,503 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 15,980 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 16,409 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 107,483 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 123,892 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 42,953 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 80,939 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2008 | ||||
Current Communities [Member] | Camden Dulles Station [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 10,807 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 61,548 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 15,240 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 10,807 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 76,788 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 87,595 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 37,723 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 49,872 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2008 | ||||
Current Communities [Member] | Camden Fair Lakes [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 15,515 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 104,223 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 18,499 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 15,515 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 122,722 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 138,237 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 69,971 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 68,266 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2005 | ||||
Current Communities [Member] | Camden Fairfax Corner [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 8,484 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 72,953 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 14,996 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 8,484 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 87,949 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 96,433 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 48,720 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 47,713 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2006 | ||||
Current Communities [Member] | Camden Fallsgrove [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 9,408 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 43,647 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 8,908 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 9,408 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 52,555 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 61,963 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 30,251 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 31,712 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2005 | ||||
Current Communities [Member] | Camden Grand Parc [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 7,688 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 35,900 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 7,546 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 7,688 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 43,446 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 51,134 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 23,754 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 27,380 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2005 | ||||
Current Communities [Member] | Camden Landsdowne [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 15,502 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 102,267 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 30,796 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 15,502 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 133,063 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 148,565 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 78,568 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 69,997 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2005 | ||||
Current Communities [Member] | Camden Monument Place [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 9,030 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 54,089 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 12,566 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 9,030 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 66,655 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 75,685 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 34,225 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 41,460 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2007 | ||||
Current Communities [Member] | Camden NoMa [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 19,442 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 82,306 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 2,504 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 19,442 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 84,810 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 104,252 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 30,936 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 73,316 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2014 | ||||
Current Communities [Member] | Camden NoMa II [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 17,331 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 91,211 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 493 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 17,331 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 91,704 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 109,035 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 40,485 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 68,550 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2017 | ||||
Current Communities [Member] | Camden Potomac Yard [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 16,498 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 88,317 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 16,638 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 16,498 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 104,955 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 121,453 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 52,560 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 68,893 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2008 | ||||
Current Communities [Member] | Camden Roosevelt [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 11,470 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 45,785 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 8,714 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 11,470 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 54,499 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 65,969 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 30,344 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 35,625 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2005 | ||||
Current Communities [Member] | Camden Shady Grove [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 24,177 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 89,820 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 1,690 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 24,177 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 91,510 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 115,687 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 35,916 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 79,771 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2018 | ||||
Current Communities [Member] | Camden Silo Creek [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 9,707 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 45,301 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 11,242 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 9,707 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 56,543 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 66,250 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 32,157 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 34,093 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2005 | ||||
Current Communities [Member] | Camden South Capitol | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 24,829 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 117,638 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 514 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 24,829 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 118,152 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 142,981 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 13,322 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | 129,659 | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | $ 51,669 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2022 | ||||
Current Communities [Member] | Camden Washingtonian [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 13,512 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 75,134 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 592 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 13,512 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 75,726 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 89,238 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 25,203 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 64,035 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2018 | ||||
Current Communities [Member] | Camden Atlantic [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 9,000 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 93,340 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 39 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 9,000 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 93,379 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 102,379 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 7,906 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 94,473 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2022 | ||||
Current Communities [Member] | Camden Aventura [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 12,185 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 47,616 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 18,320 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 12,185 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 65,936 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 78,121 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 39,814 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 38,307 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2005 | ||||
Current Communities [Member] | Camden Boca Raton [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 2,201 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 50,057 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 2,215 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 2,201 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 52,272 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 54,473 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 17,930 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 36,543 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2014 | ||||
Current Communities [Member] | Camden Brickell [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 14,621 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 57,031 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 45,174 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 14,621 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 102,205 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 116,826 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 58,162 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 58,664 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2005 | ||||
Current Communities [Member] | Camden Doral [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 10,260 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 40,416 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 9,964 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 10,260 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 50,380 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 60,640 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 29,679 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 30,961 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2005 | ||||
Current Communities [Member] | Camden Doral Villas [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 6,476 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 25,543 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 9,770 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 6,476 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 35,313 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 41,789 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 21,727 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 20,062 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2005 | ||||
Current Communities [Member] | Camden Las Olas [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 12,395 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 79,518 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 39,526 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 12,395 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 119,044 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 131,439 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 67,482 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 63,957 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2005 | ||||
Current Communities [Member] | Camden Plantation [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 6,299 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 77,964 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 24,040 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 6,299 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 102,004 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 108,303 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 56,073 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 52,230 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2005 | ||||
Current Communities [Member] | Camden Portofino [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 9,867 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 38,702 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 14,895 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 9,867 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 53,597 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 63,464 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 30,804 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 32,660 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2005 | ||||
Current Communities [Member] | Camden Hunters Creek [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 4,156 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 20,925 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 8,648 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 4,156 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 29,573 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 33,729 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 18,104 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 15,625 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2005 | ||||
Current Communities [Member] | Camden Lago Vista [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 3,497 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 29,623 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 7,729 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 3,497 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 37,352 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 40,849 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 22,974 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 17,875 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2005 | ||||
Current Communities [Member] | Camden Lake Eola [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 11,374 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 113,700 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 585 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 11,374 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 114,285 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 125,659 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 21,516 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 104,143 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2021 | ||||
Current Communities [Member] | Camden LaVina [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 12,907 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 42,617 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 11,198 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 12,907 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 53,815 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 66,722 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 20,536 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 46,186 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2012 | ||||
Current Communities [Member] | Camden Lee Vista [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 4,350 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 34,643 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 21,699 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 4,350 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 56,342 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 60,692 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 37,580 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 23,112 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2000 | ||||
Current Communities [Member] | Camden North Quarter [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 9,990 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 68,471 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 2,309 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 9,990 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 70,780 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 80,770 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 23,781 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 56,989 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2018 | ||||
Current Communities [Member] | Camden Orange Court [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 5,319 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 40,733 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 9,453 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 5,319 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 50,186 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 55,505 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 23,945 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 31,560 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2008 | ||||
Current Communities [Member] | Camden Thornton Park [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 11,711 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 74,628 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 6,825 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 11,711 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 81,453 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 93,164 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 25,162 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 68,002 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2018 | ||||
Current Communities [Member] | Camden Town Square [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 13,127 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 45,997 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 2,712 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 13,127 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 48,709 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 61,836 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 19,026 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 42,810 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2012 | ||||
Current Communities [Member] | Camden Waterford Lakes | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 19,504 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 65,647 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 862 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 19,504 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 66,509 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 86,013 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 9,576 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | 76,437 | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | $ 29,347 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2022 | ||||
Current Communities [Member] | Camden World Gateway [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 5,785 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 51,821 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 12,847 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 5,785 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 64,668 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 70,453 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 36,495 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 33,958 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2005 | ||||
Current Communities [Member] | Camden Bay [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 7,450 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 63,283 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 40,783 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 7,450 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 104,066 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 111,516 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 69,573 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 41,943 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 1998/2002 | ||||
Current Communities [Member] | Camden Central | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 21,780 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 149,251 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 2,670 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 21,780 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 151,921 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 173,701 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 25,675 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 148,026 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2021 | ||||
Current Communities [Member] | Camden Montague [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 3,576 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 16,534 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 1,641 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 3,576 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 18,175 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 21,751 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 7,776 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 13,975 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2012 | ||||
Current Communities [Member] | Camden Pier District [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 21,149 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 105,383 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 4,419 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 21,149 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 109,802 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 130,951 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 36,658 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 94,293 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2018 | ||||
Current Communities [Member] | Camden Preserve [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 1,206 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 17,982 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 15,715 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 1,206 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 33,697 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 34,903 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 26,739 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 8,164 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 1997 | ||||
Current Communities [Member] | Camden Royal Palms [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 2,147 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 38,339 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 7,005 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 2,147 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 45,344 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 47,491 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 23,381 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 24,110 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2007 | ||||
Current Communities [Member] | Camden Visconti | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 27,031 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 114,061 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 3,296 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 27,031 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 117,357 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 144,388 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 15,258 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | 129,130 | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | $ 38,245 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2022 | ||||
Current Communities [Member] | Camden Westchase Park [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 11,955 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 36,254 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 7,592 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 11,955 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 43,846 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 55,801 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 15,768 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 40,033 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2012 | ||||
Current Communities [Member] | Camden Brookwood [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 7,174 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 31,984 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 19,938 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 7,174 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 51,922 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 59,096 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 30,873 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 28,223 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2005 | ||||
Current Communities [Member] | Camden Buckhead [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 7,761 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 156,926 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 519 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 7,761 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 157,445 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 165,206 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 27,846 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 137,360 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2022 | ||||
Current Communities [Member] | Camden Buckhead Square [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 13,200 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 43,785 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 2,792 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 13,200 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 46,577 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 59,777 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 13,255 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 46,522 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2017 | ||||
Current Communities [Member] | Camden Creekstone [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 5,017 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 19,912 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 7,312 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 5,017 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 27,224 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 32,241 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 12,099 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 20,142 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2012 | ||||
Current Communities [Member] | Camden Deerfield [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 4,895 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 21,922 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 17,453 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 4,895 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 39,375 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 44,270 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 23,481 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 20,789 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2005 | ||||
Current Communities [Member] | Camden Dunwoody [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 5,290 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 23,642 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 17,197 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 5,290 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 40,839 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 46,129 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 23,082 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 23,047 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2005 | ||||
Current Communities [Member] | Camden Fourth Ward [Member] [Domain] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 10,477 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 51,258 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 2,849 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 10,477 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 54,107 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 64,584 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 19,628 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 44,956 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2014 | ||||
Current Communities [Member] | Camden Midtown Atlanta [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 6,196 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 33,828 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 14,495 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 6,196 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 48,323 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 54,519 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 29,720 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 24,799 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2005 | ||||
Current Communities [Member] | Camden Paces [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 15,262 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 102,521 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 3,229 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 15,262 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 105,750 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 121,012 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 37,227 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 83,785 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2015 | ||||
Current Communities [Member] | Camden Peachtree City [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 6,536 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 29,063 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 10,535 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 6,536 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 39,598 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 46,134 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 24,231 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 21,903 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2005 | ||||
Current Communities [Member] | Camden Phipps | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 26,840 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 71,006 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 7,069 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 26,840 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 78,075 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 104,915 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 8,883 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 96,032 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2022 | ||||
Current Communities [Member] | Camden Shiloh [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 4,181 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 18,798 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 7,529 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 4,181 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 26,327 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 30,508 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 16,792 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 13,716 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2005 | ||||
Current Communities [Member] | Camden St Clair [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 7,526 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 27,486 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 12,085 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 7,526 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 39,571 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 47,097 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 23,898 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 23,199 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2005 | ||||
Current Communities [Member] | Camden Stockbridge [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 5,071 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 22,693 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 7,050 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 5,071 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 29,743 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 34,814 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 17,921 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 16,893 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2005 | ||||
Current Communities [Member] | Camden Vantage [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 11,787 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 68,822 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 22,955 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 11,787 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 91,777 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 103,564 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 34,106 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 69,458 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2013 | ||||
Current Communities [Member] | Camden Ballantyne [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 4,503 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 30,250 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 14,055 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 4,503 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 44,305 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 48,808 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 26,266 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 22,542 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2005 | ||||
Current Communities [Member] | Camden Cotton Mills [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 4,246 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 19,147 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 9,370 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 4,246 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 28,517 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 32,763 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 17,951 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 14,812 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2005 | ||||
Current Communities [Member] | CoWork by Camden [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 814 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 3,422 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 25 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 814 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 3,447 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 4,261 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 1,132 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 3,129 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2019 | ||||
Current Communities [Member] | Camden Dilworth [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 516 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 16,633 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 6,717 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 516 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 23,350 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 23,866 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 13,035 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 10,831 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2006 | ||||
Current Communities [Member] | Camden Fairview [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 1,283 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 7,223 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 8,944 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 1,283 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 16,167 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 17,450 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 9,005 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 8,445 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2005 | ||||
Current Communities [Member] | Camden Foxcroft [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 1,408 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 7,919 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 7,618 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 1,408 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 15,537 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 16,945 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 9,402 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 7,543 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2005 | ||||
Current Communities [Member] | Camden Foxcroft II [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 1,152 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 6,499 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 5,020 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 1,152 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 11,519 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 12,671 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 7,219 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 5,452 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2005 | ||||
Current Communities [Member] | Camden Gallery [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 7,930 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 51,957 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 1,672 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 7,930 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 53,629 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 61,559 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 17,076 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 44,483 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2017 | ||||
Current Communities [Member] | Camden Grandview [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 7,570 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 33,859 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 21,134 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 7,570 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 54,993 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 62,563 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 31,305 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 31,258 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2005 | ||||
Current Communities [Member] | Camden Grandview II [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 4,656 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 17,852 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 241 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 4,656 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 18,093 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 22,749 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 5,031 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 17,718 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2019 | ||||
Current Communities [Member] | Camden NoDa [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 10,926 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 96,714 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 2 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 10,926 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 96,716 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 107,642 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 4,699 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 102,943 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2023 | ||||
Current Communities [Member] | Camden Sedgebrook [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 5,266 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 29,211 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 18,235 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 5,266 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 47,446 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 52,712 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 25,744 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 26,968 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2005 | ||||
Current Communities [Member] | Camden South End [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 6,625 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 29,175 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 19,564 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 6,625 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 48,739 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 55,364 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 29,788 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 25,576 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2005 | ||||
Current Communities [Member] | Camden Southline | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 29,754 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 74,533 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 383 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 29,754 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 74,916 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 104,670 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 8,875 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | 95,795 | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | $ 32,414 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2022 | ||||
Current Communities [Member] | Camden Stonecrest [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 3,941 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 22,021 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 9,227 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 3,941 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 31,248 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 35,189 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 19,446 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 15,743 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2005 | ||||
Current Communities [Member] | Camden Touchstone [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 1,203 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 6,772 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 5,244 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 1,203 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 12,016 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 13,219 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 7,576 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 5,643 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2005 | ||||
Current Communities [Member] | Camden Asbury Village | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 17,510 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 79,585 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 1,108 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 17,510 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 80,693 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 98,203 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 10,400 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | 87,803 | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | $ 29,246 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2022 | ||||
Current Communities [Member] | Camden Carolinian [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 14,765 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 56,674 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 1,915 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 14,765 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 58,589 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 73,354 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 13,474 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 59,880 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2019 | ||||
Current Communities [Member] | Camden Crest [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 4,412 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 31,108 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 19,986 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 4,412 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 51,094 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 55,506 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 25,734 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 29,772 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2005 | ||||
Current Communities [Member] | Camden Governors Village [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 3,669 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 20,508 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 10,190 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 3,669 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 30,698 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 34,367 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 18,147 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 16,220 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2005 | ||||
Current Communities [Member] | Camden Lake Pine [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 5,746 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 31,714 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 18,125 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 5,746 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 49,839 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 55,585 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 31,181 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 24,404 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2005 | ||||
Current Communities [Member] | Camden Manor Park [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 2,535 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 47,159 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 14,305 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 2,535 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 61,464 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 63,999 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 34,986 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 29,013 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2006 | ||||
Current Communities [Member] | Camden Overlook [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 4,591 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 25,563 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 13,141 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 4,591 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 38,704 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 43,295 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 24,710 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 18,585 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2005 | ||||
Current Communities [Member] | Camden Reunion Park [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 2,931 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 18,457 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 14,177 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 2,931 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 32,634 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 35,565 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 20,808 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 14,757 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2005 | ||||
Current Communities [Member] | Camden Westwood [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 4,567 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 25,519 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 13,911 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 4,567 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 39,430 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 43,997 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 23,134 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 20,863 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2005 | ||||
Current Communities [Member] | Camden Franklin park | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 13,785 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 88,573 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 3,594 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 13,785 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 92,167 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 105,952 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 17,597 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 88,355 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2021 | ||||
Current Communities [Member] | Camden Music Row | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 21,802 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 152,340 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 2,164 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 21,802 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 154,504 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 176,306 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 27,264 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 149,042 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2021 | ||||
Current Communities [Member] | Camden Amber Oaks | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 9,987 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 68,719 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 1,000 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 9,987 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 69,719 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 79,706 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 10,291 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 69,415 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2022 | ||||
Current Communities [Member] | Camden Amber Oaks II | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 7,973 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 50,052 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 503 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 7,973 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 50,555 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 58,528 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 7,471 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 51,057 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2022 | ||||
Current Communities [Member] | Camden Brushy Creek | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 9,618 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 54,076 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 703 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 9,618 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 54,779 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 64,397 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 7,062 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | 57,335 | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | $ 12,107 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2022 | ||||
Current Communities [Member] | Camden Cedar Hills [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 2,684 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 20,931 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 5,982 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 2,684 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 26,913 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 29,597 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 14,164 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 15,433 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2008 | ||||
Current Communities [Member] | Camden Gaines Ranch [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 5,094 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 37,100 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 17,259 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 5,094 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 54,359 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 59,453 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 30,993 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 28,460 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2005 | ||||
Current Communities [Member] | Camden Huntingdon [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 2,289 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 17,393 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 20,775 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 2,289 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 38,168 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 40,457 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 26,679 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 13,778 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 1995 | ||||
Current Communities [Member] | Camden La Frontera [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 3,250 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 32,376 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 1,928 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 3,250 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 34,304 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 37,554 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 12,759 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 24,795 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2015 | ||||
Current Communities [Member] | Camden Lamar Heights [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 3,988 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 42,773 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 1,779 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 3,988 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 44,552 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 48,540 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 16,282 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 32,258 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2015 | ||||
Current Communities [Member] | Camden Rainey Street [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 30,044 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 85,477 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 3,257 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 30,044 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 88,734 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 118,778 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 24,238 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 94,540 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2019 | ||||
Current Communities [Member] | Camden Shadow Brook | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 18,039 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 101,572 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 1,664 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 18,039 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 103,236 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 121,275 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 13,286 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | 107,989 | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | $ 23,348 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2022 | ||||
Current Communities [Member] | Camden Stoneleigh [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 3,498 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 31,285 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 12,282 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 3,498 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 43,567 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 47,065 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 25,405 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 21,660 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2006 | ||||
Current Communities [Member] | Camden Addison [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 11,516 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 29,332 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 11,256 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 11,516 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 40,588 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 52,104 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 20,428 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 31,676 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2012 | ||||
Current Communities [Member] | Camden Belmont [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 12,521 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 61,522 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 9,056 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 12,521 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 70,578 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 83,099 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 28,516 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 54,583 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2012 | ||||
Current Communities [Member] | Camden Buckingham [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 2,704 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 21,251 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 14,806 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 2,704 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 36,057 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 38,761 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 27,526 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 11,235 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 1997 | ||||
Current Communities [Member] | Camden Centreport [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 1,613 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 12,644 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 9,055 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 1,613 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 21,699 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 23,312 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 16,608 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 6,704 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 1997 | ||||
Current Communities [Member] | Camden Cimarron [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 2,231 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 14,092 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 10,094 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 2,231 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 24,186 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 26,417 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 21,032 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 5,385 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 1997 | ||||
Current Communities [Member] | Camden Design District | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 30,004 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 90,678 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 1,001 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 30,004 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 91,679 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 121,683 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 10,946 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 110,737 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2022 | ||||
Current Communities [Member] | Camden Farmers Market [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 17,341 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 74,193 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 39,758 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 17,341 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 113,951 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 131,292 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 75,475 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 55,817 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2001/2005 | ||||
Current Communities [Member] | Camden Greenville | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 42,645 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 116,923 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 3,417 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 42,645 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 120,340 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 162,985 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 13,676 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 149,309 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2021 | ||||
Current Communities [Member] | Camden Henderson [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 3,842 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 15,256 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 1,455 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 3,842 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 16,711 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 20,553 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 6,915 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 13,638 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2012 | ||||
Current Communities [Member] | Camden Legacy Creek [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 2,052 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 12,896 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 9,338 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 2,052 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 22,234 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 24,286 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 17,945 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 6,341 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 1997 | ||||
Current Communities [Member] | Camden Legacy Park [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 2,560 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 15,449 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 16,120 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 2,560 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 31,569 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 34,129 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 21,823 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 12,306 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 1997 | ||||
Current Communities [Member] | Camden Panther Creek | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 8,850 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 62,860 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 758 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 8,850 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 63,618 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 72,468 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 8,185 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | 64,283 | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | $ 14,373 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2022 | ||||
Current Communities [Member] | Camden Riverwalk | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 24,961 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 133,698 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 1,821 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 24,961 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 135,519 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 160,480 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 17,487 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 142,993 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2022 | ||||
Current Communities [Member] | Camden Valley Park [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 3,096 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 14,667 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 20,236 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 3,096 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 34,903 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 37,999 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 31,275 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 6,724 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 1994 | ||||
Current Communities [Member] | Camden Victory Park [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 13,445 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 71,735 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 2,449 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 13,445 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 74,184 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 87,629 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 23,998 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 63,631 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2016 | ||||
Current Communities [Member] | Camden City Centre [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 4,976 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 44,735 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 15,995 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 4,976 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 60,730 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 65,706 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 31,853 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 33,853 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2007 | ||||
Current Communities [Member] | Camden City Centre II [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 5,101 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 28,131 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 1,485 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 5,101 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 29,616 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 34,717 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 11,675 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 23,042 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2013 | ||||
Current Communities [Member] | Camden Cypress Creek | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 8,282 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 69,368 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 818 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 8,282 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 70,186 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 78,468 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 9,047 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | 69,421 | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | $ 12,343 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2022 | ||||
Current Communities [Member] | Camden Cypress Creek II | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 5,940 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 50,102 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 121 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 5,940 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 50,223 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 56,163 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 6,469 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 49,694 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2022 | ||||
Current Communities [Member] | Camden Downs at Cinco Ranch | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 8,285 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 77,053 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 1,169 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 8,285 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 78,222 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 86,507 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 10,120 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 76,387 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2022 | ||||
Current Communities [Member] | Camden Downtown I [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 7,813 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 123,819 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 774 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 7,813 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 124,593 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 132,406 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 35,045 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 97,361 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2020 | ||||
Current Communities [Member] | Camden Grand Harbor | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 7,841 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 64,834 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 1,492 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 7,841 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 66,326 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 74,167 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 8,466 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | 65,701 | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | $ 11,701 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2022 | ||||
Current Communities [Member] | Camden Greenway [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 16,916 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 43,933 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 27,038 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 16,916 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 70,971 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 87,887 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 53,775 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 34,112 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 1999 | ||||
Current Communities [Member] | Camden Heights | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 34,079 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 88,824 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 1,291 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 34,079 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 90,115 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 124,194 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 10,779 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | 113,415 | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | $ 31,703 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2022 | ||||
Current Communities [Member] | Camden Highland Village [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 28,536 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 111,802 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 7,991 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 28,536 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 119,793 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 148,329 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 31,342 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 116,987 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2019 | ||||
Current Communities [Member] | Camden Holly Springs [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 11,108 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 42,852 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 16,691 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 11,108 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 59,543 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 70,651 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 28,752 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 41,899 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2012 | ||||
Current Communities [Member] | Camden McGowen Station [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 6,089 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 85,038 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 3,610 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 6,089 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 88,648 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 94,737 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 30,297 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 64,440 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2018 | ||||
Current Communities [Member] | Camden Midtown [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 4,583 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 18,026 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 14,026 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 4,583 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 32,052 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 36,635 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 24,971 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 11,664 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 1999 | ||||
Current Communities [Member] | Camden Northpointe | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 5,593 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 81,289 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 990 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 5,593 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 82,279 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 87,872 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 10,613 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | 77,259 | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | $ 15,639 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2022 | ||||
Current Communities [Member] | Camden Plaza [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 7,204 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 31,044 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 10,728 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 7,204 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 41,772 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 48,976 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 18,037 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 30,939 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2007 | ||||
Current Communities [Member] | Camden Post Oak [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 14,056 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 92,515 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 23,515 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 14,056 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 116,030 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 130,086 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 47,427 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 82,659 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2013 | ||||
Current Communities [Member] | Camden Royal Oaks [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 1,055 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 20,046 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 6,124 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 1,055 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 26,170 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 27,225 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 14,795 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 12,430 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2006 | ||||
Current Communities [Member] | Camden Royal Oaks II [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 587 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 12,743 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 39 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 587 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 12,782 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 13,369 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 5,127 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 8,242 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2012 | ||||
Current Communities [Member] | Camden Spring Creek | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 12,317 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 73,942 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 4,299 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 12,317 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 78,241 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 90,558 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 9,934 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 80,624 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2022 | ||||
Current Communities [Member] | Camden Stonebridge [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 1,016 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 7,137 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 8,529 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 1,016 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 15,666 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 16,682 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 13,074 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 3,608 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 1993 | ||||
Current Communities [Member] | Camden Sugar Grove [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 7,614 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 27,594 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 7,564 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 7,614 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 35,158 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 42,772 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 15,536 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 27,236 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2012 | ||||
Current Communities [Member] | Camden Travis Street [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 1,780 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 29,104 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 3,156 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 1,780 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 32,260 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 34,040 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 15,393 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 18,647 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2010 | ||||
Current Communities [Member] | Camden Vanderbilt [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 16,076 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 44,918 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 46,145 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 16,076 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 91,063 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 107,139 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 63,297 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 43,842 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 1994/1997 | ||||
Current Communities [Member] | Camden Whispering Oaks [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 1,188 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 26,242 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 3,868 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 1,188 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 30,110 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 31,298 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 15,383 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 15,915 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2008 | ||||
Current Communities [Member] | Camden Woodson Park | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 3,995 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 62,430 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 643 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 3,995 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 63,073 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 67,068 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 8,067 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | 59,001 | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | $ 11,821 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2022 | ||||
Current Communities [Member] | Camden Yorktown | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 6,673 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 68,568 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 827 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 6,673 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 69,395 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 76,068 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 8,933 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | 67,135 | ||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Amount of Encumbrances | $ 16,171 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | 2022 | ||||
Construction Communities [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 0 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 300,493 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 0 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 0 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 300,493 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 300,493 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 1,555 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | 298,938 | ||||
Construction Communities [Member] | Camden Durham | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | [1] | 126,829 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 126,829 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 126,829 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 957 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 125,872 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | N/A | ||||
Construction Communities [Member] | Camden Woodmill Creek | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | [1] | $ 64,506 | |||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 64,506 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 64,506 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 589 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 63,917 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | N/A | ||||
Construction Communities [Member] | Camden Village District | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | $ 68,443 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 68,443 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 68,443 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 68,443 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | N/A | ||||
Construction Communities [Member] | Camden Long Meadow Farms | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | $ 40,715 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 40,715 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 40,715 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 9 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 40,706 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | N/A | ||||
Development Pipeline Communities [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 0 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 272,904 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 0 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 0 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 272,904 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 272,904 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 0 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | 272,904 | ||||
Development Pipeline Communities [Member] | Camden South Charlotte | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 32,858 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 32,858 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 32,858 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 32,858 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | N/A | ||||
Development Pipeline Communities [Member] | Camden Blakeney | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | $ 25,964 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 25,964 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 25,964 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 25,964 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | N/A | ||||
Development Pipeline Communities [Member] | Camden Baker | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | $ 33,116 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 33,116 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 33,116 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 33,116 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | N/A | ||||
Development Pipeline Communities [Member] | Camden Nations | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | $ 39,031 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 39,031 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 39,031 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 39,031 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | N/A | ||||
Development Pipeline Communities [Member] | Camden Gulch | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | $ 49,156 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 49,156 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 49,156 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 49,156 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | N/A | ||||
Development Pipeline Communities [Member] | Camden Paces III [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | $ 22,485 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 22,485 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 22,485 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 22,485 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | N/A | ||||
Development Pipeline Communities [Member] | Camden Highland Village II | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | $ 10,451 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 10,451 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 10,451 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 10,451 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | N/A | ||||
Development Pipeline Communities [Member] | Camden Arts District [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | $ 45,479 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 45,479 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 45,479 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 45,479 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | N/A | ||||
Development Pipeline Communities [Member] | Camden Downtown II [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | $ 14,364 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 14,364 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 14,364 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 14,364 | ||||
Real Estate And Accumulated Depreciation Construction Completion Or Acquisition Date | N/A | ||||
Corporate [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | $ 0 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 11,277 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 0 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 0 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 11,277 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 11,277 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 0 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | 11,277 | ||||
Total Land Holdings and Corporate [Member] | |||||
Real Estate and Accumulated Depreciation, Initial Cost of Land | 0 | ||||
Real Estate and Accumulated Depreciation, Initial Cost of Buildings and Improvements | 11,277 | ||||
Real Estate and Accumulated Depreciation, Costs Capitalized Subsequent to Acquisition, Improvements | 0 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land | 0 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Buildings and Improvements | 11,277 | ||||
Real Estate and Accumulated Depreciation, Carrying Amount of Land and Buildings and Improvements | 11,277 | ||||
Real Estate and Accumulated Depreciation, Accumulated Depreciation | 0 | ||||
Real Estate And Accumulated Depreciation Total Cost Of Real Estate Assets Net Of Accumulated Depreciation | $ 11,277 | ||||
[1] Property is in lease-up at December 31, 2023. Balances presented here include costs which are included in buildings and improvements and land on the consolidated balance sheet at December 31, 2023. These costs related to completed unit turns for this property. |
Schedule III - Real Estate an_4
Schedule III - Real Estate and Accumulated Depreciation (Changes in Total Real Estate Assets and Accumulated Depreciation) (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Schedule III - Real Estate and Accumulated Depreciation [Abstract] | |||
Balance, beginning of period | $ 12,915,873 | $ 10,449,067 | $ 9,553,177 |
Acquisition of operating properties and unconsolidated joint ventures | 0 | 2,068,440 | 607,099 |
Development and repositions | 309,678 | 352,174 | 346,173 |
Improvements | 109,257 | 105,321 | 87,297 |
Cost of real estate sold – other | (142,681) | (59,129) | (144,679) |
Balance, end of period | 13,192,127 | 12,915,873 | 10,449,067 |
Balance, Beginning of period | 3,848,111 | 3,358,027 | 3,034,186 |
Depreciation of real estate assets | 562,397 | 515,413 | 387,432 |
Dispositions | (77,984) | (25,329) | (63,591) |
Balance, End of period | 4,332,524 | $ 3,848,111 | $ 3,358,027 |
Real Estate, Federal Income Tax Basis | $ 11,000,000 |
Schedule IV - Mortgage Loans _3
Schedule IV - Mortgage Loans on Real Estate (Details) - USD ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Schedule IV - Mortgage Loans on Real Estate [Line Items] | ||||
Federal Income Tax Basis | $ 2,087 | |||
Carrying amount of mortgages | $ 2,087 | $ 3,532 | $ 4,978 | $ 6,423 |
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate, Final Maturity Date | Oct. 01, 2025 | |||
Parking Garage, Developer Advances [Member] | ||||
Schedule IV - Mortgage Loans on Real Estate [Line Items] | ||||
Face Amount of Mortgage Loans | $ 18,790 | |||
Carrying amount of mortgages | $ 2,087 | |||
Minimum [Member] | Parking Garage, Developer Advances [Member] | ||||
Schedule IV - Mortgage Loans on Real Estate [Line Items] | ||||
Interest Rate on Mortgage Loans | 7% |
Schedule IV - Mortgage Loans _4
Schedule IV - Mortgage Loans on Real Estate (Changes in Mortgage Loans) (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Abstract] | |||
Balance, beginning of period | $ 3,532 | $ 4,978 | $ 6,423 |
Deductions | (1,445) | (1,446) | (1,445) |
Balance, end of period | $ 2,087 | $ 3,532 | $ 4,978 |