Monday, November 24, 2014

Camden’s Campo: No Evidence of Overbuilding in Multifamily Sector via REIT.com

Ric Campo, chairman and CEO of Camden Property Trust (NYSE: CPT), joined REIT.com for a CEO Spotlight video interview at REITWorld 2014: NAREIT’s Annual Convention for All Things REIT at the Atlanta Marriott Marquis.

Camden is a Houston-based REIT that owns and operates apartment communities across the United States.

Campo provided an overview of supply fundamentals in the multifamily sector.

“We are definitely not seeing overbuilding at this point,” he said. While construction is at peak levels compared with the recent past, the new supply is acting to replenish the dearth of new accomodation that occurred during the financial crisis, Campo explained.

Read more...Camden’s Campo: No Evidence of Overbuilding in Multifamily Sector | REIT.com

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