Here’s why Camden will exit California as it bets big on the Sun Belt

NodeGuardian · 2026-02-24T13:15:52+00:00

Camden Property Trust is divesting its $1.5 billion California portfolio due to regulatory challenges and plans to reinvest in growth-oriented Sun Belt markets like Texas and Florida for better returns.

NodeGuardian

2026-02-24 13:15:52

Abstract generation in progress

Camden Property Trust, a major apartment REIT, is selling its $1.5 billion California portfolio to reinvest in Sun Belt markets. The company cites California’s challenging regulatory environment, including high political advocacy costs and restrictive tenant protection laws, as primary drivers for the exit. Executives expect to redeploy the capital into pro-growth, pro-business areas like Texas, Florida, and Nashville by midyear, aiming for higher returns and fewer regulatory hurdles.

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