M&A Deal Summary

Camden Acquires Summit Properties

On February 28, 2005, Camden acquired real estate company Summit Properties for 1.9B USD

Acquisition Highlights
  • This is Camden’s 3rd transaction in the Real Estate sector.
  • This is Camden’s largest (disclosed) transaction.
  • This is Camden’s 3rd transaction in the United States.
  • This is Camden’s 1st transaction in North Carolina.

M&A Deal Summary
Date 2005-02-28
Target Summit Properties
Sector Real Estate
Buyer(s) Camden
Deal Type Add-on Acquisition
Deal Value 1.9B USD

Target

Summit Properties

Charlotte, North Carolina, United States
Summit Properties, Inc. is a real estate company. Summit buy or sell any type of property.

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Buyer(S) 1

Buyer

Camden

Houston, Texas, United States
Category Company
Sector Real Estate
Employees1,640
Revenue 1.5B USD (2023)
DESCRIPTION

Camden is structured as a Real Estate Investment Trust (REIT) and is engaged in the ownership, development, acquisition, management, and disposition of multifamily apartment communities. Camden is based in Houston, Texas.

DEAL STATS #
Overall 3 of 3
Sector (Real Estate) 3 of 3
Type (Add-on Acquisition) 3 of 3
State (North Carolina) 1 of 1
Country (United States) 3 of 3
Year (2005) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-01-01 Oasis Residential

Henderson, Nevada, United States

Oasis Residential, Inc. is a provider of real estate services.

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