Camden Property Trust (NYSE:CPT) develops, manages and rents multi-family apartment units. With over 67,000 apartment units in 13 states, the company focuses on offering mid- to upper-market residential properties. Camden operates over 40% of its units in four cities—Las Vegas (11.5%), Dallas, TX (11.4%), Houston, TX (8.4%), and Tampa, FL (8.3%)—and leverages its scale in local markets to achieve high margins. The company is also moving much more heavily into the Washington, DC metro area, with thousands of apartment units in the pipeline.
Camden's success is intricately tied to interest rate tides, which have several important effects:(Read more at Wikinvest )