Camden posts apartment revenue decline in Houston amid oil slump
As Houston is experiencing an oil industry downturn, other industries are also experiencing revenue declines. For the Camden Property Trust, they have reported that their second quarter revenue is around $221.5 million which is higher than last year’s revenue of over $206 million. The property’s newest project is in Houston and the location is said to be a future top spot in the city. It was reported in an Australian newspaper that the location is good because the city did not have zoning and development is very easy to work with. It is uncertain as to where the project is currently located; however, it is likely found in the previous site of MHMRA close to the Midtown Superblock.
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