Question · Q4 2025
John Pawlowski followed up on development economics, asking for an estimate of current yields for the four properties in Camden Property Trust's pipeline, specifically how they are trending given recent market rent growth challenges.
Answer
President and CFO Alex Jessett clarified that the current pipeline consists of two deals (Baker in Denver and Gulch in Nashville) plus a couple of controlled sites. He stated that the controlled sites are penciling in the mid-5% range on an untrended basis, while Baker and Gulch are more challenging, with the company waiting for improved economics (e.g., further cost reductions or market clarity) before starting them, likely towards the end of the year.
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