In 1981, Richard J. Campo and D. Keith Oden bought the failing
Houston condominium business of their employer and reorganized it into a REIT. In 1998, the company acquired Oasis Residential for $542 million in stock and the assumption of $430 million in debt. In 2005, the company acquired Summit Properties in a $1.1 billion transaction. In 2011, the company acquired 8 properties in
Texas for $261 million. In 2012, the company purchased the 80% interest held by a
joint venture partner in 12 communities for $99.5 million. In 2016, the company sold its portfolio of properties in
Nevada, which included 15 communities with 4,918 apartment units, for $630 million. In 2022, the company acquired the remaining ownership interests in its
joint venture with
Teacher Retirement System of Texas. ==References==