5. Camden Property Trust, Summit Properties Close $1.9 Billion Merger (2005)
Camden Property Trust and Summit Properties closed its merger in February 2005 in a $1.9 billion transaction. The two public companies combined to have a $5.8 billion total market capitalization, and a $2.9 billion equity market capitalization. The merger created a portfolio of nearly 69,000 units in 199 properties across the nation, making Camden the nation’s fifth-largest publicly traded multifamily REIT at the time.
