Camden Property Trust (CPT) drops 2.6% AH after announcing it will acquire the 80% interest it...

|About: Camden Property Trust (CPT)|By:, SA News Editor

Camden Property Trust (CPT) drops 2.6% AH after announcing it will acquire the 80% interest it currently doesn't own in 12 JVs involving apartment communities in the southwestern U.S for $372.1M ($99.5M in cash and the assumption/repayment of $272.6M in debt). Camden will finance the purchases by issuing 5.75M shares.