Camden Property Trust Appoints Alex Jessett as CEO as Co-Founder Ric Campo Steps Back

Camden Property Trust appoints Alex Jessett as its second-ever CEO as co-founder Ric Campo moves to Executive Chairman. Learn about the REIT's Sun Belt strategy.

By: AXL Media

Published: Mar 31, 2026, 10:38 AM EDT

Source: Bisnow

A Multi-Decade Succession Plan Realized

Camden Property Trust has officially initiated a historic leadership transition, appointing Alex Jessett as Chief Executive Officer. Jessett, who joined the REIT in 1999 and most recently served as President and Chief Financial Officer, replaces Ric Campo, the man who has led the company since its 1993 initial public offering. While Jessett takes the helm, Campo will remain influential as the Executive Chairman of the Board of Trust Managers, ensuring continuity for one of the nation's largest multifamily owners.

Strengthening the Executive Bench

The leadership overhaul extends beyond the CEO position, signaling a broad elevation of Camden’s long-tenured talent. Laurie Baker, a veteran of the firm since 1999, has been promoted to President and Chief Operating Officer. Additionally, Ben Fraker moves into the role of Executive Vice President, Chief Financial Officer, and Treasurer. These moves are designed to fortify Camden's operational and financial strategy as the company manages a portfolio of over 58,000 units across 15 major U.S. markets.

Strategic Exit from the California Market

The leadership change comes at a pivotal moment for Camden’s geographic strategy. Earlier this year, the REIT announced plans to list 11 California properties for sale, a portfolio estimated to be worth $1.5 billion. Management cited a desire to reallocate capital into Sun Belt markets where they anticipate stronger growth and a more favorable regulatory environment. During recent earnings calls, leadership noted that 92% of their political efficacy spending over the last five years was concentrated in California—a burden they expect to eliminate following the divestment.