04/10/2020
FEEL GOOD FRIDAY: A major U.S. apartment landlord with complexes across the Valley offered $5 million in assistance Monday to residents struggling financially during the coronavirus crisis.
It was snapped up in 16 minutes.
The $2,000-per-person donations went to more than 2,500 tenants around the country who applied for help, said Ric Campo, Camden Property Trust chief executive.
The company operates 159 apartment buildings, including a dozen in Arizona such as Camden Copper Square in downtown Phoenix, Camden Chandler and Camden Old Town Scottsdale.
The multifamily housing firm already had promised to keep all employees on staff and stop evictions, defer rent and eliminate late fees for renters who couldn't pay their bills due to the pandemic, Campo said.
The relief fund was one more way to ensure residents were able to stay in their homes, he said.
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Camden Property Trust operates 159 apartment buildings, including a dozen in Arizona such as Camden Copper Square in downtown Phoenix, Camden Chandler and Camden Old Town Scottsdale.