Jessett Succeeds Campo as Camden CEO, Market briefs

In Houston, Camden Property Trust, one of the nation’s largest publicly traded multifamily companies, reported the promotion of Alexander Jessett to CEO. He succeeds Ric Campo, who co-founded Camden’s predecessor with Keith Oden more than 40 years ago.

The promotion aligns with a long-term succession plan that brings several changes to the top leadership team.

Jessett, who joined Camden in 1999, most recently served as President and Chief Financial Officer. He has joined Camden’s Board of Trust Managers.

Laurie Baker, who also joined the Houston-based company in 1999, has been promoted to President and Chief Operating Officer. She most recently served as Executive Vice President and Chief Operating Officer.

Benjamin Fraker, who joined Camden in 2000, has been promoted to Executive Vice President, Chief Financial Officer and Treasurer. He was previously Senior Vice President, Finance and Treasurer.

Campo, a civic leader who has served as chairman of the Port Commission of the Port of Houston Authority since 2019, will serve as Camden’s Executive Chairman of the Board of Trust Managers. Oden will continue in his role as Executive Vice Chairman of the Board of Trust Managers.

Camden owns and operates 171 multifamily properties containing 58,254 apartment residences across the United States. An additional three properties are under development.

Campo and Oden created the predecessor companies to Camden in 1982. The company name reflects a combination of the co-founders’ last names. Camden went public in 1993, and now has more than $9 billion in assets and 1,600 employees. Shares trade on the New York Stock Exchange.

The company has been recognized as one of the 100 Best Companies to Work Fortune magazine for 18 consecutive years.

Last year, after decades of operating its headquarters offices in Greenway Plaza, Camden relocated to Williams Tower near the Galleria.

“The pandemic shifted how Camden teams work, inspiring a corporate office move in 2025 designed around connection, authenticity, and how employees want to feel when they walk through the doors each day,” Jessett said on Camden’s website. “Using materials found in Camden communities, concrete, brick, and steel, the space reflects strength, stability, and belonging. It was built to bring people together, just like our communities. The office is intentional, rooted in who we are, and designed to help teams connect, collaborate, and soar.”