XML 62 R49.htm IDEA: XBRL DOCUMENT
v3.22.4

Notes Payable (Summary Of Indebtedness) (Details) - USD ($) $ in Thousands | 12 Months Ended |
--- | --- | ---
Dec. 31, 2022 | Dec. 31, 2021
Total notes payable | [1] | $ 3,680,900 | $ 3,170,400
Value Of Real Estate Assets At Cost Subject To Secured Notes |  | 2,080,900 | 0
Unsecured Debt |  | 3,165,924 | 3,170,367
Secured Debt |  | 514,989 | 0
Senior Unsecured Notes [Member] |  |  |
Unsecured Debt |  | $ 2,784,100 | $ 3,130,500
5.31% Term loan Due 2024 | Commercial Banks [Member] |  |  |
Notes payable, effective interest rate |  | 5.31% | 1.85%
Debt Instrument, Maturity Date |  | Sep. 30, 2024 |
Unsecured Debt |  | $ 39,800 | $ 39,900
5.20% Term loan, due 2024 | Commercial Banks [Member] |  |  |
Notes payable, effective interest rate |  | 5.20% |
Debt Instrument, Maturity Date |  | Aug. 29, 2025 |
Unsecured Debt |  | $ 300,000 | $ 0
3.15% Notes Due 2022 | Senior Unsecured Notes [Member] |  |  |
Notes payable, effective interest rate |  | 3.15% | 3.15%
Debt Instrument, Maturity Date |  | Dec. 15, 2022 |
Unsecured Debt |  | $ 0 | $ 349,300
5.07% Notes Due 2023 | Senior Unsecured Notes [Member] |  |  |
Notes payable, effective interest rate |  | 5.07% | 5.07%
Debt Instrument, Maturity Date |  | Jun. 15, 2023 |
Unsecured Debt |  | $ 249,800 | $ 249,300
4.36% Notes Due 2024 | Senior Unsecured Notes [Member] |  |  |
Notes payable, effective interest rate |  | 4.36% | 4.36%
Debt Instrument, Maturity Date |  | Jan. 15, 2024 |
Unsecured Debt |  | $ 249,700 | $ 249,500
3.68% Notes Due 2024 | Senior Unsecured Notes [Member] |  |  |
Notes payable, effective interest rate |  | 3.68% | 3.68%
Debt Instrument, Maturity Date |  | Sep. 15, 2024 |
Unsecured Debt |  | $ 249,200 | $ 248,800
3.74% Notes Due 2028 | Senior Unsecured Notes [Member] |  |  |
Notes payable, effective interest rate |  | 3.74% | 3.74%
Debt Instrument, Maturity Date |  | Oct. 15, 2028 |
Unsecured Debt |  | $ 398,300 | $ 397,800
3.67% Notes due 2029 | Senior Unsecured Notes [Member] |  |  |
Notes payable, effective interest rate |  | 3.67% | 3.67%
Debt Instrument, Maturity Date |  | Jul. 01, 2029 |
Unsecured Debt | [2] | $ 595,500 | $ 594,900
2.91% Notes due 2030 | Senior Unsecured Notes [Member] |  |  |
Notes payable, effective interest rate |  | 2.91% | 2.91%
Debt Instrument, Maturity Date |  | May 15, 2030 |
Unsecured Debt |  | $ 744,800 | $ 744,100
3.41% Notes due 2049 | Senior Unsecured Notes [Member] |  |  |
Notes payable, effective interest rate |  | 3.41% | 3.41%
Debt Instrument, Maturity Date |  | Nov. 01, 2049 |
Unsecured Debt |  | $ 296,800 | $ 296,800
3.78% - 4.04% Conventional Mortgage Notes, due 2026 - 2028 | Secured Debt [Member] |  |  |
Secured Debt |  | $ 291,200 | 0
3.78% - 4.04% Conventional Mortgage Notes, due 2026 - 2028 | Secured Debt [Member] | Minimum [Member] |  |  |
Notes payable, effective interest rate |  | 3.78% |
Debt Instrument, Maturity Date |  | Oct. 01, 2026 |
3.78% - 4.04% Conventional Mortgage Notes, due 2026 - 2028 | Secured Debt [Member] | Maximum [Member] |  |  |
Notes payable, effective interest rate |  | 4.04% |
Debt Instrument, Maturity Date |  | Apr. 01, 2028 |
6.16% Variable Rate Notes, due 2026 | Secured Debt [Member] |  |  |
Notes payable, effective interest rate |  | 6.16% |
Secured Debt |  | $ 166,200 | 0
6.16% Variable Rate Notes, due 2026 | Secured Debt [Member] | Minimum [Member] |  |  |
Debt Instrument, Maturity Date |  | Apr. 01, 2026 |
6.16% Variable Rate Notes, due 2026 | Secured Debt [Member] | Maximum [Member] |  |  |
Debt Instrument, Maturity Date |  | Oct. 01, 2026 |
6.49% Variable Rate Construction Note, due 2024 | Secured Debt [Member] |  |  |
Notes payable, effective interest rate |  | 6.49% |
Debt Instrument, Maturity Date |  | Jun. 20, 2024 |
Secured Debt |  | $ 18,900 | 0
3.87% note, due 2028 | Secured Debt [Member] |  |  |
Notes payable, effective interest rate |  | 3.87% |
Debt Instrument, Maturity Date |  | Jan. 01, 2028 |
Secured Debt |  | $ 38,700 | 0
Unsecured Credit Facility [Member] | Commercial Banks [Member] |  |  |
Unsecured Debt |  | $ 42,000 | $ 0
[1] | Unamortized debt discounts, debt issuance costs, and fair market value adjustments of $18.0 million and $19.6 million are included in senior unsecured notes payable as of December 31, 2022 and 2021, respectively.
[2] | The 2029 Notes have an effective annual interest rate of approximately 3.84% through June 2026, which includes the effect of a settled forward interest rate swap, and approximately 3.28% thereafter, for an all-in average effective rate of approximately 3.67%.

X
- Definition Value of real estate assets, at cost, as of the balance sheet date that are subject to secured notes payable. + References No definition available. + Details
Name: | cpt_ValueOfRealEstateAssetsAtCostSubjectToSecuredNotes
Namespace Prefix: | cpt_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Effective interest rate for the funds borrowed under the debt agreement considering interest compounding and original issue discount or premium. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 6 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=123466204&loc=SL6036836-161870 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=124435984&loc=d3e28551-108399 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=124429444&loc=SL124452920-239629 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22(a)(1)) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_DebtInstrumentInterestRateEffectivePercentage
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Date when the debt instrument is scheduled to be fully repaid, in YYYY-MM-DD format. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22(a)(2)) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1B -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb)(2) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
Name: | us-gaap_DebtInstrumentMaturityDate
Namespace Prefix: | us-gaap_
Data Type: | xbrli:dateItemType
Balance Type: | na
Period Type: | duration

X
- Definition Including the current and noncurrent portions, aggregate carrying amount of all types of notes payable, as of the balance sheet date, with initial maturities beyond one year or beyond the normal operating cycle, if longer. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(16)) -URI https://asc.fasb.org/extlink&oid=126734703&loc=d3e572229-122910 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -URI https://asc.fasb.org/extlink&oid=126897435&loc=d3e534808-122878 + Details
Name: | us-gaap_NotesPayable
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Carrying value as of the balance sheet date, including the current and noncurrent portions, of collateralized debt obligations (with maturities initially due after one year or beyond the operating cycle, if longer). Such obligations include mortgage loans, chattel loans, and any other borrowings secured by assets of the borrower. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(16)) -URI https://asc.fasb.org/extlink&oid=126734703&loc=d3e572229-122910 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -URI https://asc.fasb.org/extlink&oid=126897435&loc=d3e534808-122878 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_SecuredDebt
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Including the current and noncurrent portions, carrying value as of the balance sheet date of uncollateralized debt obligations (with maturities initially due after one year or beyond the operating cycle if longer). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -URI https://asc.fasb.org/extlink&oid=126897435&loc=d3e534808-122878 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(16)) -URI https://asc.fasb.org/extlink&oid=126734703&loc=d3e572229-122910 + Details
Name: | us-gaap_UnsecuredDebt
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Details
Name: | us-gaap_DebtInstrumentAxis=cpt_SeniorUnsecuredNotesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=cpt_Termloandue2022Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=cpt_CommercialBanksMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=cpt_A300mTermLoanDue2024Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=cpt_ThreePointOnefivePercentageNotesDue2022Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=cpt_FivePointZeroSevenPercentageNotesDue2023Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=cpt_FourPointThreeSixPercentageNotesDue2024Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=cpt_ThreePointSixEightPercentageNotesDue2024Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=cpt_Unsecurednotes3.74due2028Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=cpt_Unsecurednotes3.67due2029Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=cpt_UnsecuredNotes291Due2030Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=cpt_Unsecurednotes3.41due2049Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=cpt_A378404ConventionalMortgageNotesDue20262028Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=us-gaap_SecuredDebtMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_RangeAxis=srt_MinimumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_RangeAxis=srt_MaximumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=cpt_A314VariableRateNotesDue2026Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=cpt_A344VariableRateConstructionNoteDue2026Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=cpt_A387NoteDue2028Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_ShortTermDebtTypeAxis=us-gaap_LineOfCreditMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |