XML 46 R37.htm IDEA: XBRL DOCUMENT v3.23.1

Notes Payable (Summary Of Indebtedness) (Details) - USD ($)
$ in Thousands

3 Months Ended

Mar. 31, 2023

Dec. 31, 2022

Unsecured notes payable

$ 3,232,682

$ 3,165,924

Secured notes payable

515,134

514,989

Total notes payable (2)

^[1]

3,747,800

3,680,900

Commercial Banks [Member]

Unsecured notes payable

$ 447,900

381,800

Commercial Banks [Member] | 5.84% Term Loan, due 2024

Debt Instrument, Maturity Date

Sep. 30, 2024

Notes payable, effective interest rate

5.84%

Unsecured notes payable

$ 39,900

39,800

Commercial Banks [Member] | 5.70% Term Loan, due 2024

Debt Instrument, Maturity Date

Aug. 30, 2024

Notes payable, effective interest rate

5.70%

Unsecured notes payable

$ 300,000

300,000

Commercial Banks [Member] | 5.63% Unsecured revolving credit facility

Notes payable, effective interest rate

5.63%

Unsecured notes payable

$ 108,000

42,000

Senior Unsecured Notes [Member]

Unsecured notes payable

$ 2,784,800

2,784,100

Senior Unsecured Notes [Member] | 5.07% Notes Due 2023 [Member]

Debt Instrument, Maturity Date

Jun. 15, 2023

Notes payable, effective interest rate

5.07%

Unsecured notes payable

$ 249,900

249,800

Senior Unsecured Notes [Member] | 4.36% Notes Due 2024 [Member]

Debt Instrument, Maturity Date

Jan. 15, 2024

Notes payable, effective interest rate

4.36%

Unsecured notes payable

$ 249,800

249,700

Senior Unsecured Notes [Member] | 3.68% Notes Due 2024 [Member]

Debt Instrument, Maturity Date

Sep. 15, 2024

Notes payable, effective interest rate

3.68%

Unsecured notes payable

$ 249,400

249,200

Senior Unsecured Notes [Member] | 3.74% Notes Due 2028 [Member]

Debt Instrument, Maturity Date

Oct. 15, 2028

Notes payable, effective interest rate

3.74%

Unsecured notes payable

$ 398,400

398,300

Senior Unsecured Notes [Member] | 3.67% Notes Due 2029 [Member]

Debt Instrument, Maturity Date

Jul. 01, 2029

Notes payable, effective interest rate

3.67%

Unsecured notes payable

^[2]

$ 595,600

595,500

Senior Unsecured Notes [Member] | 2.91% Notes, due 2030

Debt Instrument, Maturity Date

May 15, 2030

Notes payable, effective interest rate

2.91%

Unsecured notes payable

$ 744,900

744,800

Senior Unsecured Notes [Member] | 3.41% Notes Due 2049 [Member]

Debt Instrument, Maturity Date

Nov. 01, 2049

Notes payable, effective interest rate

3.41%

Unsecured notes payable

$ 296,800

296,800

Secured Debt | 3.78% - 4.04% Conventional Mortgage Notes, due 2026 - 2028

Secured notes payable

$ 291,200

291,200

Secured Debt | 6.69% Variable Rate Notes, due 2026

Notes payable, effective interest rate

6.69%

Secured notes payable

$ 166,300

166,200

Secured Debt | 6.99% Variable Rate Construction Note, due 2024

Debt Instrument, Maturity Date

Jun. 20, 2024

Notes payable, effective interest rate

6.99%

Secured notes payable

$ 18,900

18,900

Secured Debt | 3.87% note, due 2028

Debt Instrument, Maturity Date

Jan. 01, 2028

Notes payable, effective interest rate

3.87%

Secured notes payable

$ 38,700

$ 38,700

Minimum [Member] | Secured Debt | 3.78% - 4.04% Conventional Mortgage Notes, due 2026 - 2028

Debt Instrument, Maturity Date

Oct. 01, 2026

Notes payable, effective interest rate

3.78%

Minimum [Member] | Secured Debt | 6.69% Variable Rate Notes, due 2026

Debt Instrument, Maturity Date

Apr. 01, 2026

Maximum [Member] | Secured Debt | 3.78% - 4.04% Conventional Mortgage Notes, due 2026 - 2028

Debt Instrument, Maturity Date

Apr. 01, 2028

Notes payable, effective interest rate

4.04%

Maximum [Member] | Secured Debt | 6.69% Variable Rate Notes, due 2026

Debt Instrument, Maturity Date

Oct. 01, 2026

[1]	Unamortized debt discounts, debt issuance costs, and fair market value adjustments of $17.1 million and $18.0 million are included in notes payable as of March 31, 2023 and December 31, 2022, 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

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
-Topic 835
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482900/835-30-50-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482925/835-30-45-2

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22(a)(1))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-6

+ 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/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22(a)(2))
-SubTopic 10
-Topic 210
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1

+ 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
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(22))
-SubTopic 10
-Topic 210
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 944
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(16)(a)(2))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479440/944-210-S99-1

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(16))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479853/942-210-S99-1

+ 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
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(22))
-SubTopic 10
-Topic 210
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 944
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(16)(a)(2))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479440/944-210-S99-1

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(16))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479853/942-210-S99-1

+ 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
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(22))
-SubTopic 10
-Topic 210
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 944
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(16)(a)(2))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479440/944-210-S99-1

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(16))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479853/942-210-S99-1

+ 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_CommercialBanksMember
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_LongtermDebtTypeAxis=cpt_A300mTermLoanDue2024Member
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_LongtermDebtTypeAxis=us-gaap_LineOfCreditMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_DebtInstrumentAxis=cpt_SeniorUnsecuredNotesMember
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_Unsecurednotes2.91due2039Member
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_DebtInstrumentAxis=us-gaap_SecuredDebtMember
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_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:	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: