Camden Property Trust Announces Estimated Tax Characteristics of Its 1999 Reportable Distributions

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Camden Property Trust Announces Estimated Tax Characteristics of Its 1999 Reportable Distributions

    HOUSTON, Jan. 11 /PRNewswire/ -- Camden Property Trust (NYSE: CPT)
announced today that all of its 1999 distributions paid to shareholders will
be reported as ordinary income.  No return of capital and no capital gains
will be included in the 1999 distributions.  The table below shows the amounts
and dates of the quarterly distributions to be reported on the 1999 Form 1099
to shareholders.

             Camden Property Trust             Camden Property Trust
                 Common Shares                    Preferred Shares


        Record      Payment      Cash        Record      Payment     Cash
        Date         Date     Distribution    Date        Date    Distribution
                                Per Share                          Per Share
     3/31/99       4/16/99       $0.5200    12/22/98     2/15/99     $0.5625
     6/30/99       7/16/99       $0.5200     3/31/99     5/15/99     $0.5625
     9/30/99      10/15/99       $0.5200     6/30/99     8/15/99     $0.5625
    12/20/99       1/17/00       $0.5200     9/30/99    11/15/99     $0.5625

    Distributions which are declared and recorded during a calendar year and
paid within 30 days of the end of the year are included in that year's
distributions.  Accordingly, Camden's 1999 distributions include the January
2000 payment to holders of common shares and the February 1999 payment to
holders of preferred shares, but exclude the January 1999 payment to holders
of common shares and the February 2000 payment to holders of preferred shares.
    Camden Property Trust is a real estate company engaged in the ownership,
development, acquisition, management and disposition of multifamily apartment
communities.  Camden owns interests in and operates 153 properties containing
53,311 apartment homes in the Sunbelt and Midwestern markets from Florida to
California.  Upon completion of six properties under development, the
Company's portfolio will increase to 55,785 apartment homes in 159 properties.
    For more information, please contact Steve Dawson at 1-800-9Camden, or
locally at (713) 354-2500, or visit Camden's web site at
http://www.camdenprop.com.

SOURCE Camden Property Trust

http://www.camdenprop.com
CONTACT:
Steve Dawson of Camden Property Trust,
800-9Camden, or 713-354-2500