Camden Property Trust Announces 8.4% Dividend Increase and Sets Date For Annual Shareholder Meeting

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Camden Property Trust Announces 8.4% Dividend Increase and Sets Date For Annual Shareholder Meeting

    HOUSTON, March 15 /PRNewswire/ -- The Board of Trust Managers of Camden
Property Trust (NYSE: CPT) today declared a $0.61 per share dividend
distribution to holders of record as of March 30, 2001 of its Common Shares of
Beneficial Interest.  The dividend to be paid on April 17, 2001 equates to an
annual dividend rate of $2.44 per share, and represents an 8.4% increase over
2000's dividend rate.  Based on Camden's most recent closing price of
$32.15 per share on March 15, 2001, the new dividend represents an annual
yield of 7.6%.
    The Board also declared a first quarter dividend of $0.5625 per share for
its Series A Cumulative Convertible Preferred Shares.  The preferred dividend
is payable on May 15, 2001 to all Series A preferred shareholders of record as
of March 30, 2001.
    In addition, Camden announced that its Annual Meeting of Shareholders will
be held on May 15, 2000 at The Westin Galleria Hotel, 5060 West Alabama,
Houston, Texas at 10:00 a.m., Central Time.  The Company intends to begin
mailing its Proxy Statement, Annual Report to Shareholders, voting materials
and other meeting information on or about March 30, 2001 to shareholders of
record as of March 22, 2001.
    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 143 properties containing
50,780 apartment homes in the Sunbelt and Midwestern markets from Florida to
California.  Upon completion of three properties under development, the
Company's portfolio will increase to 52,318 apartment homes in 146 properties.
    For more information, please contact Camden's Investor Relations
Department at 1-800-9Camden, or 713/354-2787, or access our web site at
http://www.camdenprop.com.

SOURCE Camden Property Trust

http://www.camdenprop.com
CONTACT:
Investor Relations Department of Camden
Property Trust, 800-9Camden, or 713-354-2787