HOUSTON, April 8 /PRNewswire/ -- Camden Property Trust (NYSE: CPT) and
Oasis Residential, Inc. (NYSE: OAS) jointly announced that their shareholders
have approved the merger of the two companies at separate shareholder meetings
held earlier today.  Approval of the merger required that a majority of
Camden's shares voted at the meeting and a majority of Oasis' shares
outstanding be voted in favor of the combination.
    Ric Campo, Camden's CEO said, "The overwhelming affirmative vote of both
companies' shareholders demonstrates the support that this strategic merger
has among those most familiar with our companies."
    The merger is scheduled to be effective following the close of business on
April 8, 1998, at which time Oasis shareholders will receive 0.759 shares of
Camden common stock for each share of Oasis common stock.  Each share of Oasis
Preferred stock will be converted into one Preferred Share of Beneficial
Interest of Camden Property Trust.
    Camden Property Trust is a fully integrated real estate investment trust
(REIT) engaged in the ownership, development, acquisition, marketing,
management, and disposition of multifamily apartment communities.  Camden
Property Trust owns interests in and operates 152 properties containing 50,183
apartment homes in the Sunbelt and Midwestern markets from Florida to
California.  Upon completion of ten properties under development, the
Company's portfolio will increase to 54,314 apartment homes in 162 properties,
making Camden the third largest multifamily REIT in the United States.
    For more information, please contact Richard J. Campo or D. Keith Oden at
1-800-9Camden or 713-964-3555, or visit our web site at
http://www.camdenprop.com.


Web site:  http://www.camdenprop.com