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| Camden Property Trust Announces Dividend on Preferred Shares |
HOUSTON, April 21 /PRNewswire/ -- Camden Property Trust (NYSE: CPT) announced that its Board of Trust Managers has declared a dividend of the newly listed Series A Cumulative Preferred Shares (NYSE: CPTPrA). The dividend, in the amount of $0.5625 per share, is payable on May 15, 1998 to all shareholders of record as of April 30, 1998. 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 form Florida to California. Upon completion of ten properties under development, the Company's portfolio will increase to 54,314 apartment homes in 162 properties. On May 8, 1998, Camden merged with Oasis Residential, Inc., making Camden Property Trust 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.SOURCE Camden Property Trust
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CONTACT:
Richard J. Campo or D. Keith Oden, both of
Camden Property Trust, 713-964-3555, or 1-800-9Camden
