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| Camden Property Trust Announces 1999 Third Quarter Dividends on Common and Preferred Shares |
HOUSTON, Sept. 15 /PRNewswire/ -- The Board of Trust Managers of Camden Property Trust (NYSE: CPT) today declared a $0.52 per share dividend on its Common Shares of Beneficial Interest for the third quarter of 1999. The dividend is payable on October 15, 1999 to all common shareholders of record as of September 30, 1999. The Board also declared a second quarter dividend of $0.5625 per share for its Series A Cumulative Convertible Preferred Shares of Beneficial Interest. The preferred dividend is payable on November 15, 1999 to all Series A preferred shareholders of record as of September 30, 1999. 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 149 properties containing 51,490 apartment homes in the Sunbelt and Midwestern markets from Florida to California. Upon completion of 11 properties under development, the Company's portfolio will increase to 56,210 apartment homes in 160 properties. For more information, please contact Richard J. Campo or D. Keith Oden at 1-800-9Camden, or 713-354-2500, or access Camden's web site at http://www.camdenprop.com.SOURCE Camden Property Trust
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CONTACT:
Richard J. Campo or D. Keith Oden, both of
Camden Property Trust, 800-9Camden, or 713-354-2500
