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| Camden Property Trust Announces 1999 Fourth Quarter Dividends on Common And Preferred Shares |
HOUSTON, Dec. 6 /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 fourth quarter of 1999. The dividend is payable on January 17, 2000 to all common shareholders of record as of December 20, 1999. The Board also declared a fourth quarter dividend of $0.5625 per share for its Series A Cumulative Convertible Preferred Shares of Beneficial Interest. The preferred dividend is payable on February 15, 2000 to all holders of record of Series A preferred shares as of December 20, 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 151 properties containing 52,215 apartment homes in the Sunbelt and Midwestern markets from Florida to California. Upon completion of eight properties under development, the Company's portfolio will increase to 55,785 apartment homes in 159 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, 1-800-9Camden, or 713-354-2500
