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| Camden Property Trust Declares 1998 Fourth Quarter Dividends on Common and Preferred Shares |
HOUSTON, Dec. 8 /PRNewswire/ -- Camden Property Trust (NYSE: CPT) announced that its Board of Trust Managers has declared a dividend in the amount of $0.505 per common share for the fourth quarter of 1998. The dividend is payable on January 15, 1999 to all common shareholders of record as of December 22, 1998. Additionally, the Board declared a dividend of $0.5625 per share of Camden Series A Cumulative Convertible Preferred Shares. The preferred dividend is payable on February 15, 1999 to all Series A preferred shareholders of record as of December 22, 1998. Camden Property Trust is a 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 151 properties containing 51,070 apartment homes in the Sunbelt and Midwestern markets from Florida to California. Upon completion of 14 properties under development, the Company's portfolio will increase to 56,750 apartment homes in 165 properties. For more information, please contact Richard J. Campo or D. Keith Oden at 800-9Camden, or 713-354-2500, or visit the Company'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
