HOUSTON, Jan 19, 2012 (BUSINESS WIRE) –
Camden Property Trust


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+0.03%



today announced the closing of a public
offering of 6,612,500 common shares, which includes 862,500 shares
issued as a result of the underwriters’ exercise of their option to
purchase these shares in full at the closing. The company received
approximately $391.6 million in net proceeds from the offering after
deducting the underwriting discounts and commissions and estimated
expenses of the offering. Camden intends to use the net proceeds to fund
the acquisition of the 80% interest not currently owned by Camden in 12
related joint ventures and the repayment of the mortgage debt secured by
properties owned by these joint ventures, and for general corporate
purposes.

This press release does not constitute an offer to sell or the
solicitation of an offer to buy any Camden common shares, nor shall
there be any sale of these securities in any jurisdiction in which such
an offer, solicitation, or sale would be unlawful prior to registration
or qualification under the securities laws of any such jurisdiction. The
offering may be made only by means of a prospectus and a related
prospectus supplement, copies of which may be obtained when available
from Credit Suisse Securities (USA) LLC, Prospectus Department, One
Madison Avenue, New York, NY 10010, (800) 221-1037, newyork.prospectus@credit-suisse.com;
Deutsche Bank Securities Inc., Attention: Prospectus Department,
Harborside Financial Center, 100 Plaza One, Jersey City, NJ 07311-3988,
by calling (800) 503-4611, or by emailing prospectus.cpdg@db.com;
or UBS Investment Bank, Attention: Prospectus Department, 299 Park
Avenue, New York, NY 10171, (877) 827-7275.

Camden Property Trust, an SP 400 Company, is a real estate company
engaged in the ownership, development, acquisition, management and
disposition of multifamily apartment communities. Camden owns interests
in and operates 195 properties containing 66,640 apartment homes across
the United States. Upon completion of ten properties under development,
the Company’s portfolio will increase to 69,437 apartment homes in 205
properties.

In addition to historical information, this press release contains
forward-looking statements under the federal securities law. These
statements are based on current expectations, estimates and projections
about the industry and markets in which Camden operates, management’s
beliefs, and assumptions made by management. Forward-looking statements
are not guarantees of future performance and involve certain risks and
uncertainties which are difficult to predict.

For additional information, please contact Camden’s Investor Relations
Department at (800) 922-6336 or (713) 354-2787.

SOURCE: Camden Property Trust

        Camden Property Trust
        Kim Callahan, 713-354-2549

Copyright Business Wire 2012

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