HOUSTON, Jan 12, 2012 (BUSINESS WIRE) –
Camden Property Trust


/quotes/zigman/130204/quotes/nls/cpt CPT
-2.58%



today announced that it has priced a
public offering of 5,750,000 common shares at a price to the public of
$59.60 per share. The offering is expected to close on January 18, 2012.
Credit Suisse, Deutsche Bank Securities and UBS Investment Bank, the
joint book-running managers for the offering, have been granted a 30-day
option to purchase up to an additional 862,500 common shares. 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.

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 196 properties containing 66,997 apartment homes across
the United States. Upon completion of 10 properties under development,
the Company’s portfolio will increase to 69,794 apartment homes in 206
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, Houston
        Kim Callahan, 713-354-2549

Copyright Business Wire 2012

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