CPT Camden Property Trust

Camden Property Trust (NYSE:CPT) today announced the recent completion of three transactions involving dispositions and joint venture activities. On September 20, 2006, the Company contributed nine existing multifamily communities with 3,237 apartment homes located in Camden�s Midwest markets to a newly created $239 million joint venture. Camden retained a 15% ownership interest in the venture and will continue to serve as the property manager for all nine communities. Camden intends to market its three remaining communities in the Midwest for sale later this year. On August 22, 2006, Camden sold 2.1 acres of undeveloped land in Long Beach, CA for $22 million. The 2.1 acre site was located adjacent to Camden Harbor View and had previously been classified as held for sale. On August 2, 2006, Camden contributed 10.6 acres of land in College Park, MD from its pre-development pipeline to a newly created joint venture. Camden retained a 30% ownership interest in and provided a $7 million mezzanine loan to the venture. Camden will serve as the developer, construction manager and property manager for a new 508-home apartment community currently being developed by the venture. The Company will provide additional information on these transactions in conjunction with its Third Quarter 2006 Earnings Release in early November. Camden will be webcasting its Annual Investor/Analyst Meeting in Las Vegas, NV live today from 5:30 p.m. to 8:00 p.m. Eastern Time in a listen-only mode at www.camdenliving.com in the Investor Relations section, and an audio archive will be available on the Company�s website shortly after the event concludes. A copy of all presentation materials will be located in the Investor Relations section of the website on the Corporate Profile page. For those without Internet access, the presentation will be available at no charge by mail upon request to Camden�s Investor Relations Department at the phone numbers set forth below. The Company plans to discuss recent transactions, current apartment market trends, current and future development projects, and technology initiatives during the meeting. 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. 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 185 properties containing 63,449 apartment homes across the United States. Upon completion of 13 properties under development, the Company's portfolio will increase to 67,911 apartment homes in 198 properties. For additional information, please contact Camden's Investor Relations Department at (800) 922-6336 or (713) 354-2787 or access our website at www.camdenliving.com. Camden Property Trust (NYSE:CPT) today announced the recent completion of three transactions involving dispositions and joint venture activities. On September 20, 2006, the Company contributed nine existing multifamily communities with 3,237 apartment homes located in Camden's Midwest markets to a newly created $239 million joint venture. Camden retained a 15% ownership interest in the venture and will continue to serve as the property manager for all nine communities. Camden intends to market its three remaining communities in the Midwest for sale later this year. On August 22, 2006, Camden sold 2.1 acres of undeveloped land in Long Beach, CA for $22 million. The 2.1 acre site was located adjacent to Camden Harbor View and had previously been classified as held for sale. On August 2, 2006, Camden contributed 10.6 acres of land in College Park, MD from its pre-development pipeline to a newly created joint venture. Camden retained a 30% ownership interest in and provided a $7 million mezzanine loan to the venture. Camden will serve as the developer, construction manager and property manager for a new 508-home apartment community currently being developed by the venture. The Company will provide additional information on these transactions in conjunction with its Third Quarter 2006 Earnings Release in early November. Camden will be webcasting its Annual Investor/Analyst Meeting in Las Vegas, NV live today from 5:30 p.m. to 8:00 p.m. Eastern Time in a listen-only mode at www.camdenliving.com in the Investor Relations section, and an audio archive will be available on the Company's website shortly after the event concludes. A copy of all presentation materials will be located in the Investor Relations section of the website on the Corporate Profile page. For those without Internet access, the presentation will be available at no charge by mail upon request to Camden's Investor Relations Department at the phone numbers set forth below. The Company plans to discuss recent transactions, current apartment market trends, current and future development projects, and technology initiatives during the meeting. 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. 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 185 properties containing 63,449 apartment homes across the United States. Upon completion of 13 properties under development, the Company's portfolio will increase to 67,911 apartment homes in 198 properties. For additional information, please contact Camden's Investor Relations Department at (800) 922-6336 or (713) 354-2787 or access our website at www.camdenliving.com.