Camden Property Trust Named to Fortune's List of '100 Best Companies to Work For'
January 22 2008 - 4:28PM
Business Wire
Camden Property Trust (NYSE:CPT) today was named by FORTUNE
Magazine as one of the �100 Best Companies to Work For� in America.
Camden is ranked 50th overall, and is ranked 19th in FORTUNE�s
small companies subcategory. Camden is a real estate company
engaged in the ownership, development, and management of
multifamily apartment communities. Camden owns interests in and
operates 180 properties containing more than 62,000 apartment homes
across the United States. The full list and related stories appear
in the February 4 issue of FORTUNE, available on newsstands January
28 and at www.fortune.com on January 22. Camden was cited by
FORTUNE for its progressive employee benefits, including the Camden
Scholarship Fund for employees� children, adoption benefits,
domestic partner benefits, fully furnished apartments available for
employee vacations, and apartment discounts for the employee, their
parent or child. Providing employees with great benefits is just
one way that Camden values its employees. Camden believes that its
people are its greatest asset and provides a collaborative work
environment in which employees are encouraged to develop themselves
and their ideas. �Being named by FORTUNE as a Best Company
acknowledges the dedicated efforts of our employees who have worked
together to build a great work environment. We have the opportunity
to serve our customers in a great work place, and that in itself is
rewarding,� said Keith Oden, President of Camden Property Trust.
�Our employees are empowered to make decisions, and the infinite
number of decisions our employees make every day create our
incredible work place and result in our success as a company.� To
select the �100 Best Companies to Work for,� FORTUNE works with
Robert Levering and Milton Moskowitz of the Great Place to Work
Institute to conduct the most extensive employee survey in
corporate America. Approximately 1,500 companies competed for a
spot on this year�s list, and 406 companies participated in the
employee survey. Two-thirds of the company�s score is based on the
results of the survey, which is sent to a minimum of 400 randomly
selected employees from each company. The survey asks questions
related to their attitudes about the management�s credibility, job
satisfaction and camaraderie. The other third of the scoring is
based on the company�s responses to the Institute�s Culture Audit,
which evaluates each company�s policies and culture. Ric Campo, CEO
of Camden Property Trust, explained, �Our mission is to provide our
residents exemplary levels of customer service and exceed their
expectations, a concept we call �Living Excellence.� To meet our
customer commitment, we must first exceed our employees�
expectations. With our employees� opinions being the single biggest
factor for inclusion on FORTUNE�s list, we are confident that we
are headed in the right direction.� 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 or access our website at
www.camdenliving.com.
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