Camden Property Trust Announces Pricing of Common Shares

Camden Property Trust (NYSE:CPT) 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 S&P 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.

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