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HOUSTON--([ BUSINESS WIRE ])--The Board of Trust Managers of Camden Property Trust (NYSE:CPT) declared a first quarter cash dividend of $0.56 per share to holders of record as of March 30, 2012 of its Common Shares of Beneficial Interest. The dividend to be paid on April 17, 2012 equates to an annual dividend rate of $2.24 per share, and represents a 14.3% increase over the Companyas previous dividend rate. Based on Camdenas closing price of $62.51 on March 8, 2012, the annual dividend represents a 3.6% yield.

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 195 properties containing 66,770 apartment homes across the United States. Upon completion of ten properties under development, the Companyas portfolio will increase to 69,567 apartment homes in 205 properties. Camden was recently named by FORTUNE Magazine for the fifth consecutive year as one of the a100 Best Companies to Work Fora in America, ranking #7.

For additional information, please contact Camdenas Investor Relations Department at (800) 922-6336 or (713) 354-2787 or access our website at [ camdenliving.com ].