Camden Property Trust Announces Dividend Increase and Sets Date for Annual Shareholder Meeting.

HOUSTON -- The Board of Trust Managers of Camden Property Trust (NYSE:CPT) declared a first quarter dividend of $0.69 per share to holders of record as of March 30, 2007 of its Common Shares of Beneficial Interest. The dividend to be paid on April 17, 2007 equates to an annual dividend rate of $2.76 per share, and represents a 4.5% increase over the Company's previous dividend rate. Based on Camden's closing price of $71.38 on March 14, 2007, the annual dividend represents a 3.9% yield.

In addition, Camden announced that its Annual Meeting of Shareholders will be held on May 1, 2007 at the Renaissance Hotel, 6 East Greenway Plaza, Houston, Texas, at 1:30 p.m., Central Standard Time. The Company intends to begin mailing its Proxy Statement, Annual Report to Shareholders, voting materials and other meeting information on or about April 2, 2007 to shareholders of record as of March 21, 2007.

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 186 properties containing 63,843 apartment homes geographically dispersed across the United States from Washington DC to Southern California. Upon completion of 13 properties under development, the Company's portfolio will increase to 68,064 apartment homes in 199 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.