Camden Property Trust Announces First Quarter 2003 Dividend and Sets Date for Annual Shareholder Meeting.

Business Editors/Real Estate Writers

HOUSTON--(BUSINESS WIRE)--March 14, 2003

The Board of Trust Managers of Camden Property Trust (NYSE:CPT) today declared a $0.635 per share dividend distribution to holders of record as of March 31, 2003 of its Common Shares of Beneficial Interest. The dividend to be paid on April 17, 2003 equates to an annual dividend rate of $2.54 per share. Based on Camden's most recent closing price of $31.32 per share on March 13, 2003, the dividend represents an annual yield of 8.10%.

In addition, Camden announced that its Annual Meeting of Shareholders will be held on May 8, 2003 at Camden Oak Crest, 12025 Richmond Avenue, Houston, Texas, at 10:00 a.m., Central time. The Company intends to begin mailing its Proxy Statement, Annual Report to Shareholders, voting materials and other meeting information on or about March 31, 2003 to shareholders of record as of March 14, 2003.

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 143 properties containing 50,790 apartment homes in the Sunbelt and Midwestern markets from Florida to California. Upon completion of four properties under development, the Company's portfolio will increase to 52,274 apartment homes in 147 properties.

For additional information, please contact Camden's Investor Relations Department at 1-800-9Camden or 713/354-2787 or access our Web site at http://www.camdenliving.com.