Camden Property Trust Announces Tax Characteristics of 2006 Distributions.

HOUSTON -- Camden Property Trust (NYSE:CPT) announced today the income tax characteristics of its 2006 distributions paid to shareholders as they will be reported on Form 1099-DIV. The Company is releasing information at this time to aid banks, brokerage firms, and institutional investors that are required to issue Form 1099s to their account holders. The final classifications of the distributions for 2006 are as follows:

Camden Property Trust - Common Shares

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(1) None of the dividends classified as ordinary taxable dividends represents "qualified dividend income" and, therefore, are not eligible for the lower tax rate.

For corporate shareholders the Section 291(a) preference item is 4.4369% of the total distribution.

In addition, the company did not incur any foreign taxes during 2006.

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 across the United States. Upon completion of 11 properties under development, the Company's portfolio will increase to 67,605 apartment homes in 197 properties.

For additional information, please contact Camden's Investor Relations Department at [phone] or [phone] or access our website at www.camdenliving.com.