Camden Property Trust Named to Fortune's List of '100 Best Companies to Work For'.HOUSTON -- Camden Property Trust (NYSE NYSE See: New York Stock Exchange :CPT CPT See: Carriage Paid To ) today was named by FORTUNE Magazine as one of the "100 Best Companies to Work For" in America. Camden is ranked 50thoverall, and is ranked 19th in FORTUNE's small companies subcategory sub·cat·e·go·ry n. pl. sub·cat·e·go·ries A subdivision that has common differentiating characteristics within a larger category. . Camden is a real estate company engaged in the ownership, development, and management of multifamily apartment communities. Camden owns interests in and operates 180 properties containing more than 62,000 apartment homes across the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . The full list and related stories appear in the February 4 issue of FORTUNE, available on newsstands January 28 and at www.fortune.com on January 22. Camden was cited by FORTUNE for its progressive employee benefits, including the Camden Scholarship Fund for employees' children, adoption benefits, domestic partner benefits, fully furnished fur·nish tr.v. fur·nished, fur·nish·ing, fur·nish·es 1. To equip with what is needed, especially to provide furniture for. 2. apartments available for employee vacations, and apartment discounts for the employee, their parent or child. Providing employees with great benefits is just one way that Camden values its employees. Camden believes that its people are its greatest asset and provides a collaborative work environment in which employees are encouraged to develop themselves and their ideas. "Being named by FORTUNE as a Best Company acknowledges the dedicated efforts of our employees who have worked together to build a great work environment. We have the opportunity to serve our customers in a great work place, and that in itself is rewarding," said Keith Oden, President of Camden Property Trust. "Our employees are empowered to make decisions, and the infinite number infinite number a number so large as to be uncountable. Represented by 8, frequently obtained by 'dividing' by zero. of decisions our employees make every day create our incredible work place and result in our success as a company." To select the "100 Best Companies to Work for," FORTUNE works with Robert Levering and Milton Moskowitz of the Great Place to Work Institute to conduct the most extensive employee survey in corporate America. Approximately 1,500 companies competed for a spot on this year's list, and 406 companies participated in the employee survey. Two-thirds of the company's score is based on the results of the survey, which is sent to a minimum of 400 randomly selected employees from each company. The survey asks questions related to their attitudes about the management's credibility, job satisfaction and camaraderie ca·ma·ra·der·ie n. Goodwill and lighthearted rapport between or among friends; comradeship. [French, from camarade, comrade, from Old French, roommate; see comrade. . The other third of the scoring is based on the company's responses to the Institute's Culture Audit, which evaluates each company's policies and culture. Ric Campo, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Camden Property Trust, explained, "Our mission is to provide our residents exemplary levels of customer service and exceed their expectations, a concept we call 'Living Excellence.' To meet our customer commitment, we must first exceed our employees' expectations. With our employees' opinions being the single biggest factor for inclusion on FORTUNE's list, we are confident that we are headed in the right direction." In addition to historical information, this press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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 Investor relations The process by which the corporation communicates with its investors. Department at 800-922-6336 or 713-354-2787 or access our website at www.camdenliving.com. |
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