HOUSTON, TX (REIT Media) March 14, 2008 - The Board of Trust Managers of Camden Property Trust (NYSE:CPT) declared a first quarter dividend of $0.70 per share to holders of record as of March 31, 2008 of its Common Shares of Beneficial Interest. The dividend to be paid on April 17, 2008 equates to an annual dividend rate of $2.80 per share, and represents a 1.4% increase over the Company’s previous dividend rate. Based on Camden’s closing price of $51.22 on March 13, 2008, the annual dividend represents a 5.5% yield.

In addition, Camden announced that its Annual Meeting of Shareholders will be held on May 6, 2008 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 March 24, 2008 to registered holders of record as of March 14, 2008. The Company also intends to begin mailing a “Notice of Internet Availability of Proxy Materials” to shareholders who hold their shares in “street name” on or about March 24, 2008 containing instructions on how to access Camden’s 2008 proxy statement and annual report electronically, or how to request paper copies.

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 181 properties containing 62,918 apartment homes geographically dispersed across the United States from Washington DC to Southern California. Upon completion of 11 properties under development, the Company's portfolio will increase to 66,301 apartment homes in 192 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.

Camden Property Trust, Houston
Kim Callahan, 713-354-2549