Camden Property Trust Names New Chief Financial Officer

  Camden Property Trust Names New Chief Financial Officer

Business Wire

HOUSTON -- May 9, 2013

Camden Property Trust (NYSE: CPT) today announced the appointment of Alexander
J. Jessett as Chief Financial Officer effective May 9, 2013. Mr. Jessett
succeeds Dennis M. Steen, who is retiring after serving as Camden’s Chief
Financial Officer since 2003. Mr. Steen will remain with the Company through
July 1, 2013 to facilitate the transition.

Mr. Jessett joined Camden’s Finance department in 1999 and has served as
Senior Vice President – Finance and Treasurer since 2009. In this capacity,
Mr. Jessett was responsible for capital markets activities, corporate finance,
strategic planning, tax compliance, treasury, and cash management. Mr. Jessett
holds a Bachelor of Business Administration in Finance from the University of
Texas at Austin, and a Masters of Business Administration in Finance from the
University of Houston.

“Alex has significant financial and capital markets experience, along with a
proven track record of successful transactions for Camden,” said Richard J.
Campo, Camden’s Chairman and Chief Executive Officer. “These skills, along
with the depth of his knowledge about our Company and our industry, make him
an ideal choice to serve as our next Chief Financial Officer, and we expect a
seamless transition.”

“We are sincerely grateful to Dennis for his valued contributions to Camden
over the past 14 years,” added Mr. Campo. “On behalf of our Board of Trust
Managers and all of our Camden associates, we wish him the very best in
retirement.”

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. Factors which may cause the Company’s actual results or
performance to differ materially from those contemplated by forward-looking
statements are described under the heading “Risk Factors” in Camden’s Annual
Report on Form 10-K and inother filings with the Securities and Exchange
Commission (SEC). Forward-looking statements made in today’s press release
represent management’s current opinions, and the Company assumes no obligation
to update or supplement these statements because of subsequent events.

Camden Property Trust, an S&P 400 Company, is a real estate company engaged in
the ownership, development, acquisition, management and disposition of
multifamily apartment communities. Camden owns interests in and operates 192
properties containing 64,835 apartment homes across the United States. Upon
completion of 9 properties under development, the Company's portfolio will
increase to 67,680 apartment homes in 201 properties. Camden was recently
named by FORTUNE® Magazine for the sixth consecutive year as one of the “100
Best Companies to Work For” in America, ranking #10.

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.

Contact:

Camden Property Trust
Kim Callahan, 713-354-2549
 
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