Camden Property Trust Prices $250 Million 4.250% Senior Unsecured Notes Due 2024

  Camden Property Trust Prices $250 Million 4.250% Senior Unsecured Notes Due
  2024

Business Wire

HOUSTON -- November 20, 2013

Camden Property Trust (NYSE:CPT) today announced that it has priced a $250
million offering of senior unsecured notes under its existing shelf
registration. These ten-year notes were issued at 99.814% of par value with a
coupon of 4.250%. Interest on the notes is payable semi-annually on January 15
and July 15, with the first payment becoming due and payable on July 15, 2014,
and the notes will mature on January 15, 2024. The Company expects to use the
net proceeds of approximately $247.4 million to pay at maturity the $200
million aggregate principal amount outstanding of its 5.375% Senior Notes due
December 15, 2013, plus accrued and unpaid interest to the date of maturity,
and the remainder to repay any outstanding balance on its unsecured line of
credit and other short-term borrowings and for general corporate purposes,
which may include property acquisitions and development in the ordinary course
of business, capital expenditures and working capital. Settlement is scheduled
for December 2, 2013.

Credit Suisse, Deutsche Bank Securities, SunTrust Robinson Humphrey and US
Bancorp are Joint Book-Running Managers, J.P. Morgan, BofA Merrill Lynch and
Wells Fargo Securities are Senior Co-Managers, and BB&T Capital Markets,
Mitsubishi UFJ Securities, PNC Capital Markets LLC, Regions Securities LLC and
Scotiabank are Junior Co-Managers in the transaction.

Camden has filed a registration statement (including a prospectus) with the
SEC for the offering to which this communication relates. Before you invest,
you should read the prospectus in that registration statement and other
documents Camden has filed with the SEC for more complete information about
Camden and this offering. You may get these documents for free by visiting
EDGAR on the SEC Web site at www.sec.gov. Alternatively, Camden, any
underwriter or any dealer participating in the offering will arrange to send
you the prospectus if you request it by calling Credit Suisse Securities (USA)
LLC toll free at 1-800-221-1037, Deutsche Bank Securities Inc. toll free at
1-800-503-4611, SunTrust Robinson Humphrey, Inc. toll free at 1-800-685-4786
or U.S. Bancorp Investments, Inc. toll free at 877-558-2607.

This press release shall not constitute an offer to sell or a solicitation of
an offer to buy nor shall there be any sale of these notes in any state or
other jurisdiction in which such offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities laws of any state
or other jurisdiction.

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, 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 178
properties containing 62,074 apartment homes across the United States. Upon
completion of 12 properties under development, the Company's portfolio will
increase to 65,718 apartment homes in 190 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.

Contact:

Camden Property Trust
Kim Callahan, 713-354-2549