Camden Property Trust Prices $350 Million 2.950% Senior Unsecured Notes Due 2022

Camden Property Trust (NYSE:CPT) today announced that it has priced a $350 million offering of senior unsecured notes under its existing shelf registration. These ten-year notes were issued at 98.945% of par value with a coupon of 2.950%. Interest on the notes is payable semi-annually on June 15 and December 15, with the first payment becoming due and payable on June 15, 2013, and the notes will mature on December 15, 2022. The Company expects to use the net proceeds of approximately $343.7 million to repay the outstanding balance on its unsecured line of credit, and the remainder 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 7, 2012.

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

The issuer 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 the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling J.P. Morgan Securities LLC toll free at 212-834-4533, Merrill Lynch, Pierce, Fenner & Smith Incorporated at 1-800-294-1322, U.S. Bancorp Investments, Inc. at 877-558-2607 or Wells Fargo Securities, LLC at 1-800-326-5897.

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.

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