<SEC-DOCUMENT>0000950123-11-055197.txt : 20110531
<SEC-HEADER>0000950123-11-055197.hdr.sgml : 20110530
<ACCEPTANCE-DATETIME>20110531094802
ACCESSION NUMBER:		0000950123-11-055197
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20110531
ITEM INFORMATION:		Regulation FD Disclosure
FILED AS OF DATE:		20110531
DATE AS OF CHANGE:		20110531

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CAMDEN PROPERTY TRUST
		CENTRAL INDEX KEY:			0000906345
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		IRS NUMBER:				766088377
		STATE OF INCORPORATION:			TX
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-12110
		FILM NUMBER:		11879874

	BUSINESS ADDRESS:	
		STREET 1:		3 GREENWAY PLAZA
		STREET 2:		SUITE 1300
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77046
		BUSINESS PHONE:		7133542500

	MAIL ADDRESS:	
		STREET 1:		3 GREENWAY PLAZA
		STREET 2:		SUITE 1300
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77046
</SEC-HEADER>
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<TYPE>8-K
<SEQUENCE>1
<FILENAME>d82671e8vk.htm
<DESCRIPTION>FORM 8-K
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<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>
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<DIV align="center" style="font-size: 14pt; margin-top: 12pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B>Washington, D.C. 20549</B>
</DIV>

<DIV align="center" style="font-size: 18pt; margin-top: 12pt"><B>FORM 8-K</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>CURRENT REPORT<BR>
Pursuant to Section&nbsp;13 or 15(d) of the<BR>
Securities Exchange Act of 1934</B>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>Date of report (Date of earliest event reported): May&nbsp;31, 2011</B>
</DIV>

<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B>CAMDEN PROPERTY TRUST</B>
</DIV>

<DIV align="center" style="font-size: 10pt">
(Exact name of Registrant as Specified in Charter)</DIV>


<DIV align="center">
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    <TD align="center" valign="top">Texas
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">1-12110
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">76-6088377</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">(State or Other Jurisdiction of <BR>
Incorporation)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(Commission File<BR>
Number)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(I.R.S. Employer<BR>
Identification Number)</TD>
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<DIV align="center" style="font-size: 10pt; margin-top: 12pt">
Three Greenway Plaza, Suite&nbsp;1300, Houston, Texas 77046<BR>

<I>(</I>Address of Principal Executive Offices) (Zip Code)</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 12pt">
Registrant&#146;s telephone number, including area code: (713)&nbsp;354-2500</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 12pt">
Not applicable<BR>

(Former Name or Former Address, if Changed Since Last Report)</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the
filing obligation of the registrant under any of the following provisions:</DIV>

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    <TD>Written communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425)
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    <TD>Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12)
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    <TD>Pre-commencement communications pursuant to Rule&nbsp;14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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    <TD>Pre-commencement communications pursuant to Rule&nbsp;13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;7.01 Regulation&nbsp;FD Disclosure.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Camden Property Trust (the &#147;Company&#148;) has commenced a public offering of senior unsecured notes,
the consummation of which is subject to market and customary conditions, and intends to use the net
proceeds from the sale of the notes, together with cash on hand, for the repayment of an
outstanding $500&nbsp;million term loan. The $500&nbsp;million term loan matures in October&nbsp;2011 and may be
extended at the Company&#146;s option to October&nbsp;2012. In conjunction with the repayment of the $500
million term loan, the Company will dedesignate an interest rate swap associated with the term loan
and will recognize a non-cash charge of approximately $30&nbsp;million in the second quarter of 2011.
This charge represents the reclassification of accumulated other comprehensive loss associated with
the interest rate swap previously reflected in the Company&#146;s balance sheet. The Company intends to
settle the liability associated with the swap obligation with the counterparty over the next 17
months. Upon the dedesignation of this interest rate swap, the Company is required to reflect
immediately in earnings as either a gain or loss any future changes in the market value of this
instrument, which will terminate no later than October&nbsp;2012.</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The retirement of the term loan is also expected to result in the Company recognizing a non-cash
charge of approximately $0.5&nbsp;million in the second quarter of 2011 to write-off associated
unamortized loan origination costs.</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The information set forth above contains forward-looking statements within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section&nbsp;21E of the Securities Exchange Act of
1934, as amended, and is subject to the safe harbors created thereby. These statements are based
on current expectations, estimates and projections, management&#146;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.</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The information in this Item&nbsp;7.01 shall not be incorporated by reference in any filing under the
Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, except as
shall be expressly set forth by specific reference in such filing.</DIV>


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<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SIGNATURES</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Date: May&nbsp;31, 2011</DIV>


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    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">CAMDEN PROPERTY TRUST<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Michael P. Gallagher
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Michael P. Gallagher&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Vice President &#151; Chief Accounting Officer&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
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    <TD colspan="5">&nbsp;</TD>
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