

Camden Property Trust Real Estate and Accumulated Depreciation As of December 31, 2014 (in thousands)																			Schedule III
	Initial Cost						Total Cost
	Land		Building/ Construction in Progress & Improvements		Cost Subsequent to Acquisition/ Construction		Land		Building/ Construction in Progress & Improvements		Total		Accumulated Depreciation		Total Cost, Net of Accumulated Depreciation		Encumbrances		Year of Completion/ Acquisition
Current communities:

ARIZONA
Phoenix/Scottsdale
Camden Copper Square	$	4,825	$	23,672	$	6,574	$	4,825	$	30,246	$	35,071	$	13,749	$	21,322			2000
Camden Foothills	11,006		33,343		—		11,006		33,343		44,349		542		43,807				2014
Camden Legacy	4,068		26,612		10,592		4,068		37,204		41,272		19,457		21,815				1998
Camden Montierra	13,687		31,727		4,767		13,687		36,494		50,181		2,780		47,401				2012
Camden Pecos Ranch	3,362		24,492		4,485		3,362		28,977		32,339		3,559		28,780				2012
Camden San Marcos	11,520		35,166		5,134		11,520		40,300		51,820		3,179		48,641				2012
Camden San Paloma	6,480		23,045		7,587		6,480		30,632		37,112		12,081		25,031				2002
Camden Sotelo	3,376		30,576		481		3,376		31,057		34,433		1,554		32,879				2013
CALIFORNIA
Los Angeles/Orange County
Camden Crown Valley	9,381		54,210		7,597		9,381		61,807		71,188		24,723		46,465				2001
Camden Harbor View	16,079		127,459		7,683		16,079		135,142		151,221		45,591		105,630		92,716		2003
Camden Main and Jamboree	17,363		75,387		767		17,363		76,154		93,517		11,390		82,127		49,757		2008
Camden Martinique	28,401		51,861		16,153		28,401		68,014		96,415		34,197		62,218		34,751		1998
Camden Parkside	29,730		34,368		1,209		29,730		35,577		65,307		3,909		61,398				2012
Camden Sea Palms	4,336		9,930		3,105		4,336		13,035		17,371		7,035		10,336				1998
San Diego/Inland Empire
Camden Landmark	17,339		71,315		1,148		17,339		72,463		89,802		6,033		83,769				2012
Camden Old Creek	20,360		71,777		1,067		20,360		72,844		93,204		18,884		74,320				2007
Camden Sierra at Otay Ranch	10,585		49,781		4,388		10,585		54,169		64,754		19,355		45,399				2003
Camden Tuscany	3,330		36,466		3,779		3,330		40,245		43,575		13,766		29,809				2003
Camden Vineyards	4,367		28,494		2,356		4,367		30,850		35,217		11,952		23,265				2002
COLORADO
Denver
Camden Belleview Station	8,091		44,003		681		8,091		44,684		52,775		3,371		49,404				2012
Camden Caley	2,047		17,445		4,287		2,047		21,732		23,779		9,649		14,130		15,351		2000
Camden Denver West	6,396		51,552		1,407		6,396		52,959		59,355		3,472		55,883				2012
Camden Highlands Ridge	2,612		34,726		9,278		2,612		44,004		46,616		19,628		26,988				1996
Camden Interlocken	$	5,293	$	31,612	$	7,717	$	5,293	$	39,329	$	44,622	$	18,449	$	26,173	$	27,431	1999
Camden Lakeway	3,915		34,129		11,030		3,915		45,159		49,074		21,503		27,571		29,267		1997
WASHINGTON DC METRO
Camden Ashburn Farm	4,835		22,604		1,446		4,835		24,050		28,885		7,360		21,525				2005
Camden Clearbrook	2,384		44,017		925		2,384		44,942		47,326		11,810		35,516				2007
Camden College Park	16,409		91,503		1,462		16,409		92,965		109,374		12,491		96,883				2008
Camden Dulles Station	10,807		61,548		2,284		10,807		63,832		74,639		14,384		60,255				2008
Camden Fair Lakes	15,515		104,223		6,762		15,515		110,985		126,500		32,746		93,754				2005
Camden Fairfax Corner	8,484		72,953		3,900		8,484		76,853		85,337		21,266		64,071				2006
Camden Fallsgrove	9,408		43,647		4,353		9,408		48,000		57,408		14,231		43,177				2005
Camden Grand Parc	7,688		35,900		1,387		7,688		37,287		44,975		10,973		34,002				2005
Camden Lansdowne	15,502		102,267		4,865		15,502		107,132		122,634		32,559		90,075				2005
Camden Largo Town Center	8,411		44,163		2,589		8,411		46,752		55,163		13,748		41,415				2005
Camden Monument Place	9,030		54,089		852		9,030		54,941		63,971		13,980		49,991				2007
Camden NoMa	19,442		82,126		—		19,442		82,126		101,568		3,482		98,086				2014
Camden Potomac Yard	16,498		88,317		584		16,498		88,901		105,399		21,131		84,268				2008
Camden Roosevelt	11,470		45,785		923		11,470		46,708		58,178		14,159		44,019				2005
Camden Russett	13,460		61,837		3,746		13,460		65,583		79,043		19,913		59,130		45,063		2005
Camden Silo Creek	9,707		45,301		1,672		9,707		46,973		56,680		14,021		42,659				2005
Camden Summerfield	14,659		48,404		890		14,659		49,294		63,953		12,133		51,820				2008
Camden Summerfield II	4,459		20,566		5		4,459		20,571		25,030		2,707		22,323				2012
FLORIDA
Southeast Florida
Camden Aventura	12,185		47,616		10,130		12,185		57,746		69,931		17,712		52,219				2005
Camden Boca Raton	2,201		49,499		—		2,201		49,499		51,700		599		51,101				2014
Camden Brickell	14,621		57,031		10,296		14,621		67,327		81,948		20,430		61,518				2005
Camden Doral	10,260		40,416		4,618		10,260		45,034		55,294		13,064		42,230				2005
Camden Doral Villas	6,476		25,543		5,294		6,476		30,837		37,313		9,210		28,103				2005
Camden Las Olas	12,395		79,518		7,803		12,395		87,321		99,716		26,091		73,625				2005
Camden Plantation	6,299		77,964		6,450		6,299		84,414		90,713		25,801		64,912				2005
Camden Portofino	9,867		38,702		3,994		9,867		42,696		52,563		13,141		39,422				2005
Orlando
Camden Hunter's Creek	4,156		20,925		4,317		4,156		25,242		29,398		7,418		21,980				2005
Camden Lago Vista	$	3,497	$	29,623	$	1,281	$	3,497	$	30,904	$	34,401	$	10,348	$	24,053			2005
Camden LaVina	12,907		42,569		58		12,907		42,627		55,534		6,148		49,386				2012
Camden Lee Vista	4,350		34,643		4,845		4,350		39,488		43,838		18,172		25,666				2000
Camden Orange Court	5,319		40,733		739		5,319		41,472		46,791		9,893		36,898				2008
Camden Renaissance	4,144		39,987		5,639		4,144		45,626		49,770		22,520		27,250				1997
Camden Town Square	13,127		45,997		33		13,127		46,030		59,157		4,968		54,189				2012
Camden World Gateway	5,785		51,821		5,516		5,785		57,337		63,122		16,296		46,826				2005
Tampa/St. Petersburg
Camden Bay	7,450		63,283		9,141		7,450		72,424		79,874		31,189		48,685				1998/2002
Camden Lakes	3,106		22,746		13,812		3,106		36,558		39,664		28,262		11,402				1997
Camden Montague	3,576		16,534		22		3,576		16,556		20,132		2,258		17,874				2012
Camden Preserve	1,206		17,982		6,578		1,206		24,560		25,766		11,860		13,906				1997
Camden Providence Lakes	2,020		14,855		6,343		2,020		21,198		23,218		9,526		13,692				2002
Camden Royal Palms	2,147		38,339		2,117		2,147		40,456		42,603		9,957		32,646				2007
Camden Westchase Park	11,955		36,254		80		11,955		36,334		48,289		4,221		44,068				2012
Camden Westshore	1,734		10,819		7,037		1,734		17,856		19,590		12,855		6,735				1997
Camden Woods	2,693		19,930		10,463		2,693		30,393		33,086		20,899		12,187				1999
GEORGIA
Atlanta
Camden Brookwood	7,174		31,984		6,536		7,174		38,520		45,694		11,909		33,785		22,624		2005
Camden Creekstone	5,017		19,912		619		5,017		20,531		25,548		1,854		23,694				2012
Camden Deerfield	4,895		21,922		5,523		4,895		27,445		32,340		8,313		24,027		19,220		2005
Camden Dunwoody	5,290		23,642		6,896		5,290		30,538		35,828		9,261		26,567		21,168		2005
Camden Fourth Ward	10,477		51,258		83		10,477		51,341		61,818		366		61,452				2014
Camden Midtown Atlanta	6,196		33,828		4,341		6,196		38,169		44,365		12,187		32,178		20,565		2005
Camden Peachtree City	6,536		29,063		3,365		6,536		32,428		38,964		10,349		28,615				2005
Camden Shiloh	4,181		18,798		4,210		4,181		23,008		27,189		7,142		20,047		10,576		2005
Camden St. Clair	7,526		27,486		6,751		7,526		34,237		41,763		10,707		31,056		21,646		2005
Camden Stockbridge	5,071		22,693		3,019		5,071		25,712		30,783		8,338		22,445		14,332		2005
Camden Vantage	11,787		68,822		918		11,787		69,740		81,527		3,578		77,949				2013
NEVADA
Las Vegas
Camden Bel Air	$	3,594	$	31,221	$	6,775	$	3,594	$	37,996	$	41,590	$	22,551	$	19,039			1998
Camden Breeze	2,894		15,828		5,309		2,894		21,137		24,031		12,176		11,855				1998
Camden Canyon	1,802		11,666		5,038		1,802		16,704		18,506		10,047		8,459				1998
Camden Centre	172		1,166		384		172		1,550		1,722		951		771				1998
Camden Commons	2,476		20,073		6,569		2,476		26,642		29,118		18,016		11,102				1998
Camden Cove	1,382		6,266		1,862		1,382		8,128		9,510		5,204		4,306				1998
Camden Del Mar	4,404		35,264		14,183		4,404		49,447		53,851		29,696		24,155				1998
Camden Fairways	3,969		15,543		9,981		3,969		25,524		29,493		16,874		12,619				1998
Camden Hills	853		7,834		1,703		853		9,537		10,390		5,988		4,402				1998
Camden Legends	1,370		6,382		1,355		1,370		7,737		9,107		4,344		4,763				1998
Camden Palisades	8,406		31,497		8,797		8,406		40,294		48,700		22,914		25,786				1998
Camden Pines	3,496		21,852		1,094		3,496		22,946		26,442		2,595		23,847				2012
Camden Pointe	2,058		14,879		3,242		2,058		18,121		20,179		9,782		10,397				1998
Camden Summit	11,212		18,399		992		11,212		19,391		30,603		2,186		28,417				2012
Camden Tiara	7,709		28,644		1,025		7,709		29,669		37,378		3,335		34,043				2012
Camden Vintage	3,641		19,255		5,565		3,641		24,820		28,461		15,199		13,262				1998
NORTH CAROLINA
Charlotte
Camden Ballantyne	4,503		30,250		7,150		4,503		37,400		41,903		11,842		30,061		26,025		2005
Camden Cotton Mills	4,246		19,147		5,358		4,246		24,505		28,751		7,936		20,815				2005
Camden Dilworth	516		16,633		1,715		516		18,348		18,864		5,181		13,683		13,073		2006
Camden Fairview	1,283		7,223		3,575		1,283		10,798		12,081		3,847		8,234				2005
Camden Foxcroft	1,408		7,919		3,547		1,408		11,466		12,874		4,337		8,537				2005
Camden Grandview	7,570		33,859		6,412		7,570		40,271		47,841		12,955		34,886				2005
Camden Sedgebrook	5,266		29,211		6,366		5,266		35,577		40,843		11,256		29,587		21,306		2005
Camden Simsbury	1,152		6,499		2,168		1,152		8,667		9,819		2,807		7,012				2005
Camden South End Square	6,625		29,175		5,981		6,625		35,156		41,781		10,825		30,956				2005
Camden Stonecrest	3,941		22,021		5,396		3,941		27,417		31,358		8,867		22,491				2005
Camden Touchstone	1,203		6,772		2,574		1,203		9,346		10,549		3,657		6,892				2005
Raleigh
Camden Crest	$	4,412	$	31,108	$	2,982	$	4,412	$	34,090	$	38,502	$	10,698	$	27,804			2005
Camden Governor's Village	3,669		20,508		2,732		3,669		23,240		26,909		7,592		19,317		13,004		2005
Camden Lake Pine	5,746		31,714		6,256		5,746		37,970		43,716		12,478		31,238		26,212		2005
Camden Manor Park	2,535		47,159		1,498		2,535		48,657		51,192		14,480		36,712		29,675		2006
Camden Overlook	4,591		25,563		7,747		4,591		33,310		37,901		10,378		27,523				2005
Camden Reunion Park	3,302		18,457		4,480		3,302		22,937		26,239		7,522		18,717		19,961		2005
Camden Westwood	4,567		25,519		4,103		4,567		29,622		34,189		9,401		24,788		19,907		2005
TEXAS
Austin
Camden Cedar Hills	2,684		20,931		222		2,684		21,153		23,837		5,654		18,183				2008
Camden Gaines Ranch	5,094		37,100		8,667		5,094		45,767		50,861		13,411		37,450				2005
Camden Huntingdon	2,289		17,393		8,229		2,289		25,622		27,911		13,566		14,345				1995
Camden Stoneleigh	3,498		31,285		6,495		3,498		37,780		41,278		10,530		30,748				2006
Corpus Christi
Camden Breakers	1,055		13,024		7,542		1,055		20,566		21,621		10,977		10,644				1996
Camden Copper Ridge	1,204		9,180		6,972		1,204		16,152		17,356		11,844		5,512				1993
Camden Miramar	—		38,784		17,524		—		56,308		56,308		19,811		36,497				1994-2014
Dallas/Fort Worth
Camden Addison	11,516		29,332		5,300		11,516		34,632		46,148		4,208		41,940				2012
Camden Belmont	12,521		61,522		762		12,521		62,284		74,805		5,682		69,123				2012
Camden Buckingham	2,704		21,251		8,326		2,704		29,577		32,281		14,147		18,134				1997
Camden Centreport	1,613		12,644		4,988		1,613		17,632		19,245		8,544		10,701				1997
Camden Cimarron	2,231		14,092		6,615		2,231		20,707		22,938		11,410		11,528				1997
Camden Farmers Market	17,341		74,193		13,002		17,341		87,195		104,536		34,023		70,513		50,711		2001/2005
Camden Henderson	3,842		15,256		113		3,842		15,369		19,211		1,550		17,661				2012
Camden Legacy Creek	2,052		12,896		5,590		2,052		18,486		20,538		9,481		11,057				1997
Camden Legacy Park	2,560		15,449		6,405		2,560		21,854		24,414		11,121		13,293		13,866		1997
Camden Valley Park	3,096		14,667		13,279		3,096		27,946		31,042		24,000		7,042				1994
Houston
Camden City Centre	4,976		44,735		954		4,976		45,689		50,665		11,962		38,703		33,795		2007
Camden City Centre II	$	5,101	$	28,131	$	19	$	5,101	$	28,150	$	33,251	$	2,612	$	30,639			2013
Camden Greenway	16,916		43,933		15,942		16,916		59,875		76,791		27,237		49,554		52,360		1999
Camden Holly Springs	11,108		42,852		7,401		11,108		50,253		61,361		5,594		55,767				2012
Camden Midtown	4,583		18,026		8,231		4,583		26,257		30,840		12,532		18,308		28,058		1999
Camden Oak Crest	2,078		20,941		3,363		2,078		24,304		26,382		9,470		16,912		17,309		2003
Camden Park	4,922		16,453		2,035		4,922		18,488		23,410		2,133		21,277				2012
Camden Plaza	7,204		31,044		635		7,204		31,679		38,883		4,535		34,348		21,120		2007
Camden Post Oak	14,302		92,557		6,030		14,302		98,587		112,889		5,406		107,483				2013
Camden Royal Oaks	1,055		20,046		520		1,055		20,566		21,621		6,482		15,139				2006
Camden Royal Oaks II	587		12,743		14		587		12,757		13,344		1,642		11,702				2012
Camden Stonebridge	1,016		7,137		3,637		1,016		10,774		11,790		6,822		4,968				1993
Camden Sugar Grove	7,614		27,594		1,056		7,614		28,650		36,264		3,138		33,126				2012
Camden Travis Street	1,780		29,104		274		1,780		29,378		31,158		6,639		24,519		21,614		2010
Camden Vanderbilt	16,076		44,918		17,200		16,076		62,118		78,194		35,596		42,598		73,165		1994/1997
Camden Whispering Oaks	1,188		26,242		369		1,188		26,611		27,799		6,984		20,815				2008

Total Current communities:	$	985,522	$	5,075,096	$	672,409	$	985,522	$	5,747,505	$	6,733,027	$	1,736,404	$	4,996,623	$	905,628

Communities under construction:
Name / location
Camden Chandler Chandler, AZ	$	—	$	36,448	$	—	$	—	$	36,448	$	36,448	$	4	$	36,444			N/A
Camden Flatirons (1) Denver, CO	—		74,231		—		—		74,231		74,231		906		73,325				N/A
Camden Gallery Charlotte, NC	—		28,915		—		—		28,915		28,915				28,915				N/A
Camden Glendale Glendale, CA	$	—	$	94,797	$	—	$	—	$	94,797	$	94,797	$	3	$	94,794			N/A
Camden Hayden (1) Tempe, AZ	—		41,085		—		—		41,085		41,085		84		41,001				N/A
Camden La Frontera (1) Round Rock, TX	—		34,949		—		—		34,949		34,949		416		34,533				N/A
Camden Lamar Heights (1) Austin, TX	—		45,564		—		—		45,564		45,564		470		45,094				N/A
Camden Lincoln Station Denver, CO	—		8,403		—		—		8,403		8,403				8,403				N/A
Camden McGowen Station Houston, TX	—		11,214		—		—		11,214		11,214				11,214				N/A
Camden Paces (1) Atlanta, GA	—		98,337		—		—		98,337		98,337		568		97,769				N/A
Camden Victory Park Dallas, TX	—		33,169		—		—		33,169		33,169		7		33,162				N/A
The Camden Los Angeles, CA	—		61,698		—		—		61,698		61,698				61,698				N/A

Total Communities under construction:	$	—	$	568,810	$	—	$	—	$	568,810	$	568,810	$	2,458	$	566,352	$	—

Development pipeline communities:
Name/location
Camden Atlantic Plantation, FL	$	—	$	12,759	$	—	$	—	$	12,759	$	12,759			$	12,759			N/A
Camden Buckhead Atlanta, GA	—		20,908		—		—		20,908		20,908				20,908				N/A
Camden Conte Houston, TX	—		18,303		—		—		18,303		18,303				18,303				N/A
Camden NoMa II Washington, DC	—		22,149		—		—		22,149		22,149				22,149				N/A
Camden Shady Grove Rockville, MD	—		31,597		—		—		31,597		31,597				31,597				N/A

Total Development pipeline communities:	$	—	$	105,716	$	—	$	—	$	105,716	$	105,716	$	—	$	105,716	$	—

Land Holdings	$	—	$	10,550	$	—	$	—	$	10,550	$	10,550			$	10,550			N/A
Corporate	—		3,413		—		—		3,413		3,413				3,413				N/A

	$	—	$	13,963	$	—	$	—	$	13,963	$	13,963	$	—	$	13,963	$	—

TOTAL	$	985,522	$	5,763,585	$	672,409	$	985,522	$	6,435,994	$	7,421,516	$	1,738,862	$	5,682,654	$	905,628

(1) Properties are in lease-up at December 31, 2014. Balances presented here includes costs which are included in buildings and improvements and land on the consolidated balance sheet at December 31, 2014. These costs related to completed unit turns for these properties.