e424b3
 

Filed Pursuant to Rule 424(b)(3)
Registration No. 333-123612
Prospectus Supplement
To Prospectus Dated April 8, 2005
CAMDEN PROPERTY TRUST
1,692,070.984 Common Shares of Beneficial Interest
     This prospectus supplement updates the prospectus of Camden Property Trust, dated April 8, 2005, relating to the potential sale from time to time of up to 1,692,070.984 common shares of beneficial interest by the selling shareholders identified in this prospectus supplement.
     The following table sets forth the number of units held by the selling shareholders as of January 16, 2007, and the maximum number of common shares that may be sold by the selling shareholders. The amounts set forth below are based on information provided to us by the selling shareholders, or on our records, and are accurate to the best of our knowledge. Since April 8, 2005, 70,179.930 units have been exchanged. Each unit may be exchanged for one common share, subject to adjustment. In lieu of issuing common shares upon the exchange of the units, we may, at our option, issue cash in an amount equal to the market value of an equivalent number of common shares.
                 
            Maximum  
            Number of  
            Common Shares  
Selling Shareholder   Number of Units Held     to be Sold  
Bissell Ballantyne, LLC
     30,331.563       30,331.563  
Eugene E. Brucker
     1,070.589       1,070.589  
Margaret S. Cochrane
     55,243.000       55,243.000  
T. Carl Dedmon
     1,900.445       1,900.445  
Robert W. Donaldson, Jr.
     2,016.799       2,016.799  
B. D. Farmer, III
     2,563.127       2,563.127  
John C. Golding
     3,191.036       3,191.036  
Frances J. Intagliata
     1,070.589       1,070.589  
Donald H. Jones
     3,191.036       3,191.036  
Raymond V. Jones(1)
     155,490.136       155,490.136  
Jack Krause
     2,141.177       2,141.177  
Keith H. Kuhlman Revocable Trust of 1992(1)
     113,010.300       113,010.300  
Duncan A. Killen
     2,141.177       2,141.177  
Richard E. Killough
     3,191.036       3,191.036  
Roger M. Lewis
     1,682.449       1,682.449  
LMES, L.P. d/b/a Street Enterprises, L.P.
     100,000.000       100,000.000  
Michael G. Malone
     1,634.972       1,634.972  
Thomas Mannausa
     235.382       235.382  
Daniel P. McCabe
     251.431       251.431  
Linda S. McDonald
     55,243.000       55,243.000  
William B. McGuire, Jr.
     414,803.303       414,803.303  
Mark L. Messerly
     1,899.777       1,899.777  
Roy H. Michaux, Jr.
     807.121       807.121  
Jack R. Miller
     1,900.445       1,900.445  
John C. Moore
     4,147.946       4,147.946  
Kenneth M. Murphy
     2,141.177       2,141.177  
Randy J. Pace
     5,509.419       5,509.419  
Bailey Patrick, Jr.
     1,613.573       1,613.573  
William F. Paulsen(1)
     398,575.292       398,575.292  
Eugene V. Rankin Living Trust
     2,141.177       2,141.177  

 

 

                 
            Maximum  
            Number of  
            Common Shares  
Selling Shareholder   Number of Units Held     to be Sold  
Robert W. Sauer Grantor Trust
     1,070.589       1,070.589  
Sam J. Rosenbloom Living Trust
     2,141.177       2,141.177  
Stephen F. Smoak
     2,320.389       2,320.389  
Emil A. Stange
     2,141.177       2,141.177  
Edward R. Street
     55,242.675       55,242.675  
John B. Summers Revocable Trust
     2,141.177       2,141.177  
Roberta K. Symonds Trust
     2,141.177       2,141.177  
Nick Tacony
     2,141.177       2,141.177  
Patricia B. Terwilliger
     35,577.515       35,577.515  
David F. Tufaro(1)
     138,011.656       138,011.656  
W.A. & C. D. Frank Living Trust
     2,141.177       2,141.177  
Owen H. Whitfield Trust
     3,191.036       3,191.036  
Gerald S. Workman
     2,016.799       2,016.799  
Stephen C. Wylie
     879.341       879.341  
Bernard A. Zimmer Revocable Trust
     1,595.518       1,595.518  
 
            
Total
     1,621,891.054       1,621,891.054  
 
            
 
(1)   Pursuant to a Merrill Lynch Loan Management Account Agreement among such holder, Merrill Lynch Bank USA and Merrill Lynch, Pierce, Fenner & Smith Incorporated (the “Loan Agreement”), all of common shares that may be sold by such holder under this prospectus have been pledged by such holder to Merrill Lynch Bank USA as security for a loan or other extension of credit to such holder. Upon a default under the Loan Agreement with such holder, Merrill Lynch Bank USA or its parent, Merrill Lynch & Co. Inc., or any subsidiary thereof, may be a selling shareholder hereunder and may sell the applicable common shares offered by this prospectus.
     This prospectus supplement is not complete without, and may not be delivered or utilized except in connection with, the prospectus dated April 8, 2005, and we have not authorized anyone to deliver or use this prospectus supplement without the prospectus.
The date of this prospectus supplement is January 16, 2007

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