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HOUSTON — Camden Property Trust has acquired a portfolio of eight apartment communities for approximately $261 million through its discretionary investment funds (The Fund), in which it owns a 20 percent interest. The communities acquired are located in the Houston, Dallas, Austin and San Antonio areas and consist of 2,957 apartment units with an average occupancy of 95 percent. The Fund has three additional apartment communities from the same portfolio located in the Houston and San Antonio areas under contract for approximately $59 million that are expected to close during the third quarter of 2011.