CAMDEN PROPERTY TRUST T.CPT

Primary Symbol: CPT

Camden Property Trust is a real estate investment trust (REIT). The Company and its subsidiaries are primarily engaged in the ownership, management, development, reposition, redevelopment, acquisition, and construction of multifamily apartment communities. It owns interests in, operates and develops 176 multifamily properties comprised of 59,800 apartment homes across the United States. Its four properties were under construction and consist of a total of 1,166 apartment homes. The Company’s properties consist of mid-rise buildings or two- and three-story buildings in a landscaped setting, as well as high-rise buildings, and provide residents with a variety of amenities common to multifamily rental properties. The Company's properties include Camden Chandler, Camden Copper Square, Camden Foothills, Camden Legacy, and others. Its properties are located in Arizona, California, Colorado, Florida, Georgia, North Carolina, Washington District of Columbia (DC) Metro and Texas, among others.

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CAMDEN PROPERTY TRUST

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Post by ggnineon Mar 08, 2006 11:33pm

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Post# 10487012

Am I wrong

Am I missing something or did SEGB just issue these guys the right to buy 11 million shares at a discount for absolutely nothing in return. " proceeds of approximately $1,020,000. The Company issued 50,000 shares of Common Stock and a $918,000 note convertible into common stock. The Company also issued warrants for the purchase of an aggregate of 11 million shares of Common Stock at exercise prices ranging from $2.04 to $4.80 per share with a weighted average price of approximately $3.71 per share, which, if exercised in full, will yield proceeds up to US$40.81 million. Subject to certain "

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