Camden property trust announces public offering of common shares

Houston--(business wire)--camden property trust (nyse: cpt) today announced it is offering 2,900,000 common shares in an underwritten public offering. camden intends to use the net proceeds to reduce borrowings under its $900 million unsecured line of credit incurred to fund the acquisition from teacher retirement system of texas of its 68.7% interest in two of camden's investment funds and for general corporate purposes, which may include financing for acquisitions and funding for development
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