Press Release October 04, 2004

Camden Property Trust and Summit Properties Inc. Announce Merger

Goodwin Procter LLP provided legal counsel to Summit Properties Inc. in its definitive merger agreement with Camden Property Trust to which Summit will be merged with and into a wholly owned subsidiary of Camden. The total transaction value, including the assumption of Summit debt, is approximately $1.9 billion. The acquisition by Camden occurred through a cash/stock election merger and a concurrent offer of case or DownREIT units to the limited partners of Summit Properties Partnership, L.P. The merger creates the fifth largest multifamily public company in the U.S. with a $5.7 billion total market capitalization and a $2.9 billion equity market cap.

The partners from Goodwin Procter who represented Summit in the merger agreement were Gil Menna and John HaggertyRobert Kester and Scott Webster .