8-K

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT
                       Pursuant to Section 13 or 15(d) of
                       The Securities Exchange Act of 1934


       Date of report (Date of earliest event reported): December 22, 2004


                              CAMDEN PROPERTY TRUST
             (Exact name of registrant as specified in its charter)


           TEXAS                         1-12110               76-6088377

(State or other jurisdiction of  (Commission file number)    (I.R.S. Employer
incorporation or organization)                            Identification Number)

             Three Greenway Plaza, Suite 1300, Houston, Texas 77046
               (Address of principal executive offices) (Zip Code)

       Registrant's telephone number, including area code: (713) 354-2500

                                 Not applicable
          (Former name or former address, if changed since last report)



Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:

[] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)

[] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)

[] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))

[] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))




Item 7.01 Regulation FD Disclosure

     On December 22, 2004, Camden Property Trust (the "Company") issued a press
release announcing the effects of its ownership investment in Rent.com. A copy
of the press release is furnished as Exhibit 99.1 to this report. This
information shall not be deemed "filed" for purposes of Section 18 of the
Securities Exchange Act of 1934, as amended, and is not incorporated by
reference into any filing of the Company, whether made before or after the date
hereof, regardless of any general incorporation language in such filing.

Item 9.01  Financial Statements and Exhibits.

        (c)   Exhibits.

              99.1   Press Release issued by Camden Property Trust dated
                     December 22, 2004.






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                                   SIGNATURES


     Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

Date:  December 22, 2004
                                      CAMDEN PROPERTY TRUST



                                      By: /s/ Dennis M. Steen
                                          --------------------------------------
                                          Dennis M. Steen
                                          Senior Vice President - Finance, Chief
                                          Financial Officer and Secretary


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EX-99.1

                                                                    EXHIBIT 99.1

Camden Property Trust Announces Status of Investment in Rent.Com

    HOUSTON--(BUSINESS WIRE)--Dec. 22, 2004--Camden Property Trust
(NYSE:CPT) announced today the status of its investment in Rent.com,
an internet listing website in the apartment and rental housing
industry.
    On December 16, 2004, eBay Inc. (Nasdaq:EBAY) announced an
agreement to acquire privately held Rent.com for total consideration
of approximately $415 million plus acquisition costs, net of
Rent.com's cash on hand, payable in approximately $30 million of cash
and the remainder in eBay common stock. eBay also announced that the
acquisition is subject to regulatory approval and approval of
Rent.com's stockholders, and is expected to close in the first quarter
of 2005. If the closing occurs as and when planned, with no material
change to the price of eBay stock, Camden expects its net income for
the first quarter of 2005 to be positively impacted by approximately
$18 million if Camden sells this stock. There is no assurance that the
Rent.com transaction will close or if it does, whether Camden will
sell the eBay stock it receives.
    Beginning in 2000, Camden invested in various e-commerce
companies, including Rent.com, designed to add value to the
multifamily rental experience. In 2001, the Company recorded an
impairment provision for the full balance of all of its e-commerce
investments as a response to the then current e-commerce environment.
Since that time, Camden has remained committed to many of the
companies and technologies that comprised the original investments. As
a result of this commitment, Camden believes that it has continued to
benefit from both discounted service agreements and operational
efficiencies.
    In addition to historical information, this press release contains
forward-looking statements under the federal securities law. These
statements are based on current expectations, estimates and
projections about the industry and markets in which Camden operates,
management's beliefs, and assumptions made by management.
Forward-looking statements are not guarantees of future performance
and involve certain risks and uncertainties which are difficult to
predict.
    Camden Property Trust is a real estate company engaged in the
ownership, development, acquisition, management and disposition of
multifamily apartment communities. Camden owns interests in and
operates 145 properties containing 52,008 apartment homes in the
Sunbelt and Midwestern markets from Florida to California. Upon
completion of three properties under development, the Company's
portfolio will increase to 53,122 apartment homes in 148 properties.
    For additional information, please contact Camden's Investor
Relations Department at 1-800-9Camden or 713/354-2787 or access our
website at http://www.camdenliving.com.

    CONTACT: Camden Property Trust, Houston
             Kim Callahan, 800-922-6336 or 713-354-2787