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Camden Property Trust sells student housing community in Texas for $78M

Camden Property Trust sold Camden Miramar in Corpus Christi, Texas, for roughly $78 million.

In addition, the multifamily-focused residential real estate investment trust declared a first-quarter dividend of 77 cents per common share, a 2.7% increase over its prior quarterly payout.

The distribution will be paid April 17 to shareholders of record as of March 30.