Exhibit 99.1 CAMDEN PROPERTY TRUST FORM OF PROXY FOR SPECIAL MEETING IN LIEU OF ANNUAL MEETING TO BE HELD ON APRIL 8, 1998 This proxy is solicited on behalf of the Board of Trust Managers. The undersigned hereby appoints Richard J. Campo, D. Keith Oden and G. Steven Dawson, or any of them, proxies of the undersigned, with full powers of substitution, to vote all of the common shares of beneficial interest of Camden Property Trust that the undersigned is entitled to vote at the Special Meeting in Lieu of Annual Meeting to be held on April 8, 1998 and at any adjournment thereof, and authorizes and instructs said proxies to vote as set forth on the reverse side. THE BOARD OF TRUST MANAGERS RECOMMENDS A VOTE FOR ALL NOMINEES LISTED IN PROPOSAL 2 AND FOR PROPOSALS 1, 3 AND 4. IMPORTANT - This proxy must be signed and dated on the reverse side. PLEASE MARK, SIGN, DATE AND RETURN THE PROXY CARD PROMPTLY USING THE ENCLOSED ENVELOPE. PLEASE MARK VOTE IN BOX IN THE FOLLOWING MANNER USING DARK INK ONLY. 1. Approval of the merger of FOR AGAINST ABSTAIN Oasis Residential, Inc. with [_] [_] [_] and into Camden Subsidiary II, Inc. pursuant to the Agreement and Plan of Merger, dated December 16, 1998, by and among Camden Property Trust, Camden Subsidiary II, Inc. and Oasis Residential, Inc., as amended 2. Election of Trust Managers FOR WITHHOLD Nominees: Instruction: To withhold [_] AUTHORITY Richard J. Campo authority to vote for any FOR ALL William R. Cooper individual nominee, write in NOMINEES George A. Hrdlicka that nominee's name on the [_] Lewis A. Levey lines below D. Keith Oden F. Gardner Parker ---------------------------- Steven A. Webster ---------------------------- ---------------------------- ---------------------------- ---------------------------- 3. Approval of the FOR AGAINST ABSTAIN appointment of Deloitte & [_] [_] [_] Touche LLP as independent auditors 4. The postponement or FOR AGAINST ABSTAIN adjournment of the meeting [_] [_] [_] for solicitation of additional votes, if necessary to approve proposals 1, 2 or 3 In their discretion, the proxies are authorized to vote upon such other business as may properly come before the Special Meeting or any adjournment or postponement thereof. - -------------------------------------------------------------------------------- This proxy when properly executed will be voted in the manner directed herein by the undersigned shareholder. If no direction is made, this proxy will be voted FOR all nominees listed in Proposal 2 and FOR Proposals 1, 3 and 4. -------------------------------- Signature Dated: _____________________, 1998 NOTE: Please sign name exactly as it appears on the stock certificate. Only one of several joint owners need to sign. Fiduciaries should give full title.