1660 Camden Mag.indd - Camden Property Trust

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departmental news Human Resources Start Now and Save for Your Future Don’t fool yourself into thinking you can’t save for your future. The fact is, the Camden 401(k) Savings Plan helps make it easy, convenient, and affordable to accumulate the money you need for retirement. Having trouble getting started? Here are some facts that can help you overcome two of the most common excuses. Excuse #1: I don’t understand investing. You don’t need to be an expert to save for your future, you just need to know a few fundamentals. Fidelity and Camden can provide the guidance, education, tools and ongoing support you need to become comfortable with investing. Excuse #2: I have plenty of time. Being young is the perfect reason to start saving, and not to put it off. Thanks to the potential of compounded earnings, the money you save can multiply many times over in the years between now and retirement. In fact, if you start saving early in the 401(k) Plan and then stop, you could actually accumulate more for retirement than a coworker who starts later, saves longer, and puts more money in. A tale of two savers By starting early, you could potentially generate a bigger balance at retirement, while investing less along the way. Starting Ending Total Years Potential Value at Age Age Contributed Contributed Age 65 Tracy 21 30 $10,000 10 $214,189 Rob 35 64 $30,000 30 $122,346 In the example, it assumes $1,000 pretax annual contributions to a tax-deferred plan for the years indicated above and an 8% annual rate of return compounded annually. While Tracy and Rob stopped contributing to the plan at the ages shown, assets remained invested in the plan until age 65. Best Practices to consider: The impact of an early start to saving. Contribute as much as you can. Invest more in your plan and pay less in taxes. Don’t miss out on the Camden matching contributions to your account. For more information about the Camden 401(k) Plan contact Human Resources at 713-354-2524 or 713-354-2636. 10 Living It Up Volume 2, Issue 2 Next ESPP Enrollment Begins in December Remember, the Employee Share Purchase Plan (ESPP) enrollment for the next purchase period will be in December 2006. Look for email reminders and payroll stuffers for more information about the enrollment dates. ESPP Trivia Did you know the June 2006 ESPP enrollment was the largest in Camden’s history? Three hundred people contributed $1.3M by purchasing approximately 26,000 shares. The employee price with the 15% discount was $49.64 for this period. Recent growth in Camden’s stock price has created a tremendous value for Camden employees who participate in the ESPP. Since January 2006, Camden’s stock price has increased from $58 - 75. In some cases, there has been approximately 50% increase in value. As with any investment, the value may fl uctuate, but the ESPP remains one of the best investments. In saving for your future, consider participating in both the ESPP and the 401(K) as part of a balanced strategy. If you participate in any of Camden’s stock programs you may view your information on line at www.ubs.com/onesource/cpt. If you have any questions, please contact Blake Beyer, Employee Investor Relations Coordinator, at 713-354-2629. Camden Provides an Accounting & Auditing Ethics Hotline Camden provides a simple, anonymous way for individuals to confi dentially report activities that may involve improper conduct related to fi nancial activities or violations of Camden’s fi nancial-related policies. Our goal is to provide an easy reporting method so these issues can be quickly identifi ed and corrected. We encourage you to use the hotline to share concerns about potentially improper conduct in the following areas: 1. Accounting and auditing matters, such as misstatement of revenues or expenses 2. Falsifi cation of contracts, reports or records 3. Improper supplier or contract activity, such as contractor selection based on personal gain 4. Securities violations, such as insider trading 5. Theft Issues can be reported anonymously by telephone or by website, and our hotline is open 24 hours a day, seven days a week. Camden considers all concerns regarding accounting and auditing ethics very important. Your input is essential to ensuring that Camden continues to maintain the highest ethical standards. Toll-free telephone number: 1-800-963-5834 Website: www.ethicspoint.com
Nominate an Outstanding Camden Co-Worker Today Take me to your leader—or nominate one who truly leads by example. The next ACE Awards ceremony is just around the corner. The next time you see someone who exemplifi es Camden’s values, simply fi ll out a nomination form and send it in. To locate the form, just follow our lead – go to Outlook, click on the Camden Forms folder, the ACE folder, and then write away. Fed Ex Passkey Saves Money The all-company roll out of Fed Ex Passkey is now complete. All Camden offi ces and communities can now process package shipments on-line using Fed-ex.com. Company-wide use of the Fed Ex Passkey system for shipping and tracking packages saves the company money through volume discounts, provides an effi cient means of coding and tracking packages, and even reduces time spent processing invoices. “I really like the global address book in the Fed Ex Passkey system,” said Martina Hulse, Human Resources Project Coordinator. “Every Camden address is listed there making it convenient to process a shipment online.” Fed Ex invoices and coded spreadsheets are available for review on public folders. Remember to process shipments online using the Fed Ex Passkey system and to discard all paper shipping labels. “Using the Fed Ex Passkey system allows us to print out a manifest every morning so that we are prepared for the day’s shipments and we don’t have to hand-write every tracking number,” said Philip Malone, Offi ce Services Clerk. “Last Friday we received 150 packages from Fed Ex alone.” Please contact Kathy Cade, HR Project Manager, 713-354-2699 or Cesar Velazquez, Office Services Coordinator, 713-354-2824 for assistance. Risk Management The Risk Management Department at Camden is growing! Earlier this year, Shawn Cox joined us as the new Director of Risk Management. Shawn focuses on recovery under the ongoing construction defect litigation and the related insurance claims (where his previous experience as an insurance defense attorney and architect are very helpful). Additionally, he is also taking on the complex task of placing our annual insurance program. His offbeat sense of humor often enlivens these tasks. In September, Beverly Garza joined Camden and will be supporting Risk Management and Internal Audit. Prior to Camden, she worked as a legal secretary at a law fi rm. We are excited that she chose us, and look forward to being more organized and effi cient than we ever dreamed. She certainly helped our table at the Management Conference and we welcome her to the team. Of course Amy Nicolai is still in the department as well. Now that the department has grown, she can focus more time on her favorite subjects: claims and reporting! Community and District Managers can look forward to getting more information about claims trends on their properties. Some things in the Risk Management development pipeline include a Safety Committee, a revised and updated Safety Manual, and a Risk Management dashboard on OWL. For Risk Management questions, please call Shawn Cox at 713-354-2883, Amy Nicolai at 713-354-2564 and Beverly Garza at 713-354-3846. Information Technology Movers and Shakers in the Information Technology Department The Information Technology department proudly welcomes two new team members: Victor Meighan as the new Technical Support Specialist in the Mid-Atlantic Regional Offi ce and Kate Carruth as the Security Administrator. Victor will be responsible for community and regional desktop support and Kate will manage system user IDs and other securityrelated tasks. Margaret Middlehede, Information Technology’s former Security Administrator, is now a Server/Network Administrator. She has accepted the challenge of working in the data center with other IT team members. David Henry was recently promoted to Director, Voice & Wiring Technology. David has been with Camden for over 3 years and has played a major part in the creation and support of wiring and voice needs for Camden. As the year draws to a close, remember the 2007 IT calendar to begin scheduling next year’s events. And, be sure and watch for the OWL – it will be fl ying your way soon! Volume 2, Issue 2 Living It Up 11
Page 1 and 2: LivingitUP LEADING BY EXAMPLE Livin
Page 3 and 4: inside camden Born Leaders Yolanda
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Page 7 and 8: Business Services What a busy summe
Page 9: Lease-up Parties The team from Camd
Page 13 and 14: philanthropic and community events
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