2004 1993 IPO $860 million $452 million $1.2 billion $1.7 billion $200 million to $4.0 billion increased our total market capitalization from diversified by completing 2 highly successful mergers:  Paragon Group in 1997 and Oasis Residential in 1998 for developed more than 13,000 Camden flagship apartment homes for nearly carefully selected acquisitions of over 12,000 apartment homes totaling pruned the portfolio of older, non-strategic assets totaling over