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

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Date of report (Date of earliest event reported): ~~December~~January 2221, ~~2004~~2005

SUMMIT PROPERTIES PARTNERSHIP, L.P.

(Exact name of Registrant as specified in its charter)


Delaware	000-22411	56-1857809
(State or other jurisdiction of	(Commission	(I.R.S. Employer
incorporation or organization)	file number)	Identification No.)

309 E. Morehead Street, Suite 200
Charlotte, North Carolina		28202
(Address of principal executive offices)		(Zip code)

(704) 334-3000

(Registrant’s telephone number, including area code)

N/A

(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:

[X] 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~~Item 71.01 Entry ~~REGULATION~~into FDa ~~DISCLOSURE~~Material Definitive Agreement.

OnSummit ~~December~~Properties ~~22,~~Inc. ~~2004~~(“Summit”), weCamden ~~notified~~Property ~~the~~Trust ~~holder~~(“Camden”), ofCamden ~~our~~Summit, 8Inc.~~75%~~, ~~Series~~a Cwholly ~~Cumulative~~owned ~~Redeemable~~subsidiary ~~Perpetual~~of ~~Preferred~~Camden ~~Units~~ (~~the~~ “~~Units~~Camden Summit”), ~~that~~entered weinto ~~intend~~Amendment toNo. ~~redeem~~2 ~~all~~to ofAgreement ~~the~~and ~~outstanding~~Plan ~~Units~~of onMerger, ordated ~~about~~as of January 2124, 2005 (the “~~Redemption Date~~Amendment”)., ~~The~~in ~~redemption~~order ~~price~~to ~~will~~amend beand ~~$25.00~~restate ~~per~~Section ~~Unit~~2.7(a) ~~plus~~of ~~all~~the ~~accrued~~Agreement and ~~unpaid~~Plan ~~distributions~~of ~~due~~Merger, dated as of ~~the~~October ~~Redemption~~4, ~~Date.~~2004, ~~Distributions~~among onSummit, Camden and Camden Summit, which Section relates to the ~~Units~~treatment ~~will~~of ~~cease~~outstanding options to ~~accrue~~purchase shares of Summit common stock at the effective time of the merger of Summit with and into Camden Summit. Summit is the ~~Units~~sole ~~will~~general nopartner ~~longer~~of beSummit ~~deemed~~Properties ~~outstanding~~Partnership, ~~for~~L.P. ~~any~~(the ~~purpose~~“Operating ~~from~~Partnership,” and ~~after~~together ~~the~~with ~~Redemption~~Summit, ~~Date~~referred to as “we” in this Form 8-K).

InFor ~~connection~~additional ~~with the issuance of the Units in September 1999~~information, wereference ~~incurred~~is ~~$1.5~~made ~~million~~to ~~in issuance costs and, as prescribed by generally accepted accounting principles at~~ the ~~time~~Amendment, ~~recorded~~which ~~such~~is ~~costs~~attached hereto as ~~a reduction to the basis of the Units~~Exhibit 2.1 Asand ais ~~result~~incorporated ofherein ~~the~~by ~~redemption, the $1~~reference.5 ~~million~~The ~~excess~~foregoing ofdescription ~~the~~is ~~redemption~~qualified ~~amount~~in ~~over~~its ~~the~~entirety ~~carrying~~by ~~amount~~reference ~~of the Units will reduce net earnings available~~ to ~~common unitholders in accordance with current generally accepted accounting principles and funds from operations during~~ the ~~first~~Amendment ~~quarter~~attached ofhereto ~~2005~~as Exhibit 2.1.

2Item 7.01 Regulation FD Disclosure

On January 21, 2005, the Operating Partnership redeemed all of its 8.75% Series C Cumulative Redeemable Perpetual Preferred Units (the “Units”) at a redemption price of $25.00 per Unit plus all accrued and unpaid distributions due as of the redemption date.

In connection with the issuance of the Units in September 1999, we incurred $1.5 million in issuance costs and, as prescribed by generally accepted accounting principles at the time, recorded such costs as a reduction to the basis of the Units. As a result of the redemption, the $1.5 million excess of the redemption amount over the carrying amount of the Units will reduce net income in accordance with current generally accepted accounting principles and funds from operations during the first quarter of 2005.

Item 9.01 Financial Statements and Exhibits.

(c)	Exhibits.

Exhibit
Number	Title

2.1	Amendment No. 2 to Agreement and Plan of Merger, dated as of January 24, 2005, by and among Summit Properties Inc., Camden Property Trust and Camden Summit, Inc. (incorporated herein by reference to Exhibit 2.1 to the Current Report on Form 8-K of Summit Properties Inc. filed on January 24, 2005, File No. 001-12792).

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 thereunto duly authorized.

	SUMMIT PROPERTIES PARTNERSHIP, L.P.
	SUMMIT PROPERTIES PARTNERSHIP, L.P..
	By: Summit Properties Inc., its general partner
December 22, 2004	By: /S/ Steven R. LeBlanc
January 24, 2005	By: /S/ Steven R. LeBlanc
	Steven R. LeBlanc
	President and Chief Executive Officer

3EXHIBIT INDEX

(c)	Exhibits.

Exhibit
Number	Title

2.1	Amendment No. 2 to Agreement and Plan of Merger, dated as of January 24, 2005, by and among Summit Properties Inc., Camden Property Trust and Camden Summit, Inc. (incorporated herein by reference to Exhibit 2.1 to the Current Report on Form 8-K of Summit Properties Inc. filed on January 24, 2005, File No. 001-12792).

Filing Compare · Camden Summit Partnership, L.P.