Company Press Release
January 11, 2000
FORT WORTH, TX -- Crescent Real Estate Equities Company (NYSE:CEI) yesterday announced that its Board of Trust
Managers has declared a cash dividend on the Company's Series A Convertible Preferred Shares of $.422 per share
for the quarter ending December 31, 1999.
The dividend is equivalent to an annualized dividend of $1.69 per share. The dividend is payable February 15, 2000,
to shareholders of record on January 28, 2000.
Crescent, one of the country's largest real estate investment trusts, owns and manages a diversified portfolio
consisting of Class A office and retail properties, hotels and destination fitness resorts, residential land developments,
temperature controlled logistic (refrigerated storage) properties and behavioral healthcare facilities. Our mission
is to maximize value to our shareholders by: i) distinguishing ourselves as the undisputed leader in each of our
businesses through customer service and asset quality; and ii) executing a disciplined real estate investment and
operating strategy that focuses on market leadership, innovative growth opportunities, and outstanding employee
and partner alliances.
For further information, please contact Jerry R. Crenshaw, Senior Vice President and Chief Financial Officer, Crescent
Real Estate Equities Company at 817/321-1492. Crescent is also online at www.cei-crescent.com.
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Contact:
Crescent Real Estate Equities Company, Fort Worth
Jerry R. Crenshaw, 817/321-1492