Company Press Release: Crescent Real Estate Equities Company
July 17, 2000
FORT WORTH, TX -- Crescent Real Estate Equities Company (NYSE: CEI) Friday announced that its Board of Trust Managers
has declared cash dividends of $0.55 per share for the Company's Common Shares and $0.422 per share for the Company's
6 3/4% Series A Convertible Preferred Shares for the quarter ended June 30, 2000. The dividends are equivalent
to annualized dividends of $2.20 per share and $1.69 per share for common and preferred, respectively. The dividends
are both payable August 15, 2000, to shareholders of record on July 31, 2000.
About the Company
Crescent, one of the country's largest real estate investment trusts, owns and manages a diversified portfolio
consisting of Class A office properties, hotels and destination fitness resorts, residential land developments,
and temperature-controlled logistics facilities. Our mission is to maximize value to our shareholders by distinguishing
ourselves as the undisputed leader in each of our businesses through customer service and asset quality, and by
executing a disciplined real estate investment and operating strategy that focuses on market leadership, innovative
growth opportunities, and outstanding customer, employee and partner alliances. For additional information on Crescent,
please visit our web site at www.cei-crescent.com .
For more information: Investors, Jerry R. Crenshaw, Senior Vice President and Chief Financial Officer, 817-321-1492,
Keira B. Moody, Vice President, Investor Relations, 817-321-1412, or Media, Sandra Porter, Director of Public Relations,
817-321-1460.
SOURCE: Crescent Real Estate Equities Company