Press Release
October 16, 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 September 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 November 15, 2000, to shareholders of record on October 31, 2000.
ABOUT THE COMPANY
Crescent, one of the country's largest real estate investment trusts, through its affiliates, owns and manages
a diversified portfolio consisting of Class A office properties, business-class hotels, luxury resorts and spas,
and residential developments. Its mission is to expand the dimensions of business to its customers and maximize
value to its shareholders by distinguishing itself as the undisputed leader in each of its businesses. This will
be accomplished through Crescent's premium 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.
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Contact:
Crescent Real Estate Equities Company, Fort Worth
Investors:
Jerry R. Crenshaw, 817/321-1492
or
Keira B. Moody, 817/321-1412
or
Media:
Sandra Porter, 817/321-1460