Corporate Profile for Crescent Real Estate Equities Company, dated July 20, 2001

Business Wire, July 27, 2001

Business Editors

--(BUSINESS WIRE)

The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and online services, including all of the leading Internet-based services. -0-

Published Date:   July 20, 2001

Company Name:     Crescent Real Estate Equities Company

Address:          777 Main Street, Ste 2100
                  Fort Worth, TX 76102 USA

Main Telephone
 Number:          817/321-2100

Internet Home
 Page Address
  (URL)           www.cei-crescent.com

Chief Executive
 Officer:         John C. Goff

Chief Financial
 Officer:         Jerry R. Crenshaw

Investor Relations
 Contact:         Keira B. Moody
 Business number: 817/321-1412
 E-mail address:  kmoody@cei-crescent.com

Public Relations
 Contact:         Sandra Porter
 Business number: 817/321-1460
 E-mail address:  sporter@cei-crescent.com

Industry:         Real Estate/REIT

Trading Symbol/
 Exchange:        CEI/NYSE

Company description: Crescent Real Estate Equities Company, one of the country's largest real estate investment trusts, owns and manages, through its subsidiaries, a diversified portfolio primarily consisting of Class A office properties, destination resorts, and upscale 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. Crescent will accomplish these goals by providing exceptional 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.

Stock highs and lows Year 2000 Year 1999 High Low High Low 23.4376 15.75 25.50 15.125