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Strategies & Market Trends : Crescent Real Estate Eq (CEI) -- Ignore unavailable to you. Want to Upgrade?

To: Richard Barron who wrote (3)	12/11/1997 4:22:00 AM
From: Johndee	Respond to of 27

Richard, I work at Circus Circus, and just yesterday became aware of CEI as I read where They're(CIR) looking for a Reit to purchase Their three main properties for reasons that I'd rather not get into now or on this thread. Also named were EOP and VNO. I have no idea which if any it will be. I like the looks of this one including the dividend. I'm going to try and find out all I can, but would appreciate any help I can get and in turn will offer any news that I hear. I hope this thread will stay alive and we all prosper through it. Thanks John

To: Richard Barron who wrote (3)	1/14/1998 4:21:00 PM
From: shoe	Read Replies (1) \| Respond to of 27

Hi Richard and others: I have been looking at CEI lately at 37-38. Do you think it's still too expensive? Quoting from a 1/3/98 S&P stock report: "At about 14X estimated 1988 funds from operations per share of $2.60, the stock is trading just under one-half its projected 1998 growth rate." However, the midpoint between 52-week high and low is approx. 33. What do you think? EOP, an equally good REIT, is trading at 30 today, off it's high of 34.68 and right at midpoint. My presumption is that either of these is preferable to BTR (Bradley Real Estate) which owns grocery store-anchored shopping centers in the midwest. Thnx.