Crescent Real Estate Equities Co., Fort Worth, Texas, has announced that it is reviewing its strategic options, although a special committee of its board of trust managers has rejected a recent offer to buy certain of its assets.The real estate investment trust said it does not expect to make any further announcements regarding the review until it has been completed or an announcement is required by federal law. Crescent also reported net income available to common stockholders of $1.3 million ($0.01 per share) for the third quarter, compared with $71.6 million ($0.71 per share) a year earlier.
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