Investors Buy into DMC

Crow Holdings sold a majority interest in the real estate of its Dallas Market Center (DMC), including the World Trade Center, the Dallas Trade Mart, the International Floral and Gift Center, and Market Hall to investment firm CNL Income Properties Inc. of Orlando, FL. The current management team will continue to manage the business under long term leases. At the same time, George Little Management will end its management of the Dallas temporary gift shows following the September 2005 event. GLM has run the shows since 1997. Dallas Market Center will launch new gift and home temporary shows beginning in January 2006, with DMC executive vice president Georgia Davis heading up the temporary shows' leasing and management teams. CNL, with more than $15 billion in assets, will invest $249 million in the partnership with Crow Holdings. "This real estate transaction provides a strong equity partner, and positively positions us for additional opportunities to create improved markets, trade events, and temporary shows," said Bill Winsor, DMC president and chief executive.