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Chastain Capital Corporation
3424 Peachtree Road, N.E., Suite 800, Atlanta, GA 30326 * (404) 848-8600

The company is a real estate investment trust, (REIT). The company will invest in commercial and multifamily mortgage and real estate related assets sourced, managed and actively serviced through ERE Yarmouth, the manager of the assets.

Primary Underwriting Group
ManagerTierPhone
Friedman, Billings, Ramsey & Co., Inc.Lead Manager (703) 312-9571
Everen Securities, Inc.Co-manager (312) 574-6859

Offering Information
NASNTL:CHAS Financial: SIC 6798
Type of Shares:Common Shares Filing Date:12/18/97
U.S. Shares:7,380,000 Offer Date:4/22/98
Non-U.S. Shares:0 Filing Price:$15.00
Primary Shares:7,380,000 Offer Price:$15.00
Secondary Shares:0 Gross Spread:$1.05
Offering Amount: $110,700,000 Selling:$0.63
Expenses:$750,000 Reallowance:$0.10
Post-IPO Shares: -

Legal Counsel, Auditor and Registrar
Issuer's Law Firm: King & Spalding
Bank's Law Firm: Hunton & Williams
Auditor: Deloitte & Touche

Use of Proceeds
The proceeds from the proposed offering will be used to originate or acquire mortgage loans subordinated interests, opportunistic real properties, mezzanine investments and other real estate related assets.

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