IPO Company Profile
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Clarion Commercial Holdings, Inc.
335 Madison Avenue, New York, NY 10017 * (212) 883-2500

The company is a real estate investment trust, (REIT). The company�s objective will be to build a diverse portfolio of commercial real estate investments in order to provide a high rate of return to its stockholders.

Primary Underwriting Group
ManagerTierPhone
Bear, Stearns & Co. Inc.Lead Manager (212) 272-4850
Lehman Brothers IncorporatedCo-manager (212) 526-8100

Offering Information
NYSE:CLR Financial: SIC 6798
Type of Shares:Class A Common Shares Filing Date:3/13/98
U.S. Shares:4,000,000 Offer Date:5/28/98
Non-U.S. Shares:0 Filing Range:$18.00 - $20.00
Primary Shares:4,000,000 Offer Price:$20.00
Secondary Shares:0 Gross Spread:$1.33
Offering Amount: $76,000,000 Selling:$0.80
Expenses: - Reallowance:$0.10
Post-IPO Shares:6,175,750

Legal Counsel, Auditor and Registrar
Issuer's Law Firm: Shearman & Sterling
Bank's Law Firm: Stroock & Stroock & Lavan

Use of Proceeds
The proceeds from the proposed offering will be used to purchase the initial investments.

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