CRIIMI MAE Hires Stephen M. Abelman as EVP - Asset Management

CRIIMI MAE Hires Stephen M. Abelman as EVP - Asset Management 


ROCKVILLE, Md., Oct. 29  /PRNewswire-FirstCall/ -- CRIIMI MAE Inc.  today
announced that Stephen M. Abelman has accepted the position of Executive Vice
President - Asset Management.

Mr. Abelman has over 15 years of experience in asset management, dispositions,
acquisitions, deal structuring, debt restructuring, principal equity
investments, and general management.  He will report directly to CRIIMI MAE's
President and COO, Mark R. Jarrell.

"We are very pleased that Steve has accepted the position as head of asset
management and special servicing.  He brings a wide range of real estate and
mortgage-backed securities experience to CRIIMI MAE.  Steve will make
significant contributions to the Company," said President and COO, Mark R.
Jarrell.

Mr. Abelman previously served with Archon Group, a wholly-owned subsidiary of
Goldman Sachs, from 1993 to 2003, most recently as Vice President responsible
for the asset management of real estate, real estate debt, and mezzanine and
preferred equity investments owned by Goldman and its Whitehall Street Funds. 
Mr. Abelman was also responsible for asset and portfolio projections and
performance, including investments in mortgage-backed securities and real
estate.  From 1997 to 2001, he managed Archon's $1 billion-plus northeast
portfolio, comprised primarily of real estate and non- performing loans from
Washington, D.C. through New England.  Mr. Abelman's responsibilities also
included sourcing, underwriting and acquiring real estate in the United States
and Mexico.  Prior to 1997, Mr. Abelman's experience included managing and
disposing of hotels, office buildings and other commercial real estate loans and
properties, and preparing and executing strategies designed to maximize
financial returns.

CRIIMI MAE Inc. is a commercial mortgage REIT based in Rockville, MD. CRIIMI MAE
holds a significant portfolio of commercial mortgage-related assets and performs
mortgage servicing functions for approximately $16 billion of commercial
mortgage loans.

For further information, shareholders and securities brokers should contact
CRIIMI MAE Inc at [phone], e-mail  and news media should contact James
Pastore, Pastore Communications Group LLC, at [phone], e-mail . 

DATASOURCE: CRIIMI MAE Inc.



CONTACT:  Shareholders and securities brokers: Susan B. Railey,

[phone]; or News media: James T. Pastore, [phone], both of

CRIIMI MAE Inc.



Web site:  http://www.criimimaeinc.com/

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