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Company Press Release

Asset Investors Corporation and Commercial Assets, Inc. Announce Conference Call for Merger

DENVER, Sept. 3 /PRNewswire/ -- Asset Investors Corporation (NYSE: AIC - news) and Commercial Assets, Inc. (Amex: CAX - news) today announced that a conference call regarding the proposed merger of AIC and CAX will be conducted on Wednesday, September 8, 1999, at 1:00 p.m. Eastern Time. You can participate in the conference call by dialing (800) 818-9097 approximately five minutes before the conference call is scheduled to begin and indicating that you wish to join call #X500, the AIC and CAX Merger conference call. If you are unable to participate at the scheduled time, this information will be available for recorded playback from 3:00 p.m. ET on September 8, 1999 through 11:59 p.m. ET on September 10, 1999 by calling (888) 567-0669.

SOURCE: Asset Investors Corporation; Commercial Assets, Inc.