Asset Investors Corp. reports sale of CMO ownership interests.

DENVER--(BUSINESS WIRE)--Nov. 9, 1995--Asset Investors Corp. (NYSE:AIC) announced that the company sold 23 CMO Ownership Interests for $4,800,000.

The sale resulted in a one-time gain of approximately $2,600,000 which will be included in the company s fourth quarter 1995 income.

Spencer I. Browne, President and Chief Executive Officer, stated, "This transaction is significant because it substantially eliminates Asset Investors ownership of derivative assets and allows the company to continue to focus on its core business of acquiring and managing high-yield bonds backed by home mortgage loans."

"The sale also will allow the company to continue to expand its asset base. Using the sale proceeds along with the cash flow from operations the company expects to receive in the fourth quarter 1995 will enable the company to acquire an additional $6,000,000 in high- yield bonds backed by mortgage loans," added Browne. "To date our new business strategy has produced superior returns. Continuing to grow the company should allow us to further enhance shareowner value."

Asset Investors Corp. is a real estate investment trust (REIT) that generates income from its ownership interests in residential mortgage loan securitizations and from its ownership of shares of Commercial Assets, Inc. (ASE:CAX).

For Additional Information on Asset Investors Corp. by Fax at No Cost, Dial 1-800-PRO-INFO, Code #016.

CONTACT: Asset Investors Corp., Denver

Spencer I. Browne, 303/793-2703 (Financial)

Financial Relations Board, Chicago

Athan Demakos, 312/266-7800 (General Information)

Claire Baldikoski, 312/266-7800 (Analyst)