AMERICA FIRST REAL ESTATE INVESTMENT PARTNERS L P
DEFA14A, 2000-02-18
OPERATORS OF APARTMENT BUILDINGS
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PRESS RELEASE                                              FOR IMMEDIATE RELEASE

FEBRUARY 18, 2000                                    NEW YORK METRO DISTRIBUTION

CONTRACT:  Maurice E. Cox, Jr.                        SYMBOL:        NON-TRADING
           402/444-1630                                     LIMITED PARTNERSHIPS


          CAPITAL SOURCE FUNDS ANNOUNCE CONSENT SOLICITATION EXTENSION

(Omaha,  NE) The general  partners of Capital  Source L.P. and Capital Source II
L.P.-A announced today that they have extended the current Consent  Solicitation
until March 24, 2000.  Holders of record as of October 28, 1999, are eligible to
participate in the consent  Solicitation.  During the extended  period,  limited
partners will be permitted to change their consents, if they desire. The general
partners  are  developing  procedures  to  allow  such  changes,  which  will be
announced shortly.

The general  partners are asking the limited partners to approve a merger of the
two Capital Source Funds into a new limited partnership,  which will have as its
long-term  objective  increased  income  through the  acquisition  of additional
multifamily residential  properties.  Approval of the proposed merger would also
provide limited partners with liquidity,  as units of the new Fund will trade on
the NASDAQ.


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