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Exhibit 99.4
[SECURITIES AND EXCHANGE COMMISSION LETTERHEAD]
September 11, 2000
Elliot Press
Rosenman & Colin LLP
575 Madison Avenue
New York, New York 10022
Re: Shelbourne Properties I, Inc.
Shelbourne Properties II, Inc.
Shelbourne Properties III, Inc.
Incoming letter dated September 6, 2000
Dear Mr. Press:
This letter is to inform you that your written request for a continuing
hardship exemption, as provided in Rule 202 of Regulation S-T, has been
|X| Granted [ ] Denied
for the "Real Property Appraisals" exhibit to Form S-4 Amendment #3. Please
include the following notation at the top of your document, "In accordance with
Rule 202 of Regulation S-T, this (specify document) is being filed in paper
pursuant to a continuing hardship exemption" and also include a copy of this
letter.
Sincerely,
/s/ S. Pilkerton
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for Herbert D. Scholl
Office of EDGAR and
Information Analysis
