EXHIBIT 99.6
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FOR IMMEDIATE RELEASE
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JMB INCOME PROPERTIES, LTD. -V ANNOUNCES THAT
A NON-BINDING OFFER TO PURCHASE THE REMAINING
INVESTMENT PROPERTIES OF THE PARTNERSHIP
(OWNED THROUGH A JOINT VENTURE) HAS BEEN WITHDRAWN.
JUNE 14, 2000 -- JMB INCOME PROPERTIES, LTD. -V (the "Partnership"),
a limited partnership sponsored by JMB Realty Corporation, announced today
that a potential purchaser (reported in a May 22, 2000 letter from the
Partnership to its Investors in connection with a tender offer commenced by
certain affiliates of MacKenzie Patterson, Inc. to purchase approximately
40% of the interests in the Partnership) has withdrawn its non-binding
offer to purchase the 301 North Main Building and the Phillips Building,
located in Winston-Salem, North Carolina, which are the two remaining
investment properties of the Partnership (owned through a joint venture).
The joint venture continues to solicit offers from other prospective
purchasers of the buildings.
