SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934
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[ ] Preliminary Proxy Statement
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14a-6(e)(2))
[ ] Definitive Proxy Statement [ ] Definitive Additional Materials
[X] Soliciting Material Pursuant to ss. 240.14a-11(c) or ss. 240.14a-12
............................Real Estate Associates Limited.....................
(Name of registrant as specified in its charter)
...............................................................................
(Name of person(s) filing proxy statement if other than the registrant)
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1) Title of each class of securities to which transaction applies:
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2) Aggregate number of securities to which transaction applies:
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3) Per unit price or other underlying value of transaction computed
pursuant to Exchange Act Rule 0-11 (Set forth the amount on which
the filing fee is calculated and state how it was determined):
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758963.1
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NATIONAL PARTNERSHIP INVESTMENTS CORP.
9090 WILSHIRE BOULEVARD, #201
BEVERLY HILLS, CA 90211
September 18, 1998
Dear Unitholder:
On the reverse side you will find a copy of a recently-issued press release from
National Partnership Investments Corp. As you will note, the consent
solicitation period regarding the sale of properties in several limited
partnerships, originally scheduled to expire September 10, 1998, has been
extended until October 9, 1998 to provide sufficient time to allow more
Unitholders to vote.
In the next few days you will be receiving further information specific to the
partnership in which you are a unitholder. In the meantime, for your
convenience, we have enclosed a duplicate consent card. To be sure your vote is
represented, please sign, date and return this card as promptly as possible. The
proposed sale is fully described in the previously provided Consent Solicitation
Statement.
PLEASE RETURN YOUR SIGNED CONSENT FORM EITHER BY FACSIMILE TO 303-705-6171, OR
IN THE ENCLOSED ENVELOPE BEFORE OCTOBER 9, 1998.
Remember - your vote is important. Because approval of the sale requires the
affirmative vote of a majority-in-interest of the outstanding units of limited
partnership interest, failure to vote will have the same effect as a vote
against the sale.
If you have any questions, or if you would like to request an additional copy of
the Consent Solicitation Statement, please do not hesitate to contact MacKenzie
Partners, the Partnerships' consent solicitation agent, toll free at
800-322-2885 or collect at 212-929-5500.
Very truly yours,
National Partnership Investments Corp.
759064.1
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FOR IMMEDIATE RELEASE
Contact:
Pat Toy
National Partnership Investments
(800) 666-6274
Ellen A. Gulczynski
MacKenzie Partners, Inc.
(212) 929-5500
NATIONAL PARTNERSHIP INVESTMENTS CORP. EXTENDS
CONSENT SOLICITATION PERIOD FOR REAL ESTATE
ASSOCIATES LIMITED AND OTHER LIMITED PARTNERSHIPS
Beverly Hills, California - September 10, 1998 - National Partnership
Investments Corp. (NAPICO), the California-based managing general partner of
certain real estate limited partnerships, announced today the extension of eight
consent solicitation periods regarding the sale of properties held in the
following real estate limited partnerships:
Real Estate Associates Limited
Real Estate Associates Limited II
Real Estate Associates Limited III
Real Estate Associates Limited IV
Real Estate Associates Limited V
Real Estate Associates Limited VI
Real Estate Associates Limited VII
Housing Programs Limited
The consent solicitation periods scheduled to expire at 5:00 p.m., New York City
Time on Thursday, September 10, 1998, have been extended to 5:00 p.m. New York
City Time on Friday, October 9, 1998. The purpose of the extension is to ensure
that all of the limited partners have adequate time to respond to the consent
materials.
# # #
759073.1
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