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AIMCO
AIMCO PROPERTIES, L.P.
C/O RIVER OAKS PARTNERSHIP SERVICES, INC.
P.O. BOX 2065
S. HACKENSACK, NEW JERSEY 07606-2065
(888) 349-2005 OR (201) 896-1900
September 18, 2000
WE HAVE EXTENDED OUR OFFER
Dear Limited Partner:
We have extended the expiration date of our offer to purchase all
outstanding units in your partnership, Consolidated Capital Institutional
Properties, for $421.00 per unit, to 5:00 p.m., New York City time, on September
28, 2000. Our offer price will be reduced by the amount of distributions, if
any, made by your partnership in respect of any unit from August 10, 2000 until
the expiration date. Our offer is subject to the terms and conditions set forth
in our offer to purchase, dated August 10, 2000, all supplements thereto and the
letter of transmittal.
If you desire to accept our offer, you must complete and sign the enclosed
letter of transmittal in accordance with the instructions contained therein, and
forward or hand deliver the letter of transmittal, together with any other
required documents, to the Information Agent at one of the address set forth in
the Letter of Transmittal. If you have already tendered your units in accordance
with any prior letter of transmittal, you need not take any further action to
continue to tender your units.
We expressly reserve the right, in our reasonable discretion, at any time
and from time to time, to extend the period of time during which our offer is
open and thereby delay acceptance for payment of, and the payment for, any unit.
Notice of any such extension will promptly be disseminated to you in a manner
reasonably designed to inform you of such change. Further, any extension may be
followed by a press release or public announcement which will be issued no later
than 9:00 a.m., New York City time, on the next business day after the scheduled
expiration date of our offer, in accordance with Rule 14e-1(d) under the
Securities Exchange Act of 1934.
If you have any questions or need assistance in completing the Letter of
Transmittal, please contact our information agent, River Oaks Partnership
Services, Inc., toll free, at (888) 349-2005.
AIMCO Properties, L.P.
