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CONTACT: River Oaks Partnership Services, Inc.
(888) 349-2005 (toll free)
FOR IMMEDIATE RELEASE
DENVER, COLORADO, August 21, 2000--As previously announced,
AIMCO Properties, L.P. is tendering for any and all units of limited partnership
interest in the partnerships set forth below, subject to the terms of the
respective Offers to Purchase (the "Offers"). AIMCO Properties, L.P. has
extended the expiration date of each of the Offers. The expiration date for each
of the Offers has been extended to 5:00 p.m., New York time, on Monday,
September 15, 2000. The offer was previously scheduled to expire at 5:00 p.m.,
on Monday, August 21, 2000.
AIMCO Properties, L.P. has reported, based on information
provided by the Information Agent for the Offer, that as of the close of
business on August 18, 2000, the approximate number of units set forth below had
been tendered pursuant to each of the Offers.
<TABLE>
<CAPTION>
PURCHASE PRICE NUMBER OF
NAME OF PARTNERSHIP PER UNIT UNITS TENDERED
------------------- -------------- --------------
<S> <C> <C>
Angeles Income Properties, Ltd. II $ 165.00 923
Angeles Partners XI 334.00 568
Angeles Partners XII 804.00 811
Century Properties Fund XVII 309.00 132
Consolidated Capital Institutional Properties 3 106.00 4,491.20
Davidson Diversified Real Estate II 4,288.00 11.75
Davidson Income Real Estate LP 409.00 262.50
Johnstown/Consolidated Income Partnership 29.00 0
Shelter Properties IV Limited Partnership 574.10 463
Shelter Properties VI Limited Partnership 531.00 761
</TABLE>
For further information, please contact River Oaks Partnership
Services, Inc. at (888) 349-2005 (toll free), which is acting as the Information
Agent for the Offers.
