Exhibit (a)(3)
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September 13, 2000
TO: UNIT HOLDERS OF OXFORD RESIDENTIAL PROPERTIES I LIMITED PARTNERSHIP
SUBJECT: OFFER TO PURCHASE UNITS
Dear Unit Holder:
As described in the enclosed Offer to Purchase and related Letters of
Transmittal (the "Offer"), MP FALCON GROWTH FUND, LLC; MACKENZIE SPECIFIED
INCOME FUND, L.P.; MACKENZIE FUND VI, L.P.; ACCELERATED HIGH YIELD INSTITUTIONAL
INVESTORS, L.P.; ACCELERATED HIGH YIELD INSTITUTIONAL FUND, L.P.; MP VALUE FUND
7, LLC; MP VALUE FUND 5, LLC; MP SPECIAL FUND 5, LLC; and MP DEWAAY FUND, LLC
(collectively the "Purchasers") are offering to purchase up to 8,000 Units of
limited partnership interest (the "Units") in OXFORD RESIDENTIAL PROPERTIES I
LIMITED PARTNERSHIP, a Maryland limited partnership (the "Partnership") at a
purchase price equal to:
$650 per Unit
The Offer will provide you with an opportunity to liquidate all, or a
portion of, your investment in OXFORD RESIDENTIAL PROPERTIES I LIMITED
PARTNERSHIP without the usual transaction costs associated with market sales or
partnership transfer fees.
After carefully reading the enclosed Offer, if you elect to tender your
Units, mail (using the enclosed pre-addressed, postage paid envelope) or
telecopy a duly completed and executed copy of the Letter of Transmittal
(printed on green paper) and Change of Address forms, and any other documents
required by the Letter of Transmittal, to the Depositary for the Offer at:
MacKenzie Patterson, Inc.,
1640 School Street
Moraga, California 94556
Telecopy: (925) 631-9119
If you have any questions or need assistance, please call the
Depository at 800-854-8357.
This Offer expires (unless extended) October 25, 2000.
