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CONTACT: River Oaks Partnership Services, Inc.
(888) 349-2005 (toll free)
FOR IMMEDIATE RELEASE
DENVER, COLORADO, September 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 Thursday,
September 28, 2000. The Offers were previously scheduled to expire at 5:00 p.m.,
New York time, September 20, 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 September 19, 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 Opportunity Properties Ltd. $ 368.00 209.00
Angeles Partners IX 352.00 285.00
Angeles Partners X 134.00 310.00
Angeles Partners XIV 0.55 949.00
Century Properties Fund XVIII 95.00 1,071.00
Century Properties Growth Fund XXII 526.00 2,104.00
Consolidated Capital Institutional Properties 421.00 1,688.00
Consolidated Capital Institutional Properties/2 31.00 12,156.00
Davidson Diversified Real Estate I, L.P. 3,305.00 18.10
Davidson Diversified Real Estate III, L.P. 1,975.00 31.25
Davidson Growth Plus, L.P. 486.00 601.00
Fox Strategic Housing Income Partners 198.00 300.00
Multi-Benefit Realty Fund '87-1 -A Investors 62.00 627.00
Multi-Benefit Realty Fund '87-1 -B Investors 16.00 625.00
National Property Investors 4 271.00 409.00
National Property Investors 5 70.00 1,001.00
National Property Investors 6 192.00 965.00
National Property Investors 7 242.80 557.33
National Property Investors 8 153.00 207.00
Shelter Properties I Limited Partnership 835.00 161.00
Shelter Properties II Limited Partnership 588.00 833.00
Shelter Properties III Limited Partnership 264.00 1,378.00
Shelter Properties V Limited Partnership 576.00 227.00
Shelter Properties VII Limited Partnership 597.00 733.00
</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.
