WINDSOR
Real Estate Investment Trust 8
6430 South Quebec Street
Englewood, CO 80111
YOUR VOTE TRULY COUNTS
PLEASE DON'T LET YOURSELF OR YOUR FELLOW SHAREHOLDERS DOWN
VOTE "FOR" TODAY!
October , 1998
RE: Windsor Real Estate Investment Trust 8 Proxy Vote
Dear Shareholder:
As you are aware from our last correspondence, the Board of
Trustees of Windsor Real Estate Investment Trust 8 is proposing
some exciting changes to REIT 8 which we believe will be
extremely beneficial to you, the shareholder. We received
your proxy card which was marked "abstain" and wanted to make
certain that you know this counts as a vote "against" the
proposals. Several shareholders we have contacted thought
they were remaining neutral by abstaining. Your vote will
count as an "against" vote if you fail to immediately send
a replacement proxy card.
We know our shareholders are pleased with the proposals
because currently an overwhelming majority of votes received
have been "for" the proposals. However, the proposals may
not pass because many shareholders have not sent in their
proxy cards or have marked "abstain", both of which count
as a "no" vote.
We urge you at this time to vote "for" all of the items
listed on the enclosed proxy card and covered within
the proxy statement previously mailed to you. Should
you wish for the vote to be made in accordance with our
recommendation, you can simply sign and date the proxy card.
YOUR VOTE TRULY COUNTS
PLEASE DON'T LET YOURSELF OR YOUR FELLOW SHAREHOLDERS DOWN
VOTE "FOR" THE PROPOSALS AND SEND IN YOUR PROXY CARD TODAY!
Should you have any questions about the proposals, or
any concerns, do not hesitate to call Arlen Capital, the
firm's administrative agent in connection with the proposals
at (800) 553-4039. Please do not delay. Fill out, sign,
date and mail your proxy card today in the enclosed Airborne
package. Your proxy card must be received prior to October
23, 1998 to count!
Sincerely,
Gary P. McDaniel
Chairman of the Board of Trustees
<PAGE>
WINDSOR
REAL ESTATE INVESTMENT TRUST 8
6430 South Quebec Street
Englewood, CO 80111
October 20, 1998
YOUR VOTE TRULY COUNTS
VOTE "FOR" TODAY!
Re: Windsor Real Estate Investment Trust 8 Proxy Vote
Dear Shareholder:
As you are aware from our last correspondence, the Board of
Trustees of Windsor Real Estate Investment Trust 8 is proposing
some exciting changes to REIT 8 which we believe will be extremely
beneficial to you, the shareholder. We received your proxy card
which was marked "abstain" and wanted to make certain that you
know this counts as a vote "against" the proposals. Several of
the shareholders we contacted thought they were remaining neutral
by abstaining. Your vote will count as an "against" vote if you
fail to respond immediately.
We know our shareholders are pleased with the proposals because
currently an overwhelming majority of votes received have been
"for" the proposals. However, the proposals may not pass because
many shareholders have not sent in their proxy cards or have
marked "abstain" both of which count as a "no" vote.
We urge you at this time to vote "for" all of the items listed
on the enclosed proxy card and covered within the proxy statement
previously mailed to you. Should you wish to change your "abstain"
vote to a "for" vote to be made in accordance with our
recommendation, you can simply call Arlen Capital at (800) 553-4039,
give them your name, and ask them to change your proxy card to a
"for" vote. You will have to give your social security number
as identification.
YOUR VOTE TRULY COUNTS.
PLEASE DON'T LET YOURSELF OR YOUR FELLOW SHAREHOLDERS DOWN!
VOTE "FOR" THE PROPOSALS BY CALLING TODAY!
Should you have any questions about the proposals, or any concerns,
do not hesitate to call Arlen Capital, the firm's administrative
agent in connection with the proposals at (800) 553-4039. Please
do not delay. Your call must be received prior to October 23,
1998 to count!
Sincerely,
Gary P. McDaniel
Chairman of the Board of Trustees
