1
Exhibit 10.23
AMENDMENT
TO
AGREEMENT OF LIMITED PARTNERSHIP
OF SIERRA PACIFIC DEVELOPMENT FUND II
Section 11.2 of the Partnership Agreement is amended to read as follows:
"11.2 Sales and Leases to the General Partners. The Partnership
shall not sell or lease any property to the General Partners or their
Affiliates; provided that the foregoing shall not apply to the
proposed merger, sale or other transfer of properties in connection
with the consolidation as described in the Proxy/Consent Solicitation
Statement of the Partnership dated [_]."