August 9, 0000
XXX XXXXXXXXX XXXX
Xxxxxx Xxxxx Partners The Balcor Company Xxxxxx X. Xxxxxxx, Esq.
Limited Partnership 0000 Xxxxxxxx Xxxx Xxxxxx Xxxxxx & Zavis
x/x Xxx Xxxxxx Xxxxxxx Xxxxx X000 Xxxxx 0000
0000 Xxxxxxxx Xxxx Xxxxxxxxxxx, XX 00000 000 X. Xxxxxx Xxxxxx
Xxxxx X000 Attn.: Xx Xxxxxxxxx Xxxxxxx, XX 00000
Xxxxxxxxxxx, XX 00000
Attn.: Xxxxx Xxxxx
Re: Agreement of Sale, dated as of the 2nd day of August, 1996
(the "Agreement") between Valley Point Partners Limited Partnership,
as Seller, and ERP Operating Limited Partnership, as Purchaser, for
the purchase of Canyon Pointe Apartments, San Antonio, Texas
(the "Property").
Dear Xx. Xxxxx and Messrs. Xxxxxxxxx and Xxxxxxx:
Purchaser hereby requests that the Closing Date, as such term is defined
in Section 8 of the Agreement, be changed from September 16, 1996 to September
17, 1996. Please acknowledge Seller's acceptance of this modification to the
Agreement by executing this letter in the space provided below and returning it
via facsimile mail to Purchaser.
ERP OPERATING LIMITED PARTNERSHIP,
an Illinois limited partnership
By: Equity Residential Properties Trust,
a Maryland Real Estate Investment
Trust, its general partner
By: /s/ Xxxxxxx X. Xxxxx
------------------------------------
Xxxxxxx X. Xxxxx
Vice President
Approved and Accepted this day of August, 1996
VALLEY POINT PARTNERS LIMITED PARTNERSHIP, an Illinois
limited partnership
By: Valley Point Partners, Inc.,
an Illinois corporation
By: /s/ Xxxxx X. Xxxxxxxxx
-----------------------------------
Xxxxx X. Xxxxxxxxx
Authorized Representative
