August 25, 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 an extension of the Approval Period, as such
term is defined in Section 16(A) of the Agreement from September 5, 1996 until
5:00 p.m. CDT on September 19, 1996. Purchaser further requests that the
Closing Date, as such term is defined in Section 8 of the Agreement, be changed
from September 19, 1996 to September 26, 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
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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. Xxxx
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Name: Xxxxx X. Xxxx
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Title: Vice President and Secretary
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