May 1, 1997 Mr. Charles W. Wolcott President and Chief Executive Officer American Industrial Properties REIT 6220 N. Beltline Road, Suite 205 Irving, Texas 75063 Re: Agreement among MS Real Estate Special Situations Inc. ("MSRE"), Morgan Stanley Asset...Investment Agreement • May 15th, 1997 • American Industrial Properties Reit Inc • Real estate investment trusts • New York
