Holders of Units of Limited Partnership Interests Page 2 of T. Rowe Price Realty Income Fund I, A No-Load Limited Partnership proceeds of a sale or refinancing of one or more of the Partnership's properties or in connection with any future liquidation...Offer to Purchase Limited Partnership Interests • December 10th, 1996 • Lido Associates LLC
-------------------------------------------------------------------------------- LIDO ASSOCIATES, L.L.C. 4343 VON KARMAN AVENUE NEWPORT BEACH, CA 92660 DECEMBER 10, 1996 To Holders of Units of Limited Partnership Interests of T. Rowe Price Realty Income Fund I, A No-Load Limited Partnership Dear Unitholder: We are pleased to enclose with this letter the offer (the "Offer") by Lido Associates, L.L.C. (the "Purchaser") to pay $298 for each unit of limited partnership interest ("Unit") of T. Rowe Price Realty Income Fund I, A No-Load Limited Partnership (the "Partnership"), less the amount per Unit of distributions declared or paid with respect to each Unit between November 25, 1996 and the close of business, Eastern Standard Time on January 17, 1997. The Offer is for up to 40,000 Units, representing approximately 45% of the Units outstanding on the date of the Offer. If more than 40,000 Units are tendered, Units will be accepted on a pro rata basis. THE PURCHASER IS NOT AN AFFILIATE OF T
AGREEMENT FOR DELIVERY AND USE OF LIST OF LIMITED PARTNERS This Agreement for Delivery and Use of List of Limited Partners ("AGREEMENT") is entered into as of October ______, 1996 by and between T. Rowe Price Realty Income Fund I Management Inc., a...Agreement for Delivery and Use of List of Limited Partners • December 10th, 1996 • Lido Associates LLC • Maryland
