EXHIBIT 99.3 October 19, 2001 VIA FACSIMILE ------------- G & L Realty Corp. 439 North Bedford Drive Beverly Hills, California 90210 Attn: Special Committee of the Board of Directors Gentlemen: Reference is hereby made to the Agreement and Plan of...Agreement and Plan of Merger • October 23rd, 2001 • G&l Realty Corp • Real estate investment trusts
Reference is hereby made to the Agreement and Plan of Merger (the "Merger Agreement"), dated as of May 10, 2001, between G & L Acquisition, LLC (the "Acquiror") and G & L Realty Corp. (the "Company"), as amended by Amendment No. 1, dated as of September 28, 2001, and to our letter dated September 28, 2001 to the Special Committee (the "Limited Waiver"), our letter dated October 16, 2001 to the Special Committee and the letter dated October 17, 2001 from our counsel, Heller Ehrman White & McAuliffe LLP, to Sharon Kroupa of Ballard Spahr Andrews & Ingersoll, LLP.
