EXHIBIT 23.1
U.S. BANK, NATIONAL ASSOCIATION
550 S. Hope Street
Suite 500
Los Angeles, CA 90071
August 6, 2003
Cornerstone Industrial Properties
4590 MacArthur Boulevard, Suite 610
Newport Beach, CA 92660
Re: Escrow Account No. 94671200
Cornerstone Realty Fund, LLC (the “Fund”)
Gentlemen:
U.S. Bank, National Association does hereby agree to be the Escrow Agent with respect to the subject account. We further agree to release funds to Cornerstone Industrial Properties, the Managing Member of the Fund, only in accordance with the terms of the Escrow Agreement described in the Prospectus of the Fund.
U.S. Bank, National Association does hereby further agree to the use of its name for the purpose of reference to it as Escrow Agent for the Fund in its Registration Statement.
Very truly yours,
/s/ U.S. BANK, NATIONAL ASSOCIATION
U.S. BANK, NATIONAL ASSOCIATION