Karen N. Winnett
(949) 623-3536
kwinnett@prestongates.com
June 6, 2005
VIA EDGAR AND FEDERAL EXPRESS
Jeffrey A. Shady, Esq.
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: | Cornerstone Core Properties REIT, Inc. (formerly Cornerstone Realty Fund, Inc.) Registration No. 333-121238 |
Dear Mr. Shady:
On behalf of Cornerstone Core Properties REIT, Inc., a Maryland corporation (the “Company”), enclosed is Pre-Effective Amendment No. 3 to the Company’s Registration Statement on Form S-11 marked to show changes from Pre-Effective Amendment No. 2 filed on May 25, 2005. The Company is filing Pre-Effective Amendment No. 3 to include unaudited balance sheet information as of March 31, 2005 at page F-3 and related changes at pages F-7 and F-9 in the notes to the financial statements which were inadvertently omitted from the prior filing.
Very truly yours, Preston Gates & Ellis llp | ||||
By: | /s/ Karen N. Winnett | |||
Karen N. Winnett | ||||