CORNERSTONE
CORE PROPERTIES REIT, INC.
April 20, 2007
VIA FACSIMILE AND EDGAR
Securities and Exchange Commission
100 F. Street, N.E.
Mail Stop 0409
Washington, D.C. 20549
Attn: Cicely LaMothe, Accounting Branch Chief
Re: | Cornerstone Core Properties REIT, Inc. | |
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| Form 10-K for the year ended December 31, 2006 |
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| Filed March 21, 2007 |
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| File No. 333-121238 |
Dear Ms. LaMothe:
This letter responds to your comment letter dated April 12, 2007 regarding our recent filing on Form 10-K for the year ended December 31, 2006. The following is our response to the specific comment raised in your letter.
Form 10-K for the year ended December 31, 2006
Management’s Discussion and Analysis of Financial Condition and Results of Operation
Liquidity and Capital Resources, page 25
Contractual Obligations, page 27
COMMENT:
1. Please confirm to us that you will revise your disclosure in future filings to include interest in the table or a discussion in the text. Refer to FR-72, Commission Guidance Regarding Management’s Discussion and Analysis of Financial Condition and Results of Operations.
RESPONSE:
We acknowledge your comment and confirm that we will revise our disclosure in future filings to include interest in the table or a discussion in the text.
The company hereby acknowledges that:
· the company is responsible for the adequacy and accuracy of the disclosure in the filing;
· staff comments or change to disclosure in response to staff comments do not foreclose the Commission from taking any action with respect to the filing; and
· the company may not assert staff comments as a defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States.
You may contact the undersigned at (949) 852-1007 or Ray Veldman of K&L Gates at (949) 623-3535 if you have any questions.
| Very truly yours, | ||
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| CORNERSTONE CORE PROPERTIES REIT, INC., | ||
| a Maryland corporation | ||
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| By: | /s/ Sharon C. Kaiser |
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| Sharon C. Kaiser, | |
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| Chief Financial Officer | |
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