January 15, 2013
Mr. Robert F. Telewicz Jr.
Division of Corporation Financial
Securities and Exchange Commission
100 F Street NE
Washington D.C. 20549
Re: Cornerstone Core Properties REIT, Inc.
Form 10K for the year ended December 31, 2011
Filed on March 30, 2012
File No. 000-52566
Dear Mr. Telewicz:
We have received your letter dated December 20, 2012.
We agree with the guidance offered in the letter and will indeed expand the MD&A section in the 2012 Form 10K filing with respect to the Advisors debt obligation to the Company and its going forward impact upon our results from operations
Please confirm that this response satisfies your requirements and concludes the matters raised by the November 9, 2012 and December 20, 2102 comment letters.
Very truly yours,
Cornerstone Core Properties REIT, Inc.
/s/ Timothy C. Collins
Timothy C. Collins
Chief Financial Officer
cc: Deloitte, John Ruddell
cc: Duane Morris, David Kaufman
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