September 6, 2006


Mail Stop 04-09

Terry G. Roussel
Cornerstone Core Properties REIT, Inc.
1920 Main Street, Suite 400
Irvine, California  92614

	RE:	Cornerstone Core Properties REIT, Inc.
      Form S-11
      Registration No. 333-121238
      Filed on August 31, 2006

Dear Mr. Roussel:

      This is to advise you that we have conducted only a limited
review of your registration statement.  Based on that limited
review,
we have the following comments.

1. Please file a post-effective amendment that includes the
required
3-14 financial statements for the Los Angeles County property
acquired on June 28, 2006.  We note that in accordance with your
Guide 5, Item 20D undertakings, these financial statements should
have been filed by September 1, 2006.  Our position is that sales
of
your securities pursuant to this registration statement should
cease
until the post-effective amendment including the required
financials
is filed and effective.

2. We note from your quarterly financial statements that you paid
$14,245 in dividends for the quarter ended June 30, 2006.  We also
note that you had net cash used in operating activities of
$319,859
for the same period.  Please revise the prospectus to more clearly
disclose the source of your dividends.  In particular:

 Please disclose the dollar amount of the deficiency and the
alternative source of cash used to fund the dividend.  Alternative
sources may include such items as borrowings from related parties,
bank borrowings, proceeds from loan sales, proceeds from equity
offerings, etc.

 Please update your risk factors to disclose the excess and the
resultant risks.

To the extent dividends exceed cash flow from operations in future
quarters, please continue to update this disclosure.

*  *  *  *

      As appropriate, please amend your filing in response to
these
comments.  Please understand that we may have additional comments
after reviewing your amendment and responses to our comments.

      We urge all persons who are responsible for the accuracy and
adequacy of the disclosure in the filings reviewed by the staff to
be
certain that they have provided all information investors require
for
an informed decision.  Since the company and its management are in
possession of all facts relating to a company`s disclosure, they
are
responsible for the accuracy and adequacy of the disclosures they
have made.

	Before the amended registration statement is declared
effective
pursuant to Section 8 of the Securities Act, the company should
provide us a letter, acknowledging that:

should the Commission or the staff, acting pursuant to
delegated
authority, declare the filing effective, it does not foreclose the
Commission from taking any action with respect to the filing;

the action of the Commission or the staff, acting pursuant to
delegated authority, in declaring the filing effective, does not
relieve the company from its full responsibility for the adequacy
and
accuracy of the disclosure in the filing; and

the company may not assert staff comments and the declaration
of
effectiveness as a defense in any proceeding initiated by the
Commission or any person under the federal securities laws of the
United States.

      In addition, please be advised that the Division of
Enforcement
has access to all information you provide to the staff of the
Division of Corporation Finance in connection with our review of
your
filing or in response to our comments on your filing.

	Please contact me at (202) 551-3852 with any other questions.

						Sincerely,


						Michael McTiernan
						Special Counsel

cc:  	Raymond Veldman, Esq. (via facsimile)
	Preston Gates & Ellis LLP


Terry G. Roussel
Cornerstone Core Properties REIT, Inc.
September 6, 2006
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