EXHIBIT (A)(1)(C)
NOTICE OF WITHDRAWAL
OF
PREVIOUSLY TENDERED
UNITS OF LIMITED PARTNERSHIP INTEREST
OF
AMERICAN RETIREMENT VILLAS PROPERTIES III, L.P.
TO: P.H. Holdings Inc.
110 Newport Center Drive
Suite 200
Newport Beach, CA 92660
Fax: (949) 719-1165
Ladies and Gentlemen:
The following units of limited partnership interest (the "Units") of
American Retirement Villas Properties III, L.P. (the "Partnership") previously
tendered to C3 Capital, LLC ("C3 Capital") are hereby withdrawn. Unless
otherwise indicated under the Section "Number of Units Withdrawn," all Units
tendered to C3 Capital are hereby withdrawn. Failure to complete such Section
shall be deemed to indicate the intent of the undersigned that all Units
tendered to C3 Capital be withdrawn.
DESCRIPTION OF UNIT(S) WITHDRAWN
AND
SIGNATURE OF LIMITED PARTNER(S)
All registered holders of limited partnership units must sign exactly as
name(s) appear(s) on the Partnership records. See Instruction 3.
NUMBER OF UNITS WITHDRAWN:
---------- (If all Units, leave blank)
<Table>
X X
------------------------------------- ------------------------------------
(Signature of Owner) (Signature of Joint Owner)
------------------------------------------ ------------------------------------
Print Name Print Name
</Table>
Name and Capacity (if other than individuals):
------------------------------------------------------------------
Title:
--------------------------------------------------------------------------------
Address:
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
(City) (State) (Zip)
Area Code and Telephone No. (Day): ( )
---------------------------
(Evening): ( )
---------------------------
SIGNATURE GUARANTEE (IF REQUIRED)
(SEE INSTRUCTION 4)
Name and Address of Eligible Institution:
-----------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Authorized Signature: X
--------------------------------------------------------------------------------
Name:
--------------------------------------------------------------------------------
Title:
----------------------------------------------------------------
Date:
-------------------------------
1
INSTRUCTIONS FOR WITHDRAWAL
OF
PREVIOUSLY TENDERED UNITS OF LIMITED PARTNERSHIP INTEREST
IN
AMERICAN RETIREMENT VILLAS PROPERTIES III, L.P.
PLEASE NOTE THAT YOU MAY ONLY WITHDRAW UNITS TENDERED IN AN OUTSTANDING
OFFER. ANY UNITS TENDERED IN PRIOR OFFERS AND PAID FOR MAY NOT BE WITHDRAWN.
1. DELIVERY OF NOTICE OF WITHDRAWAL. If you are withdrawing Units
previously tendered pursuant to the offer to purchase, dated October 4, 2001
(the "Offer to Purchase") by C3 Capital, LLC, a California limited liability
company ("C3 Capital"), please complete, execute, detach and send in the
enclosed ORANGE envelope the attached "Notice of Withdrawal of Previously
Tendered Units" of American Retirement Villas Properties III, L.P. ("Notice of
Withdrawal"), to:
P.H. Holdings Inc.
110 Newport Center Drive
Suite 200
Newport Beach, CA 92660
Fax: (949) 719-1165
C3 CAPITAL MUST RECEIVE THE NOTICE OF WITHDRAWAL PRIOR TO NOVEMBER 2, 2001,
THE WITHDRAWAL EXPIRATION DATE SET FORTH IN THE OFFER TO PURCHASE. A COPY OF THE
NOTICE OF WITHDRAWAL SHOULD ALSO BE SENT OR TRANSMITTED TO ALPINE FIDUCIARY
SERVICES, INC. C/O GEORGESON SHAREHOLDER COMMUNICATIONS INC., AT P.O. BOX 2065,
S. HACKENSACK, N.J. 07606-2065 (IF BY MAIL), 111 COMMERCE ROAD, CARLSTADT, N.J.
07072, ATTN.: REORG DEPT. (IF BY OVERNIGHT COURIER) OR TO (201) 460-2889 (IF BY
FAX).
2. INADEQUATE SPACE. If any space provided in the Notice of Withdrawal is
inadequate, please list such additional information on a separate schedule and
attach the separate schedule to the Notice of Withdrawal.
3. SIGNATURE ON NOTICE OF WITHDRAWAL. The Notice of Withdrawal must be
signed, as applicable, by the person(s) who signed the Offer to Sell Letter
relating to the Offer to Purchase, in the same manner as such Offer to Sell
Letter was signed. The signatures must correspond exactly with the name(s) as
they appear on the Partnership records. If any Units tendered pursuant to the
Offer to Purchase are registered in the names of two or more joint holders, all
such holders must sign, as applicable, the Notice of Withdrawal. If the Notice
of Withdrawal is signed by any trustee, executor, administrator, guardian,
attorney-in-fact, officer of a corporation or others acting in a fiduciary
capacity, such persons should so indicate when signing and must submit proper
evidence of their authority to act.
4. GUARANTEE OF SIGNATURES. If the signature was guaranteed on the Offer
to Sell, then it must be guaranteed on the Notice of Withdrawal.
5. REQUESTS FOR ASSISTANCE OR ADDITIONAL COPIES. Questions and requests
for assistance may be directed to Georgeson Shareholder Communications Inc. at
its address and phone number listed below. Additional copies of this Notice of
Withdrawal may also be obtained from Georgeson.
GEORGESON SHAREHOLDER
COMMUNICATIONS INC.
17 State Street
New York, NY 10004
Banks and Brokers Call: (212) 440-9800
All Others Please Call Toll-Free: (800) 223-2064
2