January 13, 1998

To:     The Investors of Metric Partners Growth Suite Investors, L.P.
        ("GSI" or the "Partnership")

RE:     Important Information Regarding the Sale of Eight Properties and
        Distribution of Sales Proceeds

Dear Investor:

We are  pleased to  announce  that the sale of eight of the  Partnership's  nine
remaining  Residence  Inn Hotels was  completed on December 30, 1997.  Investors
were notified of the potential  sale in a special  communication  dated December
26, 1997.  The Managing  General  Partner has decided to distribute a portion of
the net  proceeds  of this  sale,  in the  amount  of  $275.00  per  Unit.  This
distribution is enclosed, unless your investment is part of a retirement plan in
which case it is  forwarded  to your  trustee,  or you have  pre-specified  your
brokerage firm or an alternate destination for your checks.

As indicated in the letter of December 26, 1997, the Partnership was required by
the  purchaser  under the terms of the sales  contract  not to  distribute  $7.5
million  for a period of one year.  Additionally,  GSI will  retain a reserve of
approximately $4.5 million for operating contingencies,  including the potential
payment  of all or part  of the  outstanding  mortgage  on the  Residence  Inn -
Nashville.  This mortgage,  totaling approximately $8.5 million, is due April 1,
1998.  As  discussed  in  previous  communications,  a  motion  for a  temporary
injunction prohibiting the Partnership from distributing sales proceeds has been
filed  against  the  Partnership,  and a  hearing  on this  motion  has now been
rescheduled for January 14, 1998. Future  distributions could be affected by the
decision on this motion.

The  Partnership  also  anticipates  a  distribution  from fourth  quarter  1997
operations  in the  amount  of $10 per  Unit,  or four  percent  annualized,  to
Unitholders  as of  December  31,  1997  during  the week of January  26,  1998.
Investors  will be provided  further  information  as  available  regarding  the
above-mentioned  legal  proceedings,  as  well  as  the  status  of  Partnership
operations.

Questions  relating to Partnership  performance or the  information  provided in
this letter should be directed to the Investor  Representative at SSR Realty, at
(800) 347-6707,  extension 2025, or in writing to GSI, c/o SSR Realty  Advisors,
Inc., One California Street,  Suite 1400, San Francisco,  CA 94111.  Operational
questions  regarding  your  investment  should be directed to the  Partnership's
Servicing and Transfer Agent, Gemisys, at (800) 955-3025.


Sincerely,

METRIC REALTY
Managing General Partner