Exhibit (d)(4)



                         Offer to Purchase for Cash
             Any and All Outstanding Preferred Depositary Units
             Representing Preferred Limited Partners' Interests
                                     in
                      FORUM RETIREMENT PARTNERS, L.P.
                                     at
                             $2.50 Net Per Unit
                                     by
                             FORUM GROUP, INC.


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  THE OFFER AND WITHDRAWAL RIGHTS WILL EXPIRE AT 12:00 MIDNIGHT, NEW YORK
   CITY TIME, ON TUESDAY, OCTOBER 31, 1995, UNLESS THE OFFER IS EXTENDED.
- --------------------------------------------------------------------------------



                                                            October 2, 1995

To Brokers, Dealers, Commercial Banks, 
  Trust Companies, and Other Nominees:

     We are enclosing the material listed below relating to the offer by
Forum Group, Inc., an Indiana corporation (the "Purchaser"), to purchase
any and all of the outstanding preferred depositary units (the "Units")
representing preferred limited partners' interests in Forum Retirement
Partners, L.P., a Delaware limited partnership (the "Partnership"), at
$2.50 per Unit, net to the seller in cash, on the terms and subject to the
conditions set forth in the Offer to Purchase dated October 2, 1995 (the
"Offer to Purchase"), and in the related Letter of Transmittal (which
together constitute the "Offer").

     We are asking you to contact your clients for whom you hold Units
registered in your name (or in the name of your nominee) or who hold Units
registered in their own names.  Please bring the Offer to their attention
as promptly as possible.  

     Enclosed are copies of the following documents:

     1.   The Offer to Purchase dated October 2, 1995;

     2.   The Letter of Transmittal to be used by holders of Units to
          tender Units; 

     3.   A form of letter which may be sent to your clients for whose
          accounts you hold Units registered in your name or the name of
          your nominee, with space provided for obtaining such clients'
          instructions with regard to the Offer;

     4.   Notice of Guaranteed Delivery;

     5.   Guidelines for Certification of Taxpayer Identification Number on
          Substitute Form W-9; and

     6.   Return envelope addressed to American Stock Transfer & Trust
          Company, the Depositary for the Offer.







     WE URGE YOU TO CONTACT YOUR CLIENTS AS PROMPTLY AS POSSIBLE. PLEASE
NOTE THAT, UNLESS EXTENDED, THE OFFER AND WITHDRAWAL RIGHTS EXPIRE AS 12:00
MIDNIGHT, NEW YORK CITY TIME, ON OCTOBER 31, 1995.

     The Purchaser will not pay any fees or commissions to any broker or
dealer or other person (other than the Depositary and the Information Agent
for the Offer) for soliciting tenders of Units pursuant to the Offer.  You
will be reimbursed for customary mailing and handling expenses incurred by
you in forwarding any of the enclosed materials to your clients.  The
Purchaser will pay all transfer taxes applicable to the purchase of Units
pursuant to the Offer, except as set forth in Instruction 6 of the Letter
of Transmittal.

     Any requests for additional copies of the enclosed material and any
inquiries you may have with respect to the Offer should be addressed to
MacKenzie Partners, Inc., the Information Agent for the Offer, at the
telephone numbers and address set forth on the back cover of the Offer to
Purchase.

                                   Very truly yours,


                                   FORUM GROUP, INC.













                   _____________________________________

NOTHING CONTAINED HEREIN OR IN THE ENCLOSED DOCUMENTS SHALL CONSTITUTE YOU
OR ANY OTHER PERSON AS AN AGENT OF THE PURCHASER, ANY AFFILIATE OF THE
PURCHASER, THE PARTNERSHIP, ANY AFFILIATE OF THE PARTNERSHIP, THE
DEPOSITARY, OR THE INFORMATION AGENT OR AUTHORIZE YOU OR ANY OTHER PERSON
TO GIVE ANY INFORMATION OR MAKE ANY STATEMENTS ON BEHALF OF ANY OF THEM
WITH RESPECT TO THE OFFER, EXCEPT FOR STATEMENTS EXPRESSLY MADE IN THE
MATERIAL ENCLOSED HEREWITH AND THE STATEMENTS CONTAINED HEREIN.



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