1 CONTACT: River Oaks Partnership Services, Inc. (888) 349-2005 (toll free) FOR IMMEDIATE RELEASE DENVER, COLORADO, September 1, 2000-As previously announced, AIMCO Properties, L.P. is tendering for any and all units of limited partnership interest in the partner ships set forth below, subject to the terms of the respective Offers to Purchase (the "Offers"). AIMCO Properties, L.P. has extended the expiration date of each of the Offers. The expiration date for each of the Offers has been extended to 5:00 p.m., New York time, on Friday, September 15, 2000. The Offers were previously scheduled to expire at 5:00 p.m., on Friday, September 1, 2000. AIMCO Properties, L.P. has reported, based on information provided by the Information Agent for the Offer, that as of the close of business on August 31, 2000, the approximate number of units set forth below had been tendered pursuant to each of the Offers. PURCHASE PRICE NUMBER OF NAME OF PARTNERSHIP PER UNIT UNITS TENDERED ------------------- -------- -------------- Angeles Income Properties Ltd. III $ 49.31 1,388 Angeles Income Properties Ltd. VI 181.00 6,147 Angeles Partners VII 400.77 400 Century Properties Fund XIV 169.00 657.5 Century Properties Fund XV 153.00 554 Century Properties Fund XVI 46.00 581 Century Properties Fund XIX 289.18 1,138 Consolidated Capital Properties 3 37.08 1,323.5 Consolidated Capital Properties 4 196.74 5,395 Consolidated Capital Properties 6 11.67 1,976 National Property Investors III 374.19 336 For further information, please contact River Oaks Partnership Services, Inc. at (888) 349-2005 (toll free), which is acting as the Information Agent for the Offers.