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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 partnerships 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.