KRUPP FUNDS GROUP
Dear Investor:
Please review the information provided and make any corrections. Enclosed is a
self- stamped envelope for your convenience.
Current Information Please make any changes below:
Investor ID:
Units
Name: Name: ______________________________
Name 2: Name 2: ______________________________
______________________________
Name 3: Name 3: ______________________________
______________________________
Address 1: Address 1: ______________________________
______________________________
Address 2: Address 2: ______________________________
______________________________
City/State/Zip: City/State/Zip ______________________________
______________________________
Day Time Phone #: Day Time Phone #: ______________________________
______________________________
Evening Phone #: Evening Phone #: ______________________________
______________________________
e-mail Address: e-mail Address: ______________________________
______________________________
Broker Name: Broker Name: ______________________________
______________________________
Brokerage Firm: Brokerage Firm: ______________________________
______________________________
Account Number: Account Number: ______________________________
______________________________
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Address questions about your account to:
KRUPP Funds Group Or Call:
One Beacon Street, Suite 1500
Boston, Massachusetts 02108 Investor Communications: 1-800-605-6774
June 11, 1999
Dear Investor:
Due to continued investor interest in the tender offer of KRF3 Acquisition
Company, L.L.C. ("KRF3") for Units of Krupp Realty Fund, Ltd.-III for $550.00
per Unit in cash less distributions made after May 14, 1999, if any, KRF3 is
pleased to announce an extension of the offer, which will expire on June 18,
1999. Enclosed is Supplement No. 2 to the offer to purchase which contains
important information about the tender offer and should be read carefully by
Unitholders.
The highlights pertaining to the offer are listed below:
o KRF3 continues to believe $550 is a fair price.
o You will get prompt payment of the cash consideration for Units - 3 weeks
from the expiration of the offer.
o As part of the extension, we have also decided to purchase any and all
Units tendered with no required minimum, subject to the terms of the offer.
o If you tender, capital invested in the partnership will be available for
other uses.
o If you tender, you will receive your original investment back plus an
additional 18.5% simple return over the 17-year life of the investment.
o You will not incur any commissions or brokerage fees.
This one-week extension affords you the opportunity to weigh the benefits of
this tender and will allow you the time to complete the enclosed paperwork.
If you have any questions or need assistance, please call our representatives at
800- 605-6774 and we will be happy to expedite this process for you.
KRF3 Acquisition Company, L.L.C.
June 11, 1999
Dear Investor:
Thank you for tendering your Units of Krupp Realty Fund, Ltd.-III. Due to
continued investor interest in the tender, KRF3 Acquisition Company, L.L.C. has
announced an extension, which will expire on June 18, 1999. Subject to the terms
of the offer, we have decided to purchase any and all Units tendered with no
required minimum. Enclosed is Supplement No. 2 to the offer to purchase which
contains important information about the tender offer and should be read
carefully by Unitholders. You can expect to receive the proceeds from your
tender approximately 3 weeks after the expiration of the offer.
Since you have already tendered your Units, this one-week extension requires no
further action by you.
If you have any questions or concerns regarding this information, please do not
hesitate to contact our representatives at 800-605-6774.
KRF3 Acquisition Company, L.L.C.