August 2, 1996
VIA FACSIMILE MAIL
Hunters Partners Limited
Partnership The Balcor Company Daniel J. Perlman, Esq.
c/o The Balcor Company 2355 Waukegan Road Katten Muchin & Zavis
2355 Waukegan Road Suite A200 Suite 2100
Suite A200 Bannockburn, Illinois 525 W. Monroe Street
Bannockburn, Illinois 60015 Chicago, Illinois
60015 Attn.: Al Lieberman 60661
Attn.: Ilona Adams
Re: Agreement of Sale, dated as of the 25th day of June, 1996
(the "Agreement") between Hunters Partners Limited Partnership,
as Seller, and ERP Operating Limited Partnership, as Purchaser,
for the purchase of Hunter's Glen Apartments, Chesterfield,
Missouri (the "Property").
Dear Ms. Adams and Messrs. Lieberman and Perlman:
Purchaser hereby requests an extension of the Approval Period, as such
term is defined in Section 16(A) of the Agreement, from August 5, 1996 until
5:00 CDT on August 23, 1996. Purchaser further requests that the Closing Date,
as such term is defined in Section 8 of the Agreement, be changed from August
15, 1996 to August 30, 1996. Please acknowledge Seller's acceptance of these
modifications to the Agreement by executing this letter in the space provided
below and returning it via facsimile mail to Purchaser.
ERP OPERATING LIMITED PARTNERSHIP,
an Illinois limited partnership
By: Equity Residential Properties Trust,
a Maryland Real Estate Investment
Trust, its general partner
By: /s/ Shelley L. Dunck
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Shelley L. Dunck
Vice President
Approved and Accepted this 2nd day of August, 1996
HUNTERS PARTNERS LIMITED PARTNERSHIP, an Illinois
limited partnership
By: Hunters Partners, Inc., an Illinois corporation
By: /s/ Alan Lieberman
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Alan Lieberman
Authorized Agent