Exhibit (a)(4)
[Published June 21, 2001 in Investors Business Daily]
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This announcement is neither an offer to buy nor a solicitation of an offer to
sell Units. The Offer is being made solely by the formal Offer to Purchase
forwarded to Unit holders of record and is not being made to, nor will tenders
be accepted from or on behalf of, Unit holders residing in any jurisdiction in
which making or accepting the Offer would violate that jurisdiction's laws. In
those jurisdictions where the securities, blue sky or other laws require the
Offer to be made by a licensed broker or dealer, the Offer shall be deemed to be
made on behalf of Purchasers only by one or more registered dealers licensed
under the laws of such jurisdiction.
NOTICE OF OFFER TO PURCHASE FOR CASH:
Up to 4,770 Units of Limited Partnership Interest of
BRAUVIN REAL ESTATE FUND L.P. 4, a Delaware limited partnership
(the "Brauvin 4") at a price of $100 per
Unit,
and
Up to 4,950 Units of Limited Partnership Interest of
BRAUVIN REAL ESTATE FUND L.P. 5, a Delaware limited partnership
(the "Brauvin 5") at a price of $100 per
Unit
by:
MP FALCON GROWTH FUND, LLC; ACCELERATED HIGH YIELD
INSTITUTIONAL INVESTORS, LTD.; MP VALUE FUND 7, LLC; MP VALUE
FUND 4, LLC; MP DEWAAY FUND, LLC; MORAGA FUND 1, L.P; MORAGA
GOLD, LLC; MP INCOME FUND 13, LLC; STEVEN GOLD and PREVIOUSLY
OWNED PARTNERSHIPS INCOME FUND II, L.P.
(collectively the "Purchasers")
The Purchasers are offering to purchase for cash up to 4,770 Units of Limited
Partnership Interest of Brauvin 4, at a price of $100 per Unit, and up to 4,950
Units of Limited Partnership Interest of Brauvin 5, at a price of $100 per Unit
upon the terms and subject to the conditions set forth in Purchasers' Offers to
Purchase and in the related Letters of Transmittal for each of the respective
offers (which together constitute the "Offers" and the "Tender Offer
Documents"). Brauvin 4 and Brauvin 5 are herein referred to as the
"Partnerships" and their respective Units of Limited Partnership Interest are
referred to as the "Units."
THE OFFERS AND WITHDRAWAL RIGHTS EXPIRE AT 12:00 MIDNIGHT, PACIFIC DAYLIGHT
TIME, ON JULY 27, 2001, UNLESS AN OFFER IS EXTENDED.
Funding for the purchase of the Units will be provided through the Purchasers'
existing working capital. The Offers are not made for the purpose of acquiring
or influencing control of the business of the issuers. The Offers will expire at
12:00 midnight, Pacific Standard Time on July 27, 2001, unless and until
Purchasers, in their sole discretion, shall have extended the period of time for
which an Offer is open (such date and time, as extended the "Expiration Date").
The Purchasers will not provide a subsequent offering period following the
Expiration Date. If Purchasers make a material change in the terms of an Offer,
or if they waive a material condition to an Offer, Purchasers will extend the
Offer and disseminate additional tender offer materials to the extent required
by Rules 14d-4(c) and 14d-6(d) under the Securities Exchange Act of 1934, as
amended (the "Exchange Act"). The minimum period during which an offer must
remain open following any material change in the terms of the offer, other than
a change in price or a change in percentage of securities sought or a change in
any dealer's soliciting fee, will depend upon the facts and circumstances
including the materiality of the change with respect to a change in price or,
subject to certain limitations, a change in the percentage of securities ought
or a change in any dealer's soliciting fee. A minimum of ten business days from
the date of such change is generally required to allow for adequate
dissemination to Unit holders. Accordingly, if prior to the Expiration Date,
Purchasers increase (other than increases of not more than two percent of the
outstanding Units) or decrease the number of Units being sought, or increase or
decrease the consideration offered pursuant to an Offer, and if the Offer is
scheduled to expire at any time earlier than the period ending on the tenth
business day from the date that notice of such increase or decrease is first
published, sent or given to Unit holders, the Offer will be extended at least
until the expiration of such ten business days. For purposes of the Offers, a
"business day" means any day other than a Saturday, Sunday or federal holiday
and consists of the time period from 12:01 a.m. through 12:00 midnight, Pacific
Standard Time. In all cases payment for the Units purchased pursuant to the
Offers will be made only after timely receipt of the Letters of Transmittal (or
facsimiles thereof), properly completed and duly executed, with any required
signature guarantees, and any other documents required by such Letters of
Transmittal.
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Tenders of Units made pursuant to the Offers are irrevocable, except that
Unit holders who tender their Units in response to the Offers will have the
right to withdraw their tendered Units at any time prior to the Expiration Date
by sending to MacKenzie Patterson, Inc. a written or facsimile transmission
notice of withdrawal identifying the name of the person who tendered Units to be
withdrawn, signed by the same persons and in the same manner as the Letter of
Transmittal tendering the Units to be withdrawn. In addition, tendered Units may
be withdrawn at any time on or after August 20, 2001, unless the tender has
theretofore been accepted for payment as provided above. If tendering Unit
holders tender more than the number of Units that Purchasers seek to purchase
pursuant to the Offer for those Units, Purchasers will take into account the
number of Units so tendered and take up and pay for as nearly as may be pro
rata, disregarding fractions, according to the number of Units tendered by each
tendering Unit holder during the period during which that Offer remains open.
The terms of the Offers are more fully set forth in the respective formal Tender
Offer Documents which are available from Purchasers at the Purchasers' expense.
The Offers contain terms and conditions and the information required by Rule
14d-6(d)(1) under the Exchange Act which are incorporated herein by reference.
The Tender Offer Documents contain important information which should be read
carefully before any decision is made with respect to the Offer.
The Tender Offer Documents may be obtained by written request to Purchasers or
as set forth below. A request has been made to each of the Partnerships pursuant
to Rule 14d-5 under the Exchange Act for the use of its list of Unit holders for
the purpose of disseminating the Offers to Unit holders. Upon compliance by the
Partnerships with such request, the Tender Offer Documents and, if required,
other relevant materials will be mailed at the Purchasers' expense to record
holders of Units, brokers, banks and similar persons whose names appear or whose
nominee appears on the list of securities holders, or persons who are listed as
participants in a clearing agency's security position listing, for subsequent
transmittal to beneficial owners of Units.
For Copies of the Tender Offer Documents Call Purchasers at 1-800-854-8357
or Make a Written Request Addressed to 1640 School Street, Moraga, California
94556
June 21, 2001
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