Exhibit (a)(3)







August 28, 2006



TO:          UNIT HOLDERS OF Concord Milestone Plus, L.P.

SUBJECT:     OFFER TO PURCHASE UNITS

Dear Unit Holder:

As  described  in  the  enclosed  Offer  to  Purchase  and  related  Letters  of
Transmittal   (the  "Offer")  the   Purchasers   named  in  the  attached  Offer
(collectively the "Purchasers") are offering to purchase all limited partnership
interests  (each equity unit  consisting of one Class A Interest and one Class B
Interest,  with such equity  units  referred to herein as  "Units"),  in Concord
Milestone Plus, L.P. (the "Partnership") at a purchase price equal to:

                                 $6.25 per Unit
                                 --------------

Reasons you may wish to sell your Units include:

o    HIGHEST  OFFER  PRICE YET.  The Offer  Price is $1.25  higher than our last
     tender offer and $.25 higher than the most recent tender offer of which the
     Purchasers are aware.

o    TERMINATION   OF  SALE   NEGOTIATIONS   AND   UNCERTAINTY   OF  PARTNERSHIP
     TERMINATION.  Our offer  provides  you with the  opportunity  to  receive a
     guaranteed amount of money in a specified time period. The general partner
     has  stated  that  the  "previously reported  discussions between  the
     Partnership  and a third party with  respect to the potential sale of the
     Green Valley property have  terminated."  Therefore, investors may not see
     liquidity for some time.

o    ILLIQUIDITY OF UNITS. The relative  illiquidity of the Units resulting from
     the absence of a formal trading market makes the Units difficult to sell.

o    NO FUTURE IRS FILING  REQUIREMENTS  AND/OR RETIREMENT ACCOUNT FEES. The tax
     year in which you sell your Units will be the final year for which you will
     be obligated to file a K-1 for the Partnership  with your tax return.  This
     may represent a reduction in costs  associated with filing  complicated tax
     returns.  You may also avoid  incurring fees for having this  investment in
     your IRA or  retirement  account.  Your  decision  to sell  may have  other
     favorable or  unfavorable  tax  consequences  and potential  sellers should
     consult their individual tax advisers.

After  carefully  reading the enclosed Offer, if you elect to tender your Units,
mail (using the  enclosed  pre-addressed,  postage  paid  envelope) or fax (then
mail) a duly completed and executed copy of the Letter of  Transmittal  (printed
on purple paper) and change of address forms,  and any other documents  required
by the Letter of Transmittal, to the Depositary for the Offer at:

                         MacKenzie Patterson Fuller, LP
                               1640 School Street
                            Moraga, California 94556
                            Facsimile: (925) 631-9119


If you have any questions or need assistance, please call the Depository at
800-854-8357.

This Offer expires (unless extended) October 2, 2006.