Exhibit (a)(5)





November 1, 2006



TO:          UNIT HOLDERS OF DREXEL BURNHAM LAMBERT REAL ESTATE ASSOCIATES II

SUBJECT:     INCREASED OFFER TO PURCHASE UNITS AND EXTENSION OF OFFER
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Dear Unit Holder:

We are amending the Offer to Purchase and related Letters of Transmittal sent to
you on October 26, 2006, (the "Offer"), which was made by the Purchasers
identified in the Offer. The Purchasers are offering to purchase all Units of
limited partnership interest (the "Units") in DREXEL BURNHAM LAMBERT REAL ESTATE
ASSOCIATES II (the "Partnership") at a purchase price equal to:

                                  $250 per Unit
                                  -------------

This offer price is approximately 54% higher than recent reported secondary
market trading prices and, we are told, 11% higher than a recent tender offer by
Peachtree Partners.(1) The Offer will provide you with an opportunity to
liquidate all, or a portion of, your investment in DREXEL BURNHAM LAMBERT REAL
ESTATE ASSOCIATES II without the usual transaction costs associated with market
sales or partnership transfer fees.

The Purchasers are amending the Offer by extending the Expiration Date to
December 19, 2006. You can view the Offer materials as amended on our website at
www.mpfi.com (Click on MPF Tenders) or by calling us at the number below. After
carefully reading the Offer as amended, 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 the address on this
letterhead or via facsimile at (925) 631-9119.


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

This Offer expires (unless extended) December 19, 2006.













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1  The Purchasers have been told by a limited partner in the Partnership that
Peachtree Partners recently offered to purchase less than 5% of the Units of the
Partnership at a price of $225 per Unit. The Purchasers are unaware of the
details of the offer and have no further information about such an offer.