EXHIBIT 23.1 SOUTHERN CALIFORNIA BANK 4100 Newport Place Suite 130 Newport Beach, California 92660 January 31, 2000 Cornerstone Industrial Properties 4590 MacArthur Boulevard, Suite 610 Newport Beach, CA 92660 Re: Escrow Account No. 12563-GG Cornerstone Realty Fund, LLC (the "Fund") ----------------------------------------- Gentlemen: Southern California Bank does hereby agree to be the Escrow Agent with respect to the subject account. We further agree to release funds to Cornerstone Industrial Properties, the Managing Member of the Fund, only in accordance with the terms of the Escrow Agreement described in the Prospectus of the Fund. Southern California Bank does hereby further agree to the use of its name for the purpose of reference to it as Escrow Agent for the Fund in its Registration Statement. Very truly yours, /S/SOUTHERN CALIFORNIA BANK