EXHIBIT 99.1 Confirmation of Receipt of Representations Letter from Arthur Andersen LLP March 27, 2002 IRT Partners, L.P. 200 Galleria Parkway, Suite 1400 Atlanta, Georgia 30339 United States Securities and Exchange Commission 450 5th Street, N.W. Washington, DC 20549 To Whom It May Concern: Arthur Andersen LLP has audited the financial statements of IRT Partners, L.P. as of December 31, 2001 and for the year then ended and has issued its report thereon dated January 24, 2002. Arthur Andersen has represented to us that this audit was subject to its quality control system for the U.S. accounting and auditing practice to provide reasonable assurance that the engagement was conducted in compliance with professional standards, that there was appropriate continuity of Arthur Andersen personnel working on the audit and availability of national office consultation. The availability of personnel at foreign affiliates of Arthur Andersen was not relevant to this audit. IRT PROPERTY COMPANY, as general partner By:/s/ James G. Levy -------------------- James G. Levy Executive Vice-President & Chief Financial Officer