from 10-Q
1 page
Security Capital Pacific Trust July 12, 1996 via Facsimile Redwood Shores Apartment Associates, Ltd. C/O the Balcor Company Bannockburn Lake Office Plaza 2355 Waukegan Road, Suite A-200 Bannockburn, Illinois 60015 Attention: Ilona Adams Re: Security Capital Pacific Trust Redwood Shores Apartments Ladies and Gentlemen: Reference Is Made to That Certain Agreement of Sale (The "Purchase Agreement") Dated June 12, 1996, by and Between Redwood Shores Apartment Associates, Ltd. ("Seller") and Security Capital Pacific Trust ("Buyer"). the Undersigned Is Delivering This Letter to You Pursuant to and in Accordance With Paragraph 10 of the Purchase Agreement and This Letter Shall Serve as Buyer's Election to Extend the Closing Date From July 21, 1996 to August 21, 1996. Very Truly Yours, Security Capital Pacific Trust, a Maryland Real Estate Investment Trust By: /S/ Anthony R. Arnest By: Anthony R. Arnest Title: V.P. CC: Mr. Mark Peppercorn Ms. Lynn Caldwell Mr. Scott A. Drain <page>
