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<br />I <br />I <br />II <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />SHELTER REALTY PARTNERS II <br /> <br />$3,192,000 Limlted Partnersh:p Interests offered in 60 Units of <br />$53,200 ~ach. Offerlng Date: August, 1985. <br /> <br />?lacement Agent: Merrill Lynch, Pierce, Fenner an" Smith, Inc. <br /> <br />Principal .Lnvestrnent.: To invest in a Local Lir:lited Patl:nership \1nich <br />was or9an~~ert to own, develop and operate POPLAR GLEN at CLARY'S <br />FOREST, a 191-unit luxury garden apartment proJect in COluMbia, <br />Maryland. <br /> <br />Construction and Permanent F~nanclng: Provided through a loan in the <br />prlnClpal aMount of $9,000,000 fron the proceeds at floating rate <br />mUlti-family rental housing bor.ds of Howard County, Maryland. <br />Security for the loan includes a I3-Year Letter of tredlt in the <br />aMount of $9,305,000 i~sued by Horne Federal Savings and Loan <br />Association, San Dlego, Califo~nia and by a surety bond issued by <br />Industrial Guarantee Company. <br /> <br />Can-Amer'c~n Realty Corpor~tior, Shelter Development Corporation and <br />Can-Investment corporation of Maryland are the General Partners of <br />the Linited partnership. <br /> <br />CAPITAL HOUSING PARTNERS - CLX <br /> <br />$10,500,000 Linited Partnershlp Interests offered in 175 Units of <br />*60,000 each. Offering Date: October, 1984. <br /> <br />Place~ent Agent: CRICO Securities Corporation <br /> <br />Princlpal tnvestnent: To lnvest in a Loral Llmlted partnership whlch <br />was organlzcd to own, develop, naintain and operate the housing <br />portion of a ~lxed-use develop~ent, CHARLES CENTER PLACE, a 2l-story, <br />252-unlt market-rate apartMcnL build1ng wlth related recreational and <br />parking faclllLles in Baltinore, Maryland. <br /> <br />Construction and Perndnent Flnanci~g: Provided through a Loan ~n the <br />amount of ~;:'.l.,695,OOO froJ':1 the sale of l1ulti-Family Houslng Rev~nue <br />Bonds lssuej by the COflnunlty Deve10pnent Ad~lnistratlon of the State <br />of Maryland, an Urban Developnent Action C.rdnt 1n the amount of <br />$4,3CO,OOO, governMenLal assl~tdnce prOVided by the City of Baltimore <br />with regard to land co~ts and property tax abatenents and nortgage <br />lnsurance fro~ the Federal Housing Adnlnlstration. <br /> <br />Can-Anerican Really Corporatlon, Can-Invest~ent torporatlon of <br />Maryldnd, and Shelter D~velopnent Corporation LiMlted are the General <br />Partners of the Local LiMited partnershlp. <br />