Re: Contract of Sale (the “Contract”) by and between TR Hidden Lake Partners, Ltd. (“Seller”) and Triple Net Properties, LLC (“Buyer”) with Effective Date of May 8, 2005.

Exhibit 10.5

September 11, 2006

		Via: UPS overnight delivery

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Triple Net Properties, LLC
C/O ROC Realty Advisors, LLC
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		Re:		Contract of Sale (the “Contract”) by and between TR Hidden Lake Partners, Ltd. (“Seller”) and Triple Net Properties, LLC (“Buyer”) with Effective Date of May 8, 2005.

In accordance with the requirements of Section 4.(a) of the Contract, Seller is to Buyer the attached certificates of occupancy for the four (4) new buildings located at Hidden Lake Apartments in San Antonio. As a result, the “Closing Date” is now established to be October 12, 2006.

Very truly yours,

TR Hidden Lake Partners, Ltd., a
Texas limited partnership

		By:		TRDC Hidden Lake Partners, Ltd., a Texas limited partnership,
				its general partner
				By:		▇▇▇▇▇▇▇▇ Realty Development Corporation, a Texas
						corporation, its general partner
						By:

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		15th Floor		Suite 280
		Richmond, VA 23219		Dallas, TX 75225

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