Exhibit 99.2 March 18, 2004 Dear Stockholder of Shelbourne Properties III, Inc. In accordance with the Plan of Liquidation previously approved by the Company's stockholders, the Company intends to enter into a liquidating trust agreement (the "Trust...Liquidating Trust Agreement • March 18th, 2004 • Shelbourne Properties Iii Inc • Real estate investment trusts
Exhibit 99.2 March 18, 2004 Dear Stockholder of Shelbourne Properties II, Inc.: In accordance with the Plan of Liquidation previously approved by the Company's stockholders, the Company intends to enter into a liquidating trust agreement (the "Trust...Liquidating Trust Agreement • March 18th, 2004 • Shelbourne Properties Ii Inc • Real estate investment trusts
Exhibit 99.2 March 18, 2004 Dear Stockholder of Shelbourne Properties I, Inc.: In accordance with the Plan of Liquidation previously approved by the Company's stockholders, the Company intends to enter into a liquidating trust agreement (the "Trust...Liquidating Trust Agreement • March 18th, 2004 • Shelbourne Properties I Inc • Real estate investment trusts