**Exhibit31.1**

 

**CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER**

 

I, Terry G. Roussel, certifythat:

 

1.             I have reviewed this quarterly report on Form 10-Q ofCornerstone Realty Fund, LLC;

 

2.             Based on my knowledge, this quarterly report does notcontain any untrue statement of a material fact or omit to state a materialfact necessary to make the statements made, in light of the circumstances underwhich such statements were made, not misleading with respect to the periodcovered by this quarterly report; and

 

3.             Based on my knowledge, the financial statements, andother financial information included in this quarterly report, fairly presentin all material respects the financial condition, results of operations andcash flows of the registrant as of, and for, the periods presented in thisquarterly report.

 

4.             The registrant’s other certifying officer and I areresponsible for establishing and maintaining disclosure controls and procedures(as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) for the registrantand we have:

 

(a)           designed such disclosure controls and procedures, orcaused such disclosure controls and procedures to be designed under oursupervision, to ensure that material information relating to the registrant,including its consolidated subsidiaries, is made known to us by others withinthose entities, particularly during the period in which this quarterly reportis being prepared;

 

(b)           evaluated the effectiveness of the registrant’s disclosurecontrols and procedures and presented in this reported our conclusions aboutthe effectiveness of the disclosure controls and procedures, as of the periodcovered by this quarterly report based on such evaluation; and

 

(c)           disclosed in this report any change in the registrant’sinternal control over financial reporting that occurred during the registrant’smost recent fiscal quarter that has materially affected, or is reasonablylikely to materially affect, the registrant’s internal control over financialreporting.

 

5.             The registrant’s other certifying officer and I havedisclosed, based on our most recent evaluation of internal control overfinancial reporting, to the registrant’s auditors and the audit committee ofregistrant’s board of directors (or persons performing the equivalentfunction):

 

(a)           all significant deficiencies and material weaknesses inthe design or operation of internal controls over financial reporting which arereasonably likely to adversely affect the registrant’s ability to record,process, summarize and report financial information; and

 

(b)           any fraud, whether or not material, that involvesmanagement or other employees who have a significant role in the registrant’sinternal control over financial reporting.

 

 
|               | /s/ TERRY G. ROUSSEL                                                                                                                                                                                                            |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Date: May 12, 2006 | Terry G. Roussel   Chief Executive Officer (Principal Executive Officer) of  Cornerstone Ventures, Inc., the Managing Member of   Cornerstone Industrial Properties, LLC, the Managing   Member of Cornerstone Realty Fund, LLC |

 

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