REALTY PARKING PROPERTIES II L.P.
                               Letter to Investors








                                       1

<PAGE>


                        REALTY PARKING PROPERTIES II L.P.

                               2001 ANNUAL REPORT

                                 April 12, 2002

Dear Investor:

OPERATIONS

         Realty Parking Properties II L.P.'s (the "Fund") results of operations
were affected positively by the sale of the San Diego-Union, California property
for $5,320,000 in 2001. The Fund's investment in the property was $3,604,936,
net of accumulated depreciation of $53,174, resulting in a gain on sale of
$1,471,997. After paying expenses of the sale, the Fund distributed net sale
proceeds of $5,076,934 to its partners.

         In 2001, rental income from continuing operations declined as a result
of property sales. Parking lot rental income includes base rents and percentage
rents earned pursuant to lease agreements in effect during each period. Parking
lot rental income in 2001 totaled $1,282,851, a decline of 11% from 2000. During
2001, percentage rents totaling $331,478 were earned at four of the Fund's
properties, a decrease of 16% from percentage rents earned at five of the Fund's
properties in 2000.

          Expenses in 2001, net of depreciation, were $369,164, reflecting a
$24,213 increase over 2000. The increase is primarily due to professional
expenses to third-party consultants incurred in examining sale possibilities,
franchise and excise taxes imposed by the State of Tennessee on the Fund's
property in Nashville, and management fees that were adjusted to reflect the
increases in the fair market value of the Fund's remaining properties based on
updated appraisals. These increases were offset by lower interest expense
incurred in 2001. The Fund's note payable was retired in July 2001.


CASH DISTRIBUTIONS

         The Fund made four quarterly cash distributions from operations
totaling $810,034 in 2001. Operating distributions declined in 2001 from
$1,160,501 in 2000, as a result of property sales. The Fund will make future
operating distributions from the net parking lot rental income of its five
remaining properties. Distributions from operations are expected to decrease in
2002 and subsequent years as sales of the Fund's remaining five properties
occur. On February 13, 2002, the Fund made an operating cash distribution to
partners totaling $102,836. Each partner received his or her share of this
distribution in the amount of $.07 per Unit.




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<PAGE>


                        REALTY PARKING PROPERTIES II L.P.




CASH DISTRIBUTIONS, continued

         Distributions from net sales proceeds totaled $5,076,934 from one
property sale in 2001 and $9,225,916 from two property sales in 2000. Future
distributions of sale proceeds are completely dependent on the Fund's ability to
successfully identify buyers for its remaining properties.


OUTLOOK

         The Fund has signed a contract for the sale of its Dallas-Main property
in Dallas, Texas for $2,625,000. This contract is in its due diligence period
and there is no assurance that this contract will result in a sale of the
property. The Fund is receiving significant interest from potential purchasers
in a number of the remaining properties.

         While the Fund's original investment strategy had anticipated that the
highest returns might be obtained by selling properties at prices reflective of
their development potential, recent sales demonstrate that strong returns can
also be earned from selling properties based on their parking economics.


SUMMARY

         We are pleased with the returns enjoyed by investors during 2001 that
were generated by the operations of the parking properties and the sale of the
San Diego-Union property. Total distributions relating to 2001 activity exceeded
$5.88 million, or $4.18 per Unit. Total distributions since inception have now
increased to $34.99 per original $25 Unit. The Fund's five remaining properties
are expected to continue to deliver strong operational cash flow while we
consider additional disposition opportunities.


Very truly yours,

   /s/  John M. Prugh

John M. Prugh, President
Realty Parking Company II, Inc.
General Partner




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<PAGE>
                        REALTY PARKING PROPERTIES II L.P.






The Partners
Realty Parking Properties II L.P.:

We have audited the accompanying balance sheets of Realty Parking Properties II
L.P. (the "Fund") as of December 31, 2001 and 2000 and the related statements of
operations, partners' capital and cash flows for each of the years in the
three-year period ended December 31, 2001. These financial statements are the
responsibility of the Fund's management. Our responsibility is to express an
opinion on these financial statements based on our audits.

We conducted our audits in accordance with auditing standards generally accepted
in the United States of America. Those standards require that we plan and
perform the audit to obtain reasonable assurance about whether the financial
statements are free of material misstatement. An audit includes examining, on a
test basis, evidence supporting the amounts and disclosures in the financial
statements. An audit also includes assessing the accounting principles used and
significant estimates made by management, as well as evaluating the overall
financial statement presentation. We believe that our audits provide a
reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in
all material respects, the financial position of Realty Parking Properties II
L.P. as of December 31, 2001 and 2000, and the results of its operations and its
cash flows for each of the years in the three-year period ended December 31,
2001 in conformity with accounting principles generally accepted in the United
States of America.





Baltimore, Maryland
January 25, 2002, except as to note 11,
    which is as of February 13, 2002



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                        REALTY PARKING PROPERTIES II L.P.


                                 Balance Sheets

<TABLE>
<CAPTION>
                                                                December 31,
                                                  ---------------------------------------

                                                         2001                  2000
                                                  -----------------     -----------------

Assets

<S>                                               <C>                   <C>
  Investment in real estate (Note 3)              $     10,057,155      $     13,722,017
  Cash and cash equivalents                                351,264               769,227
  Accounts receivable (Note 6)                             158,302               199,314
                                                  -----------------     -----------------

                                                  $     10,566,721      $     14,690,558
                                                  =================     =================

Liabilities and Partners' Capital

  Accounts payable and accrued expenses           $        118,036      $         45,355
  Due to affiliate (Note 6)                                108,302                47,962
  Real estate taxes payable (Note 6)                       142,000               160,300
  Deposit (Note 4)                                               -                60,000
  Note payable (Note 7)                                          -               636,000
                                                  -----------------     --------------

                                                           368,338               949,617
                                                  -----------------     -----------------


  Partners' Capital (Note 9)
    General Partner                                              -                     -
    Assignee and Limited Partnership
         Interests  -  $25 stated value per
         unit, 1,392,800 units outstanding              10,198,283            13,740,841
    Subordinated Limited Partner                               100                   100
                                                     --------------        --------------

                                                        10,198,383            13,740,941
                                                  -----------------     -----------------

                                                  $     10,566,721      $     14,690,558
                                                  =================     =================

</TABLE>

See the accompanying notes to financial statements.

                                        5

<PAGE>


                        REALTY PARKING PROPERTIES II L.P.

                            Statements of Operations
                        For the years ended December 31,


<TABLE>
<CAPTION>
                                                              2001               2000               1999
                                                        -----------------------------------------------------

Revenues
<S>                                                     <C>               <C>                <C>
  Parking lot rental (Note 5)                           $     1,282,851   $     1,439,471    $     2,286,332
  Interest income                                                18,652            94,123             58,612
                                                        ----------------  ----------------   ----------------
                                                              1,301,503         1,533,594          2,344,944
                                                        ----------------  ----------------   ----------------

Expenses
   Administrative, including amounts to
        related party (Note 6)                                   96,956            97,650            103,636
   Professional fees                                             31,254            23,654             25,281
   Management fees to related party (Note 6)                    163,156           110,225            186,273
   Interest (Note 7)                                             18,616           113,422            200,311
   Franchise and excise taxes                                    59,182                 -                  -
   Depreciation                                                  59,926            62,141            160,066
   Amortization                                                       -                 -              3,003
                                                        ----------------  ----------------   ----------------
                                                                429,090           407,092            678,570
                                                        ----------------  ----------------   ----------------

Earnings from operations                                        872,413         1,126,502          1,666,374

Gain on sales of properties, net (Note 4)                     1,471,997         4,883,776          6,311,322
                                                        ----------------  ----------------   ----------------

Net earnings                                            $     2,344,410   $     6,010,278    $     7,977,696
                                                        ================  ================   ================

Net earnings per unit of assignee and
        limited partnership interests-basic (Note 9)    $          1.64   $          4.24    $          5.58
                                                        ================  ================   ================
</TABLE>

See the accompanying notes to financial statements.

                                        6
<PAGE>
                        REALTY PARKING PROPERTIES II L.P.


                         Statements of Partners' Capital
              For the years ended December 31, 2001, 2000 and 1999
<TABLE>
<CAPTION>
                                             Assignee
                                            and Limited        Subordinated
                                            Partnership           Limited             General
                                             Interests            Partner             Partner             Total
                                        ----------------------------------------------------------------------------

<S>                                     <C>                <C>                 <C>                 <C>
Balance at December 31, 1998            $     24,696,690   $             100   $         (63,097)  $     24,633,693

Net earnings                                   7,769,655                   -             208,041          7,977,696

Distributions to partners
     Operations                               (1,403,284)                  -             (14,175)        (1,417,459)
     Sales proceeds, net                     (12,946,081)                  -            (130,769)       (13,076,850)
                                          ---------------     ---------------     ---------------    ---------------


Balance at December 31, 1999                  18,116,980                 100                   -         18,117,080

Net earnings                                   5,906,414                   -             103,864          6,010,278

Distributions to partners
    Operations                                (1,148,896)                  -             (11,605)        (1,160,501)
    Sales proceeds, net                       (9,133,657)                  -             (92,259)        (9,225,916)
                                        -----------------  ------------------  ------------------  -----------------


Balance at December 31, 2000                  13,740,841                 100                   -         13,740,941

Net earnings                                   2,285,541                   -              58,869          2,344,410

Distributions to partners
    Operations                                  (801,934)                  -              (8,100)          (810,034)
    Sale proceeds, net                        (5,026,165)                  -             (50,769)        (5,076,934)
                                        -----------------  ------------------  ------------------  -----------------


Balance at December 31, 2001            $     10,198,283   $             100   $               -   $     10,198,383
                                        =================  ==================  ==================  =================
</TABLE>


See the accompanying notes to financial statements.

                                        7
<PAGE>
                        REALTY PARKING PROPERTIES II L.P.


                            Statements of Cash Flows
                        For the years ended December 31,

<TABLE>
<CAPTION>
                                                                   2001               2000               1999
                                                            -------------------------------------------------------
Cash flows from operating activities
<S>                                                         <C>                <C>                <C>
    Net earnings                                            $      2,344,410   $      6,010,278   $      7,977,696
    Adjustments to reconcile net earnings to net cash
        provided by operating activities
        Gain on sales of properties, net                          (1,471,997)        (4,883,776)        (6,311,322)
        Depreciation                                                  59,926             62,141            160,066
        Amortization                                                       -                  -              3,003
        Changes in assets and liabilities
           (Increase) decrease in accounts receivable
               and real estate taxes payable, net                     22,712             (1,874)           (25,940)
           Increase (decrease) in accounts payable
               and accrued expenses                                   72,681            (58,669)            76,098
           Increase (decrease) in due to affiliate                    60,340            (15,108)             8,687
                                                            -----------------  -----------------  -----------------
Net cash provided by operating activities                          1,088,072          1,112,992          1,888,288
                                                            -----------------  -----------------  -----------------


Cash flows from investing activities
     Proceeds from sales of properties, net                        5,016,933         10,783,638         13,084,708
     Deposit                                                               -             60,000                  -
                                                            -----------------  -----------------  -----------------
Net cash provided by investing activities                          5,016,933         10,843,638         13,084,708
                                                            -----------------  -----------------  -----------------


Cash flows from financing activities
     Repayment of note payable                                      (636,000)        (1,450,000)          (475,000)
     Distributions to partners                                    (5,886,968)       (10,386,417)       (14,494,309)
                                                            -----------------  -----------------  -----------------
Net cash used in financing activities                             (6,522,968)       (11,836,417)       (14,969,309)
                                                            -----------------  -----------------  -----------------

Net increase (decrease) in cash and cash equivalents                (417,963)           120,213              3,687
Cash and cash equivalents
     Beginning of year                                               769,227            649,014            645,327
                                                            -----------------  -----------------  -----------------

     End of year                                            $        351,264   $        769,227   $        649,014
                                                            =================  =================  =================

</TABLE>

See the accompanying notes to financial statements.

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<PAGE>

                        REALTY PARKING PROPERTIES II L.P.

                          Notes to Financial Statements
                        December 31, 2001, 2000 and 1999



(1)     Organization

        Realty Parking Properties II L.P. (the "Fund") is a Delaware limited
        partnership formed on December 26, 1990 to acquire surface lots and
        parking garage buildings to be held for appreciation and used for
        parking operations to produce current income. The General Partner is
        Realty Parking Company II, Inc. and the Subordinated Limited Partner is
        Realty Associates Limited Partnership, an affiliate of the General
        Partner. The Fund shall continue until December 31, 2040, unless sooner
        dissolved, in accordance with the provisions of the Partnership
        Agreement.

        The Fund entered into an Investment Advisory Agreement with Central
        Parking System, Inc. (the "Advisor"). The Advisor purchased and holds
        42,104 Assignee Limited Partnership Interests representing its maximum
        allowable purchase of $1,000,000.

        The Fund owns five properties in total, four of which are wholly owned
        by the Fund. The undivided tenants-in-common ownership of one of the
        properties is noted below. As of December 31, 2001, the Fund owned the
        following properties:

                                  Approximate
        Location                 Size (Sq. Ft.)   Type

        Phoenix, Arizona               275,310    surface lot
        Tulsa, Oklahoma                 39,646    surface lot
        Nashville, Tennessee            57,720    surface lot and garage
        Dallas-Main, Texas              45,714    surface lot and garage
        San Antonio, Texas              43,341    surface lot


        The Fund owns a 60% undivided interest in the Tulsa, Oklahoma property.
        The Advisor owns the remaining interest in the property.



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<PAGE>
                        REALTY PARKING PROPERTIES II L.P.

                    Notes to Financial Statements (continued)

(2)     Summary of Significant Accounting Policies

        The accompanying financial statements have been prepared on the accrual
        basis of accounting. The Fund reports its operating results for income
        tax purposes on the accrual basis. No provision for income taxes is made
        because any liability for income taxes is that of the individual
        partners and not that of the Fund.

        Lease revenues are recorded as earned under the terms of lease
        agreements.

        Costs associated with the marketing of Assignee Limited Partnership
        Interests to the public were offset against the related partners'
        capital.

        The Fund considers all short-term investments with maturities of three
        months or less at dates of purchase as cash equivalents. Cash and cash
        equivalents consist of cash and money market accounts and are stated at
        cost, which approximated market value at December 31, 2001 and 2000.

        Investment in real estate is stated at cost, net of accumulated
        depreciation, and reduced for impairment losses where appropriate, and
        includes all related acquisition costs of the properties. Depreciation
        of the parking garage buildings is computed using the straight-line
        method over 31.5 years for property placed in service prior to January
        1, 1994 and 39 years for property placed in service after January 1,
        1994. Land improvements are depreciated using the straight-line method
        over 15 years.

        The Fund records impairment losses on long-lived assets used in
        operations when events and circumstances indicate that the individual
        assets might be impaired, and the undiscounted cash flows estimated to
        be generated by those assets are less than the carrying amounts of those
        assets. Assets considered to be impaired are written down to estimated
        fair value. If the Fund decides to sell a property, it evaluates the
        recoverability of the carrying amount of the assets. If the evaluation
        indicates that the carrying value is not recoverable from estimated net
        sale proceeds, the property is written down to estimated fair value,
        less costs to sell, and an impairment loss is recognized. During 2001
        and 2000, no events or circumstances indicated that the assets of the
        Fund were impaired

        In October 2001, the Financial  Accounting  Standards Board (FASB)
        issued Statement of Financial Accounting Standards (SFAS) No. 144,
        "Accounting  for the Impairment or Disposal of Long-Lived  Assets."
        SFAS No. 144 supersedes SFAS No.121,  "Accounting  for the  Impairment
        of  Long-Lived  Assets and for  Long-Lived  Assets to Be Disposed Of"
        and APB Opinion No. 30,  "Reporting the Results of Operations -
        Reporting the Effects of Disposal of a Segment of a Business, and
        Extraordinary, Unusual and Infrequently Occurring Events and
        Transactions."   SFAS No. 144 does


                                       10

<PAGE>

                       REALTY PARKING PROPERTIES II L.P.

                    Notes to Financial Statements (continued)


(2)     Summary of Significant Accounting Policies (continued)

        not change the fundamental provisions of SFAS No. 121; however, it
        resolves various implementation issues of SFAS No. 121 and establishes a
        single accounting model for long-lived assets to be disposed of by sale.
        It retains the requirement of APB Opinion No. 30 to report separately
        discontinued operations but extends that reporting to a component of an
        entity that either has been disposed of (by sale, abandonment, or in
        distribution to owners) or is classified as held for sale. We do not
        believe that adoption of SFAS No. 144 in 2002 will have a material
        effect on the Fund's financial statements.

        Management of the Fund has made a number of estimates and assumptions
        relating to the reporting of assets, liabilities, revenues and expenses
        to prepare these financial statements in conformity with accounting
        principles generally accepted in the United States of America. Actual
        results could differ from those estimates.

        The fair values of all financial instruments approximated their recorded
        values at December 31, 2001 and 2000.


(3)     Investment in Real Estate

        Investment in real estate is summarized as follows at December 31:

                                             2001               2000
                                     -----------------  -----------------

        Land                         $      9,053,445   $     12,711,555
        Buildings                           1,432,655          1,432,655
                                     -----------------  -----------------

                                           10,486,100         14,144,210
        Accumulated depreciation             (428,945)          (422,193)
                                     -----------------  -----------------

                                     $     10,057,155   $     13,722,017
                                     =================  =================


 (4)    Sales of Properties

        During 2001, the Fund sold one property for $5,320,000. The Fund's
        investment in the property was $3,604,936, net of accumulated
        depreciation of $53,174. The gain from the sale totaled $1,471,997, net
        of expenses of $243,067. A deposit of $60,000 received in 2000 was
        credited against the purchase price at closing.

        During 2000, the Fund sold two properties for $11,328,000. The Fund's
        investment in the properties was $5,899,862, net of accumulated
        depreciation of $512,472. The gain from the sales totaled $4,883,776,
        net of expenses of $544,362.



                                       11
<PAGE>
                        REALTY PARKING PROPERTIES II L.P.

                    Notes to Financial Statements (continued)




 (4)    Sales of Properties (continued)

        During 1999, the Fund sold three properties for $14,215,867. The Fund's
        investment in the properties was $6,773,386, net of accumulated
        depreciation of $111,259. The gain from the sales totaled $6,311,322,
        net of expenses of $1,131,159.


 (5)    Leases

        The Fund leases its parking properties to the Advisor for periods of 10
        years, expiring between June 2002 and April 2004, with options to extend
        these leases for two additional terms of five years. Under the terms of
        the typical lease agreement, the Advisor is obligated to pay the Fund
        the greater of minimum rent plus reimbursement of real estate taxes or
        65% of gross parking revenues ("percentage rent"). Percentage rents
        earned during 2001, 2000 and 1999 totaled $331,478, $396,179 and
        $644,904, respectively. The minimum rents are 7.0% of certain
        acquisition costs. Parking lot rental of $951,373, $1,043,292 and
        $1,641,428 in 2001, 2000 and 1999, respectively, represented minimum
        rents under the lease agreements. Under the terms of the leases, the
        Advisor is responsible for all operating costs, including real estate
        taxes and general and garage liability insurance coverage.

        Each lease is cancelable by the Fund upon the sale of the property and
        the payment to the Advisor of a "termination fee". The termination fee
        generally equals 15% of the amount, if any, by which a property's sale
        proceeds exceed the original acquisition cost of the property plus a 12%
        compounded annual return on the original acquisition cost minus all
        rents received by the Fund from the property. Some of the leases may
        differ from the terms outlined above in order to accommodate specific
        circumstances of a property.

        The minimum rents to be received under the terms of the leases in effect
        at December 31, 2001 are summarized as follows:

                2002              $       664,169
                2003                      487,010
                2004                       78,080
                                  ---------------

                Total             $     1,229,259
                                  ===============


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<PAGE>


                       REALTY PARKING PROPERTIES II L.P.

                    Notes to Financial Statements (continued)


(6)     Related Party Transactions

        The General Partner earned asset-based management fees of $163,156,
        $110,225, and $186,273 in 2001, 2000 and 1999, respectively, for
        advising the Fund and managing its investments. This fee is equal to
        0.75% of the Fund's capital contributions invested in certain properties
        or fair values based on updated appraisals for certain other properties.
        Additionally, the General Partner was reimbursed for certain costs
        incurred relating to administrative costs and services related to sales
        of properties for the Fund totaling $95,166, $113,827 and $116,825 in
        2001, 2000 and 1999, respectively.

        Pursuant to the parking agreements, the Advisor earns a fee upon
        disposition of a property equal to 1.5% of the contract price for the
        sale of the property. Such fee is earned for services rendered to advise
        the General Partner on the timing and pricing of property sales. In
        2001, the Advisor earned an advisory fee totaling $79,800. In 2000, the
        Advisor earned termination fees totaling $298,903 and advisory fees
        totaling $169,920 in connection with the sales of two properties. In
        1999, the Advisor earned termination fees totaling $871,489 and advisory
        fees totaling $213,238 in connection with the sales of three properties.

        Under the terms of the lease agreements, real estate taxes paid by the
        Fund will be reimbursed by the Advisor and are not reflected in the
        statements of operations. The Fund recorded $142,000 and $160,300 of
        real estate taxes in both accounts receivable and real estate taxes
        payable at December 31, 2001 and 2000, respectively.


(7)     Note Payable

        In July 2000, the Fund's line of credit agreement with a bank was
        amended to reduce the bank's commitment from $3,500,000 to $736,000, the
        principal balance outstanding at that time. The principal balance at
        December 31, 2000 was $636,000. The line of credit was repaid in full
        during 2001. Interest paid on the outstanding principal balance totaled
        $18,616, $113,422 and $200,311 during 2001, 2000 and 1999, respectively.


(8)     Earnings for Federal Income Tax Purposes

        There was no difference between the Fund's net earnings for income tax
        purposes and the net earnings for financial reporting purposes in 2001,
        2000 and 1999.


                                       13

<PAGE>


                       REALTY PARKING PROPERTIES II L.P.

                    Notes to Financial Statements (continued)


(9)    Partners' Capital

       The Partnership Agreement provides, among other provisions, for the
following:

       (a) The Fund consists of the General Partner, the Assignee and Limited
           Partners and the Subordinated Limited Partner.

       (b) Distributions to the partners relating to operations of the
           properties are based on net cash flow, as defined in the Partnership
           Agreement. Assignee and Limited Partners receive 99% of net cash flow
           and the General Partner receives 1%. Net earnings per unit of
           Assignee and Limited Partnership Interest, as disclosed in the
           statements of operations, is based upon 1,392,800 Units.

       (c) Net proceeds of a sale or financing of the properties are distributed
           as follows:

o          99% to the Assignee and Limited Partners and 1% to the General
           Partner until each investor has recovered its original capital
           contribution and received a cumulative, noncompounded annual
           return of 12% of its adjusted capital balance to the extent
           that such return has not been provided from prior distributions
           of net cash flow.

o          Any remainder will be distributed  90% to the Assignee and Limited
           Partners,  1% to the General Partner and 9% to the Subordinated
           Limited Partner.

       (d)  Net earnings from operations and gains on sales of properties are
            allocated consistent with the above distribution provisions, except
            that gains on sales are allocable first to any partner with a
            negative capital account balance. Losses on sales of properties are
            allocated in accordance with the partners' respective partnership
            interests.

       (e) Assignee Limited Partners may elect to become Substitute Limited
           Partners, as defined in the Partnership Agreement. Assignee Limited
           Partners who elect to become Substitute Limited Partners will receive
           one limited partnership interest for each Assignee Limited
           Partnership Interest they convert and will not be able to re-exchange
           their limited partnership interests for Assignee Limited Partnership
           Interests.

       (f) Restrictions exist regarding transferability or disposition of
           partnership interests.


                                       14

<PAGE>


                       REALTY PARKING PROPERTIES II L.P.

                    Notes to Financial Statements (continued)



(10)    Distributions to Investors

        Distributions of sales proceeds to investors during 2001, 2000 and 1999
        totaled $5,076,934, $9,225,916 and $13,076,850, respectively, of which
        99% was allocated to Assignee and Limited Partners.

        Distributions of cash flow to investors during 2001, 2000 and 1999
        totaled $810,034, $1,160,501 and $1,417,459, respectively, of which 99%
        was allocated to Assignee and Limited Partners. These distributions were
        derived from net cash provided by operating activities.


(11)    Subsequent Event

        On February 13, 2002, the Fund made a cash distribution totaling
        $102,836, of which 99% was allocated to Assignee and Limited Partners.
        This distribution was derived from funds provided by operating
        activities during 2001. Holders of Units received a cash distribution of
        $0.07 per Unit.




                                       15

<PAGE>


                        REALTY PARKING PROPERTIES II L.P.

                             Partnership Information


Directors and Executive Officers

Realty Parking Company II, Inc.
General Partner:

       John M. Prugh
       President and Director

       Peter E. Bancroft
       Vice President and Director

       Terry F. Hall
       Vice President and Secretary

       Timothy M. Gisriel
       Treasurer


                                    Form 10-K

A copy of the Fund's Annual Report on Form 10-K for 2001 as filed with the
Securities and Exchange Commission is available to partners without charge on
request by writing to:

       Investor Services
       Realty Parking Properties II L.P.
       225 East Redwood Street
       Baltimore, Maryland 21202

                                    Auditors

       KPMG LLP
       111 South Calvert Street
       Baltimore, Maryland 21202

                                  Legal Counsel

       Wilmer, Cutler & Pickering
       100 Light Street
       Baltimore, Maryland 21202



                               Further Information


Please submit changes in name, address, investment representative and
distribution instructions to Investor Services at the above address.


For further information or questions regarding your investment, please call
Yolanda Harris, Investor Services Coordinator, at 410-547-3016.



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