REALTY PARKING PROPERTIES II L.P.
                               Letter to Investors




                                        1

<PAGE>


                        REALTY PARKING PROPERTIES II L.P.

                               2000 ANNUAL REPORT

                                 April 10, 2001


Dear Investor:

OPERATIONS

         Realty  Parking  Properties  II L.P.'s (the Fund) results of operations
were affected  positively by continued sales activity in 2000. The Fund sold two
properties  in 2000  (Dallas-Metro  and San  Diego-B)  for  net  sales  proceeds
totaling  $10,783,638.   The  Fund's  investment  in  the  properties,   net  of
accumulated  depreciation  of $512,472,  was  $5,899,862  resulting in a gain on
sales of properties of  $4,883,776.  The Fund  distributed  net sales  proceeds,
after  payment of $1,450,000 in note  principal  payments,  of $9,225,916 to its
partners.

         In 2000,  rental income and expenses from  continuing  operations  have
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 2000 totaled $1,439,471,  a decline of
37% from 1999. During 2000,  percentage rents totaling $396,179 were earned from
five of the Fund's  properties,  a decrease of 39% from percentage  rents earned
from  eight  of  the  Fund's  properties  in  1999.  Expenses  in  2000,  net of
depreciation (and  amortization in 1999),  were $344,951,  reflecting a $170,550
decrease from 1999.


CASH DISTRIBUTIONS

         The Fund made four quarterly  distributions  from  operations  totaling
$1,160,501 in 2000. Operating  distributions declined in 2000 from $1,417,459 in
1999, as a result of property  sales in 2000 and 1999. The Fund will make future
operating  distributions  from the net  parking  lot  rental  income  of its six
remaining properties.  Distributions from operations are expected to decrease in
2001 and  subsequent  years as  anticipated  sales of the Fund's  remaining  six
properties  occur.  On  February  15,  2001,  the Fund  made an  operating  cash
distribution to partners  totaling  $205,530.  Each partner  received his or her
share of this distribution in the amount of $.15 per Unit.

         Distributions  from net  sales  proceeds  totaled  $9,225,916  from two
property sales in 2000 and $13,076,850 from three property sales in 1999. Future
distributions  of sales proceeds are completely  dependent on the Fund's ability
to successfully identify buyers for its remaining properties.


                                        2

<PAGE>




OUTLOOK

         On May 16, 2000, the Fund entered into a land option  agreement for the
sale of its San Diego-Union,  California property for $5,320,000. This agreement
expires on May 16, 2001 and provides for a non-refundable  option  consideration
in the amount of $60,000,  which will be credited  against the purchase price if
the sale is finalized.

         The Fund has also  signed a  contract  for the sale of its  Dallas-Main
property in Dallas, Texas for $3,500,000.  This contract is in its due diligence
period and there is no assurance that this contract will result in a sale of the
property.

         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,  the sales of the  Dallas-Metro  and San  Diego-B
properties  continue to 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 2000 that
were generated by the operations of the parking  properties and the sales of the
Dallas-Metro and San Diego-B properties.  Total  distributions  relating to 2000
activity exceeded $10.38 million,  or $7.38 per Unit. Total  distributions since
inception  have now  increased to $30.73 per  original $25 Unit.  The Fund's six
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


                                        3

<PAGE>



                        REALTY PARKING PROPERTIES II L.P.
                              Financial Statements



                                        4

<PAGE>


                          INDEPENDENT AUDITORS' REPORT





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, 2000 and 1999 and the related statements of
operations,  partners'  capital  and cash  flows  for  each of the  years in the
three-year  period ended December 31, 2000.  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, 2000 and 1999, and the results of its operations and its
cash flows for each of the years in the  three-year  period  ended  December 31,
2000 in conformity with accounting  principles  generally accepted in the United
States of America.

                                                         /s/   KPMG LLP

Baltimore, Maryland
January 19, 2001, except as to Note 12,
    which is as of February 15, 2001


                                        5
<PAGE>
                        REALTY PARKING PROPERTIES II L.P.


                                 Balance Sheets
<TABLE>
<CAPTION>
                                                                        December 31,
                                                        ------------------------------------------
                                                               2000                     1999
                                                        -----------------        -----------------
Assets

<S>                                                     <C>                      <C>
  Investment in real estate (Note 3)                    $     13,722,017         $     19,684,020
  Cash and cash equivalents                                      769,227                  649,014
  Accounts receivable (Note 7)                                   199,314                  287,440
                                                        -----------------        -----------------

                                                        $     14,690,558         $     20,620,474
                                                        =================        =================

Liabilities and Partners' Capital

  Accounts payable and accrued expenses                 $         45,355         $        104,024
  Due to affiliate (Note 7)                                       47,962                   63,070
  Real estate taxes payable (Note 7)                             160,300                  250,300
  Deposit (Note 4)                                                60,000                        -
  Note payable (Note 8)                                          636,000                2,086,000
                                                        ----------------         ----------------

                                                                 949,617                2,503,394
                                                        -----------------        -----------------
  Partners' Capital (Note 10)
    General Partner                                                    -                        -
    Assignee and Limited Partnership
         Interests  -  $25 stated value per
         unit, 1,392,800 units outstanding                    13,740,841               18,116,980
    Subordinated Limited Partner                                     100                      100
                                                        -----------------        -----------------

                                                              13,740,941               18,117,080
                                                        -----------------        -----------------

                                                        $     14,690,558         $     20,620,474
                                                        =================        =================
</TABLE>



See the accompanying notes to financial statements.


                                        6


<PAGE>


                        REALTY PARKING PROPERTIES II L.P.

                            Statements of Operations
                        For the years ended December 31,
<TABLE>
<CAPTION>
                                                              2000               1999               1998
                                                        ------------------------------------------------------
Revenues
<S>                                                     <C>                <C>                <C>
  Parking lot rental (Note 6)                           $     1,439,471    $     2,286,332    $     2,303,706
  Interest income                                                94,123             58,612             26,396
                                                        ----------------   ----------------   ----------------
                                                              1,533,594          2,344,944          2,330,102
                                                        ----------------   ----------------   ----------------

Expenses
   Administrative, including amounts to
        related party (Note 7)                                   97,650            103,636             85,880
   Professional fees                                             23,654             25,281             58,756
   Management fees to related party (Note 7)                    110,225            186,273            207,996
   Interest (Note 8)                                            113,422            200,311            245,770
   Depreciation                                                  62,141            160,066            172,332
   Amortization                                                       -              3,003              6,000
                                                        ----------------   ----------------   ----------------
                                                                407,092            678,570            776,734
                                                        ----------------   ----------------   ----------------

Earnings from operations                                      1,126,502          1,666,374          1,553,368

Gain on sales of properties, net (Note 5)                     4,883,776          6,311,322                  -
                                                        ----------------   ----------------   ----------------

Net earnings                                            $     6,010,278    $     7,977,696    $     1,553,368
                                                        ================   ================   ================

Net earnings per unit of assignee and
        limited partnership interests-basic (Note 10)   $          4.24    $          5.58    $          1.10
                                                        ================   ================   ================

</TABLE>



See the accompanying notes to financial statements.

                                        7

<PAGE>


                        REALTY PARKING PROPERTIES II L.P.
                         Statements of Partners' Capital
              For the years ended December 31, 2000, 1999 and 1998
<TABLE>
<CAPTION>
                                             Assignee
                                            and Limited        Subordinated
                                            Partnership           Limited             General
                                             Interests            Partner             Partner             Total
                                        ----------------------------------------------------------------------------

<S>                                     <C>                <C>                 <C>                 <C>
Balance at December 31, 1997            $     24,595,207   $             100   $         (64,122)  $     24,531,185

Net earnings                                   1,537,834                   -              15,534          1,553,368

Distributions to partners                     (1,436,351)                  -             (14,509)        (1,450,860)
                                          ---------------     ---------------     ---------------    ---------------


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
                                        =================  ==================  ==================  =================

</TABLE>


See the accompanying notes to financial statements.

                                        8
<PAGE>
                        REALTY PARKING PROPERTIES II L.P.

                            Statements of Cash Flows
                        For the years ended December 31,
<TABLE>
<CAPTION>

                                                                       2000               1999               1998
                                                                -------------------------------------------------------
Cash flows from operating activities
<S>                                                             <C>                <C>                <C>
    Net earnings                                                $      6,010,278   $      7,977,696   $      1,553,368
    Adjustments to reconcile net earnings to net cash
        provided by operating activities
        Gain on sales of properties, net                              (4,883,776)        (6,311,322)                 -
        Depreciation                                                      62,141            160,066            172,332
        Amortization                                                           -              3,003              6,000
        Changes in assets and liabilities
           Increase in accounts receivable and
               real estate taxes payable, net                             (1,874)           (25,940)           (11,200)
           Increase (decrease) in accounts payable
               and accrued expenses                                      (58,669)            76,098              2,994
           Increase (decrease) in due to affiliate                       (15,108)             8,687            (14,507)
                                                                -----------------  -----------------  -----------------
Net cash provided by operating activities                              1,112,992          1,888,288          1,708,987
                                                                -----------------  -----------------  -----------------


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


Cash flows from financing activities
     Repayment of note payable                                        (1,450,000)          (475,000)          (500,000)
     Distributions to partners                                       (10,386,417)       (14,494,309)        (1,450,860)
                                                                -----------------  -----------------  -----------------
Net cash used in financing activities                                (11,836,417)       (14,969,309)        (1,950,860)
                                                                -----------------  -----------------  -----------------

Net increase (decrease) in cash and cash equivalents                     120,213              3,687           (241,873)
Cash and cash equivalents
     Beginning of year                                                   649,014            645,327            887,200
                                                                -----------------  -----------------  -----------------

     End of year                                                $        769,227   $        649,014   $        645,327
                                                                =================  =================  =================
</TABLE>



See the accompanying notes to financial statements.

                                        9

<PAGE>


                        REALTY PARKING PROPERTIES II L.P.

                          Notes to Financial Statements
                        December 31, 2000, 1999 and 1998



(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  42,104
       Assignee  Limited  Partnership  Interests,  net of  selling  commissions,
       representing its maximum allowable purchase of $1,000,000.

       The Fund owns six properties in total,  five of which are wholly owned by
       the  Fund.  The  undivided  tenants-in-common  ownership  of  one  of the
       properties is noted below.  The  properties are not subject to a mortgage
       or other  lien or  encumbrance  under  the  terms  of the line of  credit
       agreement,  however,  the collateral  security provision of the agreement
       provides  for the  assignment  of the  Fund's  rights  as a lessor to its
       interest in the parking lot leases,  contracts and income. As of December
       31, 2000, the Fund owned the following properties:

<TABLE>
<CAPTION>
                                                  Approximate
                     Location                    Size (Sq. Ft.)         Type

<S>                                                 <C>
                Phoenix, Arizona                    275,310          surface lot
                San Diego-Union, California          35,000          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
</TABLE>


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


                                       10

<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, 2000 and 1999.

       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.

       In accordance with Statement of Financial  Accounting  Standards No. 121,
       "Accounting  for the  Impairment of Long-Lived  Assets and for Long-Lived
       Assets  to be  Disposed  Of,"  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 the assets.  Assets  considered  to be
       impaired are written down to estimated fair value.  During 2000 and 1999,
       no events or  circumstances  indicated that the long-lived  assets of the
       Fund were impaired.

       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, 2000 and 1999.



                                       11

<PAGE>


                        REALTY PARKING PROPERTIES II L.P.

                    Notes to Financial Statements (continued)


(3)    Investment in Real Estate

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

                                          2000                     1999
                                   ----------------       ------------------

        Land                       $    12,711,555        $      15,716,812
        Buildings                        1,432,655                4,839,732
                                   ----------------       ------------------

                                        14,144,210               20,556,544
        Accumulated depreciation          (422,193)                (872,524)
                                   ----------------       ------------------

                                   $    13,722,017        $      19,684,020
                                   ================       ==================


(4)   Deposit

      On May 16, 2000,  the Fund entered into a one-year  land option  agreement
      for the sale of its San Diego-Union  property.  The land option  agreement
      provided for a non-refundable  deposit of $60,000,  to be credited against
      the purchase price if the option is exercised.

(5)    Sales of Properties

       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  capital  gain  from the  sales  totaled
       $4,883,776, net of expenses of $544,362.

       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  capital  gain  from the  sales  totaled
       $6,311,322, net of expenses of $1,131,159.

 (6)   Leases

       The Fund leases its parking  properties  to the Advisor for periods of 10
       years,  expiring  between June 2002 and July 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 2000,  1999 and 1998  totaled  $396,179,  $644,904  and  $473,933,
       respectively.  The minimum rents are 7.0% of certain  acquisition  costs.
       Parking lot rents of $1,043,292,  $1,641,428 and $1,829,773 in 2000, 1999
       and  1998,  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.


                                       12

<PAGE>


                      REALTY PARKING PROPERTIES II L.P.

                    Notes to Financial Statements (continued)


(6)    Leases (continued)

       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 an acquired property.

       The minimum rents to be received  under the terms of the leases in effect
       at December 31, 2000 are summarized as follows:

                2001                 $      969,583
                2002                        882,737
                2003                        705,578
                2004                        205,578
                                     ---------------
                Total                $    2,763,476
                                     ===============


 (7)   Related Party Transactions

       The General  Partner  earned  asset-based  management  fees of  $110,225,
       $186,273 and $207,996 in 2000, 1999 and 1998, 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  $113,827,  $116,825 and $91,488 in
       2000, 1999 and 1998, 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 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 $160,300 and $250,300 of real
       estate taxes in both accounts receivable and real estate taxes payable at
       December 31, 2000 and 1999, respectively.

                                       13
<PAGE>
                        REALTY PARKING PROPERTIES II L.P.

                    Notes to Financial Statements (continued)


(8)    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 amended line of credit
        expires in July 2001.  The line of credit is  expected to be repaid from
        sales  proceeds in 2001 and will be  extended  beyond its  maturity,  if
        necessary.  The  collateral  security  provision  of the loan  agreement
        provides  for the  assignment  of the  Fund's  rights  as  lessor to its
        interest in the parking lot leases,  contracts and income. The principal
        balance at  December  31,  2000 and 1999 was  $636,000  and  $2,086,000,
        respectively.  The interest rate on outstanding borrowings is the bank's
        prime rate (9.5% at December 31, 2000). Interest paid on the outstanding
        principal balance totaled  $113,422,  $200,311 and $245,770 during 2000,
        1999 and 1998, respectively.

(9)    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 2000,
       1999 and 1998.

(10)   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 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.

                                       14

<PAGE>


                        REALTY PARKING PROPERTIES II L.P.

                    Notes to Financial Statements (continued)


(10)   Partners' Capital (continued)

       (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.

(11)   Distributions to Investors

       Distributions of sales proceeds to investors during 2000 and 1999 totaled
       $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  2000,  1999 and 1998
        totaled $1,160,501,  $1,417,459 and $1,450,860,  respectively,  of which
        99% was allocated to Assignee and Limited Partners.  These distributions
        were derived from net cash provided by operating activities.

(12)   Subsequent Events

       On  February  15,  2001,  the  Fund  made  a cash  distribution  totaling
       $205,530,  of which 99% was  allocated to Assignee and Limited  Partners.
       This distribution was derived from funds provided by operating activities
       during 2000.  Holders of Units received a cash  distribution of $0.15 per
       Unit.

       In January and February 2001, the Fund made additional principal payments
on the line of credit totaling $300,000.


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<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 2000 as filed  with the
Securities  and Exchange  Commission is available to partners  without charge on
request by writing to:

         Investor Relations
         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 Relations at the above address.


For further  information  or questions  regarding your  investment,  please call
Jennifer Zepp, Investment Coordinator, at 410-547-3033.


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