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|  Delaware                |  16-1309987                              |
|-------------------------------|-----------------------------------------------|
|  (State of organization) |   (IRS Employer Identification No.) |

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| Statement of Net Assets in Liquidation              |   |                                                                |
|-----------------------------------------------------|--------|---------------------------------------------------------------------|
| (Liquidation Basis)                                 |   |                                                                |
|                                                |   |                                                                |   |   |   | (Unaudited) |   |   |
|                                                |   |                                                                |   |   |   | September 30, |   | December 31, |
| Assets                                              |   |                                                                |   |   |   | 2010 |   | 2009 |
|                                                |   |                                                                |   |   |   |   |   |   |
| Receivables from affiliates                         |   |                                                                |   |  $         52,400 |   |           113,495 |
| Equity interest in unconsolidated joint venture     |   |                                                                |   |   |
|   in excess of investment                      |   |                                                                |   |        1,056,908 |   |        1,026,991 |
|                                                |   |                                                                |   |   |   |   |   |   |
|     Total assets                |   |                                                                |   |   |  $    1,109,308 |   |        1,140,486 |
|                                                |   |                                                                |   |   |   |   |   |   |
|                                                |   |                                                                |   |   |   |   |   |   |
| Liabilities - accounts payable and accrued expenses |   |           338,946 |   |           351,007 |
|                                                |   |                                                                |   |   |   |   |   |   |
|     Net assets in liquidation   |   |                                                                |   |  $       770,362 |   |           789,479 |

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| Statement of Net Assets in Liquidation           |
|--------------------------------------------------|
| (Liquidation Basis)                              |
| (Unaudited)                                      |
|                                             |   |   |   |   |   |   |   |   |
|                                             |   |   |   |   |   | Nine months ended September 30, |
|                                             |   |   |   |   |   |   |   |   |
|                                             |   |   |   |   |   | 2010 |   | 2009 |
|                                             |   |   |   |   |   |   |   |   |
| Net assets in liquidation at January 1           |   |   |  $    789,479 |   |        818,224 |
|                                             |   |   |   |   |   |   |   |   |
| Estimated costs during the period of liquidation |         (19,117) |   |         (30,551) |
|                                             |   |   |   |   |   |   |   |   |
| Net assets in liquidation at September 30        |   |  $    770,362 |   |        787,673 |
|                                             |   |   |   |   |   |   |   |   |
|                                             |   |   |   |   |   |   |   |   |
|                                             |   |   |   |   |   |   |   |   |
|                                             |   |   |   |   |   |   |   |   |
|                                             |   |   |   |   |   |   |   |   |
|                                             |   |   |   |   |   |   |   |   |
|                                             |   |   |   |   |   |   |   |   |
|                                             |   |   |   |   |   |   |   |   |
|                                             |   |   |   |   |   |   |   |   |

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|   | Nine months ended September 30, 2010 and 2009 |
|--------|-----------------------------------------------|

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| Balance Sheet Information                                      |
|----------------------------------------------------------------|
|                                                           |   |   |   |   |   |   |   |   |
|                                                           |   |   |   |   |   | (Unaudited) |   |   |
|                                                           |   |   |   |   |   | September 30, |   | December 31, |
|                                                           |   |   |   |   |   | 2010 |   | 2009 |
| Assets:                                                        |   |   |   |   |   |   |   |   |
|   Cash and equivalents                                    |   |   |   |   |  $    1,261,272 |   |        1,344,645 |
|   Receivable from affiliates                              |   |   |   |        1,068,798 |   |        1,012,490 |
|   Accrued interest receivable                             |   |   |   |           316,891 |   |           253,513 |
|                                                           |   |   |   |   |   |   |   |   |
|     Total assets                           |   |   |   |   |  $    2,646,961 |   |        2,610,648 |
|                                                           |   |   |   |   |   |   |   |   |
| Liabilities:                                                   |   |   |   |   |   |   |   |   |
|   Accounts payable and accrued expenses                   |   |   |                    25 |   |                      - |
|   Payable to affiliates                                   |   |   |   |   |           533,120 |   |           556,666 |
|                                                           |   |   |   |   |   |   |   |   |
|     Total liabilities                      |   |   |   |   |           533,145 |   |           556,666 |
|                                                           |   |   |   |   |   |   |   |   |
| Partners' equity:                                              |   |   |   |   |   |   |   |
|   The Partnership                                         |   |   |   |   |        1,056,908 |   |        1,026,991 |
|   RPILP - II                                              |   |   |   |   |        1,056,908 |   |        1,026,991 |
|                                                           |   |   |   |   |   |   |   |   |
|     Total partners' equity                 |   |   |   |   |        2,113,816 |   |        2,053,982 |
|                                                           |   |   |   |   |   |   |   |   |
|     Total liabilities and partners' equity |   |   |  $    2,646,961 |   |        2,610,648 |

| Operating Information                  |
|----------------------------------------|
| (Unaudited)                            |
|                                   |
|                                   |   |   |   |   | Three months ended Sept. 30, |   | Nine months ended Sept. 30, |
|                                   |   |   |   |   |   |   |   |   |   |   |   |
|                                   |   |   |   |   | 2010 |   | 2009 |   | 2010 |   | 2009 |
| Income:                                |   |   |   |   |   |   |   |   |   |   |   |
|   Interest income                 |   |   |   |  $        21,126 |   |            21,126 |   |            63,378 |   |           63,378 |
|                                   |   |   |   |   |   |   |   |   |   |   |   |
| Expenses:                              |   |   |   |   |   |   |   |   |   |   |   |
|   Interest                        |   |   |   |   |                166 |   |                224 |   |                639 |   |               660 |
|   Administrative                  |   |   |   |                    - |   |                    - |   |             2,905 |   |                 34 |
|                                   |   |   |   |   |   |   |   |   |   |   |   |
|     Total expenses |   |   |   |                166 |   |                224 |   |             3,544 |   |               694 |
|                                   |   |   |   |   |   |   |   |   |   |   |   |
|     Net income     |   |   |   |  $        20,960 |   |            20,902 |   |            59,834 |   |           62,684 |
|                                   |   |   |   |   |   |   |   |   |   |   |   |
| Allocation of net income:              |   |   |   |   |   |   |   |   |   |
|   The Partnership                 |   |   |   |            10,480 |   |            10,451 |   |            29,917 |   |           31,342 |
|   RPILP - II                      |   |   |   |            10,480 |   |            10,451 |   |            29,917 |   |           31,342 |
|                                   |   |   |   |   |   |   |   |   |   |   |   |
|                                   |   |   |   |   |  $        20,960 |   |            20,902 |   |            59,834 |   |           62,684 |

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| 31.   | Certification Pursuant to Rule 13a-14(a), as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. |
|-----------------|-----------------------------------------------------------------------------------------------------------------|

| 32.   | Certification Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------|

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|  November 15, 2010 | /s/ Joseph M. Jayson                 |
|-------------------------|----------------------------------------------------------------------------------------------------------------------|
|   Date   | Joseph M. Jayson                                                                                                     |
|                    | Individual General Partner,                                                                                          |
|                    | Principal Executive Officer and                                                                                      |
|                    | Principal Financial Officer                                                                                          |

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