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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) |   |   |
|                                                     |   |   |   |   | June 30, |   | December 31, |
| Assets                                                   |   |   |   |   | 2010 |   | 2009 |
|                                                     |   |   |   |   |   |   |   |
| Receivables from affiliates                              |   |   |  $         54,704 |   |           113,495 |
| Equity interest in unconsolidated joint venture          |   |   |   |
|   in excess of investment                           |   |   |        1,046,428 |   |        1,026,991 |
|                                                     |   |   |   |   |   |   |   |
|       Total assets              |   |   |   |  $    1,101,132 |   |        1,140,486 |
|                                                     |   |   |   |   |   |   |   |
|                                                     |   |   |   |   |   |   |   |
| Liabilities - accounts payable and accrued expenses      |           329,512 |   |           351,007 |
|                                                     |   |   |   |   |   |   |   |
|       Net assets in liquidation |   |   |  $       771,620 |   |           789,479 |

| Statement of Net Assets in Liquidation           |
|--------------------------------------------------|
| (Liquidation Basis)                              |
| (Unaudited)                                      |
|                                             |   |   |   |   |   |   |   |
|                                             |   |   |   |   | Six months ended June 30, |
|                                             |   |   |   |   | 2010 |   | 2009 |
|                                             |   |   |   |   |   |   |   |
| Net assets in liquidation at January 1           |   |  $    789,479 |   |        818,224 |
|                                             |   |   |   |   |   |   |   |
| Estimated costs during the period of liquidation |        (17,859) |   |        (24,900) |
|                                             |   |   |   |   |   |   |   |
| Net assets in liquidation at June 30             |   |  $    771,620 |   |        793,324 |
|                                             |   |   |   |   |   |   |   |
|                                             |   |   |   |   |   |   |   |
|                                             |   |   |   |   |   |   |   |
|                                             |   |   |   |   |   |   |   |
|                                             |   |   |   |   |   |   |   |
|                                             |   |   |   |   |   |   |   |
|                                             |   |   |   |   |   |   |   |
|                                             |   |   |   |   |   |   |   |
|                                             |   |   |   |   |   |   |   |

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|   | Six months ended June 30, 2010 and 2009 |
|--------|-----------------------------------------|

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| Balance Sheet Information                                 |
|-----------------------------------------------------------|
|                                                      |   |   |   |   |   |   |   |
|                                                      |   |   |   |   | (Unaudited) |   |   |
|                                                      |   |   |   |   | June 30, |   | December 31, |
|                                                      |   |   |   |   | 2010 |   | 2009 |
| Assets:                                                   |   |   |   |   |   |   |   |
|   Cash and equivalents                               |   |   |   |  $    1,273,456 |   |        1,344,645 |
|   Receivable from affiliates                         |   |   |        1,068,798 |   |        1,012,490 |
|   Accrued interest receivable                        |   |   |           295,765 |   |           253,513 |
|                                                      |   |   |   |   |   |   |   |
|     Total assets                           |   |   |   |  $    2,638,019 |   |        2,610,648 |
|                                                      |   |   |   |   |   |   |   |
| Liabilities:                                              |   |   |   |   |   |   |   |
|   Accounts payable and accrued expenses              |   |                    25 |   |                      - |
|   Payable to affiliates                              |   |   |   |           545,138 |   |           556,666 |
|                                                      |   |   |   |   |   |   |   |
|     Total liabilities                      |   |   |   |           545,163 |   |           556,666 |
|                                                      |   |   |   |   |   |   |   |
| Partners' equity:                                         |   |   |   |   |   |   |
|   The Partnership                                    |   |   |   |        1,046,428 |   |        1,026,991 |
|   RPILP - II                                         |   |   |   |        1,046,428 |   |        1,026,991 |
|                                                      |   |   |   |   |   |   |   |
|     Total partners' equity                 |   |   |   |        2,092,856 |   |        2,053,982 |
|                                                      |   |   |   |   |   |   |   |
|     Total liabilities and partners' equity |   |  $    2,638,019 |   |        2,610,648 |

| Operating Information             |
|-----------------------------------|
| (Unaudited)                       |
|                              |
|                              |   |   |   | Three months ended June 30, |   | Six months ended June 30, |
|                              |   |   |   |   |   |   |   |   |   |   |
|                              |   |   |   | 2010 |   | 2009 |   | 2010 |   | 2009 |
| Income:                           |   |   |   |   |   |   |   |   |   |   |
|   Interest income            |   |   |  $        21,126 |   |            21,126 |   |            42,252 |   |           42,252 |
|                              |   |   |   |   |   |   |   |   |   |   |
| Expenses:                         |   |   |   |   |   |   |   |   |   |   |
|   Interest                   |   |   |   |                238 |   |                220 |   |                473 |   |               436 |
|   Administrative             |   |   |             2,570 |   |                    - |   |             2,905 |   |                 34 |
|                              |   |   |   |   |   |   |   |   |   |   |
|     Total expenses |   |   |             2,808 |   |                220 |   |             3,378 |   |               470 |
|                              |   |   |   |   |   |   |   |   |   |   |
|     Net income     |   |   |  $        18,318 |   |            20,906 |   |            38,874 |   |           41,782 |
|                              |   |   |   |   |   |   |   |   |   |   |
| Allocation of net income:         |   |   |   |   |   |   |   |   |
|   The Partnership            |   |   |             9,159 |   |            10,453 |   |            19,437 |   |           20,891 |
|   RPILP - II                 |   |   |             9,159 |   |            10,453 |   |            19,437 |   |           20,891 |
|                              |   |   |   |   |   |   |   |   |   |   |
|                              |   |   |   |  $        18,318 |   |            20,906 |   |            38,874 |   |           41,782 |

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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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|  August 16, 2010 |  /s/ Joseph M. Jayson                 |
|-----------------------|----------------------------------------------------------------------------------------------------------------------------|
|  Date            |  Joseph M. Jayson,                                                                                                    |
|                  |  Individual General Partner,                                                                                          |
|                  |  Principal Executive Officer and                                                                                      |
|                  |  Principal Financial Officer                                                                                          |

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