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

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| Statement of Net Assets in Liquidation              |   |                                                                |
|-----------------------------------------------------|--------|---------------------------------------------------------------------|
| (Liquidation Basis)                                 |   |                                                                |
|                                                |   |                                                                |   |   |   | (Unaudited) |   |   |
|                                                |   |                                                                |   |   |   | March 31, |   | December 31, |
| Assets                                              |   |                                                                |   |   | 2010 |   | 2009 |
|                                                |   |                                                                |   |   |   |   |   |   |
| Receivables from affiliates                         |   |                                                                |   |  $         68,715 |   |           113,495 |
| Equity interest in unconsolidated joint venture     |   |                                                                |   |   |
| in excess of investment                             |   |                                                                |   |        1,037,269 |   |        1,026,991 |
|                                                |   |                                                                |   |   |   |   |   |   |
|     Total assets                |   |                                                                |   |   |  $    1,105,984 |   |        1,140,486 |
|                                                |   |                                                                |   |   |   |   |   |   |
|                                                |   |                                                                |   |   |   |   |   |   |
| Liabilities - accounts payable and accrued expenses |   |           321,062 |   |           351,007 |
|                                                |   |                                                                |   |   |   |   |   |   |
|     Net assets in liquidation   |   |                                                                |   |  $       784,922 |   |           789,479 |

| Statement of Net Assets in Liquidation           |                                                                |   |
|--------------------------------------------------|---------------------------------------------------------------------|--------|
| (Liquidation Basis)                              |                                                                |   |
| (Unaudited)                                      |                                                                |   |
|                                             |                                                                |   |   |   |   |   |   |   |
|                                             |                                                                |   |   |   |   | Three months ended March 31, |
|                                             |                                                                |   |   |   |   |   |   |   |
|                                             |                                                                |   |   |   |   | 2010 |   | 2009 |
|                                             |                                                                |   |   |   |   |   |   |   |
| Net assets in liquidation at January 1           |                                                                |   |  $    789,479 |   |        818,224 |
|                                             |                                                                |   |   |   |   |   |   |   |
| Estimated costs during the period of liquidation |           (4,557) |   |        (11,650) |
|                                             |                                                                |   |   |   |   |   |   |   |
| Net assets in liquidation at March 31            |                                                                |   |  $    784,922 |   |        806,574 |
|                                             |                                                                |   |   |   |   |   |   |   |

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|   | Three months ended March 31, 2010 and 2009 |
|--------|--------------------------------------------|

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| Balance Sheet Information                                                        |   |   |
|----------------------------------------------------------------------------------|--------|--------|
|                                                                             |   |   |   |   |   |   |   |   |
|                                                                             |   |   |   |   |   | (Unaudited) |   |   |
|                                                                             |   |   |   |   |   | March 31, |   | December 31, |
|                                                                             |   |   |   |   |   | 2010 |   | 2009 |
| Assets:                                                                          |   |   |   |   |   |   |   |   |
|     Cash and equivalents                                     |   |   |   |   |  $     1,300,876 |   |         1,344,645 |
|     Receivable from affiliates                               |   |   |   |         1,055,948 |   |         1,012,490 |
|     Accrued interest receivable                              |   |   |   |            274,639 |   |            253,513 |
|                                                                             |   |   |   |   |   |   |   |   |
|        Total assets                           |   |   |   |  $     2,631,463 |   |         2,610,648 |
|                                                                             |   |   |   |   |   |   |   |   |
| Liabilities:                                                                     |   |   |   |   |   |   |   |   |
|     Accounts payable and accrued expenses                    |   |   |                     25 |   |                       - |
|     Payable to affiliates                                    |   |   |   |   |            556,900 |   |            556,666 |
|                                                                             |   |   |   |   |   |   |   |   |
|        Total liabilities                      |   |   |   |            556,925 |   |            556,666 |
|                                                                             |   |   |   |   |   |   |   |   |
| Partners' equity:                                                                |   |   |   |   |   |   |   |
|     The Partnership                                          |   |   |   |   |         1,037,269 |   |         1,026,991 |
|     RPILP - II                                               |   |   |   |   |         1,037,269 |   |         1,026,991 |
|                                                                             |   |   |   |   |   |   |   |   |
|        Total partners' equity                 |   |   |   |         2,074,538 |   |         2,053,982 |
|                                                                             |   |   |   |   |   |   |   |   |
|        Total liabilities and partners' equity |   |   |  $     2,631,463 |   |         2,610,648 |

| Operating Information                                    |
|----------------------------------------------------------|
| (Unaudited)                                              |
|                                                     |   |   |   |   |   |   |   | Three months ended March 31, |
|                                                     |   |   |   |   |   |   |   |   |   |   |
|                                                     |   |   |   |   |   |   |   | 2010 |   | 2009 |
| Income:                                                  |   |   |   |   |   |   |   |   |   |   |
|     Interest income                  |   |   |   |   |   |   |  $        21,126 |   |            21,126 |
|                                                     |   |   |   |   |   |   |   |   |   |   |
| Expenses:                                                |   |   |   |   |   |   |   |   |   |   |
|     Interest                         |   |   |   |   |   |   |   |                 235 |   |                 216 |
|     Administrative                   |   |   |   |   |   |   |                 335 |   |                   34 |
|                                                     |   |   |   |   |   |   |   |   |   |   |
|        Total expenses |   |   |   |   |   |                 570 |   |                 250 |
|                                                     |   |   |   |   |   |   |   |   |   |   |
|        Net income     |   |   |   |   |   |  $        20,556 |   |            20,876 |
|                                                     |   |   |   |   |   |   |   |   |   |   |
| Allocation of net income:                                |   |   |   |   |   |   |   |   |
|     The Partnership                  |   |   |   |   |   |   |            10,278 |   |            10,438 |
|     RPILP - II                       |   |   |   |   |   |   |            10,278 |   |            10,438 |
|                                                     |   |   |   |   |   |   |   |   |   |   |
|                                                     |   |   |   |   |   |   |   |  $        20,556 |   |            20,876 |

----

----

|   | (a)  Reports on Form 8-K |
|--------|------------------------------------|

|   | None. |
|--------|-------|

| 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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