Re: Contract of Sale (the “Contract”) by and between TR Hidden Lake Partners, Ltd. (“Seller”) and Triple Net Properties, LLC (“Buyer”) with Effective Date of May 8, 2005.

Exhibit 10.5

September 11, 2006

Via: UPS overnight delivery

Xx. Xxx X. Xxxxxxx
Triple Net Properties, LLC
C/O ROC Realty Advisors, LLC
0000 Xxxxx Xxxx Xxxxx
Xxxxx 000
Xxxxxxxx, XX 00000

Re: Contract of Sale (the “Contract”) by and between TR Hidden Lake Partners, Ltd. (“Seller”) and Triple Net Properties, LLC (“Buyer”) with Effective Date of May 8, 2005.

In accordance with the requirements of Section 4.(a) of the Contract, Seller is to Buyer the attached certificates of occupancy for the four (4) new buildings located at Hidden Lake Apartments in San Antonio. As a result, the “Closing Date” is now established to be October 12, 2006.

Very truly yours,

TR Hidden Lake Partners, Ltd., a
Texas limited partnership

		By:		TRDC Hidden Lake Partners, Ltd., a Texas limited partnership,
				its general partner
				By:		Xxxxxxxx Realty Development Corporation, a Texas
						corporation, its general partner
						By:

cc:		Xxxxx X. Xxxxxxxxx, Esq.		Xxxxx Xxxxx
		Xxxxxxxxx Xxxxxxxxx		Land America Title Company
		000 Xxxx Xxxxx Xxxxxx		0000 Xxxxxxx Xxxx
		15th Floor		Suite 280
		Richmond, VA 23219		Dallas, TX 75225

0000 Xxxxx Xxxxx Xxxx     Xxxxx 0000     Xxxxxxxxxx, Xxxxx 00000
Telephone 000-000-0000      FAX 000-000-0000