OFFER TO PURCHASE FOR CASH
AIMCO Properties, L.P.
is offering to purchase any and all units of limited partnership interests in
CENTURY PROPERTIES FUND XVII
FOR $309.00 PER UNIT IN CASH
Upon the terms and subject to the conditions set forth herein, we will accept any and all units validly tendered in
response to our offer. If units are validly tendered and not properly withdrawn prior to the expiration date and the
purchase of all such units would result in there being less than 320 unitholders, we will purchase only 99% of the
total number of units so tendered by each limited partner.
Our offer price will be reduced for any distributions subsequently made by your partnership prior to the
expiration of our offer.
Our offer and your withdrawal rights will expire at 5:00 P.M., New York City time, on September 15, 2000,
unless we extend the deadline.
You will not pay any partnership transfer fees if you tender your units. You will pay any other fees and costs,
including any transfer taxes.
Our offer is not subject to a minimum number of units being tendered.
SEE "RISK FACTORS" IN THE OFFER TO PURCHASE, DATED JULY 24, 2000, FOR A
DESCRIPTION OF RISK FACTORS THAT YOU SHOULD CONSIDER IN CONNECTION WITH
OUR OFFER, INCLUDING THE FOLLOWING:
We determined the offer price of $309.00 per unit without any arms-length negotiations. Accordingly, our offer
price may not reflect the fair market value of your units.
In November 1999, we offered to buy your units for $438.84 per unit. Since November 1999, your partnership
has paid distributions of $139.00 per unit from operations.
In November 1999, an independent investment banking firm estimated that the net asset value, going concern
value and liquidation value of your partnership were $482.00, $454.00, and $431.00 per unit, respectively.
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If you desire to accept our offer, you should complete and sign the enclosed letter of transmittal in accordance
with the instructions thereto and mail or