Mcneil Real Estate Fund 25

McNeil Real Estate Fund XXV Limited Partnership was formed on February 15, 1985 to engage in diversified real estate activities including the ownership, opera- tion and management of commercial office, retail and residential real estate. The offering of units ($1/unit) ended on July 1, 1986 with 84,000,000 units iss- ued. The general parnters are McNeil Partners, L.P. and McNeil Investors, Inc.