Exhibit 99(a)(4)


                                   SCHEDULE TO

   Equity Resource Lexington Fund LP, Eggert Dagbjartsson, its general
partner and Equity Resources Group, Inc., its manager (collectively the
"Purchaser") is offering (the "Offer") to purchase 10,000 units ("Units") of
limited partnership interests in Capital Realty Investors II Ltd Partnership
(the "Subject Company") for a purchase price of $100 per Unit in cash. The
Offer and withdrawal rights will expire on July 23, 2001 (the "Expiration
Date").

   Offer materials will be mailed to record holders, beneficial holders,
brokers, banks and similar persons whose name appears on the list of limited
partners of the Subject Company ("Limited Partners"). You may obtain a copy of
the tender offer materials with respect to the Offer by calling Equity Resources
Group, Inc., the manager of the Offer, at (617) 876-4800. The Purchaser does not
currently intend to establish control of the Subject Company. The general
partner of the Subject Company has not approved or disapproved of the Offer.

   If more than 10,000 Units are validly tendered and not withdrawn, Purchaser
will accept up to 10,000 Units, on a pro rata basis. If Purchaser decides to
extend the Offer, Purchaser will promptly send each Limited Partner notification
of that fact. For Units to be validly tendered pursuant to the Offer, a properly
completed and duly executed Agreement of Sale must be received by Purchaser. A
cash payment for Units will be made within 10 business days following the
expiration date of the Offer, as long the Purchaser has received a properly
completed and duly executed Agreement of Sale and assurances from the general
partner of the Subject Company that the address applicable to the holder of
those Units will be changed to Purchaser's address. Units tendered pursuant to
the Offer may be withdrawn at any time prior to the Expiration Date. In the
event that the Offer is extended beyond the Expiration Date, the Units tendered
may be withdrawn at any time up to the date that the Offer, as extended,
expires. For a withdrawal to be effective, a signed, written or facsimile
transmission notice of withdrawal must be timely received by Purchaser.

   The information required by Exchange Act Rule 14d-6(d)(1) is contained in the
Offer to Purchase with respect to the Offer and is incorporated by reference
into this summary advertisement. The complete terms and conditions of this Offer
are set forth in the Offer to Purchase and related agreement of sale, which are
being filed today with the Securities and Exchange Commission and mailed to
Limited Partners.