EXHIBIT (a)(5)

FOR IMMEDIATE RELEASE
February 9, 2004

Contact:   Eggert Dagbjartsson
           Equity Resource Investments LLC.
           44 Brattle Street
           Cambridge, Massachusetts 02138

Telephone: (617) 876-4800

FOR IMMEDIATE RELEASE

        Equity Resource Fund XXII Limited Partnership announced today that it
has amended its tender offer to purchase up to 5,000 units of limited
partnership interests, or LP Units, in Capital Realty Investors II Limited
Partnership, a Maryland limited partnership. The terms of the offer, except for
the amended terms, are identical to the terms of the original offer made to
holders of LP Units on January 23, 2004. Approximately 128 units have been
tendered as of the date of the amendment.