PRESS RELEASE    -    PRESS RELEASE    -    PRESS RELEASE    -    PRESS RELEASE

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EVEREST PROPERTIES II, LLC
DIXON MILL INVESTOR, LLC
MPF PACIFIC GATEWAY, LLC
199 S. Los Robles Avenue, Suite 200
Pasadena, CA  91101

CONTACT: Chris Davis or Stacey McClain of Everest Properties II, LLC
         (626) 585-5920

FOR IMMEDIATE RELEASE


     PASADENA, CALIFORNIA,  December 16, 2005 - Everest Properties II, LLC today
announced the extension of the expiration date of the  outstanding  tender offer
for limited  partnership  interests in Wilder  Richman  Historic  Properties II,
L.P.,  made by Everest  Properties  II, LLC,  Dixon Mill  Investor,  LLC and MPF
Pacific Gateway, LLC. The expiration date for the tender offer has been extended
to 5:00 p.m., New York City time, on Thursday,  December 29, 2005. The offer was
previously  scheduled  to expire  at 5:00  p.m.  Los  Angeles  time on  Tuesday,
December 20, 2005.

     To date,  Everest  reported the approximate  number of limited  partnership
interests deposited to be 24 in response to the offer.

     For  further  information,  please  contact  Everest  Properties  at  (800)
611-4613.