EXHIBIT(A)(5)(G)

November 29, 2001


Dear Unitholder:

As you hopefully know, we extended our tender offer to purchase American
Retirement Villas Properties III partnership units for $400 PER UNIT THROUGH
DECEMBER 14, 2001. Should you elect to tender your units, and have not yet done
so, you must act quickly as your paperwork must be received NO LATER THAN 5:00
P.M. EASTERN DAYLIGHT TIME on DECEMBER 14, 2001. Securities and Exchange
Commission rules DO NOT ALLOW US TO EXTEND OUR TENDER OFFER BEYOND DECEMBER
14TH.

To tender your units, simply complete the attached blue letter of transmittal
and mail it in the pre-addressed envelope. You may also fax the form to (201)
460-2889.

If you own your units through a custodian account (for example, an IRA or
KEOGH), complete and sign the gray form, notify your custodian/trustee that you
wish to tender your units, and immediately forward the gray form to your
custodian's attention.

REMEMBER, IF YOU WISH TO TENDER YOUR UNITS, YOU MUST ACT NOW. UPON RECEIVING
YOUR TENDER, A CHECK FOR $400 PER UNIT TENDERED WILL BE PROMPTLY MAILED TO YOU.
IF YOU TENDER ALL THE UNITS YOU OWN, YOU WILL RECEIVE YOUR FINAL PARTNERSHIP
SCHEDULE K-1 IN EARLY 2002.

If you have any questions or require any assistance, please call Georgeson
Shareholder Communications, Inc., at (800) 223-2064 or Ms. Connie Lester at
(714) 435-4338.

Sincerely,



Douglas M. Pasquale
Chairman and Chief Executive Officer

Enclosure