October 8, 2008

To our Broker Dealers, Financial Advisors, Customers and Friends,

For almost 25 years we have been proud to partner with the Independent Broker Dealer Channel. AmREIT has weathered a number of cycles including the real estate depression of the 1980's. Our investors have been loyal to us and we have provided them with good investment products that have prospered. We believe our track record is among one of the best in the sector because we made the tough decisions at the right time--sometimes suspending offerings early, combining funds for diversification, or not investing our funds and sitting on the sidelines--which, ultimately has proven to be the right thing to do for our investors. The current financial environment is precarious and, in many respects, unprecedented. Therefore it is once again time for prudence, discipline and courageous action, and above all, we desire to do what is right for our investors and shareholders.

To this regard, effective Wednesday, October 8, 2008 we will suspend the capital raise for REITPlus. There are a number of reasons for this action.  Among them are:

• Our capital raise for this product has been very slow, making diversification, efficiency of fund raising and marketing costs, as well as economies of scale, very challenging.
• Class "A" properties are not being sold by sellers because of a strong flight to quality.
• Financing for real estate has become extremely difficult because of the current conditions in the credit market and this makes accretive investments difficult.

AmREIT and its predecessors have weathered many financial storms in the past. As the founder and chairman of this company, and a client with my own assets invested in AmREIT, I feel positive about our long term future. But having lived through market downturns like this before, I do believe strong, courageous action is and will be necessary. We will continue to communicate with you as we decide what next steps will allow our investors to succeed during these difficult times.

In the midst of all the negative news, is there anything to be optimistic about? I believe so. Our properties are located in 3 of the top 6 job growth markets in the US. Our management team is seasoned and has a strong track record of making prudent moves in difficult times. As a public company we are looking forward to taking advantage of the opportunities that will be afforded us as we emerge from this financial chaos.

We remain committed to each of our clients and shareholders and we are here to serve you. If you would like additional information or clarification, please contact Chad Braun, Chief Financial Office at 713-850-1400 extension 24, our Investor Services team at extension 51, or the undersigned at ext. 14.

Best Regards,

H. Kerr Taylor
Chairman and CEO