Exhibit 99.1

DiVall Insured Income Properties 2, L.P.

THIRD QUARTER ACTUAL and PROJECTED FOURTH QUARTER of 2011 DISTRIBUTIONS…

The Partnership is distributing $230,000 for the third quarter of 2011, which is $4.97 per unit. This is $20,000 ($.43 per unit) lower than originally planned due primarily to the vacancy of the China Super Buffet property in late June (see page 2 Property Highlights), offset by lower operating expenditures. We only distribute “actual” adjusted net cash flow.

The cash distribution for the remaining quarter of 2011 from adjusted operating and investment cash flows is estimated to be approximately $195,000 ($4.21 per unit) which is $55,000 ($1.19 per unit) less than the original budgeted amount due primarily to the China Super Buffet vacancy and a higher than anticipated 2^nd installment of 2010 property tax to be paid by the Partnership during the fourth quarter for the Park Forest, IL property sold in December of 2010.

The pending sale of the Denny’s, Phoenix, AZ property during the fourth quarter of 2011, would result in an increase in the fourth quarter distribution if the deal closes. (See Property Highlights on page 2)

ADDITIONAL FINANCIAL INFORMATION CAN BE ACCESSED…

For further third quarter of 2011 unaudited financial information, see the Partnership’s September 30, 2011 interim financial report filed on Form 10-Q with the SEC on or around November 15, 2011. A copy of the 2011 Quarterly Reports filed on Form 10-Q, the 2010 10-K, and other public reports can be viewed/printed free of charge at the Partnership’s website at www.divallproperties.com or at the SEC’s website at www.sec.gov.

DISTRIBUTION HIGHLIGHTS

FORWARD LOOKING STATEMENTS

Forward-looking statements that were true at the time made may ultimately prove to be incorrect or false. Investors are cautioned not to place undue reliance on forward-looking statements, which reflect the Partnership’s management’s view only as of November 1, 2011, the date this newsletter was sent for printing and mail assembly The Partnership undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results. Factors that could cause actual results to differ materially from any forward-looking statements made in this newsletter include changes in general economic conditions, changes in real estate conditions and markets, inability of current tenants to meet financial obligations, inability to obtain new tenants upon the expiration of existing leases, and the potential need to fund tenant improvements or other capital expenditures out of operating cash flow.

PROPERTY HIGHLIGHTS

QUESTIONS & ANSWERS

Your distribution correspondence for the Fourth Quarter of 2011 is scheduled to be mailed on February 15, 2011.

Management’s had estimated the December 31, 2011 Net Unit Value of each interest of the Partnership to approximate $320, as noted in the letter mailed to investors on February 15, 2011. Please note that the estimated year-end NUV should be adjusted (reduced) for any subsequent property sale(s) or applicable impairment write-downs during the following year. Therefore, as of September 30, 2011, the adjusted December 31, 2010 internal estimated NUV would be approximately $12 lower at $308 per Unit. As with any valuation methodology, the General Partner’s methodology is based upon a number of estimates and assumptions that may not be accurate or complete. Different parties with different assumptions and estimates could derive a different estimated NUV. Accordingly, with respect to the estimated NUV, the Partnership can give no assurance that:

Please visit the Investor Relations page at the Partnership website at www.divallproperties.com or the SEC website at www.sec.gov to print a copy of the report(s) or contact Investor Relations.

Please e-mail your specific question to Diane Conley at dconley@theprovogroup.com by Wednesday, October 5, 2011 or visit the Investor Relations page at www.divallproperties.com.

Please mail or fax to DiVall Investor Relations a signed letter stating your new address and telephone number. Updates cannot be accepted over the telephone or via voicemail messages.

You can reach DiVall Investor Relations at the address and/or number(s) listed below.

CONTACT INFORMATION

DIVALL INSURED INCOME PROPERTIES 2 L.P.

ADJUSTED CONDENSED STATEMENTS OF CASH FLOWS

FOR THE NINE MONTH PERIODS ENDED SEPTEMBER 30, 2011 and 2010

(Unaudited)

Non-GAAP Financial Disclosure

Adjusted cash flow provided by operating activities is a non-GAAP financial measure that represents cash flow provided by operating activities on a GAAP basis adjusted for certain timing differences and cash flow advances (deferrals) as described above. Management believes that adjusted cash flow from operating activities is a useful supplemental measure for assessing the cash flow generated from the Partnership’s period and is used in evaluating quarterly cash distributions to limited partners. Adjusted cash flow from operating activities should not be considered as an alternative for cash flow from operating activities computed on a GAAP basis as a measure of our liquidity.