Exhibit 99.1

March 9, 2016

Dear Limited Partner in Rancon Realty Fund IV, L.P.:

The purpose of this letter is to provide investors with the following:

In response to requests from custodians and pension plan trustees, the General Partners are providing an estimate of the unit value of the outstanding limited partnership interests in Rancon Fund IV, L.P., a California limited partnership (“Rancon IV” or the “Fund”), as of February 29, 2016. The General Partners’ valuation was calculated using the assumptions set forth below:

*Based on 65,819 units issued and outstanding.

Custodians and Trustees will be notified of this value within the next 14 days.

In light of the Limited Partners’ vote to authorize the liquidation of the Fund’s real property assets in 2014, the General Partners used a different valuation method than was used for periods prior to such authorization. As a part of the liquidation process, the General Partners have had access to real estate broker opinions of value, offers to purchase from third party buyers. Given the availability of this information, the General Partners relied on those valuations in preparing the estimates, rather than using the discounted cash flow analysis that has been used in the past. Because the Fund is now in dissolution, another significant change in valuation methodology involves the inclusion of estimated expenses of dissolving the Fund that were not included in valuations prior to dissolution.

While we believe that these underlying property valuations are reasonable, a change in actual sales pricing would impact the valuation of the units. For example, assuming all other factors remain unchanged, an increase in sales pricing of 5% from the estimated values used by the General Partners would yield an increase in the unit valuation of approximately $12.28. Similarly, assuming all other factors remain unchanged, a decrease in sales pricing of 5% from the values used by the General Partners would result in a decrease in the estimated unit value of approximately $12.28.

Additionally, while we believe that the Partnership’s estimated costs of dissolution are reasonable, the actual costs of dissolution could be higher than the amount estimated, as dissolution is a complex process that depends on many factors. As with the Partnership’s estimate of the underlying property valuations, an increase or decrease in the actual costs of dissolution from those estimated would impact the value per unit.

261 Boeing Court

Livermore, California 94551

Toll-free 888.909.7774       Fax 925.371.0167

Since the average net liquidation value per unit only represents the arithmetic mean of the amounts which the General Partners estimate will be distributed with respect to each unit, the actual amount distributed with respect to each unit will very likely vary from such value depending upon the date and price such units were originally acquired from the Fund (whether by such Limited Partner or, in the case of units which were acquired in the secondary market, the original holder of such Unit at the time of initial issuance) and the accrued preferred return for such unit.

As with any valuation methodology, the assumptions, estimates and judgments underlying the valuation described herein may not be accurate. Actual facts and developments may turn out to be different than those assumed and result in materially lower proceeds from the Fund’s properties than estimated by the General Partners. Moreover, the estimated value per unit as determined by the General Partners is not a representation, warranty or guarantee that:

This valuation was prepared by the General Partners without the use of any actual formal third-party appraisals, nor was this valuation and the methodology employed to value the units verified or reviewed by any third-party advisor, including the Fund’s auditors.

Recent Offer to Purchase Units

You may have recently received an offer from CMG Partners to purchase your units in Rancon IV. The potential purchasers are not associated with Rancon IV or the General Partners of Rancon IV. You can expect that, between now and the time the assets of the Fund are transferred to a liquidating trust as described below, you may receive additional offers from other third parties.

We have commented upon similar offers in the past. As you know, whether to accept the offer to purchase your units is an individual decision that only you can make. Neither Rancon IV nor the General Partners express an opinion on any offer you may receive, neither recommending that you accept it, nor recommending that you reject it.

We do urge you to carefully review any offer you receive and confer with your advisors if you have any interest in accepting it. In addition, we encourage you to read the tip sheet prepared by the Securities and Exchange Commission (“SEC”) alerting investors about min-tender offers, available on line at http://www.sec.gov/investor/pubs/minitend.htm.

Formation of the Liquidating Trust

As we have stated previously – as a Limited Partner, you do not have to take any action for the Plan of Liquidation to be completed. We anticipate that the Rancon IV partnership will be dissolved at the end of this month and the Fund’s remaining assets will be transferred to a liquidating trust.

Investors who are Limited Partners at the time the trust is formed will then own beneficial interests in the liquidating trust.

Beneficial interests may not be transferred except in the case of death or by operation of law. Dissolving the Partnership and transferring the Fund’s assets to the trust will result in a cost savings, as the liquidating trust will not incur the significant expense of complying with the detailed reporting requirements of the SEC. 

The liquidating trust will deal with the remaining business of the Fund, file final tax returns and other paperwork necessary to close down the Fund’s operations, and make distributions to investors. We anticipate making two distributions to investors from the trust as part of the Plan of Liquidation; one following the sale of the remaining buildings, and a final distribution prior to the termination of the trust.

If you have any questions, please feel free to contact Rancon Investor Services at 888.909.7774 and we will be happy to help you.

Sincerely,

Dan Stephenson		Jeff Henrich
General Partner		Preferred Partnership Services, Inc.

Note: Certain statements contained in this letter may be considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such statements include, in particular, statements about future events and are subject to certain risks and uncertainties, as well as known and unknown risks, which could cause actual events to differ materially from those anticipated. Investors are referred to the risk factors disclosed under Item 1A of Part I in the Fund’s December 31, 2014 Annual Report on Form 10-K and under the caption “Risk Factors” in our Proxy Consent Solicitation Statement dated April 21, 2014. Forward-looking statements are not intended to be a guaranty of future events. Such forward-looking statements can generally be identified by our use of forward-looking terminology such as “may,” “possible,” “will,” “can,” “expect,” “intend,” “anticipate,” “estimate,” “believe,” “continue,” or other similar words. Investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this letter. Neither the Fund nor the General Partners make any representations or warranties (expressed or implied) about the accuracy of any such forward-looking statements. Actual events could differ materially from any forward-looking statements contained in this letter. This letter is neither an offer of nor a solicitation to purchase securities.

Rancon Realty Fund IV

261 Boeing Court

Livermore, CA 94551

Address Service Requested