CRI, Inc.
  The CRI Building
  11200 Rockville Pike
  Rockville, Maryland 20852
  (301) 468-9200

March 29, 2005

Securities and Exchange Commission
450 5th Street, N. W.
Washington, D.C. 20549
ATTN: Document Control

          Registrant:  Capital Realty Investors, LTD.

          Commission File No.:  0-11149

To whom it may concern:

          Attached is Registrant's annual report on Form 10-KSB for the year ended December 31, 2004.

Sincerely,

/s/Michael J. Tuszka

Michael J. Tuszka
     Vice President
     and Chief Accounting Officer
     (Principal Financial Officer
     and Principal Accounting Officer)