Common use of Description of Properties Clause in Contracts

Description of Properties. Set forth below is a table showing the location, the date of purchase, the nature of the Partnership's ownership interest in and the use of each of the Partnership's properties. DATE OF PROPERTY PURCHASE TYPE OF OWNERSHIP USE -------- -------- ----------------- --- The Loft Apartments 11/19/90 Fee ownership Residential Apartments Raleigh, North Carolina (subject to first mortgage) (188 units) The Sterling Apartment 12/01/95 Fee ownership Residential Apartments Homes and Commerce Center (537 units) Philadelphia, Pennsylvania Commercial Center (111,741 sq. ft.)

Description of Properties. Set forth below is a table showing the location, the date of purchase, the nature of the Partnership's ownership interest in and the use of each of the Partnership's properties. DATE OF PROPERTY PURCHASE TYPE OF OWNERSHIP USE -------- -------- ----------------- --- The Loft Apartments 11/19/90 Fee ownership Residential Apartments Raleigh, North Carolina (subject to first mortgage) (188 units) The Sterling Apartment 12/01/95 Fee ownership Residential Apartments Homes and Commerce Center (537 units) Philadelphia, Pennsylvania Commercial Center (111,741 101,418 sq. ft.)