Agreement

Agreement of Joint Filing

Exhibit 10.1
AGREEMENT OF JOINT FILING
     The parties listed below agree that the Amendment No. 34 to Schedule 13D to which this agreement is attached as an exhibit, and all further amendments thereto, shall be filed on behalf of each of them. This Agreement is intended to satisfy Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended. This Agreement may be executed in any number of counterparts, each of them shall be deemed an original, but all of which together shall constitute one and the same instrument.
Dated: May 14, 2009
             
    AIMCO PROPERTIES, L.P.    
 
           
 
  By:   AIMCO-GP, INC.    
 
      (General Partner)    
 
           
    AIMCO-GP, INC.    
 
           
    APARTMENT INVESTMENT AND MANAGEMENT COMPANY    
 
           
    AIMCO IPLP, L.P.    
 
           
 
  By:   AIMCO/IPT, INC.    
 
      (General Partner)    
 
           
    AIMCO/IPT, INC.    
 
           
    COOPER RIVER PROPERTIES, L.L.C.    
 
           
    MADISON RIVER PROPERTIES, L.L.C.    
 
           
 
  By:   /s/ Steve Cordes
 
Senior Vice President
   
 
      of each of the foregoing entities