EXHIBIT 7.5 AGREEMENT OF JOINT FILING Insignia Properties Trust and Apartment Investment and Management Company agree that the Statement on Schedule 13D to which this Agreement is attached as an exhibit, and all future amendments to this Statement,...

                                                                    EXHIBIT 7.5

                          AGREEMENT OF JOINT FILING

Insignia Properties Trust and Apartment Investment and Management Company agree
that the Statement on Schedule 13D to which this Agreement is attached as an
exhibit, and all future amendments to this Statement, shall be filed on behalf
of each of them. This Agreement is intended to satisfy Rule 13d-1(f) under the
Securities Exchange Act of 1934, as amended. This Agreement may be executed in
any number of counterparts, each of which shall be deemed an original, but all
of which together shall constitute one and the same instrument.

Dated: February 19, 1999
                                              INSIGNIA PROPERTIES TRUST

                                              By:  /S/ XXXXXXX X. XXXX
                                                   ------------------------
                                                   Xxxxxxx X. Xxxx
                                                   Executive Vice President

                                              APARTMENT INVESTMENT AND
                                              MANAGEMENT COMPANY

                                              By:  /S/ XXXXXXX X. XXXX
                                                   ------------------------
                                                   Xxxxxxx X. Xxxx
                                                   Executive Vice President

                                 Page 20 of 20