X0202 4 2004-05-21 0 0000768598 DAVIDSON INCOME REAL ESTATE LP NONE 0000922864 APARTMENT INVESTMENT & MANAGEMENT CO 4582 SOUTH ULSTER STREET PARKWAY SUITE 1100 DENVER CO 80237 0 0 1 0 Limited Partnership Units 2004-05-21 4 P 0 16.0000 81.7200 A 12311.5000 I See Footnote Below These Limited Partnership Units ("Units") were directly purchased by AIMCO Properties, L.P. ("AIMCO Properties"). Consists of 7911.5 Units held by AIMCO Properties; 570 Units held by AIMCO IPLP, L.P. ("IPLP"); and 3830 Units held by Cooper River Properties, L.L.C. ("Cooper"). AIMCO Properties is a joint filer with AIMCO-GP, Inc. ("AIMCO-GP") and Apartment Investment and Investment Company ("AIMCO") for purposes of Section 13(d) reporting of the Exchange Act. AIMCO-GP is the sole general partner of AIMCO Properties and a wholly-owned subsidiary of AIMCO. IPLP is a joint filer with AIMCO/IPT, Inc. ("AIMCO/IPT") and AIMCO for purposes of Section 13(d) reporting of the Exchange Act. AIMCO/IPT is the sole general partner of IPLP and a wholly-owned subsidiary of AIMCO. Cooper is a joint filer with AIMCO, AIMCO/IPT and IPLP for purposes of Section 13(d) reporting of the Exchange Act. Cooper is a wholly-owned subsidiary of IPLP, whose general partner is AIMCO/IPT, a wholly-owned subsidiary of AIMCO. /s/ Derek McCandless Assistant Secretary Apartment Investment and Management Company 2004-05-24