Exhibit 99

Debt Summary Schedule

							MATURITY	YEARS TO
PROPERTY		LENDER	RATE		BALANCE		DATE	MATURITY
FIXED RATE SECURED
Cypress Place		Reilly - Fannie Mae		7.130		5,863,958	01/01/08		0.00
Virginia Village		Wachovia - Svcr		6.910		8,579,507	01/01/08		0.00
Racquet Club South		NorthMarq - Freddie		6.980		2,734,653	07/01/08		0.50
Westwood Village - 1st	(1)	M and T Bank		5.940		14,698,073	10/31/08		0.84
Stone Ends		Prudential-Fannie Mae		4.530		22,368,343	11/01/08		0.84
Westwood Village - 2nd	(1)	M and T Bank		5.940		814,439	11/01/08		0.84
Westwood Village - 3rd		M and T Bank		5.550		17,106,812	11/01/08		0.84
Golf Club Apartments		ARCS - Fannie		6.585		15,041,002	12/01/08		0.92
Devonshire - 2nd		Wachovia - Fannie Mae		6.720		4,542,476	01/01/09		1.01
Heritage Square		CharterMac-Fannie		5.150		6,179,239	07/01/09		1.50
Blackhawk		M&T Realty - Freddie Mac		5.060		13,013,974	12/01/09		1.92
William Henry		NorthMarq - Freddie		5.310		22,134,007	12/01/09		1.92
Braddock Lee		Prudential-Fannie Mae		4.575		20,851,254	01/01/10		2.01
Elmwood Terrace		CharterMac-Fannie Mae		5.300		20,665,519	01/01/10		2.01
Glen Manor		Prudential-Fannie Mae		5.065		5,685,951	01/01/10		2.01
Hill Brook Apts		M&T Realty - Freddie Mac		5.210		10,977,516	01/01/10		2.01
Lakeview		Prudential-Fannie Mae		4.575		8,484,172	01/01/10		2.01
Pleasure Bay		Prudential-Fannie Mae		4.575		14,749,538	01/01/10		2.01
Ridley Brook		Prudential-Fannie Mae		4.865		9,472,737	01/01/10		2.01
Sherry Lake		GMAC - Freddie Mac		5.180		19,087,571	01/01/10		2.01
Windsor Realty		Prudential-Fannie Mae		4.575		4,567,010	01/01/10		2.01
Bayview Apartments		M&T Realty - Freddie Mac		4.950		11,295,237	03/01/10		2.17
East Winds Apartments		M&T Realty - Freddie Mac		4.990		6,415,353	03/01/10		2.17
Multi-Property		M&T Realty - Freddie Mac		7.575		45,400,000	05/01/10		2.33
Cider Mill - 1st	(1)	Deutsche Bank - Freddie		4.720		41,561,821	10/01/10		2.75
Cider Mill - 2nd		Deutsche Bank - Freddie		5.180		17,816,809	10/01/10		2.75
Cider Mill - 3rd		Deutsche Bank - Freddie		4.810		9,000,000	10/01/10		2.75
Home Properties of Devon		Prudential-Fannie Mae		7.500		28,892,000	10/01/10		2.75
The Heights at Marlborough - 1st	(1)	Deutsche Bank - Freddie		5.420		22,783,069	10/01/10		2.75
The Heights at Marlborough - 2nd		Deutsche Bank - Freddie		4.890		5,370,000	10/01/10		2.75
Trexler Park		Prudential-Fannie Mae		7.500		10,140,000	10/01/10		2.75
Multi-Property		Prudential-Fannie Mae		7.250		32,978,000	01/01/11		3.01
Multi-Property		Prudential-Fannie Mae		6.360		8,141,000	01/01/11		3.01
Multi-Property		Prudential-Fannie Mae		6.160		58,881,000	01/01/11		3.01
Orleans Village - 1st		Prudential-Fannie Mae		6.815		43,745,000	01/01/11		3.01
Orleans Village - 2nd		Prudential-Fannie Mae		5.360		22,248,000	01/01/11		3.01
New Orleans/Arbor Crossing		Prudential-Fannie Mae		4.860		18,844,256	03/01/11		3.17
Racquet Club East - 1st		Prudential-Fannie Mae		6.875		20,950,795	04/01/11		3.25
Racquet Club East - 2nd		Prudential-Fannie Mae		5.490		10,234,788	04/01/11		3.25
Timbercroft Townhomes 1 - 1st		GMAC - HUD		8.500		385,210	05/01/11		3.33
The Meadows at Marlborough	(1)	Prudential - Fannie Mae		5.500		21,015,941	08/01/11		3.59
Lake Grove - 1st		Prudential-Fannie Mae		6.540		25,493,370	12/01/11		3.92
Lake Grove - 2nd		Prudential-Fannie Mae		5.510		10,975,059	12/01/11		3.92
Mount Vernon Square	(1)	KeyBank RE Cap-Fannie		5.490		88,448,630	01/01/12		4.01
Multi-Property Notes Pay		Seller Financing		4.000		415,831	02/01/12		4.09
Timbercroft III - 1st		GMAC - HUD		8.000		579,753	02/01/12		4.09
Castle Club Apartments		NorthMarq - Freddie		7.080		6,532,869	05/01/12		4.34
Gateway Village		Prudential-Fannie Mae		6.885		6,759,160	05/01/12		4.34
The Colonies		Prudential-Fannie Mae		7.110		19,851,969	06/01/12		4.42
Carriage Hill - NY		M&T Realty - Freddie Mac		6.850		5,602,699	07/01/12		4.50
Lakeshore Villas		M&T Realty - Freddie Mac		6.850		4,841,666	07/01/12		4.50
Patricia Apts		M&T Realty - Freddie Mac		6.830		5,134,581	07/01/12		4.50
Sunset Gardens - 1st		M&T Realty - Freddie Mac		6.830		5,694,716	07/01/12		4.50
Sunset Gardens - 2nd		M&T Realty - Freddie Mac		5.520		2,734,505	07/01/12		4.50
Woodholme Manor		Prudential-Fannie Mae		7.165		3,640,172	07/01/12		4.50
Regency Club - 1st	(1)	CharterMac-Fannie Mae		4.840		17,937,127	10/01/12		4.76
Regency Club - 2nd		CharterMac-Fannie Mae		4.950		7,613,059	10/01/12		4.76
Liberty Place	(1)	CW Capital- Fannie		5.710		6,333,553	11/01/12		4.84
Hackensack Gardens - 1st		Wash Mutual-Fannie Mae		5.260		4,651,271	03/01/13		5.17
Hackensack Gardens - 2nd		Wash Mutual-Fannie Mae		5.440		4,488,049	03/01/13		5.17
Topfield Apartments		M&T Realty-Fannie Mae		5.300		6,244,677	04/01/13		5.25
Canterbury Apartments		M&T Realty-Fannie Mae		5.020		28,525,150	05/01/13		5.34
Morningside		JPMorganChase		6.990		16,445,202	05/01/13		5.34
Multi-Property		Prudential - Fannie Mae		6.475		100,000,000	08/31/13		5.67
Heritage Woods Apts	(1)	MMA Realty - Fannie		5.290		5,045,574	09/01/13		5.67
Falkland Chase		CharterMac-Fannie Mae		5.480		13,590,331	04/01/14		6.25
The Apts. At Wellington Trace		M&T Realty - Freddie Mac		5.520		25,217,486	04/01/14		6.25
Hawthorne Court		CharterMac-Fannie Mae		5.270		36,582,008	07/01/14		6.50
Curren Terrace - 1st		M&T Realty - Freddie Mac		5.360		14,287,662	10/01/14		6.76
Curren Terrace - 2nd		M&T Realty - Freddie Mac		5.090		10,250,000	10/01/14		6.76
Stratford Greens		North Fork Bank		5.750		32,608,143	07/01/15		7.50
Sayville Commons		M&T Realty - Freddie Mac		5.000		42,047,579	08/01/15		7.59
Northwood Apartments		M&T Realty - Freddie Mac		5.500		10,675,000	12/01/15		7.92
Cinnamon Run - 1st		M&T Realty - Freddie Mac		5.250		52,300,000	01/01/16		8.01
Cinnamon Run - 2nd		M&T Realty - Freddie Mac		5.550		5,409,449	01/01/16		8.01
Peppertree Farm - 1st		M&T Realty - Freddie Mac		5.250		80,500,000	01/01/16		8.01
Peppertree Farm - 2nd		M&T Realty - Freddie Mac		5.550		1,967,068	01/01/16		8.01
The Hamptons/Vinings at Hamptons		Prudential-Fannie Mae		5.565		53,436,513	02/01/16		8.09

Exhibit 99 - Page 1

				MATURITY	YEARS TO
PROPERTY	LENDER	RATE	BALANCE	DATE	MATURITY

Devonshire - 1st		Wachovia - Fannie Mae	5.600		39,071,019		04/01/16	8.26
Mid-Island		Prudential-Fannie Mae	5.480		19,913,000		04/01/16	8.26
Owings Run 1 & 2		Prudential-Fannie Mae	5.590		43,081,000		04/01/16	8.26
Country Village		CharterMac-Fannie Mae	5.520		19,608,361		06/01/16	8.42
Fox Hall Apartments		Columbia Nat'l - Freddie	5.610		47,000,000		06/01/17	9.42
Mill Towne Village		Prudential-Fannie Mae	5.990		24,239,000		09/01/17	9.68
Royal Gardens Apts.		M&T Realty - Freddie Mac	5.830		47,000,000		11/01/17	9.84
Village Square 1, 2 & 3		Prudential-Fannie Mae	5.810		39,285,000		12/01/17	9.93
Chatham Hill		M&T Realty - Freddie Mac	5.590		45,000,000		01/01/18	10.01
Seminary Towers Apartments		Prudential-Fannie Mae	5.485		53,515,000		07/01/18	10.51
Bonnie Ridge - 1st		Prudential Life	6.600		14,078,380		12/15/18	10.96
Bonnie Ridge - 2nd		Prudential Life	6.160		18,776,557		12/15/18	10.96
Bonnie Ridge - 3rd		Prudential Life	6.070		25,897,068		12/15/18	10.96
Timbercroft III - 2nd		M & T Realty - HUD	8.375		2,669,065		06/01/19	11.42
Timbercroft Townhomes 1 - 2nd		M & T Realty - HUD	8.375		1,812,093		06/01/19	11.42
Dunfield Townhomes		Centerline Capital	5.250		13,075,569		09/01/28	20.68
Bari Manor	(1)	Wachovia (Servicer)	4.440		2,644,155		10/11/28	20.79
Hudson View Estates	(1)	Wachovia (Servicer)	4.500		2,052,092		10/11/28	20.79
Sherwood Townhouses	(1)	Wachovia (Servicer)	4.290		639,522		10/11/28	20.79
Sparta Green	(1)	Wachovia (Servicer)	4.440		1,671,730		10/11/28	20.79
Highland House	(1)	Arbor Comml - Fannie	6.320		6,402,197		01/01/29	21.02
Westwoods	(1)	Capstone Realty - HUD	5.940		3,707,087		06/01/34	26.44
Briggs-Wedgewood	(2)	Berkshire Mtg - HUD	6.000		16,523,782		11/01/34	26.85
The Village At Marshfield	(1)	Capstone Realty - HUD	5.950		23,866,549		01/01/42	34.03
WTD AVG - FIXED SECURED			5.764		1,958,104,136			6.37
VARIABLE RATE SECURED
Barrington Gardens 30L+165		Wachovia Bank	6.720		3,990,000		03/15/08	0.21
Falkland Chase BMA Index + 1.10		MontCtyHOC-Fannie Mae	4.288		24,695,000		10/01/30	22.77
Adjusts Weekly
WTD AVG - VARIABLE SECURED			4.626		28,685,000			19.63
WTD AVG - TOTAL SECURED DEBT			5.747		1,986,789,136			6.56
FIXED RATE UNSECURED
Exchangeable Senior Notes			4.125		200,000,000		11/01/26	18.85
VARIABLE RATE UNSECURED - LINE OF CREDIT
Unsecured Line of Credit		M and T Bank et. al.	5.350		2,500,000		09/01/08	0.67
Adjusts Daily  30 LIBOR + 75
TOTAL COMBINED DEBT			5.599	$	2,189,289,136			7.67
% OF PORTFOLIO - FIXED					98.6	%
WTG AVG - TOTAL SECURED DEBT			5.747					6.56
WTD AVG - TOTAL PORTFOLIO			5.599					7.67

UNENCUMBERED PROPERTIES					FIXED RATE
					MATURING DEBT SCHEDULE
						MATURING		WTD AVG		% OF
					YEAR	DEBT		RATE		TOTAL
Beechwood Gardens	160		Sherwood House	6	2007	$	-				0.00	%
Cambridge Village	82		Southern Meadows	452	2008		87,206,788		5.82		4.45	%
Courtyards Village	224		Terry Apartments	65	2009		45,869,696		5.36		2.34	%
Coventry Village	94		The Brooke at Peachtree	146	2010		313,215,555		5.65		16.00	%
East Hill Gardens	33		The Colony	783	2011		273,892,419		6.24		13.99	%
Gardencrest	696		The Coves at Chesapeake	469	2012		182,120,291		5.89		9.30	%
Glen Brook	177		The Landings	384	2013		165,399,922		6.13		8.45	%
Holiday Square	144		The Sycamores	185	2014		99,927,487		5.36		5.10	%
Jacob Ford Village	270		The Townhomes of Beverly	204	2015		85,330,722		5.35		4.36	%
Liberty Commons	120		Trexler Park	168	2016		315,286,409		5.43		16.10	%
Maple Tree	84		Wayne Village Apartments	275	2017 - 2042		389,854,846		5.80		19.91	%
Mill Co	95		Woodleaf Apartments	228	TOTAL	$	1,958,104,136		5.76		100.00	%
Rider Terrace	24		Yorkshire Village	40
Ridgeview Chase	204
Total Unencumbered Properties:		27	Total Units:	5,812

Exhibit 99 - Page 2