SCHEDULE OF OMITTED

                                 PROMISSORY NOTE

The Company has also entered  into five  additional  Promissory  Notes which are
substantially  identical to the Promissory Note previously filed as Exhibit 10.9
to the Annual  Report on Form 10-K of the  Registrant  for the fiscal year ended
December 31, 1998,  Commission  File No. 1-9360,  filed on March 24, 1999 in all
material  respects  except as to the  Borrower,  Principal  Balance  and Monthly
Payment.  Listed below are the material  details in which such documents  differ
from  the  document  filed  as part of the Form of  Promissory  Note to  General
Electric Capital Assurance Company.



                     Borrower                Principal Balance   Monthly Payment
- ------------------------------------------- ------------------- ----------------

AIOP Brentwood West, L.L.C.                   $  7,400,000.00     $  51,669.00

AIOP Serendipity, L.L.C.                      $  4,900,000.00     $  36,534.00

Prime-Forest Partners                         $  1,955,000.00     $  14,994.00

Asset Investors Operating Partnership, L.P.   $  1,250,000.00     $   9,587.00

Asset Investors Operating Partnership, L.P.   $  4,700,000.00     $  36,552.00