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                                                                  Exhibit (a)(1)


                             McCombs Realty Partners

                                  July 22, 1999

Dear Limited Partner:

         Enclosed is the Schedule 14D-9 which was filed by McCombs Realty
Partners (the "Partnership") with the Securities and Exchange Commission in
connection with an offer by AIMCO Properties, L.P., a Delaware limited
partnership (the "AIMCO Operating Partnership"), to purchase units of limited
partnership interest in the Partnership.

         The Partnership's general partner, CRPTEX, Inc., is a subsidiary of the
AIMCO Operating Partnership and therefore has certain conflicts of interest in
connection with the response to the offer. THE PARTNERSHIP AND THE GENERAL
PARTNER ARE REMAINING NEUTRAL AND MAKING NO RECOMMENDATION AS TO WHETHER
LIMITED PARTNERS SHOULD TENDER OR REFRAIN FROM TENDERING THEIR UNITS. Although
the general partner believes the offer is fair, limited partners must make their
own decision whether or not to participate in the offer, based upon a number of
factors, including a limited partner's financial position, the need or desire
for liquidity, other available financial opportunities, and a limited partner's
tax position and the tax consequences to a limited partner of selling his or her
units.

         Limited Partners should carefully read the enclosed Schedule 14D-9, the
Offer to Purchase of the AIMCO Operating Partnership, dated July 22, 1999
relating to the offer to acquire units of the Partnership (the "Offer to
Purchase"), and the related Letter of Transmittal and Instructions. Certain
information in the Schedule 14D-9 is incorporated by reference to the Offer to
Purchase.

                                             CRPTEX, INC.
                                             General Partner


                                             By: /s/ Patrick J. Foye
                                                --------------------------
                                                Patrick J. Foye
                                                Executive Vice President