<ARTICLE> 5 <LEGEND> The Schedule contains summary financial information extracted from the financial statements for Cambridge + Related Housing Properties L.P. and is qualified in its entirety by reference to such financial statements </LEGEND> <CIK> 0000718915 <NAME> Cambridge + Related Housing Properties L.P. <MULTIPLIER> 1 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> FEB-28-1997 <PERIOD-START> MAR-01-1996 <PERIOD-END> FEB-28-1997 <CASH> 15,363,974 <SECURITIES> 201,986 <RECEIVABLES> 303,172 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 1,164,356 <PP&E> 173,714,196 <DEPRECIATION> 80,183,677 <TOTAL-ASSETS> 110,362,021 <CURRENT-LIABILITIES> 9,536,121 <BONDS> 184,080,536 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> (83,254,636) <TOTAL-LIABILITY-AND-EQUITY> 110,362,021 <SALES> 0 <TOTAL-REVENUES> 37,586,529 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 36,628,733 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 7,824,329 <INCOME-PRETAX> (6,866,533) <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 5,069,484 <CHANGES> 0 <NET-INCOME> (1,815,515) <EPS-PRIMARY> (179) <EPS-DILUTED> 0