<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> 3-MOS <FISCAL-YEAR-END> FEB-28-1998 <PERIOD-START> MAR-01-1997 <PERIOD-END> MAY-31-1997 <CASH> 13,810,108 <SECURITIES> 202,888 <RECEIVABLES> 277,355 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 882,558 <PP&E> 173,909,193 <DEPRECIATION> 81,642,525 <TOTAL-ASSETS> 107,439,577 <CURRENT-LIABILITIES> 8,066,171 <BONDS> 184,713,851 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> (85,340,444) <TOTAL-LIABILITY-AND-EQUITY> 107,439,577 <SALES> 0 <TOTAL-REVENUES> 7,283,436 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 7,466,234 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 1,901,242 <INCOME-PRETAX> (2,084,177) <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (2,084,177) <EPS-PRIMARY> (208) <EPS-DILUTED> 0