<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-1-1998 <PERIOD-END> MAY-31-1998 <CASH> 12,496,975 <SECURITIES> 206,241 <RECEIVABLES> 243,947 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 721,134 <PP&E> 136,660,881 <DEPRECIATION> 69,694,599 <TOTAL-ASSETS> 80,634,579 <CURRENT-LIABILITIES> 4,341,957 <BONDS> 135,544,823 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> (59,252,201) <TOTAL-LIABILITY-AND-EQUITY> 80,634,579 <SALES> 0 <TOTAL-REVENUES> 12,162,294 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 8,992,102 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 1,399,479 <INCOME-PRETAX> 1,770,713 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 14,993,140 <CHANGES> 0 <NET-INCOME> 16,762,900 <EPS-PRIMARY> 1670 <EPS-DILUTED> 0