<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> 6-MOS <FISCAL-YEAR-END> FEB-28-1999 <PERIOD-START> MAR-01-1998 <PERIOD-END> AUG-31-1998 <CASH> 13,649,481 <SECURITIES> 77,226 <RECEIVABLES> 240,515 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 1,245,897 <PP&E> 127,553,263 <DEPRECIATION> 66,220,404 <TOTAL-ASSETS> 76,545,978 <CURRENT-LIABILITIES> 4,902,638 <BONDS> 133,532,623 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> (61,889,283) <TOTAL-LIABILITY-AND-EQUITY> 76,545,978 <SALES> 0 <TOTAL-REVENUES> 17,094,188 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 11,506,875 <LOSS-PROVISION> 3,191,072 <INTEREST-EXPENSE> 2,778,428 <INCOME-PRETAX> (382,187) <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 15,008,902 <CHANGES> 0 <NET-INCOME> 14,005,421 <EPS-PRIMARY> 1,381 <EPS-DILUTED> 0