Exhibit 10 (iii) (j)

                                                       Loan No. 734079850
                                                       Lake Johnson Mews

                                MULTIFAMILY NOTE
US $4,350,000.00
                                                           New York, New York
                                                      As of  November 1, 1996

     For Value Received, the undersigned promise to pay LEHMAN BROTHERS HOLDINGS
INC. d/b/a Lehman Capital, A Division of Lehman Brothers Holdings Inc., 3 World
Financial Center, New York, New York 10285, or order, the principal sum of Four
Million Three Hundred Thousand and 00/100 Dollars, with interest on the unpaid
principal balance from the date of this Note, until paid, at the rate of 7.33
percent per annum. Interest only shall be payable at 3 World Financial Center,
New York, New York 10285, or such other place as the holder hereof may designate
in writing, in consecutive monthly installments of Twenty-Six Thousand Five
Hundred Seventy-One and 25/100 Dollars (US $26,571.25) on the first day of each
month beginning December 1, 1996, until the entire indebtedness evidenced hereby
is fully paid, except that any remaining indebtedness, if not sooner paid, shall
be due and payable on November 1, 2003.

     If any installment under this Note is not paid when due, the entire
principal amount outstanding hereunder and accrued interest thereon shall at
once become due and payable, at the option of the holder hereof.  The holder
hereof may exercise this option to accelerate during any default by the
undersigned regardless of any prior forbearance.  In the event of any default in
the payment of this Note, and if the same is referred to an attorney at law for
collection or any action at law or in equity is brought with respect hereto, the
undersigned shall pay the holder hereof all expenses and costs, including, but
not limited to, attorney's fees.

     Prepayments shall be applied against the outstanding principal balance of
this Note and shall not extend or postpone the due date of any subsequent
monthly installments or change the amount of such installments, unless the
holder hereof shall agree otherwise in writing.  The holder hereof may require
that any partial prepayments be made on the date monthly installments are due
and be in the amount of that part of one or more monthly installments which
would be applicable to principal.

     From time to time, without affecting the obligation of the undersigned or
the successors or assigns of the undersigned to pay the outstanding principal
balance of this Note and observe the covenants of the undersigned contained
herein, without affecting the guaranty of any person, corporation, partnership
or other entity for payment of the outstanding principal balance of this Note,
without giving notice to or obtaining the consent of the undersigned, the
successors or assigns of the undersigned or guarantors, and without liability on
the part of the holder hereof, the holder hereof may, at the option of the
holder hereof, extend the time for payment of said outstanding principal balance
or any part thereof, reduce the payments thereon, release anyone liable on any
of said outstanding principal balance, accept a renewal of this Note, modify the
terms and time of payment of said outstanding principal balance, join in any
extension or subordination agreement, release any security given herefor, take
or release other or additional security, and agree in writing with the
undersigned to modify the rate of interest or period of amortization of this
Note or change the amount of the monthly installments payable hereunder.

     Presentment, notice of dishonor, and protest are hereby waived by all
makers, sureties, guarantors and endorsers hereof.  This Note shall be the joint
and several obligation of all makers, sureties, guarantors and endorsers, and
shall be binding upon them and their successors and assigns.

     The indebtedness evidenced by this Note is secured by a Mortgage or Deed of
Trust dated as of the date hereof, and reference is made thereto for rights as
to acceleration of the indebtedness evidenced by this Note.  This Note shall be
governed by the law of the jurisdiction in which the Property subject to the
Mortgage or Deed of Trust is located.

     The undersigned shall pay any installment of interest due hereunder within
ten (10) calendar days after such installment of interest is due.  The
undersigned shall pay any other installment due hereunder or due in accordance
with the terms of the Mortgage or Deed of Trust securing this Note, within
thirty (30) calendar days of the date such installment is due.

     IN WITNESS WHEREOF, Borrower has executed this Note under seal or has
caused the same to be executed under seal by its representatives thereunto duly
authorized.


                    SHELTER PROPERTIES V LIMITED PARTNERSHIP,
                    a South Carolina limited partnership [Seal]
[Corporate Seal]
                    By:  Shelter Realty V Corporation, a South Carolina
                         corporation, its general partner

ATTEST:
/s/ Kelley M. Buechler        BY:  /s/ William H. Jarrard, Jr.
Assistant Secretary           Name:  William H. Jarrard, Jr.
                              Title: President


                    PAY TO THE ORDER OF FEDERAL HOME LOAN
                    MORTGAGE CORPORATION WITHOUT RECOURSE.
                    This   1st  day of November, 1996.

                    LEHMAN BROTHERS HOLDINGS INC. d/b/a
                    Lehman Capital, A Division of Lehman Brothers
                    Holdings Inc., a Delaware corporation

                    By:  /s/ Larry J. Kravetz
                         Name:  Larry J. Kravetz
                         Title: Authorized Signatory