137
<TABLE>
CARDINAL REALTY SERVICES, INC.
INDIVIDUAL PROPERTY FINANCIAL INFORMATION SUMMARY (UNAUDITED)
BASED ON PROPERTIES OWNED AS OF DECEMBER 31, 1996
<CAPTION>
                               SELECTED FINANCIAL INFORMATION (ACCRUAL BASIS)
                               -----------------------------------------------------------------------------------------------
                                                                               Laundry
                                                                               Vending
                                                 Rent   Interest   Security    & Other                                  Net
Prop#     Name                 Loc  Units       Revenue  Revenue   Deposits    Revenue    Vacancies    Bad Debts      Revenues
==============================================================================================================================

      WHOLLY OWNED PROPERTIES
      ============================

<S>   <C>                       <C>  <C>        <C>        <C>      <C>         <C>        <C>          <C>           <C>
1375  RIVERVIEW ESTATES         OH   100        391,632    2,233      3,642      9,197     (26,744)      (2,671)      377,289
1377  APPLE RIDGE I             OH    60        262,425      487      4,119      3,345     (26,694)      (7,994)      235,688
1389  THE WILLOWS I             OH    50        224,914    3,967      2,753      1,298     (28,334)      (3,732)      200,867
1439  MONTROSE SQUARE           OH   129        575,970    2,711      6,835     (1,237)    (85,889)     (28,888)      469,500
1542  SPRINGWOOD                KY    54        215,764    2,359      2,330      1,164      (5,953)        (560)      215,104
1620  MEADOWOOD                 OH    40        179,732    2,227      1,122     (7,463)    (13,275)        (552)      161,790
1672* RIDGEWOOD ELHART          IN    71        140,280        0          0      6,210      (7,485)      (1,886)      137,119
1690  HEATHMOORE I              MI    60        386,582    2,014      3,206      4,548      (9,737)      (3,203)      383,410
1750  CEDARWOOD II              KY    48        240,426    1,242      3,557      2,514     (16,673)      (4,834)      226,233
1780  BRUNSWICK                 IL    82        413,537    3,003      1,399      3,072     (17,789)      (2,072)      401,149
1786  SPICEWOOD                 IN    53        267,249      149      2,112      3,093      (7,581)      (4,605)      260,418
1806  WINTHROP CT II            OH    38        195,737      415      1,487      2,038     (15,186)      (2,500)      181,991
1809  MEADOWOOD II              IN    75        339,655    4,318      3,612      3,884     (37,520)      (6,550)      307,400
1810  ACADIA CT II              IN   105        548,878    2,395     15,106      7,607     (23,765)     (14,513)      535,709
1814  ASHFORD HILL              OH    79        372,358    1,476      5,255      6,386     (13,412)     (18,845)      353,217
1816  CEDARWOOD III             KY    48        242,823    1,784      3,230      3,561     (19,860)      (5,335)      226,203
1822  MARABOU MILLS I           IN    88        434,537    2,728      2,834      8,832     (32,020)      (8,935)      407,975
1823  ELMTREE PARK I            IN    74        362,029    1,551        255      6,854     (29,882)      (4,086)      336,720
1824  AMESBURY I                OH    69        311,770    1,219      1,562      4,489     (31,167)      (5,416)      282,458
1825  BRADFORD PL               IL    69        319,609      718      1,332      4,497     (12,198)        (441)      313,517
1830  SHERBROOK                 IN    78        406,568    1,208      4,344      5,865     (37,131)      (7,898)      372,956
1833  HAYFIELD PARK             KY    88        416,692    1,870      4,572      6,609     (20,177)      (3,675)      405,892
1838  CEDARGATE II              KY    58        269,120      107      2,292      2,027     (11,449)         (34)      262,063
1839  DARTMOUTH PL II           OH    49        276,045    2,820      1,794      2,016      (9,319)      (1,184)      272,172
1841  WILLOWOOD II              OH    65        286,099    1,353      3,646      2,649     (27,799)      (5,011)      260,936
1843  DOGWOOD GLEN I            IN    85        427,154    1,561      2,563      5,511     (14,295)      (1,567)      420,926
1846  CHERRY GLEN I             IN    72        345,542      890       (697)     4,592     (21,625)      (2,758)      325,944
1853  FOXHAVEN                  OH   108        494,882    3,585      2,928        856     (37,142)      (3,581)      461,529
1859  ANNHURST II               OH    54        252,210    1,387        196      5,033     (13,938)         133       245,021
1863  HUNTER GLEN               IL    66        334,582    2,932      1,311      3,086     (32,292)      (2,277)      307,342
1869  HARVEST GROVE I           OH    74        351,145    1,372        524      4,760     (16,175)           0       341,626
1871  CLEARWATER                OH    43        238,751    2,823      1,755      3,088      (8,981)      (1,968)      235,468
1877  SHERBROOK                 PA    74        478,893    4,294      3,090      7,219      (8,485)      (2,141)      482,870
1880  ARAGON WOODS              IN    69        343,592    1,016      3,702      3,583     (27,465)     (11,903)      312,526
1885  NEWBERRY II               MI    48        255,375    2,109        241      1,255      (7,433)           0       251,547
1887  RIVER GLEN I              OH    61        292,048    2,264      2,955      4,033     (23,142)      (2,030)      276,127
1889  APPLEGATE II              IN    80        398,786    2,152      3,301      2,053     (19,763)      (1,823)      384,706
1895  ROSEWOOD COMMONS II       IN    77        373,503    4,333       (853)     5,879     (26,754)      (2,627)      353,481
1898  RIDGEWOOD II              IN   100        442,942    5,708      2,770      2,950     (21,590)      (3,319)      429,461
1908  CHERRY GLENN II           IN    69        343,392    1,785         80      4,832     (18,087)      (3,487)      328,515
1909  LINDENDALE                OH    78        365,755    1,115        617      5,861     (19,488)      (2,743)      351,117
1911  ELMTREE PARK II           IN    53        263,229      560       (134)     2,888     (23,495)      (3,005)      240,043
1914  WOODLANDS II              PA    62        348,577    1,568      1,903      2,703     (16,547)      (4,205)      334,000
1917  WILLOWOOD II              IN    58        278,453    2,121      2,568      1,213      (5,619)        (228)      278,508
1935  RED DEER II               OH    63        322,774    2,492      2,013      1,922      (2,311)         (97)      326,795
1936  SUFFOLK GROVE II          OH    49        273,950    1,911      1,455      1,752      (6,621)      (2,128)      270,320
1937  THE WILLOWS III           OH    44        211,380    1,564      4,090      4,158     (11,426)      (4,819)      204,946
1946  AMBERWOOD                 OH    64        305,410    1,380      3,005     (1,493)    (38,385)      (5,433)      264,484
1966  RIVER GLEN II             OH    53        273,618      933      2,367      3,299     (29,866)      (5,393)      244,958
1982  MARABOU MILLS III         IN    59        310,494      478      1,427      3,081     (21,455)      (1,640)      292,386
1983  CAMBRIDGE COMMONS III     IN    77        345,406    1,166      1,899      6,113     (80,585)      (6,872)      267,126
1986  GARDEN CT                 MI   103        561,254    1,397      2,657      4,885     (14,753)      (2,646)      552,795
1005  ANNHURST III              OH    52        259,351    3,153      1,097      1,968     (23,699)      (2,354)      239,516
1039  LAUREL BAY                MI    69        392,210    4,189      2,284      9,307     (32,905)     (10,758)      364,327
2137  WINDWOOD I                FL    64        291,076    2,075      1,263      6,352     (46,853)      (9,210)      244,702
2208  GARDEN TERRACE I          FL    59        258,524    3,863      1,735      4,354     (24,952)      (6,282)      237,241
2385  CANTERBURY CROSSINGS      FL    71        466,010    4,295      6,047      2,517      (4,635)      (3,354)      470,879
</TABLE>
<PAGE>
                                      138
<TABLE>
CARDINAL REALTY SERVICES, INC.
INDIVIDUAL PROPERTY FINANCIAL INFORMATION SUMMARY (UNAUDITED)
BASED ON PROPERTIES OWNED AS OF DECEMBER 31, 1996
<CAPTION>
                               SELECTED FINANCIAL INFORMATION (ACCRUAL BASIS)
                               -----------------------------------------------------------------------------------------------
                                                                               Laundry
                                                                               Vending
                                                 Rent   Interest   Security    & Other                                  Net
Prop#     Name                 Loc  Units       Revenue  Revenue   Deposits    Revenue    Vacancies    Bad Debts      Revenues
==============================================================================================================================

      WHOLLY OWNED PROPERTIES
      ============================

<S>   <C>                      <C> <C>       <C>         <C>        <C>        <C>      <C>            <C>         <C>
2455  THYMEWOOD II              FL    70        493,949    2,487      2,907     12,461     (26,924)     (11,760)      473,120
2462  FOREST GLEN               FL    73        340,395    1,934      7,272      5,486     (13,349)      (2,064)      339,674
2469  BEL AIRE II               FL    51        314,980      897      5,585      8,119     (17,364)      (4,186)      308,030
2479  HERON POINTE              FL    99        496,690    2,062      3,556      3,689     (12,792)      (1,925)      491,279
2482  OAKWOOD VILLAGE           FL    75        313,215    1,485      3,271        677     (32,892)        (315)      285,441
2487  RIVERS END II             FL    69        348,768    2,144      3,945      4,516      (7,197)      (3,495)      348,680
2501  WHISPERING PINES II       FL    44        206,421    1,040      3,620      1,759     (27,935)      (2,557)      182,349
2512  SKY PINES II              FL    52        263,836    1,066      3,378      4,242     (18,715)     (16,881)      236,926
2513  CRYSTAL CT II             FL    80        340,101    1,809      2,545     (1,870)    (33,538)      (7,831)      301,216
2515  HIDDEN ACRES              FL    94        454,719    2,007      5,735      5,664     (18,496)     (12,177)      437,452
2519  CENTRE LAKE III           FL   235      1,418,593   11,644      9,496     84,811     (85,753)     (87,996)    1,350,795
2520  PINE VIEW                 FL    92        454,329    2,385      3,539     13,546     (32,904)     (20,134)      420,761
2521  BLUEBERRY HILL I          FL    68        330,691    3,286      4,306      2,578     (38,945)      (1,362)      300,553
2526  HOLLY SANDS II            FL    52        264,588    2,095      2,676      4,588      (6,273)        (419)      267,254
2527  SUNSET WAY I              FL   100        646,841    1,886      6,326     17,942     (58,877)     (17,452)      596,666
2530  PINE BARRENS              FL   104        506,001    4,227      3,584      6,682      (6,949)      (4,998)      508,547
2535  PELICAN POINTE I          FL    86        419,180    1,160      4,250      6,564     (19,631)     (12,598)      398,926
2537  CALIFORNIA GARDENS        FL    71        343,854      913      3,017      1,132     (38,884)      (7,542)      302,489
2543  MIGUEL PL                 FL    91        393,735    5,020      1,517     (3,172)    (24,851)      (4,244)      368,006
2545  JUPITER COVE I            FL    63        379,794    1,385      4,254      7,170     (10,708)      (4,776)      377,118
2546  PELICAN POINTE II         FL    74        359,485    1,516      5,384      5,721     (29,902)     (10,594)      331,611
2547  MARK LANDING I            FL    72        386,033    1,941      6,710      7,058      (7,446)      (6,567)      387,729
2549  JUPITER COVE III          FL    63        379,211    1,395      3,730      8,003     (16,002)      (6,559)      369,778
2556  HILLSIDE TRACE            FL    64        275,583    4,120      3,404      4,001     (15,232)        (887)      270,988
2559  JEFFERSON WAY I           FL    56        297,418    1,533      2,849        715     (11,619)      (3,053)      287,842
2580  SUNSET WAY II             FL   100        648,108    2,000      6,256     21,135     (55,142)     (24,241)      598,117
2587  OAK GARDENS               FL   106        650,552    2,993      6,421     10,596     (25,652)      (4,597)      640,313
3166  CEDAR HILL                TN    74        387,139    2,447      3,482      3,314     (11,762)          27       384,647
3171  LAUREL GLEN               GA    81        448,752      907      4,072      2,610      (2,609)      (2,871)      450,861
3173  SPRINGBROOK               SC    92        428,237    3,163      1,910      5,001     (25,677)     (11,193)      401,440
3174  LAKESHORE I               GA    79        358,878    2,022      6,580       (601)     (8,080)      (6,293)      352,506
3175  GLENVIEW                  AL    90        371,955      637      1,380       (376)    (19,031)      (3,037)      351,528
3186  RAMBLEWOOD II             GA   102        471,350    1,488      2,330      1,323     (33,987)      (3,532)      438,972
3188  VALLEYBROOK               GA    72        382,952    2,191      5,225      5,420      (9,627)      (2,816)      383,344
3189  WILLOW LAKES              SC    95        460,480    2,440      2,261      3,476     (22,160)      (3,550)      442,949
3190  GLENWOOD VILLAGE          GA    80        376,829    2,834      2,480      2,246      (8,743)      (2,314)      373,331
3208  RAVENWOOD                 SC    82        396,322      980      1,012      2,654      (7,963)      (3,026)      389,979
3209  INDIAN LAKE I             GA   244      1,395,642   15,711     12,922     30,134     (72,172)     (18,027)    1,364,210
3231  WALKER PL                 TX    67        315,621      309        564      8,610     (26,425)      (4,181)      294,497
3233  GREENBRIAR GLEN           GA    75        435,838    3,467        958     13,789     (29,625)      (7,424)      417,002
3400  HATCHERWAY                GA    64        266,530      861      5,458      4,085     (23,203)        (475)      253,256
3417  GLEN ARM MANOR            GA    70        312,619    2,724      1,434      2,779     (17,103)      (2,013)      300,440
3480  MILL RUN                  GA    88        397,203      856      2,886      6,060     (11,877)      (1,666)      393,462
3486  STEWART WAY I             GA    69        349,960    1,204      1,961      5,298     (27,144)      (2,652)      328,627
3494  WILCREST WOODS            GA    69        341,498      832      2,472      5,724      (8,048)      (1,730)      340,748
3496  MARSHLANDING II           GA    48        236,044      698      2,614      2,434      (8,449)      (2,655)      230,686
3522  STEWART WAY II            GA    63        335,471    1,369      1,811      3,074     (17,675)      (2,550)      321,500
3532  KINGS COLONY              GA    89        457,596    4,403      3,394      5,308     (10,942)      (2,029)      457,730
4109  CHERRY TREE               MD   103        595,795    6,078      4,068      8,361     (40,896)      (4,616)      568,790
4111  FORSYTHIA CT II           MD    76        428,187    1,489      1,291      4,483     (23,928)      (1,252)      410,270
4133  MERRIFIELD                MD    96        530,190    3,109      2,693      7,716     (26,715)      (5,280)      511,713
5910  MARABOU MILLS II          IN    64        321,981    5,960      2,862      5,234     (20,574)      (8,972)      306,491
5886  PICKERINGTON MEADOWS      IN    60        309,346      545      2,163      2,689     (25,865)      (2,792)      286,087
5903  BRUNSWICK II              WV    82        400,603    1,424      2,504       (237)    (81,949)      (4,832)      317,512
5906  AMESBURY II               OH    81        360,892    2,235      1,372      1,246     (47,008)      (5,354)      313,382
5951  HARVEST GROVE II          OH    57        284,292    1,365        224      1,282     (21,559)        (316)      265,288

                                  -------------------------------------------------------------------------------------------
113                                8,504     42,865,966  257,000    346,467    599,617  (2,652,572)    (654,563)   40,761,914
                                  -------------------------------------------------------------------------------------------
</TABLE>
      * Partial year
<PAGE>
                                      139
<TABLE>
CARDINAL REALTY SERVICES, INC.
INDIVIDUAL PROPERTY FINANCIAL INFORMATION SUMMARY (UNAUDITED)
BASED ON PROPERTIES OWNED AS OF DECEMBER 31, 1996
<CAPTION>
                               SELECTED FINANCIAL INFORMATION (ACCRUAL BASIS)
                               -----------------------------------------------------------------------------------------------
                                                                               Laundry
                                                                               Vending
                                                 Rent   Interest   Security    & Other                                  Net
Prop#     Name                 Loc  Units       Revenue  Revenue   Deposits    Revenue    Vacancies    Bad Debts      Revenues
==============================================================================================================================

      SYNDICATED
      ==========================

<S>   <C>                       <C> <C>         <C>        <C>       <C>       <C>        <C>           <C>           <C>
1109  DOGWOOD TERRACE           OH   110        509,493      692      7,611      5,292    (116,491)     (11,129)      395,468
1112  LONDON LAMPLIGHT          OH    54        244,575    1,042      2,783      2,697     (11,123)      (5,451)      234,523
1123  SPRINGFIELD WOODGATE      OH    39        150,514      681      2,852      2,155      (3,538)      (2,801)      149,863
1262  THE BIRCHES LIMA          OH    58        245,930    1,111      4,024      1,125     (29,572)      (4,504)      218,114
1297  PLUMWOOD APTS             OH   109        511,046    3,004      5,115      1,273     (31,734)      (9,074)      479,630
1310  MELDON PL                 OH   129        544,560    5,253      6,766     11,881     (21,965)      (3,267)      543,228
1320  WEST OF EASTLAND          OH   125        540,563      626      8,208     11,984     (41,245)     (23,186)      496,951
1322  PARKVILLE                 OH   101        451,795    1,243      3,809      7,087     (20,160)      (9,758)      434,015
1327  CHARING CROSS APTS        OH    68        282,294    2,079      2,334      4,048     (20,535)      (2,280)      267,940
1329  INDEPENDENCE VIL          OH   124        563,522    1,675      6,157      6,731     (47,370)      (8,897)      521,817
1330  POPLAR CT                 OH    62        265,880    3,813      4,322      2,684     (19,722)      (1,893)      255,084
1341  GREENLEAF APTS            OH    50        149,897        0          0      5,998           0            0       155,895
1344  LAUREL CT APTS            OH    70        291,635    1,089      5,639      2,597     (20,977)      (2,419)      277,565
1379  AMHURST APTS              OH    75        333,177    2,089      4,465      6,277     (18,974)      (4,434)      322,601
1404  KETWOOD APTS              OH    94        456,357    4,340      5,608      3,635     (34,687)      (6,852)      428,401
1436  SANDALWOOD APTS           OH    39        172,909    1,208      1,508      1,024      (3,438)        (280)      172,931
1437  HICKORY MILL              OH    62        304,537    3,807      1,555      4,317      (8,416)      (3,104)      302,696
1455  MONTROSE SQ               OH    65        241,537    3,272      6,373      2,010      (7,844)      (3,519)      241,829
1456  APPLE RIDGE               OH    53        229,795      555      4,331      1,937     (24,631)      (6,486)      205,501
1460  WESTWOOD                  OH    14         56,278      721        818        419      (4,962)        (427)       52,847
1461  APPLE RUN II              OH    51        230,633    1,287      4,356      2,374     (20,633)      (8,178)      209,837
1462  PLUMWOOD                  IN    39        181,230    1,640      2,008      2,126      (4,401)        (923)      181,681
1464  GREENGLEN                 OH    68        247,730    2,943      2,784      6,086      (4,775)      (1,373)      253,394
1465  CEDARWOOD BELPRE          OH    45        187,320    1,392      2,035        547     (11,802)        (661)      178,833
1466  AMHURST II                OH    74        336,227    2,329      6,616      3,056     (18,901)      (7,065)      322,262
1469  CHELSEA CT                OH    70        287,133    2,595      3,558        760     (33,636)      (3,619)      256,791
1470  MILLSTON APTS             OH    55        182,192    1,439      2,504      2,499     (18,536)      (2,622)      167,475
1473  MILLBURN II               OH    52        261,551    2,029      1,866      1,463     (17,242)        (749)      248,918
1483  WOODBINE                  OH    41        166,982      490        909        351      (4,028)           0       164,703
1485  HAMPSHIRE II              OH    57        259,572    1,501      6,578      8,041     (15,884)      (5,975)      253,832
1489  PLUMWOOD                  IN    57        251,298    2,117        513      3,616      (7,968)      (1,072)      248,504
1491  CAMELLIA CT WASHINGTON CH OH    41        181,095      796        518       (953)     (9,796)      (2,119)      169,540
1499  CONCORD SQ ONTARIO        OH    42        182,957    1,514      3,809        900      (5,858)        (924)      182,398
1505  CAMELLIA CT DAYTON        OH    57        271,498    1,500        789        715      (8,786)      (1,723)      263,993
1510  BECKFORD PL WAPAKONETA    OH    41        168,106      488      2,519      1,261     (18,360)      (1,777)      152,237
1511  APPLEGATE CHILLICOTHE II  OH    42        178,560      494        650      1,007     (30,230)      (8,132)      142,350
1512  SPRINGWOOD NEW HAVEN      IN    49        230,487    2,938      1,193      2,491     (19,076)        (849)      217,184
1516  THE WILLOWS DELAWARE II   OH    42        193,123    2,523      1,828      1,511      (9,406)      (3,918)      185,661
1519  GREENGLEN ALLEN II        OH    54        236,970    1,237      4,051        832     (22,293)      (3,385)      217,411
1523  LARKSPUR MORAINE          OH    30        134,619    1,053      1,972        265      (8,820)        (797)      128,291
1524  MILLSTON ABERDEEN II      OH    39        133,368    1,602      1,025      1,179      (6,070)      (1,435)      129,667
1526  CAMELLIA CT COLUMBUS      OH    64        315,271    2,555      1,769        738     (12,546)      (1,506)      306,281
1527  WOODBINE CUYAHOGA FALLS   OH    55        306,088    2,064      1,739      1,832      (6,148)        (906)      304,668
1528  APPLEGATE LORDSTOWN       OH    40        186,082    1,270      1,680      1,944     (11,778)      (1,836)      177,361
1529  PARKVILLE ENGLEWOOD       OH    48        236,253    1,714      1,915        570     (11,816)      (1,689)      226,947
1530  CEDARWOOD SABINA          OH    32        141,976    1,803      1,662      1,057      (8,248)      (2,776)      135,474
1531  ANDOVER CT                OH    52        250,979    1,778      2,790        942      (1,851)        (692)      253,947
1533  HAMPSHIRE BLUFFTON        IN    46        203,464      571      1,395      1,718     (10,252)      (1,675)      195,221
1534  CONCORD SQ LAWRENCEBURG   IN    49        225,079    1,520      1,704      1,515      (2,817)      (1,686)      225,315
1535  GREENGLEN TOLEDO II       OH    59        266,945    3,619      3,052      3,074     (14,465)      (2,067)      260,157
1539  FOXTON SEYMOUR            IN    39        181,907      743      1,645        885     (21,928)      (2,163)      161,089
1540  DARTMOUTH PL KENT         OH    54        305,032    2,007      2,743      2,170     (17,392)      (4,488)      290,073
1549  CAMELLIA CT DAYTON II     OH    53        256,089    1,464      2,243        904     (12,795)      (2,078)      245,827
1550  APPLEGATE COLUMBUS        IN    58        289,139    3,012      2,106      2,489      (3,479)      (2,129)      291,137
1553  APPLE RIDGE III           OH    30        133,364      800      2,057        499      (7,494)        (732)      128,493
1554  SPRINGWOOD AUSTINTOWN II  OH    43        205,497    1,746      1,613      1,334     (11,997)      (3,454)      194,740
1555  DOVER PL EASTLAKE         OH    64        367,873    3,720      1,014      2,103     (13,925)      (1,259)      359,527
1556  PARKVILLE PARKERSBURG     WV    49        219,442      872      2,025       (832)    (13,341)        (513)      207,653
1557  HARTWICK TIPTON           IN    45        222,743    2,614      2,157      1,182     (18,982)      (3,281)      206,432
1558  BECKFORD PL THE PLAINS    OH    60        300,800    3,454      1,236      2,471      (3,072)         280       305,168
1559  LARKSPUR COLUMBUS         OH    60        327,462    3,104        997      1,894     (29,207)      (1,666)      302,585
1560  SPRINGWOOD COLUMBUS       OH    64        314,465      381      1,018      1,699     (24,524)      (2,087)      290,952
1561  PARKVILLE GAS CITY        IN    49        229,947      658      2,815      2,023     (23,058)      (3,111)      209,274
1562  CAMELLIA CT CARROLLTON    KY    56        229,060    2,031      3,361      3,036     (16,143)      (3,763)      217,582
1563  FOXTON DAYTON II          OH    80        389,628    2,751     11,301      1,694     (28,267)     (14,082)      363,024
1566  APPLE RUN HILLSDALE       MI    39        189,794    2,210      1,383        528      (5,454)           0       188,461
1567  PINE GROVE ROSEVILLE      MI    50        292,446    1,431        655      1,023     (12,146)      (1,865)      281,545
</TABLE>
<PAGE>
                                      140
<TABLE>
CARDINAL REALTY SERVICES, INC.
INDIVIDUAL PROPERTY FINANCIAL INFORMATION SUMMARY (UNAUDITED)
BASED ON PROPERTIES OWNED AS OF DECEMBER 31, 1996
<CAPTION>
                               SELECTED FINANCIAL INFORMATION (ACCRUAL BASIS)
                               -----------------------------------------------------------------------------------------------
                                                                               Laundry
                                                                               Vending
                                                 Rent   Interest   Security    & Other                                  Net
Prop#     Name                 Loc  Units       Revenue  Revenue   Deposits    Revenue    Vacancies    Bad Debts      Revenues
==============================================================================================================================

      SYNDICATED
      ==========================

<S>   <C>                       <C>  <C>        <C>        <C>        <C>       <C>        <C>          <C>           <C>
1568  ASHGROVE FRANKLIN         OH    64        313,106    1,015      5,349      3,641     (16,690)      (4,856)      301,566
1569  MEADOWOOD JACKSON         MI    47        249,462      788      1,761      1,516      (2,984)        (135)      250,408
1571  GEORGETWN S TUSCARAWAS II OH    48        235,226      385      5,819      3,449     (51,433)     (11,673)      181,772
1572  CONCORD SQ KOKOMO         IN    49        263,899    1,885      1,281      1,479      (9,792)        (419)      258,333
1573  SANDALWOOD ALEXANDRIA     IN    44        207,877      636      2,203      1,683     (14,249)      (2,572)      195,578
1574  AMHURST TOLEDO            OH    58        282,025    2,127      1,653      2,237      (9,511)        (584)      277,947
1575  HAMPSHIRE WILLIAMSTOWN    KY    32        128,423    1,788      2,465      2,066      (9,885)      (6,479)      118,378
1576  MEADOWOOD MANSFIELD       OH    50        224,215      482      3,241       (800)     (3,522)        (245)      223,372
1577  HICKORY MILL HURRICANE    WV    48        234,600      590      1,565      2,344     (21,026)        (621)      217,452
1578  ASHGROVE FLORENCE         KY    47        241,300      549      2,719      2,685     (23,094)      (2,772)      221,387
1579  MEADOWOOD FRANKLIN        IN    51        284,426    2,625      3,766      7,164      (4,961)      (2,272)      290,747
1581  CEDARWOOD GOSHEN          IN    43        199,800    2,080      2,680      3,956      (3,201)      (2,591)      202,724
1582  CONCORD SQ ONTARIO II     OH    31        134,880      257      1,079        368      (2,664)         (48)      133,872
1583  MEADOWOOD CRAWFORDSVILLE  IN    64        325,160    1,782      1,766      3,231     (29,607)      (2,512)      299,821
1585  BECKFORD PL N CANTON      OH    60        309,128    1,266        953     (1,887)    (10,855)         (77)      298,527
1587  PINE GROVE COLUMBUS II    OH    18         82,169      249         30        662     (17,500)      (2,314)       63,296
1588  PLUMWOOD COLUMBUS III     OH    34        171,030    1,820        838      1,351      (7,021)      (2,111)      165,906
1589  WOODLANDS COLUMBUS        OH    90        458,098      977      2,195      3,447     (43,191)      (4,378)      417,148
1590  WOODLANDS FRANKLIN        KY    57        227,744    1,457      1,530      2,469     (19,729)      (2,147)      211,324
1591  MEADOWOOD FLATWOODS       KY    53        227,527      755        904      1,471     (12,451)      (1,563)      216,643
1592  GREENGLEN DAYTON          OH    77        367,693    2,519      4,144      4,275     (19,582)      (2,134)      356,915
1593  ASHGROVE INDIANAPOLIS     IN    58        317,963    3,647      5,608      6,392     (26,944)      (8,951)      297,714
1595  MEADOWOOD NICHOLASVILLE   KY    68        323,223    1,972      3,296      3,152     (12,975)           5       318,672
1596  STONEHENGE RICHMOND       IN    59        297,912    1,598      1,093      3,073      (7,063)         479       297,092
1597  WILLOWOOD COLUMBUS        IN    52        263,850    2,328      1,215      3,239      (2,335)      (1,173)      267,124
1598  CEDARGATE BOWLING GREEN   KY    59        293,059    2,224      1,392      4,092      (9,287)        (349)      291,131
1599  WILLOW RUN WILLARD        KY    61        248,551    2,568      2,287      2,160     (31,963)      (5,944)      217,658
1600  HEATHMOORE JEFFERSON      KY    63        295,745    1,936      3,657      4,256     (21,267)      (9,425)      274,901
1601  STONEHENGE GLASGOW        KY    54        218,029      429      1,403     (2,487)    (11,322)        (695)      205,357
1602  HEATHMOORE INDIANAPOLIS   IN    55        298,350    1,714      1,614      5,905     (16,409)      (3,618)      287,556
1603  APPLE RUN TRUMBULL        OH    48        237,290    1,206      2,106      4,222     (19,441)      (4,702)      220,681
1604  FOXTON MONROE             MI    51        273,418    1,463      1,558      2,123      (3,204)      (2,240)      273,117
1605  ASHGROVE CALHOUN          MI    51        257,249      400      1,107        860     (11,699)      (4,257)      243,659
1606  STONEHENGE OTTAWA         OH    37        154,563    1,147        436      1,691      (1,613)         189       156,414
1613  WOODLANDS ZELIENOPLE      PA    50        284,125    1,237      1,753      5,014     (13,153)        (449)      278,527
1615  RIDGEWOOD WESTLAND        MI    57        339,867      701      3,344      1,774     (22,334)      (8,377)      314,975
1616  HEATHMOORE MACOMB         MI    73        399,865        0      1,065      5,508     (19,966)      (4,768)      381,704
1617  DOVER PL EASTLAKE II      OH    67        364,963    2,120      2,108      3,544     (20,933)        (477)      351,324
1618  DOVER PL EASTLAKE III     OH    30        174,791    1,177        785      1,597      (8,779)      (2,652)      166,919
1619  CEDARGATE MICHIGAN CITY   IN    53        259,438      698      2,403      3,069      (9,709)      (1,267)      254,633
1622  CEDARGATE BLOOMINGTON     IN    70        394,983    8,020      5,862      5,552     (20,794)        (298)      393,326
1623  CEDARGATE LANCASTER       OH    48        201,918      871      2,321      2,220     (14,635)      (3,200)      189,496
1624  STONEHENGE JEFFERSON      KY    62        306,857    3,296      2,479      3,854     (11,881)      (1,753)      302,853
1626  SLATE RUN INDIANAPOLIS    IN    92        482,242    1,876      2,261      3,513      (5,312)      (1,368)      483,213
1630  SANDALWOOD TOLEDO         OH    51        247,047    2,851      3,021      3,529      (9,788)      (1,970)      244,689
1635  RIDGEWOOD COLUMBUS        OH    61        317,202    1,559        829      3,799     (14,721)          71       308,739
1637  APPLEGATE DELAWARE        IN    54        281,221    1,448      2,518      2,343     (16,196)        (104)      271,229
1638  MEADOWOOD LOGANSPORT      IN    42        194,725      581        665      2,194      (4,509)      (3,808)      189,848
1639  SLATE RUN LEBANON         IN    62        323,698    1,831      1,767      2,004     (11,420)        (639)      317,241
1640  WESTWOOD ROCHESTER        IN    42        181,367      290      3,429      1,424      (5,607)      (9,171)      171,732
1641  WILLOWOOD WOOSTER         OH    52        247,985    2,746      2,557      3,852     (15,904)        (396)      240,839
1642  STONEHENGE STARK          OH    61        290,843    2,090      3,341      1,499     (31,062)      (4,399)      262,312
1644  RIDGEWOOD LEXINGTON       KY    63        325,337    4,162      1,145      3,666      (9,736)      (2,234)      322,340
1645  RIDGEWOOD BEDFORD         IN    48        224,664    1,116      2,598      2,434      (6,924)         (38)      223,850
1646  CAMELLIA CT COLUMBUS II   OH    41        200,736    1,010      1,450      2,176      (6,936)        (281)      198,154
1647  CEDARGATE ENGLEWOOD       OH    61        310,741      946      2,034      5,346     (12,873)      (3,178)      303,015
1648  SLATE RUN HOPKINSVILLE    KY    58        262,557    3,480      1,444      1,935     (24,692)      (2,823)      241,901
1649  WILLOWOOD GROVE CITY      OH    47        247,577    2,182      2,075      5,272     (15,547)      (3,325)      238,236
1650  MEADOWOOD COLUMBUS        OH    61        303,596    3,780      1,824      3,786     (18,496)      (2,264)      292,226
1651  STONEHENGE INDIANAPOLIS   IN    61        328,511    2,265        688      5,150     (23,109)      (1,619)      311,887
1652  MEADOWOOD WARRICK         IN    65        283,850      409      2,373      2,833     (33,497)      (4,597)      251,372
1653  WILLOWOOD E INDIANAPOLIS  IN    61        310,521      701      3,028      6,878     (29,534)      (7,534)      284,060
1655  CEDARGATE SHELBY          KY    58        294,552      878      2,555      4,185     (17,600)      (2,705)      281,864
1656  RIDGEWOOD RUSSELVILLE     KY    53        231,078      120      3,043        431     (27,165)      (1,722)      205,784
1657  WILLOW RUN NEW ALBANY     IN    65        327,658    1,680      4,644      1,932      (7,650)      (6,142)      322,121
</TABLE>
<PAGE>
                                      141
<TABLE>
CARDINAL REALTY SERVICES, INC.
INDIVIDUAL PROPERTY FINANCIAL INFORMATION SUMMARY (UNAUDITED)
BASED ON PROPERTIES OWNED AS OF DECEMBER 31, 1996
<CAPTION>
                               SELECTED FINANCIAL INFORMATION (ACCRUAL BASIS)
                               -----------------------------------------------------------------------------------------------
                                                                               Laundry
                                                                               Vending
                                                 Rent   Interest   Security    & Other                                  Net
Prop#     Name                 Loc  Units       Revenue  Revenue   Deposits    Revenue    Vacancies    Bad Debts      Revenues
==============================================================================================================================

      SYNDICATED
      ==========================

<S>   <C>                       <C>  <C>        <C>        <C>        <C>       <C>        <C>          <C>           <C>
1658  ASHGROVE JEFFERSON        KY    61        307,560    4,709      1,210      2,444     (11,334)      (2,870)      301,719
1659  SLATE RUN JEFFERSON       KY    66        321,877    3,579      3,057      4,868     (28,139)     (15,658)      289,585
1660  MEADOWOOD LEXINGTON       KY    51        253,043    2,477      4,769      5,601     (23,631)      (7,795)      234,464
1661  FORSYTHIA CT COLUMBUS     OH    61        310,007    2,955        659      4,011     (19,533)      (2,914)      295,186
1663  WATERBURY GREENWOOD       IN    45        245,570    1,437      5,610      2,385     (24,567)     (17,043)      213,391
1664  SLATE RUN BARDSTOWN       KY    54        230,829    2,031      1,602      3,781     (33,853)      (1,624)      202,766
1666  WILLOWOOD FRANKFORT       KY    57        284,463      486      2,203      2,644     (27,669)      (2,225)      259,901
1667  BECKFORD PL NEW CASTLE    IN    42        201,717    1,686      1,634      2,587      (4,966)         185       202,843
1669  WILLOWOOD OWENSBORO       KY    56        221,711      406      1,924      1,845     (19,943)      (1,796)      204,147
1670  STONEHENGE MONTGOMERY     OH    69        347,678    1,681      6,058      8,852     (11,191)      (2,980)      350,097
1671  LARKSPUR MORAINE II       OH    16         69,141      265        293       (311)     (3,522)          90        65,956
1673  SLATE RUN BEDFORD         OH    63        386,901    1,243      2,559      4,066     (14,484)      (4,886)      375,399
1674  ROSEWOOD JEFFERSON        KY    78        419,429    4,951      2,124      1,617     (15,238)        (112)      412,771
1676  MILLBURN STOW             OH    53        337,709    2,255      1,983      2,593      (8,814)        (185)      335,541
1677  WILLOW RUN MADISONVILLE   KY    73        306,071      402      2,293        777     (13,810)      (1,331)      294,403
1678  CEDARWOOD GOSHEN II       IN    47        219,751      826      3,021      1,689      (5,503)      (1,405)      218,379
1679  HEATHMOORE EVANSVILLE     IN    74        337,739    2,020        785      4,105     (18,485)        (310)      325,854
1681  FOREST PARK MEADOWOOD     OH   106        580,152    5,385      2,966      8,544     (17,061)      (6,854)      573,132
1682  STONEHENGE TECUMSEH       MI    49        275,990    1,148      2,724      3,600     (25,268)        (223)      257,972
1683  BRANDON CT BLOOMINGTON    IN    80        443,249    4,302      4,086      7,498     (25,135)         (61)      433,939
1686  ASHGROVE STERLING         MI   116        690,951    1,338      2,239     11,246     (30,530)     (11,999)      663,245
1687  MONTGOMERY CT INGHAM      MI    59        324,567    3,199        666      8,680     (12,331)        (982)      323,799
1691  PINE GROVE ROSEVILLE II   MI    33        193,322    2,035      1,094      1,082      (7,313)      (3,800)      186,420
1692  MEADOWOOD MONROE          MI    58        296,193      971        426      2,982      (2,053)         126       298,644
1695  ANNHURST INDIANAPOLIS     IN    85        415,288       32      2,444      8,554     (37,087)     (10,640)      378,591
1696  ANNHURST ALLEGHENY        PA    97        613,415    5,287      3,614       (901)    (21,781)      (5,023)      594,612
1698  WOODLANDS STREETSBORO     OH    61        351,760    3,066      3,110      5,459     (14,501)      (1,452)      347,441
1699  ROANOKE OAKLAND           MI    88        611,694    4,195        942      7,463     (27,443)      (2,049)      594,801
1700  DANIEL CT CLERMONT        OH   114        583,457      943      5,248      7,286     (33,424)     (10,566)      552,943
1702  STRATFORD S CHARLESTON    WV    80        432,329      995      4,610     (5,570)    (30,551)      (2,473)      399,340
1703  BARRINGTON BEDFORD        OH    81        490,102    3,163        453      4,367     (14,911)      (3,661)      479,513
1704  MULBERRY HILLIARD         OH    61        319,077    1,742      3,656      2,963      (6,347)           0       321,091
1705  WOODLANDS COLUMBUS II     OH    71        358,143    2,929      3,038      2,738     (26,891)      (2,821)      337,137
1707  LARKSPUR COLUMBUS II      OH    62        335,384    1,849      1,708      5,049     (23,845)      (4,983)      315,162
1714  NEWBERRY EATON            MI    63        329,659    2,022        499      9,471     (10,585)        (338)      330,729
1717  HICKORY MILL HURRICANE II WV    44        213,099    1,488      2,157        604     (17,872)          34       199,510
1718  MEADOWOOD COLUMBUS II     OH    23        116,590      818      1,038        906      (3,771)      (2,468)      113,113
1719  VALLEYFIELD LEXINGTON     KY    84        436,538    2,005      3,631      3,421     (35,522)      (2,217)      407,856
1720  RIDGEWOOD COLUMBUS II     OH    58        312,379    1,711        616      1,990     (22,984)        (507)      293,205
1721  OLIVEWOOD INDIANAPOLIS    IN    63        325,517    4,392        965      7,192     (11,389)      (3,759)      322,918
1723  ROANOKE JEFFERSON         KY    66        330,235    1,915      1,512      3,875      (3,522)       1,248       335,262
1724  MEADOWOOD CUYAHOGA FALLS  OH    60        342,759    2,140      1,470      3,975     (13,562)        (117)      336,665
1725  RIDGEWOOD LEXINGTON II    KY    51        273,482    2,863      2,188      1,741      (9,558)      (3,510)      267,206
1726  STONEHENGE JASPER         IN    40        160,393      398      1,948      1,386     (15,536)      (3,389)      145,201
1727  CARLETON CT KANAWHA       WV    73        357,425    1,274      3,730      1,587     (25,301)      (1,593)      337,121
1728  NEWBERRY GROVE CITY       PA    53        269,425    2,426      6,033      3,902      (4,690)      (2,770)      274,326
1729  BECKFORD PL N CANTON II   OH    60        307,612    1,241        730     (1,784)     (8,461)        (597)      298,742
1730  NORTHRUP CT ALLEGHENY     PA    60        381,496    1,068      2,156     (9,533)    (29,597)         181       345,771
1731  FORSYTHIA CT JEFFERSON    KY    99        477,592    1,388      3,557      4,250      (9,312)      (5,331)      472,145
1732  WINTHROP CT FRANKFURT     KY    79        383,789    2,160      4,923       (216)    (47,930)      (9,263)      333,462
1733  PRINCETON CT EVANSVILLE   IN    62        300,732      662      2,352      3,265     (17,247)      (2,219)      287,545
1735  ROSEWOOD COLUMBUS         OH    91        448,619    4,531      1,562      4,104     (39,888)      (4,397)      414,531
1737  SLATE RUN JEFFERSON II    KY    64        309,448      473      1,873      4,833     (14,139)      (9,220)      293,267
1741  WILLOWOOD TROTWOOD        OH    61        276,156    3,208      3,036      3,779     (21,661)      (2,751)      261,766
1744  BRUNSWICK TRUMBULL        OH    60        304,432    7,288      3,249      6,353     (12,416)      (2,559)      306,348
1745  WYCLIFFE CT               TN    65        308,702      432        981      2,903     (10,511)        (638)      301,868
1747  SLATE RUN MIAMISBURG      OH    49        252,208    1,265      2,088      2,121      (7,452)        (661)      249,568
1748  MONTGOMERY CT COLUMBUS    OH    62        324,193    1,648      2,671      5,187     (12,897)      (5,652)      315,149
1749  WATERBURY CLARKSVILLE     TN    54        266,013    1,668      1,190      1,633     (10,510)        (270)      259,725
1751  WINTHROP CT COLUMBUS      OH    63        312,728    1,615      2,442      3,026     (11,278)      (3,451)      305,083
1752  PICKERINGTON MEADOWS      OH    61        277,737    1,976      1,291      3,555     (21,235)       1,135       264,458
1756  WATERBURY CLERMONT        OH    70        366,627    3,248      2,871      8,870     (10,736)      (2,263)      368,617
1757  WILLOWOOD GROVE CITY II   OH    26        140,383      937      1,128      1,584     (11,579)      (2,045)      130,409
1758  CEDARGATE BLOOMINGTON II  IN    58        335,212    2,937      3,601      3,476     (16,672)      (2,303)      326,251
1759  ACADIA CT                 IN    99        555,775    3,018      4,356      6,605     (21,524)        (115)      548,115
</TABLE>
<PAGE>
                                      142
<TABLE>
CARDINAL REALTY SERVICES, INC.
INDIVIDUAL PROPERTY FINANCIAL INFORMATION SUMMARY (UNAUDITED)
BASED ON PROPERTIES OWNED AS OF DECEMBER 31, 1996
<CAPTION>
                               SELECTED FINANCIAL INFORMATION (ACCRUAL BASIS)
                               -----------------------------------------------------------------------------------------------
                                                                               Laundry
                                                                               Vending
                                                 Rent   Interest   Security    & Other                                  Net
Prop#     Name                 Loc  Units       Revenue  Revenue   Deposits    Revenue    Vacancies    Bad Debts      Revenues
==============================================================================================================================

      SYNDICATED
      ==========================

<S>   <C>                       <C>  <C>        <C>        <C>       <C>       <C>        <C>           <C>           <C>
1760  WILLOWOOD E INDIANAPLS II IN    60        288,284    2,122        787      2,713     (32,974)         430       261,362
1761  SHERBROOK COLUMBUS        OH    61        286,820    1,269        566      2,044     (13,580)      (2,563)      274,556
1762  LONGWOOD LEXINGTON        KY    61        302,122    2,894      1,876      2,400     (21,816)      (6,780)      280,695
1763  NORTHRUP CT ALLEGHENY II  PA    49        309,913    3,802      2,446     (8,719)    (29,711)      (2,681)      275,051
1765  LAURELWOOD CT BEDFORD     IN    50        225,309      798      2,459      2,064      (9,285)      (2,755)      218,589
1768  CARLETON CT ANN ARBOR     MI   105        670,033    2,897        750      5,109     (21,999)      (1,162)      655,628
1770  VALLEYFIELD               PA    77        521,743    1,499      3,499        795     (22,297)          69       505,308
1772  WENTWORTH ROSEVILLE       MI    76        433,322    2,314      2,921      5,258     (14,037)      (8,710)      421,068
1773  WATERBURY WESTLAND        MI   102        608,394    3,183      1,677      5,427     (23,909)      (9,506)      585,266
1777  HEATHMOORE INDIANAPLS II  IN    80        410,638    1,448      2,149      3,036     (22,845)      (2,069)      392,355
1779  AMBERIDGE                 MI    47        267,788    1,643        969      3,211     (12,364)      (5,154)      256,094
1783  WOODLANDS STREETSBORO II  OH    60        350,717      899      4,826      4,588     (13,168)      (8,883)      338,978
1785  CARLETON CT ERIE          PA    60        313,146      771        900      3,138     (24,938)      (1,791)      291,226
1787  ROSEWOOD COMMONS          IN    97        450,892    1,416       (739)     6,991     (23,440)      (1,275)      433,845
1790  WILLOWOOD FRANKFORT II    KY    53        255,144    2,025        939       (546)    (32,880)        (510)      224,172
1794  ANNHURST COLUMBUS         OH    57        268,026      726        654      3,894     (17,332)      (2,673)      253,295
1799  BEREA TABOR RIDGE         OH    97        538,233    4,446      2,137      3,843     (52,694)      (2,831)      493,133
1801  WILLOWOOD WOOSTER II      OH    53        245,101    1,496      3,821        697     (26,129)      (2,683)      222,303
1804  CAMBRIDGE COMMONS         IN    88        400,158    2,346      3,074      8,016     (26,224)      (5,591)      381,779
1805  OLIVEWOOD INDIANAPOLIS II IN    67        332,874    1,539      1,393      5,104     (20,126)      (6,295)      314,488
1807  BRUNSWICK MONONGALIA      WV   102        512,014    1,024      4,243    (12,712)    (64,509)      (3,180)      436,880
1812  HAMPTON WOODS COLUMBUS    OH    49        227,952      603      1,196      3,142     (20,616)      (1,190)      211,088
1813  SUFFOLK GROVE GROVE CITY  OH    71        370,483    2,721      3,006      4,674     (20,493)      (3,654)      356,737
1815  MONTGOMERY CT COLUMBUS II OH    57        299,381    6,202      1,469      3,176     (11,859)      (3,483)      294,886
1818  REDWOOD HOLLOW SMYRNA     TN    72        357,212    1,295      1,113      2,962      (7,946)      (2,546)      352,089
1829  CLEARVIEW GREENWOOD       IN    73        372,325    6,538      1,302      4,689     (18,184)        (428)      366,243
1832  ANSLEY OAKS               IL    69        331,801    2,305      1,187      2,965      (8,040)        (235)      329,984
1844  STERLING HGTS OLIVEWOOD   MI   154        892,589    7,093      3,095     12,280     (20,739)      (5,943)      888,375
1847  RED DEER FAIRBORN         OH    70        345,874    2,181      1,535      6,131      (9,462)           0       346,259
1851  ASHGROVE STERLING II      MI    91        541,102    2,168      1,330      4,446     (19,559)      (1,279)      528,209
1866  HEATHMOORE WAYNE II       MI    51        326,360    3,169        945      2,682     (10,799)      (2,229)      320,127
1875  DOVER PL EASTLAKE IV      OH    73        411,997    2,467      2,921      4,694     (22,040)      (4,424)      395,615
1905  CAMBRIDGE COMMONS II      IN    76        350,141    1,118      3,266      9,912     (40,597)     (10,238)      313,601
1907  DOGWOOD GLEN MARION II    IN    78        386,143    2,257      2,548      5,210     (16,993)      (2,058)      377,107
1916  CLEARVIEW GREENWOOD II    IN    81        426,587    3,189      2,949      5,523     (20,785)      (2,570)      414,892
1928  WOODLANDS COLUMBUS III    OH    95        466,383    1,947      5,414      6,076     (43,845)      (9,071)      426,905
1944  TIMBERCREEK TOLEDO        OH    78        361,915      541      3,799      4,811     (12,501)        (683)      357,881
2100  SANFORD CT INVESTORS      FL   107        525,760    2,056      6,050     (6,618)    (18,263)     (12,012)      496,973
2106  OLD ARCHER CT             FL    72        357,991    3,899      2,213      3,711     (28,094)      (1,508)      338,212
2107  PALATKA OAKS              FL    34        142,715    1,317      2,155       (521)    (22,209)      (4,683)      118,773
2108  AZALEA HILL               FL    53        232,732      416        440       (149)    (77,963)        (725)      154,751
2112  TURKSCAP                  FL    49        237,183    1,362      1,515      7,124     (38,335)      (8,584)      200,266
2114  CEDARWOOD                 FL    55        231,205    3,742      2,708      6,313     (24,014)      (3,867)      216,087
2115  UNIVERSITY SQ             FL    81        358,257    3,919      2,330      6,231     (17,998)      (5,512)      347,228
2129  NORTHWOOD                 FL    42        180,150      616      1,258      2,433     (12,315)      (3,466)      168,676
2131  ROLLINGWOOD               FL    65        323,994      525      1,638     10,050     (50,830)     (19,410)      265,967
2139  MEADOWOOD II              FL    54        280,040    2,096        424        602      (5,818)        (297)      277,047
2143  CEDARWOOD II              FL    39        172,498      858      2,095      2,886     (24,868)      (5,031)      148,438
2153  NOVAWOOD                  FL    58        285,508    1,284      6,600      7,639     (35,491)      (5,191)      260,350
2154  KNOLLWOOD II              FL    56        208,371      184        908      2,044    (197,375)     (23,437)       (9,305)
2164  PALATKA OAKS II           FL    23        110,854    1,301      1,000       (420)     (6,886)      (4,203)      101,646
2165  NOVAWOOD II               FL    61        298,992    2,364      8,018     11,172     (36,374)     (12,830)      271,343
2166  WINGWOOD                  FL    86        434,689    3,270      3,155      8,561     (15,155)     (10,010)      424,510
2172  HEATHERWOOD II            FL    42        209,826    1,621      2,998      2,203     (26,294)     (11,179)      179,174
2173  COUNTRYSIDE               FL    60        293,916    1,408      1,107      5,432     (19,114)      (8,439)      274,310
2174  COUNTRYSIDE II            FL    97        487,997    3,391      2,116      6,752     (37,725)      (5,832)      456,699
2189  HIDDEN PINES              FL    56        314,014    1,108        820      3,156     (23,210)      (9,840)      286,049
2190  MOSSWOOD                  FL    58        292,168    2,003      2,527      5,664     (24,844)      (9,281)      268,236
2191  MOSSWOOD II               FL    89        455,769    2,604      4,774      5,814     (34,800)     (10,878)      423,284
2193  SUNRISE                   FL    60        278,009    1,895      1,991      6,039     (39,568)     (12,805)      235,560
2194  SUNRISE II                FL    37        175,904      331      1,324      1,313     (31,680)      (7,707)      139,484
2196  BRANCHWOOD                FL   117        584,270    2,165      3,616      6,897     (61,521)      (3,252)      532,175
2199  CONCORD SQ II             FL    73        350,760    5,177      3,764      5,299     (29,181)      (7,584)      328,234
2201  LONGWOOD                  FL    60        296,240    1,671      1,958      5,341     (19,403)      (3,840)      281,966
2202  LONGWOOD II               FL    36        178,980      393      2,367      3,610     (14,578)      (3,880)      166,892
2205  BRANDYWYNE E              FL    38        172,294    1,724      4,251      2,056      (1,705)      (2,509)      176,111
</TABLE>
<PAGE>
                                      143
<TABLE>
CARDINAL REALTY SERVICES, INC.
INDIVIDUAL PROPERTY FINANCIAL INFORMATION SUMMARY (UNAUDITED)
BASED ON PROPERTIES OWNED AS OF DECEMBER 31, 1996
<CAPTION>
                               SELECTED FINANCIAL INFORMATION (ACCRUAL BASIS)
                               -----------------------------------------------------------------------------------------------
                                                                               Laundry
                                                                               Vending
                                                 Rent   Interest   Security    & Other                                  Net
Prop#     Name                 Loc  Units       Revenue  Revenue   Deposits    Revenue    Vacancies    Bad Debts      Revenues
==============================================================================================================================

      SYNDICATED
      ==========================

<S>   <C>                       <C>  <C>        <C>        <C>       <C>        <C>       <C>           <C>           <C>
2212  AMBERWOOD                 FL    50        225,476    1,650      2,385      7,631     (18,312)      (2,542)      216,288
2215  COUNTRYSIDE III           FL    34        163,439      888        611        945      (7,380)        (603)      157,899
2218  INDIAN RIDGE              FL    57        293,110    4,900      3,677      5,318     (29,972)      (3,979)      273,054
2222  SHADOWOOD                 FL    69        344,058    4,703      4,685      6,567     (13,436)      (9,905)      336,671
2224  ROSEWOOD                  FL    66        289,567    3,229      3,811      2,668     (13,551)      (4,147)      281,578
2226  SPRINGTREE                FL    72        410,006    3,990      3,792     10,669     (13,192)      (7,223)      408,041
2230  RIVERWOOD                 FL    68        320,152      895      2,065        187     (16,573)      (5,708)      301,018
2231  APPLEWOOD                 FL    69        326,048    1,103      3,736      5,459     (13,070)     (13,116)      310,161
2234  WINDRUSH                  FL    67        325,130      707      3,013      3,750     (30,375)      (6,690)      295,534
2235  HERONWOOD                 FL    59        304,573    1,040      2,745      6,133     (22,376)      (4,523)      287,592
2237  SANDPIPER II              FL    66        325,722      788      6,111      4,642     (44,631)      (8,008)      284,625
2240  BAYSIDE                   FL    59        249,062    2,204      1,590      3,331     (20,266)      (1,545)      234,377
2242  DEERWOOD                  FL    50        249,330    1,904      1,452     (3,627)    (15,784)      (2,518)      230,756
2244  CANDLELIGHT               FL    51        217,042    2,135      3,306      3,868     (24,864)        (926)      200,560
2246  GARDEN TERRACE II         FL    65        282,661    4,669      4,033      6,078     (39,012)     (12,017)      246,412
2247  INDIAN RIDGE II           FL    39        203,029    1,615      2,748      1,273     (11,498)      (1,013)      196,154
2249  SHADOWOOD II              FL    70        344,148      872      3,234      7,013     (24,920)      (6,735)      323,613
2251  STRAWBERRY PL             FL    55        237,744    2,305      3,656      4,091      (6,370)      (2,453)      238,973
2253  CRYSTAL CT                FL    72        307,363    1,571      2,267      5,518     (31,860)      (2,858)      282,001
2254  TURKSCAP III              FL    50        244,648    2,409      1,190      2,667     (16,682)      (3,333)      230,900
2265  PINE LAKE                 FL    41        190,054    1,716      1,031      2,728     (25,703)      (3,197)      166,628
2284  CAPITAL RIDGE             FL    70        367,606    3,954      1,724      5,432     (16,336)       1,612       363,991
2285  WOODLAND                  FL    92        482,204    1,570      9,210     12,635     (34,768)     (31,014)      439,837
2288  SHADOW RIDGE              FL    62        313,783    1,480      1,752      5,264     (20,947)      (1,135)      300,198
2295  HICKORY PL                FL    70        358,044    1,035      2,792      4,338     (18,591)        (412)      347,206
2300  PINE TERRACE              FL    80        367,289      802      3,638      3,792     (11,488)      (1,778)      362,255
2301  PALM PL                   FL    80        452,283    2,661      5,660      6,660      (6,240)      (1,136)      459,888
2309  THE LANDINGS              FL    60        273,580    4,398      2,995      4,402      (9,944)      (4,398)      271,033
2311  ASTORWOOD                 FL    75        471,687    2,070      3,168      9,067     (11,999)      (5,660)      468,333
2312  PINELLAS PINES            FL    68        350,745    1,247      2,486      5,545     (34,261)      (8,516)      317,244
2313  SPRING GATE               FL    66        310,683    1,869      2,984      2,698      (3,522)        (910)      313,802
2314  GARDEN TERRACE III        FL    91        416,497    9,921      3,492      7,536     (89,068)     (14,170)      334,208
2340  SHADOW BAY                FL    53        276,789      330      3,718      4,930     (12,531)      (2,807)      270,429
2341  TERRACE TRACE             FL    88        393,961    1,854      3,445      3,501      (9,102)      (2,240)      391,419
2343  KINGS CROSSING            FL    69        351,498    1,698      2,178      3,197     (17,856)      (1,924)      338,791
2344  ELMWOOD                   FL    52        314,790      719      4,459     14,318     (18,525)     (15,500)      300,262
2355  NOVA GLEN                 FL    62        315,281    1,459      2,540      6,399     (35,625)     (11,682)      278,372
2363  MORNINGSIDE II            FL   184        772,755    4,946      4,173     10,692    (224,531)     (19,300)      548,736
2365  APPLEWOOD II              FL    92        437,833      727      4,191      6,689    (118,272)     (16,649)      314,519
2376  MOULTRIE                  FL    79        434,915    2,101      2,094      3,854      (6,948)      (1,806)      434,210
2379  SUGARTREE                 FL    60        303,295    1,370      2,245      3,283     (25,853)      (1,196)      283,144
2387  SOUTHGATE                 FL    62        425,867    2,168      2,048      8,625     (27,256)      (7,977)      403,475
2399  SUTTON PL                 FL    55        253,232    1,704      5,618        162     (18,143)      (4,670)      237,903
2405  DRIFTWOOD                 FL    63        326,699    3,378      2,222      5,852      (4,164)      (6,483)      327,505
2407  PINE MEADOWS              FL    60        323,859    1,238      3,164      6,577     (18,189)      (4,305)      312,344
2411  ELMWOOD II                FL    50        300,942    2,389      4,038     10,797     (17,229)     (10,280)      290,657
2412  PARKWAY N                 FL    56        299,422      983      1,978      4,937     (16,837)      (2,135)      288,348
2416  PINE TERRACE II           FL    68        312,761      614      2,009      3,836     (13,519)      (1,445)      304,257
2422  HILLVIEW TERRACE          FL    60        289,864    2,527      2,200      5,460      (1,501)        (656)      297,894
2427  HILLCREST VILLA           FL    65        288,473    2,018      2,291      3,287      (5,056)      (1,289)      289,723
2429  CYPRESS                   FL    70        339,020    2,481      2,053      5,681     (25,176)      (2,103)      321,956
2431  OLYMPIAN VIL              FL    87        568,505    1,219      5,160     20,356     (66,743)     (33,483)      495,014
2432  SILVER FOREST             FL    51        243,515      706      3,155      3,038     (26,494)      (1,325)      222,595
2438  BERRY PINES               FL    64        287,451    1,356      3,554      4,045     (14,051)      (1,936)      280,420
2439  OAK RIDGE                 FL    63        306,601    2,593      2,118      4,961      (3,188)      (2,036)      311,050
2441  OAK SHADE                 FL    82        411,095    1,596        145      3,720     (10,178)        (281)      406,098
2442  HOLLY SANDS               FL    72        373,083    4,600      4,217      6,272      (4,931)      (3,756)      379,485
2443  BROADVIEW OAKS            FL    90        408,845    3,567      4,609      5,609     (17,778)      (6,852)      398,001
2444  THYMEWOOD                 FL    90        644,796    2,633      2,370     15,913     (39,661)     (25,197)      600,852
2446  SHADOW BAY II             FL    59        308,413    2,418      6,620      4,904     (15,351)      (7,881)      299,123
2447  CANDLELIGHT II            FL    60        250,059    3,403      2,854       (912)    (34,128)        (963)      220,312
2449  SUGARTREE II              FL    60        302,117    2,001      2,050      3,850     (20,911)      (2,269)      286,838
2451  WINTER WOODS              FL    57        283,798      893      2,722      6,443      (9,514)      (3,264)      281,078
2452  WOODLAND II               FL    77        406,991    1,113     11,701     13,453     (31,529)     (36,474)      365,255
2454  BEL AIRE                  FL    70        427,107    1,512      7,766     10,906     (20,980)      (9,212)      417,099
2459  CLEARLAKE PINES II        FL    52        267,596    1,071        828      5,667     (20,792)      (6,075)      248,295
</TABLE>
<PAGE>
                                      144
<TABLE>
CARDINAL REALTY SERVICES, INC.
INDIVIDUAL PROPERTY FINANCIAL INFORMATION SUMMARY (UNAUDITED)
BASED ON PROPERTIES OWNED AS OF DECEMBER 31, 1996
<CAPTION>
                               SELECTED FINANCIAL INFORMATION (ACCRUAL BASIS)
                               -----------------------------------------------------------------------------------------------
                                                                               Laundry
                                                                               Vending
                                                 Rent   Interest   Security    & Other                                  Net
Prop#     Name                 Loc  Units       Revenue  Revenue   Deposits    Revenue    Vacancies    Bad Debts      Revenues
==============================================================================================================================

      SYNDICATED
      ==========================

<S>   <C>                       <C>  <C>        <C>        <C>       <C>      <C>         <C>           <C>           <C>
2460  MANCHESTER                FL    78        379,179    2,248      4,034      1,050     (13,791)      (3,709)      369,010
2461  RANCHSIDE                 FL    76        317,102    2,624      1,867     (1,136)    (16,755)      (2,818)      300,885
2464  ESSEX SQ                  FL    88        400,540    1,698      5,927      7,532      (2,278)      (5,881)      407,538
2465  WESTCREEK                 FL    86        438,958    1,393      3,038      7,521     (31,094)      (9,605)      410,211
2466  SKY PINES                 FL    89        443,618    1,366      3,779      9,073     (31,633)     (24,239)      401,964
2470  RIVERS END                FL    66        339,801    1,970      2,305      1,895      (5,597)      (2,764)      337,609
2471  BRIDGE POINT              FL    71        346,591    2,753      2,626      5,239     (16,711)      (3,461)      337,037
2478  NOVA GLEN II              FL    81        400,491    1,160      1,033      8,838     (38,727)     (19,389)      353,406
2483  OAKWOOD MANOR             FL    64        353,372      764      1,618      7,835     (19,663)      (7,637)      336,289
2484  HOLLY RIDGE               FL    98        606,225    2,182      4,232     11,798     (33,550)      (9,371)      581,515
2488  HIGH POINTS               FL    95        379,156    1,789      4,966      4,478     (45,722)      (2,554)      342,113
2499  WINTER WOODS II           FL    44        222,860      346      3,744        742     (19,253)      (6,040)      202,399
2502  PALM SIDE                 FL    87        392,833      837      1,557      6,566     (22,616)      (7,626)      371,551
2574  PALM BAY/WINDWOOD II      FL    64        293,836    2,928      4,497      7,533     (71,641)     (14,682)      222,472
3101  MEADOWOOD NORCROSS        GA    63        379,102    2,404      3,272      7,414      (1,557)        (390)      390,246
3102  CEDARGATE LAWRENCEVILLE   GA    55        330,788    4,270      2,494      5,562      (2,819)      (1,469)      338,826
3104  WILLOW RUN DEKALB         GA    74        445,915      671      1,495     10,979     (26,677)     (22,838)      409,544
3108  FOREST VIL BIBB           GA    83        448,342    3,470      2,615      1,811     (20,280)      (1,141)      434,817
3109  RIDGEWOOD DEKALB          GA    63        377,478    1,361      2,336      8,506     (16,759)     (11,500)      361,422
3111  IRIS GLEN ROCKDALE        GA    80        472,434    2,494      7,194      6,182     (24,062)      (5,447)      458,796
3112  MEADOWLAND CLARKE         GA    60        320,170    1,910      1,764      3,988     (26,522)      (2,642)      298,668
3114  WILLOWOOD MILLEDGEVILLE   GA    63        313,574    4,367      1,285         13     (17,141)      (1,197)      300,902
3115  MEADOWOOD NORCROSS II     GA    51        313,326    3,025      3,529      1,583      (2,864)      (3,903)      314,695
3116  VALLEYFIELD DEKALB        GA    66        392,430      947        627     10,614     (11,745)      (5,258)      387,615
3117  NORWOOD GWINNETT          GA    76        457,882    1,568        921      2,767      (2,138)        (709)      460,291
3118  SHADOW TRACE DEKALB       GA    81        488,216    2,650      1,552      9,266     (13,149)      (9,146)      479,388
3120  OAKLEY WOODS UNION CITY   GA    60        344,782    1,577      3,753     10,668     (20,850)     (21,750)      318,179
3121  ELMWOODS MARIETTA         GA    48        293,119    1,998        409        141      (2,453)        (372)      292,842
3122  WOOD TRAIL NEWMAN         GA    61        341,224    2,416      5,720      5,178        (608)      (1,206)      352,725
3123  REDAN VIL DEKALB          GA    78        461,698    3,525        332     11,762     (11,676)     (18,487)      447,154
3124  BARRINGTON DEKALB         GA    47        282,046      546      2,404      8,582     (16,274)     (11,459)      265,845
3125  STRATFORD LANE COLUMBUS   GA    68        326,769    2,485      3,621      6,015      (9,250)      (1,379)      328,260
3127  WOODCLIFF LILBURN         GA    73        428,139    2,664      1,996      3,830     (22,516)      (2,007)      412,106
3128  WOODCREST                 GA    66        325,641    1,231      1,295      3,395      (2,903)        (658)      328,001
3130  RAMBLEWOOD RICHMOND       GA    84        400,448    4,236      2,635      6,818     (31,402)      (5,859)      376,875
3131  COUNTRYSIDE MANOR         GA    83        467,794    2,686     10,993      6,386     (11,586)     (10,828)      465,446
3132  WINDSOR VIL               TN    54        259,457      489      1,292        978      (6,403)          22       255,835
3135  WATERBURY CLARKE          GA    53        288,320    4,345      1,237      4,267     (21,183)      (2,552)      274,433
3136  BURNSBROOKE ATHENS        TN    61        288,106    2,096      1,041      1,621     (46,333)         804       247,335
3137  GENTIAN OAKS COLUMBUS     GA    62        299,000      802      2,537      3,258      (9,899)        (310)      295,389
3138  WILLOW CREEK GRIFFIN      GA    53        277,216    1,556      1,467      3,661        (783)      (4,023)      279,095
3139  TIMBERWOODS PERRY         GA    60        282,735    1,934      4,717      2,336     (17,361)      (5,785)      268,577
3140  CARRIAGE HILLS DUBLIN     GA    60        280,196    1,736      2,320     (1,158)    (17,202)         521       266,413
3141  HILLANDALE MANOR DEKALB   GA    48        297,028    2,447        215      8,358      (7,538)      (7,574)      292,936
3142  WHISPERWOOD CORDELE       GA    50        220,835    3,043      2,757      1,409      (5,467)         215       222,792
3143  OAKWOOD VIL RICHMOND      GA    70        341,890    2,094      3,636      2,485      (7,919)      (4,376)      337,810
3145  PINE KNOLL CLAYTON        GA    46        256,951    1,673      1,048      2,716      (8,238)      (1,678)      252,472
3149  HARBINWOOD GWINNETT       GA    72        451,102    2,086      4,871      5,223          98          178       463,558
3150  PARKWOOD VIL              GA    69        394,479    3,629      7,826      6,412     (25,198)      (9,922)      377,226
3151  AMBERWOOD BARTOW          GA    56        296,010    2,309      3,380      3,373      (9,274)      (2,698)      293,100
3152  WOOD VALLEY CALHOUN       AL    69        312,909    2,645      3,018      3,536     (11,083)          45       311,070
3153  NORTHRIDGE CARROLLTON     GA    77        382,893    4,735      4,317      6,032     (14,527)      (2,900)      380,549
3154  HILLSIDE MANOR AMERICUS   GA    60        257,871    1,950      2,179      3,778     (14,991)      (5,338)      245,449
3156  VALLEYFIELD DEKALB II     GA    66        396,361    4,534        (73)     8,694     (14,877)     (10,002)      384,636
3158  WOODCLIFF LILBURN II      GA    72        404,994    1,907      1,570      1,351     (19,942)      (1,558)      388,322
3159  FOREST RIDGE RICHMOND     GA    75        330,477      529      3,039      4,992     (36,810)      (8,847)      293,380
3160  SHANNON WDS UNION CITY II GA    74        389,743    3,699      4,333     10,299     (25,884)     (21,823)      360,367
3161  HOLLY PARK COLUMBUS       GA    66        298,204    1,905      2,929      4,742      (6,122)      (1,187)      300,470
3162  REDAN VIL DEKALB II       GA    76        434,721    3,717      1,925     13,069     (20,836)     (16,846)      415,750
3163  RIDGEWOOD DEKALB II       GA    52        302,437    1,159      3,279      8,495     (11,090)     (11,742)      292,538
3168  KNOX LANDING KNOXVILLE    TN    85        409,517    2,958      3,171      4,405     (25,957)      (3,966)      390,129
3176  MORGAN TRACE UNION CITY   GA    80        424,765    3,137      2,264      7,818     (27,207)      (6,748)      404,028
3184  AMBERWOOD II              GA    61        319,105    2,998      5,103      2,546     (17,626)      (2,368)      309,757
3197  PARKWOOD VIL II           GA    66        361,779    4,351      4,265      2,190     (22,608)      (5,053)      344,924
3200  SKYRIDGE                  GA   120        683,597    2,891      5,851      3,924     (11,361)      (3,759)      681,144
3266  MARSH LANDING             GA    57        278,804    2,128      2,986        822     (12,240)        (420)      272,081
</TABLE>
<PAGE>
                                      145
<TABLE>
CARDINAL REALTY SERVICES, INC.
INDIVIDUAL PROPERTY FINANCIAL INFORMATION SUMMARY (UNAUDITED)
BASED ON PROPERTIES OWNED AS OF DECEMBER 31, 1996
<CAPTION>
                               SELECTED FINANCIAL INFORMATION (ACCRUAL BASIS)
                               -----------------------------------------------------------------------------------------------
                                                                               Laundry
                                                                               Vending
                                                 Rent   Interest   Security    & Other                                  Net
Prop#     Name                 Loc  Units       Revenue  Revenue   Deposits    Revenue    Vacancies    Bad Debts      Revenues
==============================================================================================================================

      SYNDICATED
      ==========================

<S>   <C>                      <C><C>     <C>           <C>      <C>        <C>        <C>          <C>          <C>
3269  WOODSIDE                  GA    52        236,791    3,816      2,418      3,608      (8,717)           0       237,916
3270  GREENTREE                 GA    43        190,808      667        495      2,865      (8,719)      (1,335)      184,782
3271  STILLWATER                GA    53        275,497    1,413      1,762      3,183      (7,273)      (2,712)      271,871
3353  RAMBLEWOOD II             GA    28        129,052    2,078      1,793        754      (4,016)         (15)      129,647
3358  LINK TERRACE              GA    54        285,540    2,992      1,776      5,832     (18,749)      (2,435)      274,956
3366  GREENTREE II              GA    32        144,053      508      1,475      2,062     (10,071)      (3,120)      134,907
3378  SUNNYSIDE                 GA    72        321,809    1,901      7,005      4,357      (5,995)        (133)      328,943
3409  QUAIL CALL                GA    55        246,573      548      2,639      4,498      (5,205)      (1,904)      247,150
3428  WESTWAY                   GA    70        350,321    4,222      3,738      2,789     (12,387)      (2,212)      346,471
3430  CAMDEN WAY                GA    63        274,010      580        888      2,731     (80,322)      (1,476)      196,410
3450  CAMDEN WAY II             GA    60        262,454    5,940      1,031      3,475     (67,534)      (1,016)      204,349
4101  FORSYTHIA CT HARFORD      MD    76        441,642    2,086         65      7,491     (24,490)      (1,590)      425,204
4149  GLEN HOLLOW GLEN BURNIE   MD    47        310,213      468      2,700      2,676     (18,011)      (1,006)      297,040
4708  ANNHURST HARFORD          MD    68        414,654    2,428      4,832      6,938     (19,841)      (4,882)      404,128

                                  -------------------------------------------------------------------------------------------
409                               25,859   $130,169,282 $831,514 $1,097,892 $1,600,490 $(8,163,745) $(1,800,439) $123,734,994
                                  -------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
                                      146
<TABLE>
CARDINAL REALTY SERVICES, INC.
INDIVIDUAL PROPERTY FINANCIAL INFORMATION SUMMARY (UNAUDITED)
BASED ON PROPERTIES OWNED AS OF DECEMBER 31, 1996
<CAPTION>
                                        SELECTED FINANCIAL INFORMATION (ACCRUAL BASIS) (cont'd)
                                        -------------------------------------------------------------
                                                                 Contractual
                                                                    First     Subordinate  Interest
                                        Operating  Net Operating   Mortgage     Debt        Payable
 Prop #               Name               Expenses     Income       Interest    Interest   to Cardinal
=====================================================================================================

          WHOLLY OWNED PROPERTIES
          ==============================

  <S>     <C>                             <C>           <C>         <C>         <C>        <C>
  1375    RIVERVIEW ESTATES               $171,114      $206,175    $123,479         $0        $(20)
  1377    APPLE RIDGE I                     94,839       140,849     113,226        389       2,971
  1389    THE WILLOWS I                     90,246       110,620      51,287          0           0
  1439    MONTROSE SQUARE                  245,572       223,929     143,259          0           0
  1542    SPRINGWOOD                        87,967       127,137      69,653          0       1,326
  1620    MEADOWOOD                        102,647        59,144      38,730      5,860           0
  1672 *  RIDGEWOOD ELHART                  67,397        69,722      44,957          0      (4,826)
  1690    HEATHMOORE I                     153,216       230,194     116,446        350           0
  1750    CEDARWOOD II                      84,133       142,100     109,204          0       2,191
  1780    BRUNSWICK                        190,835       210,315     110,429     27,546           0
  1786    SPICEWOOD                        124,919       135,499      94,913          0          52
  1806    WINTHROP CT II                    79,768       102,223      79,397        427       1,755
  1809    MEADOWOOD II                     190,728       116,672      66,366          0       3,574
  1810    ACADIA CT II                     241,539       294,170     167,873          0           0
  1814    ASHFORD HILL                     157,056       196,160     132,542          0           0
  1816    CEDARWOOD III                     85,702       140,501      78,816          0       5,779
  1822    MARABOU MILLS I                  174,125       233,850     141,478          0       1,613
  1823    ELMTREE PARK I                   166,599       170,121     108,106          0           0
  1824    AMESBURY I                       126,354       156,104      91,357        707           0
  1825    BRADFORD PL                      147,684       165,833     110,196      4,078       4,255
  1830    SHERBROOK                        192,284       180,672     108,008          0           0
  1833    HAYFIELD PARK                    155,573       250,319     123,901          0           0
  1838    CEDARGATE II                      93,183       168,880      84,614          0           0
  1839    DARTMOUTH PL II                  108,409       163,762      78,303          0           0
  1841    WILLOWOOD II                     134,686       126,250      79,889          0         (17)
  1843    DOGWOOD GLEN I                   158,633       262,293     142,036      1,008         689
  1846    CHERRY GLEN I                    148,992       176,952     123,068          0           0
  1853    FOXHAVEN                         195,046       266,482     168,420          0         (17)
  1859    ANNHURST II                      106,626       138,395      96,550        634           0
  1863    HUNTER GLEN                      148,559       158,783      92,414          0           0
  1869    HARVEST GROVE I                  130,370       211,256     123,464          0           0
  1871    CLEARWATER                        95,955       139,513      79,765          0           0
  1877    SHERBROOK                        216,798       266,072     122,220          0         549
  1880    ARAGON WOODS                     142,091       170,435      98,918          0           0
  1885    NEWBERRY II                       95,332       156,215      91,254          0           0
  1887    RIVER GLEN I                     104,038       172,089      97,098          0       3,152
  1889    APPLEGATE II                     162,232       222,474     114,472        711         646
  1895    ROSEWOOD COMMONS II              151,638       201,843     115,965          0      12,062
  1898    RIDGEWOOD II                     187,137       242,324     121,624          0           0
  1908    CHERRY GLENN II                  148,141       180,374      96,023          0           0
  1909    LINDENDALE                       127,669       223,447     135,873          0       6,320
  1911    ELMTREE PARK II                  116,364       123,680     105,712          0           0
  1914    WOODLANDS II                     146,650       187,350     100,550          0           0
  1917    WILLOWOOD II                     102,079       176,429      78,739          0           0
  1935    RED DEER II                      108,284       218,510     110,442          0          (0)
  1936    SUFFOLK GROVE II                  96,939       173,380      97,207          0       2,489
  1937    THE WILLOWS III                   85,006       119,941      77,796        324           0
  1946    AMBERWOOD                        156,558       107,926      73,635     17,624       1,805
  1966    RIVER GLEN II                     90,507       154,452     118,427        642       2,928
  1982    MARABOU MILLS III                117,816       174,570     137,694          0       3,100
  1983    CAMBRIDGE COMMONS III            145,868       121,259     116,933     14,680           0
  1986    GARDEN CT                        217,533       335,262     157,038          0           0
  1005    ANNHURST III                     112,680       126,836      84,714          0       2,959
  1039    LAUREL BAY                       193,530       170,797      80,487          0           0
  2137    WINDWOOD I                       152,918        91,784      46,611     11,311         900
  2208    GARDEN TERRACE I                 123,275       113,966      52,053          0      19,304
  2385    CANTERBURY CROSSINGS             215,223       255,656     118,943     25,133           0
  2455    THYMEWOOD II                     231,654       241,466     145,114     15,775           0
  2462    FOREST GLEN                      149,312       190,362      87,677          0       3,855
  2469    BEL AIRE II                      174,917       133,113      99,793     11,401           0
  2479    HERON POINTE                     245,002       246,277      67,871        603       1,187
  2482    OAKWOOD VILLAGE                  164,764       120,677      54,599          0       4,446
  2487    RIVERS END II                    141,087       207,592     104,413          0           0
  2501    WHISPERING PINES II               93,289        89,060      47,537     11,580           0
  2512    SKY PINES II                     119,294       117,632      91,740          0      20,882
  2513    CRYSTAL CT II                    140,554       160,663     102,052     25,686           0
  2515    HIDDEN ACRES                     204,853       232,599     124,059     26,353       1,165
</TABLE>
<PAGE>
                                      147
<TABLE>
CARDINAL REALTY SERVICES, INC.
INDIVIDUAL PROPERTY FINANCIAL INFORMATION SUMMARY (UNAUDITED)
BASED ON PROPERTIES OWNED AS OF DECEMBER 31, 1996
<CAPTION>
                                        SELECTED FINANCIAL INFORMATION (ACCRUAL BASIS) (cont'd)
                                        -------------------------------------------------------------
                                                                 Contractual
                                                                    First     Subordinate  Interest
                                        Operating  Net Operating   Mortgage     Debt        Payable
 Prop #               Name               Expenses     Income       Interest    Interest   to Cardinal
=====================================================================================================

          WHOLLY OWNED PROPERTIES
          ==============================

  <S>     <C>                          <C>         <C>           <C>         <C>         <C>
  2519    CENTRE LAKE III                  717,737       633,057     439,593          0       3,056
  2520    PINE VIEW                        236,900       183,861     111,756     26,937           0
  2521    BLUEBERRY HILL I                 170,120       130,433      68,440          0         (17)
  2526    HOLLY SANDS II                   111,677       155,577      74,315     15,627         212
  2527    SUNSET WAY I                     299,029       297,638     173,465     18,000      44,152
  2530    PINE BARRENS                     247,809       260,739     129,609          0       3,402
  2535    PELICAN POINTE I                 168,442       230,483     120,153          0         (17)
  2537    CALIFORNIA GARDENS               146,495       155,994      87,590     21,645           0
  2543    MIGUEL PL                        163,350       204,656     107,544     23,579           0
  2545    JUPITER COVE I                   157,493       219,624     109,429     25,490           0
  2546    PELICAN POINTE II                145,774       185,837      74,495          0         461
  2547    MARK LANDING I                   187,957       199,772      84,954     19,457           0
  2549    JUPITER COVE III                 160,584       209,194     119,483     16,628           0
  2556    HILLSIDE TRACE                   122,150       148,839      76,278     18,726           0
  2559    JEFFERSON WAY I                  137,110       150,732      81,021     11,794           0
  2580    SUNSET WAY II                    308,771       289,346     232,259          0           0
  2587    OAK GARDENS                      301,595       338,717     218,822     32,015           0
  3166    CEDAR HILL                       154,275       230,372     111,259        544           0
  3171    LAUREL GLEN                      171,342       279,519     185,913        637       2,919
  3173    SPRINGBROOK                      178,928       222,512     156,627          0         368
  3174    LAKESHORE I                      179,165       173,341      80,434        463           0
  3175    GLENVIEW                         156,617       194,911     129,362          0           0
  3186    RAMBLEWOOD II                    192,217       246,755     166,112      3,000           0
  3188    VALLEYBROOK                      107,949       275,395     157,042          0       1,969
  3189    WILLOW LAKES                     170,792       272,156     163,771          0           0
  3190    GLENWOOD VILLAGE                 158,263       215,068     117,637          0           0
  3208    RAVENWOOD                        159,621       230,358     131,272          0           0
  3209    INDIAN LAKE I                    473,684       890,526     418,350          0           0
  3231    WALKER PL                        155,851       138,646      76,341          0       6,482
  3233    GREENBRIAR GLEN                  176,740       240,262     136,145     22,453       6,270
  3400    HATCHERWAY                       113,488       139,768      88,691      2,760       4,639
  3417    GLEN ARM MANOR                   126,309       174,130     100,832     15,277           0
  3480    MILL RUN                         181,211       212,251     119,681      4,433        (275)
  3486    STEWART WAY I                    146,197       182,430     129,315      4,790       5,866
  3494    WILCREST WOODS                   164,234       176,514      99,563      3,688       5,465
  3496    MARSHLANDING II                  107,602       123,084      83,823          0           0
  3522    STEWART WAY II                   139,328       182,171     116,795      4,326       8,516
  3532    KINGS COLONY                     185,283       272,447     149,421          0      24,640
  4109    CHERRY TREE                      207,635       361,155     202,260          0           0
  4111    FORSYTHIA CT II                  160,526       249,744     222,266          0           0
  4133    MERRIFIELD                       203,505       308,208     193,644          0      13,436
  5910    MARABOU MILLS II                 128,633       177,858      89,955          0       7,703
  5886    PICKERINGTON MEADOWS             123,559       162,528      79,394        545      39,199
  5903    BRUNSWICK II                     157,636       159,877     118,984          0      48,368
  5906    AMESBURY II                      143,037       170,345     118,109          0      49,505
  5951    HARVEST GROVE II                 121,055       144,233      99,736          0      35,898
                                       ------------------------------------------------------------
   113                                 $18,259,463   $22,502,451 $13,119,364   $495,636    $419,291
                                       ------------------------------------------------------------
        * Partial year
</TABLE>
<PAGE>
                                      148
<TABLE>
CARDINAL REALTY SERVICES, INC.
INDIVIDUAL PROPERTY FINANCIAL INFORMATION SUMMARY (UNAUDITED)
BASED ON PROPERTIES OWNED AS OF DECEMBER 31, 1996
<CAPTION>
                                        SELECTED FINANCIAL INFORMATION (ACCRUAL BASIS) (cont'd)
                                        -------------------------------------------------------------
                                                                 Contractual
                                                                    First     Subordinate  Interest
                                        Operating  Net Operating   Mortgage     Debt        Payable
 Prop #               Name               Expenses     Income       Interest    Interest   to Cardinal
=====================================================================================================

                   SYNDICATED
          ==============================
  <S>     <C>                             <C>           <C>        <C>         <C>         <C>
  1109    DOGWOOD TERRACE                 $237,560      $157,908    $174,330         $0     $59,338
  1112    LONDON LAMPLIGHT                 120,336       114,187      16,717          0       4,379
  1123    SPRINGFIELD WOODGATE              89,004        60,859      25,936      6,390           0
  1262    THE BIRCHES LIMA                  97,688       120,425      85,780          0       3,395
  1297    PLUMWOOD APTS                    172,946       306,685     157,398          0      14,034
  1310    MELDON PL                        229,053       314,175     161,716          0      62,866
  1320    WEST OF EASTLAND                 214,061       282,890     198,548          0      65,054
  1322    PARKVILLE                        190,190       243,826     155,826          0       1,799
  1327    CHARING CROSS APTS               114,832       153,109      74,437          0      25,483
  1329    INDEPENDENCE VIL                 226,764       295,054     197,866          0       6,219
  1330    POPLAR CT                        109,105       145,979      72,108      4,209       2,701
  1341    GREENLEAF APTS                    96,036        59,859      48,256      7,350       6,720
  1344    LAUREL CT APTS                   122,693       154,872     121,833          0      19,051
  1379    AMHURST APTS                     155,627       166,973      84,689          0       8,506
  1404    KETWOOD APTS                     188,279       240,122     150,665          0           0
  1436    SANDALWOOD APTS                   82,056        90,875      48,100          0           0
  1437    HICKORY MILL                     121,791       180,905      91,778          0           0
  1455    MONTROSE SQ                      116,039       125,790      68,014          0      59,415
  1456    APPLE RIDGE                       82,233       123,267      87,711          0      17,556
  1460    WESTWOOD                          40,572        12,275       8,194          0       5,378
  1461    APPLE RUN II                     106,531       103,306      44,712     10,039      23,188
  1462    PLUMWOOD                          81,549       100,133      38,750          0       8,527
  1464    GREENGLEN                        108,799       144,596      76,261     13,376      57,118
  1465    CEDARWOOD BELPRE                  76,437       102,396      55,839          0       2,233
  1466    AMHURST II                       151,267       170,995      87,962          0       3,415
  1469    CHELSEA CT                       107,954       148,838      64,135          0      17,956
  1470    MILLSTON APTS                     92,395        75,081      38,484          0      37,428
  1473    MILLBURN II                      136,565       112,354      80,940     11,592      26,113
  1483    WOODBINE                          72,759        91,945      66,503          0       2,547
  1485    HAMPSHIRE II                     141,893       111,938      61,090          0      28,144
  1489    PLUMWOOD                         109,379       139,125      57,456          0      28,373
  1491    CAMELLIA CT WASHINGTON CH         86,452        83,089      49,167          0      26,736
  1499    CONCORD SQ ONTARIO                92,174        90,224      58,384          0       2,679
  1505    CAMELLIA CT DAYTON               110,913       153,081      92,793          0         499
  1510    BECKFORD PL WAPAKONETA            80,663        71,574      50,005          0      14,920
  1511    APPLEGATE CHILLICOTHE II          84,159        58,191      49,566          0      15,018
  1512    SPRINGWOOD NEW HAVEN             113,108       104,076      67,368          0      32,089
  1516    THE WILLOWS DELAWARE II           74,154       111,507      63,416          0      40,048
  1519    GREENGLEN ALLEN II                86,071       131,340      80,041          0       6,037
  1523    LARKSPUR MORAINE                  64,448        63,844      39,361          0      14,635
  1524    MILLSTON ABERDEEN II              68,601        61,066      28,681          0      34,019
  1526    CAMELLIA CT COLUMBUS             101,162       205,119      99,097          0      14,843
  1527    WOODBINE CUYAHOGA FALLS          115,480       189,188      97,034          0       2,481
  1528    APPLEGATE LORDSTOWN               96,540        80,821      48,059          0      19,623
  1529    PARKVILLE ENGLEWOOD              109,424       117,522      55,325          0       7,966
  1530    CEDARWOOD SABINA                  81,425        54,049      35,779      1,750       4,647
  1531    ANDOVER CT                       136,095       117,852      68,606          0      15,124
  1533    HAMPSHIRE BLUFFTON                97,864        97,357      56,752          0      23,045
  1534    CONCORD SQ LAWRENCEBURG          107,049       118,266      74,258          0      14,139
  1535    GREENGLEN TOLEDO II              101,130       159,028      81,930          0      39,842
  1539    FOXTON SEYMOUR                    97,670        63,419      63,228          0       9,720
  1540    DARTMOUTH PL KENT                118,663       171,410      87,939          0           0
  1549    CAMELLIA CT DAYTON II            104,120       141,708      73,383          0      15,680
  1550    APPLEGATE COLUMBUS               103,254       187,883      90,467          0      15,338
  1553    APPLE RIDGE III                   52,174        76,320      48,578          0       1,279
  1554    SPRINGWOOD AUSTINTOWN II         107,506        87,234      53,493      2,409      13,166
  1555    DOVER PL EASTLAKE                119,714       239,812     105,589          0      15,470
  1556    PARKVILLE PARKERSBURG             91,979       115,674      79,298          0      10,654
  1557    HARTWICK TIPTON                   98,946       107,487      57,361          0      13,995
  1558    BECKFORD PL THE PLAINS           121,115       184,053      95,022          0      20,368
  1559    LARKSPUR COLUMBUS                120,328       182,256      98,751          0      10,212
  1560    SPRINGWOOD COLUMBUS              134,749       156,203     127,446          0       6,683
  1561    PARKVILLE GAS CITY               108,194       101,080      62,429          0      30,490
  1562    CAMELLIA CT CARROLLTON           111,382       106,199      59,144          0      30,620
  1563    FOXTON DAYTON II                 181,169       181,855     128,086          0      37,578
  1566    APPLE RUN HILLSDALE               93,417        95,044      49,320          0      19,398
  1567    PINE GROVE ROSEVILLE             108,548       172,997     119,357          0       1,061
</TABLE>
<PAGE>
                                      149
<TABLE>
CARDINAL REALTY SERVICES, INC.
INDIVIDUAL PROPERTY FINANCIAL INFORMATION SUMMARY (UNAUDITED)
BASED ON PROPERTIES OWNED AS OF DECEMBER 31, 1996
<CAPTION>
                                        SELECTED FINANCIAL INFORMATION (ACCRUAL BASIS) (cont'd)
                                        -------------------------------------------------------------
                                                                 Contractual
                                                                    First     Subordinate  Interest
                                        Operating  Net Operating   Mortgage     Debt        Payable
 Prop #               Name               Expenses     Income       Interest    Interest   to Cardinal
=====================================================================================================

                   SYNDICATED
          ==============================
  <S>     <C>                              <C>           <C>        <C>         <C>         <C>
  1568    ASHGROVE FRANKLIN                129,438       172,128     117,168          0      10,024
  1569    MEADOWOOD JACKSON                101,117       149,292      99,075          0       5,708
  1571    GEORGETOWN S TUSCARAWAS II       136,332        45,440      54,511          0      31,684
  1572    CONCORD SQ KOKOMO                 93,577       164,756      73,814          0      10,399
  1573    SANDALWOOD ALEXANDRIA            103,917        91,661      49,764          0      27,621
  1574    AMHURST TOLEDO                   118,887       159,060      75,378          0      22,980
  1575    HAMPSHIRE WILLIAMSTOWN            72,591        45,787      33,098          0      19,794
  1576    MEADOWOOD MANSFIELD              106,525       116,847      84,820          0      17,100
  1577    HICKORY MILL HURRICANE            96,159       121,293      69,342          0      21,022
  1578    ASHGROVE FLORENCE                117,203       104,184      92,807          0       3,762
  1579    MEADOWOOD FRANKLIN               106,751       183,996      85,790          0       9,692
  1581    CEDARWOOD GOSHEN                  85,806       116,918      52,675          0           0
  1582    CONCORD SQ ONTARIO II             62,267        71,605      62,030          0       4,860
  1583    MEADOWOOD CRAWFORDSVILLE         146,927       152,894     101,556          0      13,800
  1585    BECKFORD PL N CANTON             110,882       187,645     107,709          0      10,924
  1587    PINE GROVE COLUMBUS II            31,182        32,114      32,211          0       6,554
  1588    PLUMWOOD COLUMBUS III             64,272       101,633      41,645          0      21,000
  1589    WOODLANDS COLUMBUS               167,276       249,873     170,313          0       1,927
  1590    WOODLANDS FRANKLIN               106,829       104,495      59,604     13,776      39,732
  1591    MEADOWOOD FLATWOODS               95,979       120,664      75,558          0      21,552
  1592    GREENGLEN DAYTON                 154,102       202,812     107,451          0      28,854
  1593    ASHGROVE INDIANAPOLIS            143,415       154,299      82,403          0      24,903
  1595    MEADOWOOD NICHOLASVILLE          106,360       212,312      97,019          0      31,243
  1596    STONEHENGE RICHMOND              130,294       166,798      79,623          0      34,855
  1597    WILLOWOOD COLUMBUS                96,495       170,628      58,188          0      32,032
  1598    CEDARGATE BOWLING GREEN           98,373       192,758      83,434          0      28,781
  1599    WILLOW RUN WILLARD               123,606        94,052      80,871          0      32,682
  1600    HEATHMOORE JEFFERSON             140,945       133,956      85,822          0      38,843
  1601    STONEHENGE GLASGOW               100,183       105,175      67,035          0      36,315
  1602    HEATHMOORE INDIANAPOLIS          115,241       172,315      89,090          0      24,150
  1603    APPLE RUN TRUMBULL               116,971       103,710      62,802          0      32,323
  1604    FOXTON MONROE                    126,204       146,913      83,180          0       2,142
  1605    ASHGROVE CALHOUN                 118,586       125,072      99,666          0      15,022
  1606    STONEHENGE OTTAWA                 59,645        96,768      51,655          0      15,277
  1613    WOODLANDS ZELIENOPLE             124,348       154,179      80,644          0      18,476
  1615    RIDGEWOOD WESTLAND               150,875       164,100     128,451          0         500
  1616    HEATHMOORE MACOMB                139,516       242,187     171,512          0           0
  1617    DOVER PL EASTLAKE II             127,962       223,362     115,839          0      45,709
  1618    DOVER PL EASTLAKE III             60,368       106,551      58,832          0      18,820
  1619    CEDARGATE MICHIGAN CITY          146,314       108,319      72,408          0      23,981
  1622    CEDARGATE BLOOMINGTON            147,822       245,504     108,128          0      24,000
  1623    CEDARGATE LANCASTER               97,495        92,001      55,792          0      25,573
  1624    STONEHENGE JEFFERSON             134,475       168,378      80,978          0      65,000
  1626    SLATE RUN INDIANAPOLIS           192,941       290,272     160,053          0      31,279
  1630    SANDALWOOD TOLEDO                 89,542       155,147      92,515      5,184      16,287
  1635    RIDGEWOOD COLUMBUS               107,416       201,324      96,011          0      34,455
  1637    APPLEGATE DELAWARE               130,094       141,136      66,552          0      20,040
  1638    MEADOWOOD LOGANSPORT              90,605        99,243      59,567          0      15,980
  1639    SLATE RUN LEBANON                141,424       175,817      81,215          0      30,600
  1640    WESTWOOD ROCHESTER                97,010        74,722      67,968          0      25,713
  1641    WILLOWOOD WOOSTER                 98,394       142,445      66,027          0      24,924
  1642    STONEHENGE STARK                 130,421       131,891      57,851          0      31,417
  1644    RIDGEWOOD LEXINGTON              106,648       215,692      99,182          0      65,584
  1645    RIDGEWOOD BEDFORD                 94,374       129,475      62,743          0      27,097
  1646    CAMELLIA CT COLUMBUS II           70,389       127,765      60,457          0      20,577
  1647    CEDARGATE ENGLEWOOD              137,405       165,610     128,149          0      17,881
  1648    SLATE RUN HOPKINSVILLE           137,364       104,536      84,134          0      47,372
  1649    WILLOWOOD GROVE CITY             103,303       134,933      81,973          0      19,112
  1650    MEADOWOOD COLUMBUS               113,341       178,886      97,649          0      25,663
  1651    STONEHENGE INDIANAPOLIS          138,780       173,107      90,670          0      31,144
  1652    MEADOWOOD WARRICK                128,041       123,330      96,562          0      46,484
  1653    WILLOWOOD E INDIANAPOLIS         123,954       160,106      87,805      3,299      39,303
  1655    CEDARGATE SHELBY                 114,919       166,945     108,660          0      21,180
  1656    RIDGEWOOD RUSSELVILLE             95,658       110,126      73,201          0      34,520
  1657    WILLOW RUN NEW ALBANY            140,743       181,378      81,153          0      34,941
</TABLE>
<PAGE>
                                      150
<TABLE>
CARDINAL REALTY SERVICES, INC.
INDIVIDUAL PROPERTY FINANCIAL INFORMATION SUMMARY (UNAUDITED)
BASED ON PROPERTIES OWNED AS OF DECEMBER 31, 1996
<CAPTION>
                                        SELECTED FINANCIAL INFORMATION (ACCRUAL BASIS) (cont'd)
                                        -------------------------------------------------------------
                                                                 Contractual
                                                                    First     Subordinate  Interest
                                        Operating  Net Operating   Mortgage     Debt        Payable
 Prop #               Name               Expenses     Income       Interest    Interest   to Cardinal
=====================================================================================================

                   SYNDICATED
          ==============================

  <S>     <C>                              <C>           <C>        <C>         <C>         <C>
  1658    ASHGROVE JEFFERSON               110,245       191,474      97,207          0      37,295
  1659    SLATE RUN JEFFERSON              130,187       159,398      83,907          0      45,283
  1660    MEADOWOOD LEXINGTON               89,094       145,370      69,190          0      28,075
  1661    FORSYTHIA CT COLUMBUS            132,395       162,791      91,376          0      25,388
  1663    WATERBURY GREENWOOD              121,799        91,592      64,987          0      23,913
  1664    SLATE RUN BARDSTOWN              102,483       100,283      70,935          0      54,263
  1666    WILLOWOOD FRANKFORT              114,679       145,223     125,441          0      18,655
  1667    BECKFORD PL NEW CASTLE            92,889       109,954      57,192          0      20,700
  1669    WILLOWOOD OWENSBORO              105,962        98,185      66,609          0      51,967
  1670    STONEHENGE MONTGOMERY            151,351       198,747     104,695          0      43,067
  1671    LARKSPUR MORAINE II               39,645        26,311      18,150          0       7,244
  1673    SLATE RUN BEDFORD                179,896       195,502     120,550          0      31,226
  1674    ROSEWOOD JEFFERSON               151,452       261,319     148,875          0      46,512
  1676    MILLBURN STOW                    141,731       193,811      98,591          0      30,000
  1677    WILLOW RUN MADISONVILLE          127,298       167,104     130,713          0      40,466
  1678    CEDARWOOD GOSHEN II               83,824       134,555      83,762          0      17,177
  1679    HEATHMOORE EVANSVILLE            142,484       183,369     130,382          0      35,043
  1681    FOREST PARK MEADOWOOD            216,167       356,964     168,862          0           0
  1682    STONEHENGE TECUMSEH              114,655       143,317      66,690          0      28,500
  1683    BRANDON CT BLOOMINGTON           193,665       240,274     132,236          0      45,312
  1686    ASHGROVE STERLING                253,579       409,666     247,850      9,220      74,591
  1687    MONTGOMERY CT INGHAM             143,568       180,231     106,854          0      29,998
  1691    PINE GROVE ROSEVILLE II           72,591       113,830      67,580          0       8,808
  1692    MEADOWOOD MONROE                 118,840       179,804     119,962          0      26,285
  1695    ANNHURST INDIANAPOLIS            207,901       170,689      88,835          0       5,364
  1696    ANNHURST ALLEGHENY               269,419       325,193     174,520          0      71,114
  1698    WOODLANDS STREETSBORO            123,150       224,291     110,532          0      21,215
  1699    ROANOKE OAKLAND                  207,636       387,165     186,933          0      35,665
  1700    DANIEL CT CLERMONT               236,294       316,649     268,632          0      55,054
  1702    STRATFORD SOUTH CHARLESTON       182,520       216,820     150,778          0      36,033
  1703    BARRINGTON BEDFORD               207,143       272,370     150,769          0      39,000
  1704    MULBERRY HILLIARD                138,086       183,004     104,439      2,875      21,950
  1705    WOODLANDS COLUMBUS II            136,914       200,223     110,487     23,987      30,000
  1707    LARKSPUR COLUMBUS II             124,918       190,244     112,151          0      90,937
  1714    NEWBERRY EATON                   126,372       204,356     106,068          0       8,891
  1717    HICKORY MILL HURRICANE II         85,735       113,774      62,118          0      32,381
  1718    MEADOWOOD COLUMBUS II             46,412        66,701      34,772          0      18,354
  1719    VALLEYFIELD LEXINGTON            152,359       255,497     133,780          0      64,307
  1720    RIDGEWOOD COLUMBUS II            100,903       192,302      92,810          0      30,609
  1721    OLIVEWOOD INDIANAPOLIS           135,388       187,531      87,822          0      39,915
  1723    ROANOKE JEFFERSON                142,454       192,808      94,904          0      27,900
  1724    MEADOWOOD CUYAHOGA FALLS         127,418       209,247     119,091          0      31,500
  1725    RIDGEWOOD LEXINGTON II            90,436       176,770      98,958          0      38,897
  1726    STONEHENGE JASPER                 78,890        66,310      34,797          0      23,040
  1727    CARLETON CT KANAWHA              141,395       195,726     112,572          0      35,710
  1728    NEWBERRY GROVE CITY              137,534       136,792      72,120     13,035      41,724
  1729    BECKFORD PL N CANTON II          110,412       188,330     113,937          0      34,923
  1730    NORTHRUP CT ALLEGHENY            148,674       197,097     111,095     23,756      18,212
  1731    FORSYTHIA CT JEFFERSON           195,607       276,538     162,766      6,029      52,749
  1732    WINTHROP CT FRANKFURT            168,281       165,181     112,983          0      51,343
  1733    PRINCETON CT EVANSVILLE          144,485       143,060      86,751      3,192      48,623
  1735    ROSEWOOD COLUMBUS                199,699       214,832     119,924          0      43,789
  1737    SLATE RUN JEFFERSON II           128,772       164,496     128,513          0      37,462
  1741    WILLOWOOD TROTWOOD               137,160       124,606      72,640     15,055      32,652
  1744    BRUNSWICK TRUMBULL               106,198       200,150     106,212          0           0
  1745    WYCLIFFE CT                      123,870       177,998     119,281          0      50,806
  1747    SLATE RUN MIAMISBURG             115,389       134,178      77,918          0      30,529
  1748    MONTGOMERY CT COLUMBUS           139,237       175,913     101,226          0      53,094
  1749    WATERBURY CLARKSVILLE            109,302       150,423      77,305          0      28,775
  1751    WINTHROP CT COLUMBUS             126,217       178,866      99,369          0      28,913
  1752    PICKERINGTON MEADOWS             129,276       135,181      73,544          0      63,468
  1756    WATERBURY CLERMONT               161,577       207,041     105,951          0      40,605
  1757    WILLOWOOD GROVE CITY II           60,102        70,307      39,137      7,064      17,486
  1758    CEDARGATE BLOOMINGTON II         122,460       203,791     102,461          0      33,768
  1759    ACADIA CT                        237,184       310,931     192,679          0      67,805
</TABLE>
<PAGE>
                                      151
<TABLE>
CARDINAL REALTY SERVICES, INC.
INDIVIDUAL PROPERTY FINANCIAL INFORMATION SUMMARY (UNAUDITED)
BASED ON PROPERTIES OWNED AS OF DECEMBER 31, 1996
<CAPTION>
                                        SELECTED FINANCIAL INFORMATION (ACCRUAL BASIS) (cont'd)
                                        -------------------------------------------------------------
                                                                 Contractual
                                                                    First     Subordinate  Interest
                                        Operating  Net Operating   Mortgage     Debt        Payable
 Prop #               Name               Expenses     Income       Interest    Interest   to Cardinal
=====================================================================================================

                   SYNDICATED
          ==============================

  <S>     <C>                              <C>           <C>        <C>         <C>         <C>
  1760    WILLOWOOD E INDIANAPOLIS II      116,486       144,875      71,904          0      45,661
  1761    SHERBROOK COLUMBUS               120,261       154,295      88,555          0      32,264
  1762    LONGWOOD LEXINGTON               118,420       162,275      99,894          0      51,056
  1763    NORTHRUP CT ALLEGHENY II         126,215       148,836      79,867          0      35,273
  1765    LAURELWOOD CT BEDFORD             94,446       124,143      64,625          0      36,956
  1768    CARLETON CT ANN ARBOR            273,458       382,170     197,665          0     109,023
  1770    VALLEYFIELD                      240,495       264,813     180,604          0      29,542
  1772    WENTWORTH ROSEVILLE              171,198       249,870     138,054          0      34,707
  1773    WATERBURY WESTLAND               252,816       332,450     195,281          0      50,637
  1777    HEATHMOORE INDIANAPOLIS II       151,058       241,298     122,564          0      32,316
  1779    AMBERIDGE                        118,704       137,390      87,120          0      25,500
  1783    WOODLANDS STREETSBORO II         120,764       218,214     141,706          0      85,799
  1785    CARLETON CT ERIE                 156,868       134,358      96,913          0      22,379
  1787    ROSEWOOD COMMONS                 189,136       244,709     163,302          0      34,685
  1790    WILLOWOOD FRANKFORT II           101,498       122,673      78,816          0      38,690
  1794    ANNHURST COLUMBUS                110,031       143,264      95,074          0      72,817
  1799    BEREA TABOR RIDGE                222,525       270,608     161,200          0           0
  1801    WILLOWOOD WOOSTER II             105,212       117,091      74,013          0       2,627
  1804    CAMBRIDGE COMMONS                184,456       197,323      82,202     20,300      35,039
  1805    OLIVEWOOD INDIANAPOLIS II        136,578       177,911      97,138          0         150
  1807    BRUNSWICK MONONGALIA             183,141       253,739     167,958          0      45,264
  1812    HAMPTON WOODS COLUMBUS           109,276       101,813      77,698          0      22,273
  1813    SUFFOLK GROVE GROVE CITY         131,595       225,142     113,374          0      43,234
  1815    MONTGOMERY CT COLUMBUS II        122,687       172,199      74,545      1,785      36,982
  1818    REDWOOD HOLLOW SMYRNA            146,372       205,718     131,001          0      46,673
  1829    CLEARVIEW GREENWOOD              142,497       223,746     101,122      4,998          89
  1832    ANSLEY OAKS                      150,814       179,170     117,186     16,630      30,000
  1844    STERLING HGTS OLIVEWOOD          322,216       566,159     256,893          0           0
  1847    RED DEER FAIRBORN                116,376       229,882     124,193          0      (4,337)
  1851    ASHGROVE STERLING II             187,916       340,293     196,321     24,464      30,766
  1866    HEATHMOORE WAYNE II              125,159       194,968      90,269          0      13,807
  1875    DOVER PL EASTLAKE IV             141,493       254,121     148,531          0      14,368
  1905    CAMBRIDGE COMMONS II             160,049       153,552     125,940          0       1,868
  1907    DOGWOOD GLEN MARION II           149,657       227,450     122,414          0      13,293
  1916    CLEARVIEW GREENWOOD II           140,677       274,215     120,958     28,949           0
  1928    WOODLANDS COLUMBUS III           169,001       257,904     174,593          0           0
  1944    TIMBERCREEK TOLEDO               137,943       219,938     142,860          0           0
  2100    SANFORD CT INVESTORS             274,401       222,573     178,775          0           0
  2106    OLD ARCHER CT                    149,925       188,287      71,933          0      14,956
  2107    PALATKA OAKS                      84,292        34,481      16,406          0      18,172
  2108    AZALEA HILL                       77,789        76,961           0          0       4,752
  2112    TURKSCAP                         109,787        90,479      44,501          0      11,228
  2114    CEDARWOOD                        110,331       105,756      57,531          0       6,448
  2115    UNIVERSITY SQ                    180,127       167,101      85,108          0       9,308
  2129    NORTHWOOD                         86,873        81,803      47,948          0      45,060
  2131    ROLLINGWOOD                      165,735       100,233     111,932          0       2,870
  2139    MEADOWOOD II                     137,212       139,835      76,264          0       7,387
  2143    CEDARWOOD II                      80,036        68,401      49,219          0      27,325
  2153    NOVAWOOD                         154,461       105,888      55,800     13,145      19,364
  2154    KNOLLWOOD II                      31,635       (40,940)          0          0      62,780
  2164    PALATKA OAKS II                   58,263        43,383      18,047          0      12,741
  2165    NOVAWOOD II                      161,458       109,885      71,820          0      29,711
  2166    WINGWOOD                         196,573       227,937      96,766     22,142      10,761
  2172    HEATHERWOOD II                   106,092        73,082      45,386     10,823          92
  2173    COUNTRYSIDE                      152,701       121,609      77,303          0      21,516
  2174    COUNTRYSIDE II                   235,626       221,072     125,180     30,158           0
  2189    HIDDEN PINES                     158,174       127,875      78,758     11,909         315
  2190    MOSSWOOD                         134,128       134,108      72,758          0      33,461
  2191    MOSSWOOD II                      204,126       219,159     102,618      9,703      12,537
  2193    SUNRISE                          143,429        92,132      67,401     15,996      30,604
  2194    SUNRISE II                        92,168        47,316      35,421      1,312      33,414
  2196    BRANCHWOOD                       242,256       289,919     224,390          0       1,307
  2199    CONCORD SQ II                    201,429       126,805      72,715          0      78,728
  2201    LONGWOOD                         144,664       137,302      70,678     16,776      50,103
  2202    LONGWOOD II                       88,229        78,663      48,801      1,809      34,517
  2205    BRANDYWYNE E                      90,847        85,264      43,701     10,919      40,210
</TABLE>
<PAGE>
                                      152
<TABLE>
CARDINAL REALTY SERVICES, INC.
INDIVIDUAL PROPERTY FINANCIAL INFORMATION SUMMARY (UNAUDITED)
BASED ON PROPERTIES OWNED AS OF DECEMBER 31, 1996
<CAPTION>
                                        SELECTED FINANCIAL INFORMATION (ACCRUAL BASIS) (cont'd)
                                        -------------------------------------------------------------
                                                                 Contractual
                                                                    First     Subordinate  Interest
                                        Operating  Net Operating   Mortgage     Debt        Payable
 Prop #               Name               Expenses     Income       Interest    Interest   to Cardinal
=====================================================================================================

                   SYNDICATED
          ==============================

  <S>     <C>                              <C>           <C>        <C>         <C>         <C>
  2212    AMBERWOOD                        139,178        77,110      36,852          0      39,625
  2215    COUNTRYSIDE III                   78,717        79,182      40,925      9,544       7,306
  2218    INDIAN RIDGE                     124,180       148,874      87,737          0          37
  2222    SHADOWOOD                        147,499       189,173      80,838          0      36,000
  2224    ROSEWOOD                         145,647       135,931      83,678          0      20,093
  2226    SPRINGTREE                       229,123       178,918      47,718     11,139       1,154
  2230    RIVERWOOD                        152,145       148,874      69,925          0      55,671
  2231    APPLEWOOD                        148,252       161,909     101,433          0      56,542
  2234    WINDRUSH                         156,681       138,853      82,309      3,052      56,623
  2235    HERONWOOD                        140,794       146,798      89,989      2,760      23,800
  2237    SANDPIPER II                     141,203       143,422      82,408          0      35,021
  2240    BAYSIDE                          132,181       102,196      54,289     13,566      52,555
  2242    DEERWOOD                         123,017       107,739      53,610     12,756      35,405
  2244    CANDLELIGHT                      105,247        95,313      44,473     10,377      45,944
  2246    GARDEN TERRACE II                136,688       109,724      59,498          0      69,275
  2247    INDIAN RIDGE II                   86,669       109,485      55,186          0      14,541
  2249    SHADOWOOD II                     143,923       179,691      99,588      3,688       8,994
  2251    STRAWBERRY PL                    142,218        96,755      40,926          0      44,532
  2253    CRYSTAL CT                       139,126       142,874      81,219     20,694      44,789
  2254    TURKSCAP III                     115,923       114,976      37,762      7,959      37,563
  2265    PINE LAKE                        106,517        60,111      28,526      5,656      44,617
  2284    CAPITAL RIDGE                    166,042       197,949     119,830          0      14,849
  2285    WOODLAND                         222,714       217,123     130,990     21,988       7,274
  2288    SHADOW RIDGE                     136,213       163,985      80,057          0      66,572
  2295    HICKORY PL                       151,661       195,545      94,243          0     110,168
  2300    PINE TERRACE                     146,456       215,799     126,320      4,681      87,911
  2301    PALM PL                          202,263       257,625     107,960     44,650       4,533
  2309    THE LANDINGS                     140,300       130,733      63,261          0      58,225
  2311    ASTORWOOD                        228,624       239,709     103,410     41,327      20,049
  2312    PINELLAS PINES                   171,682       145,562      99,321          0           0
  2313    SPRING GATE                      150,911       162,892      77,601          0      56,140
  2314    GARDEN TERRACE III               189,620       144,588      83,457          0     101,948
  2340    SHADOW BAY                       139,059       131,370      99,868          0      28,408
  2341    TERRACE TRACE                    191,414       200,005      88,684          0      70,409
  2343    KINGS CROSSING                   168,603       170,188      85,093     16,950      70,074
  2344    ELMWOOD                          156,460       143,801      81,496     19,882      25,706
  2355    NOVA GLEN                        170,135       108,237      75,420     18,017      63,941
  2363    MORNINGSIDE II                   432,457       116,279      88,316     21,240     147,231
  2365    APPLEWOOD II                     185,317       129,203     137,808     21,074      65,044
  2376    MOULTRIE                         195,067       239,144     116,353          0      54,000
  2379    SUGARTREE                        124,004       159,140      66,770     13,893      48,905
  2387    SOUTHGATE                        219,379       184,096      98,388          0      59,941
  2399    SUTTON PL                        128,647       109,256      56,917     13,889      44,434
  2405    DRIFTWOOD                        156,751       170,753      32,582     46,035       1,857
  2407    PINE MEADOWS                     160,645       151,699      84,729          0      61,487
  2411    ELMWOOD II                       149,794       140,863     110,565          0      64,203
  2412    PARKWAY N                        150,324       138,024      80,434      2,979      16,258
  2416    PINE TERRACE II                  125,699       178,557     109,905      4,078      59,599
  2422    HILLVIEW TERRACE                 132,131       165,763      90,637     12,172      44,490
  2427    HILLCREST VILLA                  144,199       145,525      67,585      7,225      40,154
  2429    CYPRESS                          139,881       182,075      89,892     12,253      71,442
  2431    OLYMPIAN VIL                     269,113       225,901     170,989          0      28,142
  2432    SILVER FOREST                    101,785       120,810      61,085     15,140      33,853
  2438    BERRY PINES                      148,708       131,712      79,069          0      45,010
  2439    OAK RIDGE                        144,409       166,641      79,779     17,146      46,932
  2441    OAK SHADE                        176,490       229,608     116,981          0      52,271
  2442    HOLLY SANDS                      143,382       236,103     127,324          0      51,659
  2443    BROADVIEW OAKS                   182,140       215,861     138,185          0       9,432
  2444    THYMEWOOD                        292,148       308,705     182,238     22,201      77,825
  2446    SHADOW BAY II                    148,157       150,967      76,097     19,042      40,025
  2447    CANDLELIGHT II                   123,491        96,821      47,399     11,391      44,480
  2449    SUGARTREE II                     124,274       162,564      88,579          0      51,715
  2451    WINTER WOODS                     145,678       135,400      75,530          0      33,528
  2452    WOODLAND II                      200,434       164,821     108,387     26,143      53,812
  2454    BEL AIRE                         229,819       187,281     127,665     14,586      52,241
  2459    CLEARLAKE PINES II               130,581       117,714      86,123          0      40,788
</TABLE>
<PAGE>
                                      153
<TABLE>
CARDINAL REALTY SERVICES, INC.
INDIVIDUAL PROPERTY FINANCIAL INFORMATION SUMMARY (UNAUDITED)
BASED ON PROPERTIES OWNED AS OF DECEMBER 31, 1996
<CAPTION>
                                        SELECTED FINANCIAL INFORMATION (ACCRUAL BASIS) (cont'd)
                                        -------------------------------------------------------------
                                                                 Contractual
                                                                    First     Subordinate  Interest
                                        Operating  Net Operating   Mortgage     Debt        Payable
 Prop #               Name               Expenses     Income       Interest    Interest   to Cardinal
=====================================================================================================

                   SYNDICATED
          ==============================

  <S>     <C>                              <C>           <C>        <C>         <C>         <C>
  2460    MANCHESTER                       180,051       188,959      95,442     19,655      15,900
  2461    RANCHSIDE                        151,481       149,404      53,136          0      57,113
  2464    ESSEX SQ                         169,113       238,425      96,066          0      20,532
  2465    WESTCREEK                        193,758       216,453     122,812     29,524      58,521
  2466    SKY PINES                        198,697       203,266     115,050          0      67,590
  2470    RIVERS END                       141,890       195,720      98,933          0      51,854
  2471    BRIDGE POINT                     175,855       161,182      96,845          0      33,278
  2478    NOVA GLEN II                     212,365       141,041     102,941          0      54,106
  2483    OAKWOOD MANOR                    200,917       135,373     118,008     27,276      31,077
  2484    HOLLY RIDGE                      302,851       278,664     203,745     31,225      26,295
  2488    HIGH POINTS                      170,162       171,951      84,317          0      76,796
  2499    WINTER WOODS II                  102,738        99,660      68,929      2,548      36,337
  2502    PALM SIDE                        213,241       158,310     100,532      3,723      61,269
  2574    PALM BAY/WINDWOOD II             147,749        74,723      34,088      8,415      28,188
  3101    MEADOWOOD NORCROSS               144,619       245,626      96,339          0      10,655
  3102    CEDARGATE LAWRENCEVILLE          125,849       212,978      85,611          0      15,523
  3104    WILLOW RUN DEKALB                155,920       253,624     186,649          0       1,578
  3108    FOREST VIL BIBB                  169,530       265,288     110,753          0      38,728
  3109    RIDGEWOOD DEKALB                 138,444       222,978     119,840          0      30,790
  3111    IRIS GLEN ROCKDALE               198,725       260,071     167,940          0      30,972
  3112    MEADOWLAND CLARKE                127,002       171,666      78,392          0      20,661
  3114    WILLOWOOD MILLEDGEVILLE          127,725       173,177     106,944          0      29,566
  3115    MEADOWOOD NORCROSS II            129,679       185,015      85,406          0      24,359
  3116    VALLEYFIELD DEKALB               137,477       250,138     133,787          0      28,800
  3117    NORWOOD GWINNETT                 180,184       280,107     118,286          0      21,000
  3118    SHADOW TRACE DEKALB              166,084       313,304     186,953          0       4,074
  3120    OAKLEY WOODS UNION CITY          160,884       157,296      84,264      2,760      13,619
  3121    ELMWOODS MARIETTA                118,785       174,057      81,503          0      29,769
  3122    WOOD TRAIL NEWMAN                118,642       234,082      99,440          0      28,500
  3123    REDAN VIL DEKALB                 169,202       277,951     115,535          0      25,790
  3124    BARRINGTON DEKALB                113,248       152,597      95,181          0      32,040
  3125    STRATFORD LANE COLUMBUS          125,757       202,503      88,666          0      51,270
  3127    WOODCLIFF LILBURN                146,706       265,400     116,606          0      42,642
  3128    WOODCREST                        144,241       183,761      88,763          0      43,961
  3130    RAMBLEWOOD RICHMOND              168,787       208,088     138,501          0     108,222
  3131    COUNTRYSIDE MANOR                179,144       286,301     115,902          0      44,508
  3132    WINDSOR VIL                      131,516       124,318     111,864          0      39,239
  3135    WATERBURY CLARKE                 111,028       163,405      61,732          0      27,839
  3136    BURNSBROOKE ATHENS               126,264       121,071      66,703          0      54,221
  3137    GENTIAN OAKS COLUMBUS            126,441       168,948      98,924          0      36,600
  3138    WILLOW CREEK GRIFFIN             135,520       143,575      77,140          0      26,824
  3139    TIMBERWOODS PERRY                137,676       130,901      52,140          0      32,877
  3140    CARRIAGE HILLS DUBLIN            135,199       131,214      68,208          0      66,454
  3141    HILLANDALE MANOR DEKALB          112,611       180,325      70,787          0      28,215
  3142    WHISPERWOOD CORDELE              114,967       107,825      56,590          0      33,293
  3143    OAKWOOD VIL RICHMOND             151,028       186,782     102,602          0      36,659
  3145    PINE KNOLL CLAYTON               109,344       143,128      66,080          0      25,287
  3149    HARBINWOOD GWINNETT              181,072       282,486     150,733          0      50,009
  3150    PARKWOOD VIL                     140,886       236,341     116,707          0      34,542
  3151    AMBERWOOD BARTOW                  93,706       199,394      85,640          0      34,131
  3152    WOOD VALLEY CALHOUN              109,626       201,444     107,077     16,304      34,715
  3153    NORTHRIDGE CARROLLTON            154,306       226,243      95,707          0      46,921
  3154    HILLSIDE MANOR AMERICUS          126,677       118,772      60,995          0      37,329
  3156    VALLEYFIELD DEKALB II            136,251       248,385      96,354          0      21,559
  3158    WOODCLIFF LILBURN II             141,058       247,263     125,318     22,072      46,390
  3159    FOREST RIDGE RICHMOND            166,445       126,935     110,693          0      35,338
  3160    SHANNON WOODS UNION CITY II      170,735       189,633      61,355          0      31,187
  3161    HOLLY PARK COLUMBUS              135,963       164,507      74,246          0      32,518
  3162    REDAN VIL DEKALB II              158,093       257,657     101,442          0      20,505
  3163    RIDGEWOOD DEKALB II              104,079       188,459     106,532          0      25,097
  3168    KNOX LANDING KNOXVILLE           181,760       208,369     143,762          0      38,680
  3176    MORGAN TRACE UNION CITY          166,939       237,089     132,401          0      68,275
  3184    AMBERWOOD II                      92,764       216,993      92,553      3,063      22,113
  3197    PARKWOOD VIL II                  130,490       214,435     112,303          0         173
  3200    SKYRIDGE                         258,563       422,580     176,693          0      14,082
  3266    MARSH LANDING                    122,787       149,294      80,098          0      36,312
</TABLE>
<PAGE>
                                      154
<TABLE>
CARDINAL REALTY SERVICES, INC.
INDIVIDUAL PROPERTY FINANCIAL INFORMATION SUMMARY (UNAUDITED)
BASED ON PROPERTIES OWNED AS OF DECEMBER 31, 1996
<CAPTION>
                                        SELECTED FINANCIAL INFORMATION (ACCRUAL BASIS) (cont'd)
                                        -------------------------------------------------------------
                                                                 Contractual
                                                                    First     Subordinate  Interest
                                        Operating  Net Operating   Mortgage     Debt        Payable
 Prop #               Name               Expenses     Income       Interest    Interest   to Cardinal
=====================================================================================================

                   SYNDICATED
          ==============================

  <S>     <C>                          <C>           <C>         <C>         <C>        <C>
  3269    WOODSIDE                          85,888       152,028      90,399          0      39,981
  3270    GREENTREE                         72,105       112,677      69,153          0       5,342
  3271    STILLWATER                       133,477       138,394      97,680          0      26,864
  3353    RAMBLEWOOD II                     47,738        81,909      44,757          0      20,125
  3358    LINK TERRACE                     144,675       130,280      83,276          0      14,540
  3366    GREENTREE II                      55,986        78,921      48,398          0      10,086
  3378    SUNNYSIDE                        132,074       196,870     103,899          0      34,500
  3409    QUAIL CALL                       110,391       136,759      79,585      2,943      40,163
  3428    WESTWAY                          159,013       187,459      89,042          0      40,282
  3430    CAMDEN WAY                       116,864        79,546      85,227      2,760      54,782
  3450    CAMDEN WAY II                    109,771        94,579      74,295          0      32,595
  4101    FORSYTHIA CT HARFORD             171,719       253,485     196,968          0      25,506
  4149    GLEN HOLLOW GLEN BURNIE          127,924       169,116     156,776          0       1,058
  4708    ANNHURST HARFORD                 165,525       238,603     121,051          0      29,968

                                       -------------------------------------------------------------
  409                                  $56,038,864   $67,696,130 $38,138,223 $1,146,852 $12,397,718
                                       -------------------------------------------------------------
</TABLE>
<PAGE>
                                      155
<TABLE>
CARDINAL REALTY SERVICES, INC.
INDIVIDUAL PROPERTY FINANCIAL INFORMATION SUMMARY (UNAUDITED)
BASED ON PROPERTIES OWNED AS OF DECEMBER 31, 1996
<CAPTION>
                                                 SELECTED FINANCIAL INFORMATION (ACCRUAL BASIS) (cont'd)
                                                 ----------------------------------------------------------------------------

                                                    Deprec                         Major        Non Operating
  Prop #                  Name                     & Amort       Replacement     Maintenance       Expenses        Net Income
=============================================================================================================================

           WHOLLY OWNED PROPERTIES
           ===================================

   <S>     <C>                                       <C>            <C>           <C>               <C>           <C>
   1375    RIVERVIEW ESTATES                         70,845          19,058          9,764              (791)       (16,159)
   1377    APPLE RIDGE I                             33,394          14,940          4,165             3,386        (31,623)
   1389    THE WILLOWS I                             34,975          23,726          1,124             4,299         (4,791)
   1439    MONTROSE SQUARE                           72,000          30,251          1,021             1,048        (23,650)
   1542    SPRINGWOOD                                34,417          17,888          2,450              (664)         2,067
   1620    MEADOWOOD                                 19,100          14,663         12,401              (745)       (30,866)
   1672 *  RIDGEWOOD ELHART                          18,335           6,228          2,364             1,392          1,272
   1690    HEATHMOORE I                              39,999          18,194         15,263             9,151         30,791
   1750    CEDARWOOD II                              30,260          14,205         25,345             2,437        (41,543)
   1780    BRUNSWICK                                 53,200          25,783          7,560           (17,838)         3,636
   1786    SPICEWOOD                                 33,374           6,368              0            (4,456)         5,247
   1806    WINTHROP CT II                            27,675           7,874          1,108             4,758        (20,771)
   1809    MEADOWOOD II                              34,200          21,432          6,243            15,871        (31,014)
   1810    ACADIA CT II                              58,294          25,723         19,493            21,161          1,626
   1814    ASHFORD HILL                              37,300          34,117          2,014             3,485        (13,299)
   1816    CEDARWOOD III                             38,752          11,133          6,335            (3,831)         3,518
   1822    MARABOU MILLS I                           62,496          10,429          6,782            41,460        (30,408)
   1823    ELMTREE PARK I                            38,500          11,237              0            (8,851)        21,129
   1824    AMESBURY I                                34,381          11,973              0             5,023         12,662
   1825    BRADFORD PL                               23,500          10,319          9,221              (912)         5,176
   1830    SHERBROOK                                 39,400          32,953            876            (6,620)         6,055
   1833    HAYFIELD PARK                             51,012          21,986          1,661            (7,798)        59,556
   1838    CEDARGATE II                              28,500           3,452            968             2,471         48,876
   1839    DARTMOUTH PL II                           35,700          10,665          4,989             1,908         32,197
   1841    WILLOWOOD II                              23,570          18,140          2,642           (10,403)        12,430
   1843    DOGWOOD GLEN I                            44,930          19,002          4,863             5,492         44,273
   1846    CHERRY GLEN I                             47,500          12,733             21           (15,733)         9,364
   1853    FOXHAVEN                                  57,293          14,660          9,478            13,350          3,298
   1859    ANNHURST II                               32,100           3,807            (48)          (24,229)        29,581
   1863    HUNTER GLEN                               42,100           6,301          6,796            (4,553)        15,724
   1869    HARVEST GROVE I                           37,700           4,021          4,604            12,439         29,028
   1871    CLEARWATER                                32,587           9,324          2,277             5,164         10,396
   1877    SHERBROOK                                 46,700          25,309         10,159               983         60,152
   1880    ARAGON WOODS                              40,153           5,469          7,117            18,158            621
   1885    NEWBERRY II                               21,100           9,169          7,473               517         26,701
   1887    RIVER GLEN I                              39,900          11,456              0            15,102          5,381
   1889    APPLEGATE II                              58,876           8,853             19            38,728            170
   1895    ROSEWOOD COMMONS II                       37,300          25,654          1,308           (11,208)        20,762
   1898    RIDGEWOOD II                              46,900          19,033          3,061            24,818         26,888
   1908    CHERRY GLENN II                           54,000          15,345             21           (32,853)        47,839
   1909    LINDENDALE                                53,488          12,567          1,578           (20,215)        33,835
   1911    ELMTREE PARK II                           35,300           8,492            590            (8,321)       (18,093)
   1914    WOODLANDS II                              41,100          18,579          4,004             4,450         18,668
   1917    WILLOWOOD II                              39,700          11,842              0            (6,184)        52,332
   1935    RED DEER II                               52,770          17,398          2,527           (11,513)        46,885
   1936    SUFFOLK GROVE II                          42,212           8,862          2,034            27,877         (7,301)
   1937    THE WILLOWS III                           27,598          10,201            154            25,651        (21,784)
   1946    AMBERWOOD                                 32,401          15,951          6,482            (9,792)       (30,181)
   1966    RIVER GLEN II                             42,140           4,709            370            88,073       (102,837)
   1982    MARABOU MILLS III                         35,117           6,618          1,767            (1,398)        (8,330)
   1983    CAMBRIDGE COMMONS III                     40,600           5,431            936            19,840        (77,162)
   1986    GARDEN CT                                 70,402          18,138          2,810             5,682         81,192
   1005    ANNHURST III                              36,477          12,738             48            10,859        (20,959)
   1039    LAUREL BAY                                40,248          15,125         10,724            21,372          2,840
   2137    WINDWOOD I                                16,100          28,460         18,722            32,277        (62,597)
   2208    GARDEN TERRACE I                          33,900          16,934         13,895            15,018        (37,138)
   2385    CANTERBURY CROSSINGS                      12,200          19,883         21,371           (46,408)       104,535
   2455    THYMEWOOD II                              23,500          17,146          2,207             9,882         27,842
   2462    FOREST GLEN                               31,000          17,985          4,322             5,386         40,137
   2469    BEL AIRE II                                8,700           5,526          1,393             2,651          3,649
   2479    HERON POINTE                              48,631          24,875         33,665             6,622         62,823
   2482    OAKWOOD VILLAGE                           17,000          19,817         10,760             3,337         10,719
   2487    RIVERS END II                             36,283          22,011         11,924             6,441         26,521
   2501    WHISPERING PINES II                       16,700          19,452          3,092             6,015        (15,316)
   2512    SKY PINES II                              25,800          17,072          7,916           151,266       (197,044)
   2513    CRYSTAL CT II                             40,000          14,774          7,733            (1,630)       (27,952)
   2515    HIDDEN ACRES                              34,269          22,458          8,014            19,697         (3,417)
</TABLE>
<PAGE>
                                      156
<TABLE>
CARDINAL REALTY SERVICES, INC.
INDIVIDUAL PROPERTY FINANCIAL INFORMATION SUMMARY (UNAUDITED)
BASED ON PROPERTIES OWNED AS OF DECEMBER 31, 1996
<CAPTION>
                                                 SELECTED FINANCIAL INFORMATION (ACCRUAL BASIS) (cont'd)
                                                 ----------------------------------------------------------------------------

                                                    Deprec                         Major        Non Operating
  Prop #                  Name                     & Amort       Replacement     Maintenance       Expenses        Net Income
=============================================================================================================================

           WHOLLY OWNED PROPERTIES
           ===================================

   <S>     <C>                                   <C>            <C>             <C>               <C>             <C>
   2519    CENTRE LAKE III                          121,374         120,911         16,616            24,961        (93,453)
   2520    PINE VIEW                                 28,900          36,727          8,154             1,454        (30,066)
   2521    BLUEBERRY HILL I                          11,700          21,905          3,259             4,060         21,086
   2526    HOLLY SANDS II                            33,629           9,289          4,573            19,666         (1,734)
   2527    SUNSET WAY I                              47,690          24,908         16,968            35,234        (62,780)
   2530    PINE BARRENS                              56,424          31,159         14,424             4,741         20,980
   2535    PELICAN POINTE I                          44,759          25,453          8,424               266         31,445
   2537    CALIFORNIA GARDENS                        16,500           7,061            723            12,598          9,878
   2543    MIGUEL PL                                 34,729          30,967         11,602             2,976         (6,742)
   2545    JUPITER COVE I                            24,300          14,340          2,822             4,534         38,710
   2546    PELICAN POINTE II                         35,700          23,618          2,956           109,892        (61,285)
   2547    MARK LANDING I                            49,949          16,571          7,635             1,072         20,133
   2549    JUPITER COVE III                          36,016          19,320          4,333            22,765         (9,351)
   2556    HILLSIDE TRACE                            26,200          14,956          5,020             1,138          6,521
   2559    JEFFERSON WAY I                           34,527          22,398          2,276             2,989         (4,274)
   2580    SUNSET WAY II                             51,900          19,566          1,162            (3,008)       (12,533)
   2587    OAK GARDENS                               54,900          19,092            179           (14,297)        28,007
   3166    CEDAR HILL                                40,741          16,812         12,044            (1,199)        50,171
   3171    LAUREL GLEN                               54,080          17,206         13,268            20,136        (14,640)
   3173    SPRINGBROOK                               59,208          25,239          1,909            15,117        (35,956)
   3174    LAKESHORE I                               29,890          18,451         16,286            (5,764)        33,581
   3175    GLENVIEW                                  52,200           9,263         12,399            11,179        (19,492)
   3186    RAMBLEWOOD II                             57,400          20,846          8,754            10,172        (19,529)
   3188    VALLEYBROOK                               44,280          12,551          8,753           165,117       (114,317)
   3189    WILLOW LAKES                              51,688          19,214           (144)           (4,240)        41,867
   3190    GLENWOOD VILLAGE                          31,700          18,727         14,793             7,722         24,489
   3208    RAVENWOOD                                 48,100           7,927            508             3,099         39,453
   3209    INDIAN LAKE I                            156,483          61,268         31,435            22,443        200,547
   3231    WALKER PL                                 37,200          18,243              0             1,593         (1,212)
   3233    GREENBRIAR GLEN                           49,245          17,474         15,528            60,795        (67,649)
   3400    HATCHERWAY                                37,000           6,363          6,187             6,454        (12,326)
   3417    GLEN ARM MANOR                            41,000          17,401         16,343            36,577        (53,300)
   3480    MILL RUN                                  41,500          34,458         13,070            20,207        (20,822)
   3486    STEWART WAY I                             54,600          14,749          7,043           (26,946)        (6,987)
   3494    WILCREST WOODS                            38,500          23,441         13,725            20,898        (28,767)
   3496    MARSHLANDING II                           29,800          11,325          7,706             2,990        (12,559)
   3522    STEWART WAY II                            47,400          16,171          8,443            15,507        (34,988)
   3532    KINGS COLONY                              52,000          11,009          2,852            16,192         16,332
   4109    CHERRY TREE                               79,300          25,293         10,126            16,394         27,782
   4111    FORSYTHIA CT II                           49,300           7,235            733           (16,479)       (13,310)
   4133    MERRIFIELD                                73,377          17,164         13,236            20,629        (23,278)
   5910    MARABOU MILLS II                          46,966           5,446          3,190            (6,726)        31,324
   5886    PICKERINGTON MEADOWS                      42,478          17,523          1,200            35,945        (53,757)
   5903    BRUNSWICK II                              63,918          17,348          4,753             1,378        (94,871)
   5906    AMESBURY II                               63,190          20,751            340             9,510        (91,059)
   5951    HARVEST GROVE II                          48,498          11,661          2,910            19,433        (73,903)
                                                 ---------------------------------------------------------------------------
       113                                       $4,776,193      $2,004,724       $738,491        $1,167,226      $(218,474)
                                                 ---------------------------------------------------------------------------
         * Partial year
</TABLE>
<PAGE>
                                      157
<TABLE>
CARDINAL REALTY SERVICES, INC.
INDIVIDUAL PROPERTY FINANCIAL INFORMATION SUMMARY (UNAUDITED)
BASED ON PROPERTIES OWNED AS OF DECEMBER 31, 1996
<CAPTION>
                                                 SELECTED FINANCIAL INFORMATION (ACCRUAL BASIS) (cont'd)
                                                 ----------------------------------------------------------------------------

                                                    Deprec                         Major        Non Operating
  Prop #                  Name                     & Amort       Replacement     Maintenance       Expenses        Net Income
=============================================================================================================================

                       SYNDICATED
           ===================================

   <S>     <C>                                      <C>            <C>             <C>             <C>             <C>
   1109    DOGWOOD TERRACE                          $93,237         $77,831        $43,697         $(313,512)       $22,986
   1112    LONDON LAMPLIGHT                          18,231          22,761          3,929           (40,978)        89,148
   1123    SPRINGFIELD WOODGATE                      16,703          10,111            400            (5,553)         6,872
   1262    THE BIRCHES LIMA                          17,559          14,410          4,588             8,420        (13,726)
   1297    PLUMWOOD APTS                             26,147          40,642         11,101            49,728          7,634
   1310    MELDON PL                                 67,357          47,767         14,949              (123)       (40,357)
   1320    WEST OF EASTLAND                          86,681          23,507          1,177             8,887       (100,963)
   1322    PARKVILLE                                 32,736          23,899          6,838            21,651          1,077
   1327    CHARING CROSS APTS                        34,217          17,756          5,349            (5,384)         1,251
   1329    INDEPENDENCE VIL                          58,696          18,327          3,624           (46,092)        56,413
   1330    POPLAR CT                                 32,768          30,723         11,883            23,948        (32,360)
   1341    GREENLEAF APTS                            22,854           9,208              0            23,066        (57,595)
   1344    LAUREL CT APTS                            32,871          11,428          6,671             3,085        (40,066)
   1379    AMHURST APTS                              33,421          28,959          6,865               340          4,193
   1404    KETWOOD APTS                              56,306          37,255          1,818             8,111        (14,034)
   1436    SANDALWOOD APTS                           22,601           4,838             32             3,306         11,999
   1437    HICKORY MILL                              38,814          23,271          1,828            34,146         (8,932)
   1455    MONTROSE SQ                               40,687          17,903          2,013             1,844        (64,086)
   1456    APPLE RIDGE                               46,690          10,791          1,134             2,945        (43,559)
   1460    WESTWOOD                                   7,160           3,709        (10,387)           (6,924)         5,145
   1461    APPLE RUN II                              32,977          19,192          2,523           (10,516)       (18,809)
   1462    PLUMWOOD                                  23,567           8,507          3,426            13,793          3,563
   1464    GREENGLEN                                 42,158          15,497          8,849              (929)       (67,734)
   1465    CEDARWOOD BELPRE                          30,739           8,670           (263)           (2,474)         7,653
   1466    AMHURST II                                37,882          40,617          8,097             1,399         (8,377)
   1469    CHELSEA CT                                37,883          19,753            451             3,962          4,697
   1470    MILLSTON APTS                             38,391          13,481          1,896            (4,743)       (49,856)
   1473    MILLBURN II                               30,337          30,573          6,567            13,473        (87,242)
   1483    WOODBINE                                  28,767           9,532          1,351            (2,120)       (14,635)
   1485    HAMPSHIRE II                              29,265          21,239          6,478            (8,013)       (26,265)
   1489    PLUMWOOD                                  33,104           8,401          3,205             4,089          4,498
   1491    CAMELLIA CT WASHINGTON CH                 25,810           8,453          5,644          (116,299)        83,578
   1499    CONCORD SQ ONTARIO                        26,384           8,526          5,300               309        (11,358)
   1505    CAMELLIA CT DAYTON                        40,224          21,340          2,376             7,426        (11,576)
   1510    BECKFORD PL WAPAKONETA                    24,832          22,915          3,212             6,089        (50,400)
   1511    APPLEGATE CHILLICOTHE II                  25,349          19,902          6,039             1,695        (59,378)
   1512    SPRINGWOOD NEW HAVEN                      31,996          17,647         13,847            (3,713)       (55,159)
   1516    THE WILLOWS DELAWARE II                   25,223           9,585            150             5,035        (31,951)
   1519    GREENGLEN ALLEN II                        38,782           8,619          2,314             1,505         (5,958)
   1523    LARKSPUR MORAINE                          22,277          22,088            771            (3,720)       (31,567)
   1524    MILLSTON ABERDEEN II                      30,790          12,235         10,307           (10,438)       (44,528)
   1526    CAMELLIA CT COLUMBUS                      39,808          19,129          4,990             7,103         20,149
   1527    WOODBINE CUYAHOGA FALLS                   43,328          12,906          8,266           (20,669)        45,843
   1528    APPLEGATE LORDSTOWN                       20,056          14,121          6,732             2,081        (29,850)
   1529    PARKVILLE ENGLEWOOD                       24,524          15,633          1,863            18,724         (6,513)
   1530    CEDARWOOD SABINA                          19,815          13,141          5,140            11,419        (37,641)
   1531    ANDOVER CT                                37,038           6,962            908             4,483        (15,269)
   1533    HAMPSHIRE BLUFFTON                        29,956          22,623          1,203             3,616        (39,838)
   1534    CONCORD SQ LAWRENCEBURG                   29,800           9,032              0             7,567        (16,530)
   1535    GREENGLEN TOLEDO II                       42,061          13,297          2,911            (6,252)       (14,760)
   1539    FOXTON SEYMOUR                            23,643          12,492          4,242             6,831        (56,737)
   1540    DARTMOUTH PL KENT                         35,815          15,306         11,326             2,363         18,661
   1549    CAMELLIA CT DAYTON II                     31,009          26,444            810             6,100        (11,719)
   1550    APPLEGATE COLUMBUS                        45,655          10,274              0            48,243        (22,094)
   1553    APPLE RIDGE III                           19,035           4,921            862            (7,057)         8,702
   1554    SPRINGWOOD AUSTINTOWN II                  26,790          13,184          6,998             7,535        (36,340)
   1555    DOVER PL EASTLAKE                         51,908          23,417          8,972            (2,784)        37,241
   1556    PARKVILLE PARKERSBURG                     30,676          11,888             95             2,319        (19,258)
   1557    HARTWICK TIPTON                           34,010          25,332          1,228               802        (25,241)
   1558    BECKFORD PL THE PLAINS                    50,860          12,193            707             6,668         (1,765)
   1559    LARKSPUR COLUMBUS                         47,189          28,240          6,067             5,430        (13,631)
   1560    SPRINGWOOD COLUMBUS                       39,387           7,936          1,129            10,090        (36,467)
   1561    PARKVILLE GAS CITY                        30,685          15,194            180            18,669        (56,567)
   1562    CAMELLIA CT CARROLLTON                    31,468          20,440          2,164             7,104        (44,741)
   1563    FOXTON DAYTON II                          55,841          21,937         11,241            (8,526)       (64,301)
   1566    APPLE RUN HILLSDALE                       23,508          11,652          4,718             6,530        (20,082)
   1567    PINE GROVE ROSEVILLE                      30,024          15,098         13,815            28,836        (35,195)
</TABLE>
<PAGE>
                                      158
<TABLE>
CARDINAL REALTY SERVICES, INC.
INDIVIDUAL PROPERTY FINANCIAL INFORMATION SUMMARY (UNAUDITED)
BASED ON PROPERTIES OWNED AS OF DECEMBER 31, 1996
<CAPTION>
                                                 SELECTED FINANCIAL INFORMATION (ACCRUAL BASIS) (cont'd)
                                                 ----------------------------------------------------------------------------

                                                    Deprec                         Major        Non Operating
  Prop #                  Name                     & Amort       Replacement     Maintenance       Expenses        Net Income
=============================================================================================================================

                       SYNDICATED
           ===================================

   <S>     <C>                                       <C>             <C>            <C>             <C>           <C>
   1568    ASHGROVE FRANKLIN                         36,405          19,750          7,318             1,195        (19,732)
   1569    MEADOWOOD JACKSON                         28,684           5,146            (11)           17,413         (6,723)
   1571    GEORGETOWN S TUSCARAWAS II                24,222           8,665          1,025            34,894       (109,562)
   1572    CONCORD SQ KOKOMO                         36,441          19,379          2,000             7,616         15,106
   1573    SANDALWOOD ALEXANDRIA                     35,216          13,435            156            31,559        (66,089)
   1574    AMHURST TOLEDO                            34,262          18,324          6,487             9,679         (8,051)
   1575    HAMPSHIRE WILLIAMSTOWN                    16,866           8,162          1,560            (2,780)       (30,912)
   1576    MEADOWOOD MANSFIELD                       31,547           7,565          2,025            32,619        (58,829)
   1577    HICKORY MILL HURRICANE                    47,662          11,792          4,542             3,586        (36,651)
   1578    ASHGROVE FLORENCE                         31,213          12,165          2,007             5,098        (42,867)
   1579    MEADOWOOD FRANKLIN                        43,022          11,333          7,715             9,409         17,034
   1581    CEDARWOOD GOSHEN                          27,496          12,214          6,257             4,938         13,338
   1582    CONCORD SQ ONTARIO II                     18,192           2,145          1,437               998        (18,057)
   1583    MEADOWOOD CRAWFORDSVILLE                  44,717          14,688         21,210             5,367        (48,445)
   1585    BECKFORD PL N CANTON                      38,359          12,912          1,746             1,063         14,931
   1587    PINE GROVE COLUMBUS II                     8,140           9,804              0              (683)       (23,912)
   1588    PLUMWOOD COLUMBUS III                     24,858          16,953          3,263             6,199        (12,285)
   1589    WOODLANDS COLUMBUS                        55,614          31,311              0           115,149       (124,442)
   1590    WOODLANDS FRANKLIN                        32,513          17,198          7,932             3,665        (69,925)
   1591    MEADOWOOD FLATWOODS                       36,343          17,152          1,289             1,496        (32,725)
   1592    GREENGLEN DAYTON                          47,494          23,119         19,159            13,523        (36,788)
   1593    ASHGROVE INDIANAPOLIS                     45,901          15,782         10,637             4,699        (30,027)
   1595    MEADOWOOD NICHOLASVILLE                   58,986          18,497          3,151             8,063         (4,645)
   1596    STONEHENGE RICHMOND                       41,881          18,058          2,930             6,584        (17,133)
   1597    WILLOWOOD COLUMBUS                        31,215          12,293            755            12,361         23,784
   1598    CEDARGATE BOWLING GREEN                   45,887           6,967            972             4,966         21,751
   1599    WILLOW RUN WILLARD                        44,271          19,832          4,767             8,543        (96,914)
   1600    HEATHMOORE JEFFERSON                      44,731          24,051          3,021            29,505        (92,018)
   1601    STONEHENGE GLASGOW                        35,472           8,455          7,411             6,243        (55,758)
   1602    HEATHMOORE INDIANAPOLIS                   36,238           9,706          2,869            40,042        (29,779)
   1603    APPLE RUN TRUMBULL                        37,638          17,104          7,633               279        (54,069)
   1604    FOXTON MONROE                             30,693          21,206          4,908            32,146        (27,363)
   1605    ASHGROVE CALHOUN                          31,094          13,323          2,293          (176,331)       140,005
   1606    STONEHENGE OTTAWA                         27,957           9,342          2,690             2,811        (12,964)
   1613    WOODLANDS ZELIENOPLE                      46,635          23,772          6,502             8,644        (30,493)
   1615    RIDGEWOOD WESTLAND                        34,955           9,275         31,522             4,456        (45,059)
   1616    HEATHMOORE MACOMB                         39,193           8,866              0           (81,617)       104,233
   1617    DOVER PL EASTLAKE II                      60,610          15,354          8,430             1,146        (23,725)
   1618    DOVER PL EASTLAKE III                     25,995          10,729          4,304            45,204        (57,333)
   1619    CEDARGATE MICHIGAN CITY                   33,920          13,948          7,198            38,847        (81,982)
   1622    CEDARGATE BLOOMINGTON                     56,795          11,990          2,235            15,167         27,189
   1623    CEDARGATE LANCASTER                       23,911          14,398          8,527           (14,641)       (21,561)
   1624    STONEHENGE JEFFERSON                      40,773          15,381          1,514            13,358        (48,627)
   1626    SLATE RUN INDIANAPOLIS                    74,865          18,263          3,614             6,123         (3,925)
   1630    SANDALWOOD TOLEDO                         26,474          14,013         10,885            22,085        (32,296)
   1635    RIDGEWOOD COLUMBUS                        38,718          17,273          7,310            13,470         (5,913)
   1637    APPLEGATE DELAWARE                        39,540          11,718             13             1,819          1,453
   1638    MEADOWOOD LOGANSPORT                      25,644          11,453         10,135             7,239        (30,774)
   1639    SLATE RUN LEBANON                         41,877          14,020          2,000            14,970         (8,865)
   1640    WESTWOOD ROCHESTER                        28,529           8,995              0              (924)       (55,559)
   1641    WILLOWOOD WOOSTER                         30,356          13,821          5,383             4,642         (2,709)
   1642    STONEHENGE STARK                          42,686          12,381          1,072               624        (14,140)
   1644    RIDGEWOOD LEXINGTON                       49,785          17,956          3,964             5,722        (26,501)
   1645    RIDGEWOOD BEDFORD                         32,841           9,885            745            13,906        (17,741)
   1646    CAMELLIA CT COLUMBUS II                   30,636           9,278          2,132             1,780          2,906
   1647    CEDARGATE ENGLEWOOD                       39,040          20,335          1,659             2,458        (43,911)
   1648    SLATE RUN HOPKINSVILLE                    42,657          16,401         23,065             3,701       (112,794)
   1649    WILLOWOOD GROVE CITY                      33,385          19,467          1,632             1,753        (22,389)
   1650    MEADOWOOD COLUMBUS                        46,205          23,766          1,216            10,638        (26,252)
   1651    STONEHENGE INDIANAPOLIS                   43,566          17,581            366            27,623        (37,843)
   1652    MEADOWOOD WARRICK                         43,203          14,131         14,195             3,227        (94,472)
   1653    WILLOWOOD E INDIANAPOLIS                  47,893           9,743          2,645             5,786        (36,368)
   1655    CEDARGATE SHELBY                          39,443          12,764          2,245            (1,059)       (16,289)
   1656    RIDGEWOOD RUSSELVILLE                     34,540           5,099          1,915             3,811        (42,960)
   1657    WILLOW RUN NEW ALBANY                     38,510          15,886          6,076             6,547         (1,735)
</TABLE>
<PAGE>
                                      159
<TABLE>
CARDINAL REALTY SERVICES, INC.
INDIVIDUAL PROPERTY FINANCIAL INFORMATION SUMMARY (UNAUDITED)
BASED ON PROPERTIES OWNED AS OF DECEMBER 31, 1996
<CAPTION>
                                                 SELECTED FINANCIAL INFORMATION (ACCRUAL BASIS) (cont'd)
                                                 ----------------------------------------------------------------------------

                                                    Deprec                         Major        Non Operating
  Prop #                  Name                     & Amort       Replacement     Maintenance       Expenses        Net Income
=============================================================================================================================

                      SYNDICATED
           ===================================

   <S>     <C>                                      <C>            <C>             <C>              <C>            <C>
   1658    ASHGROVE JEFFERSON                        45,327          13,106          4,558           (15,520)         9,501
   1659    SLATE RUN JEFFERSON                       44,785          26,212          7,479             8,472        (56,739)
   1660    MEADOWOOD LEXINGTON                       32,739          14,684         20,626            (2,384)       (17,559)
   1661    FORSYTHIA CT COLUMBUS                     36,248          11,441          1,901             4,855         (8,418)
   1663    WATERBURY GREENWOOD                       39,250          12,721             86            20,362        (69,727)
   1664    SLATE RUN BARDSTOWN                       41,556          12,609         11,733           (15,348)       (75,464)
   1666    WILLOWOOD FRANKFORT                       58,985           7,335          6,765            22,541        (94,500)
   1667    BECKFORD PL NEW CASTLE                    27,381          14,201          6,906             2,599        (19,024)
   1669    WILLOWOOD OWENSBORO                       38,390          12,385          1,422             5,949        (78,536)
   1670    STONEHENGE MONTGOMERY                     48,633          37,909          3,171            19,237        (57,965)
   1671    LARKSPUR MORAINE II                        7,680           4,311            119             2,029        (13,222)
   1673    SLATE RUN BEDFORD                         46,425          20,093          4,841            17,579        (45,212)
   1674    ROSEWOOD JEFFERSON                        60,561          15,578          7,726           (24,763)         6,831
   1676    MILLBURN STOW                             54,214          10,539          8,714            29,733        (37,980)
   1677    WILLOW RUN MADISONVILLE                   45,775          20,561             38           (52,645)       (17,804)
   1678    CEDARWOOD GOSHEN II                       32,943          12,964         14,847             2,680        (29,819)
   1679    HEATHMOORE EVANSVILLE                     51,649          19,626         12,667          (362,829)       296,831
   1681    FOREST PARK MEADOWOOD                     83,092          31,915          2,204            (1,278)        72,170
   1682    STONEHENGE TECUMSEH                       33,486          14,139          2,509            (5,311)         3,304
   1683    BRANDON CT BLOOMINGTON                    59,639          18,076          7,090           (15,867)        (6,212)
   1686    ASHGROVE STERLING                         97,377          34,342            474               340        (54,528)
   1687    MONTGOMERY CT INGHAM                      39,629          20,053          3,111            (1,253)       (18,161)
   1691    PINE GROVE ROSEVILLE II                   27,544           8,339         26,989             4,250        (29,680)
   1692    MEADOWOOD MONROE                          42,101          12,409          7,772             5,059        (33,783)
   1695    ANNHURST INDIANAPOLIS                     62,343          28,725         36,995           (12,340)       (39,232)
   1696    ANNHURST ALLEGHENY                        97,222          33,268         11,723           (35,180)       (27,474)
   1698    WOODLANDS STREETSBORO                     57,960          15,583          6,681             5,127          7,193
   1699    ROANOKE OAKLAND                           78,623          18,953          7,503           (34,128)        93,616
   1700    DANIEL CT CLERMONT                        78,498          25,864          1,996            (7,240)      (106,155)
   1702    STRATFORD SOUTH CHARLESTON                60,292          13,272          6,333             8,942        (58,829)
   1703    BARRINGTON BEDFORD                        75,554          16,825          9,493           (25,675)         6,404
   1704    MULBERRY HILLIARD                         42,944          27,321            677             6,145        (23,347)
   1705    WOODLANDS COLUMBUS II                     56,381          29,001              0            (1,390)       (48,245)
   1707    LARKSPUR COLUMBUS II                      46,532          27,697          3,382            10,862       (101,318)
   1714    NEWBERRY EATON                            49,139           9,207          3,195             5,113         22,743
   1717    HICKORY MILL HURRICANE II                 29,185           9,563          5,359           (33,142)         8,310
   1718    MEADOWOOD COLUMBUS II                     23,224           6,218            868            23,456        (40,192)
   1719    VALLEYFIELD LEXINGTON                     82,345          24,307          3,174            (2,709)       (49,708)
   1720    RIDGEWOOD COLUMBUS II                     40,225          16,566          7,770            12,688         (8,367)
   1721    OLIVEWOOD INDIANAPOLIS                    47,520          20,108          2,600             7,563        (17,998)
   1723    ROANOKE JEFFERSON                         39,671          13,661          4,412             3,270          8,990
   1724    MEADOWOOD CUYAHOGA FALLS                  51,724          11,892          3,607             8,214        (16,781)
   1725    RIDGEWOOD LEXINGTON II                    42,788          13,050          3,969           (20,610)          (283)
   1726    STONEHENGE JASPER                         19,811          17,557          2,137          (143,215)       112,184
   1727    CARLETON CT KANAWHA                       50,490          10,404         19,671            15,196        (48,318)
   1728    NEWBERRY GROVE CITY                       38,819          15,185          4,528           (16,399)       (32,220)
   1729    BECKFORD PL N CANTON II                   52,793           8,820          2,189            12,520        (36,852)
   1730    NORTHRUP CT ALLEGHENY                     50,664          15,630          8,769              (767)       (30,263)
   1731    FORSYTHIA CT JEFFERSON                    74,806          22,459          5,667           (32,124)       (15,813)
   1732    WINTHROP CT FRANKFURT                     47,131          16,643          9,548            14,734        (87,201)
   1733    PRINCETON CT EVANSVILLE                   42,854          13,383         14,046            11,858        (77,647)
   1735    ROSEWOOD COLUMBUS                         74,181          21,954          4,660             4,929        (54,605)
   1737    SLATE RUN JEFFERSON II                    39,143           9,535          4,426          (138,077)        83,494
   1741    WILLOWOOD TROTWOOD                        40,716          21,437          4,103             5,843        (67,839)
   1744    BRUNSWICK TRUMBULL                        39,272          24,678         14,865            50,069        (34,946)
   1745    WYCLIFFE CT                               44,171          10,489         30,201             5,173        (82,124)
   1747    SLATE RUN MIAMISBURG                      33,197          15,066          1,783            17,983        (42,297)
   1748    MONTGOMERY CT COLUMBUS                    71,679          10,304          2,031             5,705        (68,125)
   1749    WATERBURY CLARKSVILLE                     45,094          10,258         21,466             2,869        (35,344)
   1751    WINTHROP CT COLUMBUS                      52,445          14,433          3,711             6,806        (26,811)
   1752    PICKERINGTON MEADOWS                      40,562          11,014            361            17,244        (71,012)
   1756    WATERBURY CLERMONT                        57,047          32,433          8,199            13,959        (51,155)
   1757    WILLOWOOD GROVE CITY II                   17,905           6,354            140             2,943        (20,722)
   1758    CEDARGATE BLOOMINGTON II                  46,198           8,447          6,879            23,906        (17,868)
   1759    ACADIA CT                                 82,523          26,954          2,164            28,022        (89,215)
</TABLE>
<PAGE>
                                      160
<TABLE>
CARDINAL REALTY SERVICES, INC.
INDIVIDUAL PROPERTY FINANCIAL INFORMATION SUMMARY (UNAUDITED)
BASED ON PROPERTIES OWNED AS OF DECEMBER 31, 1996
<CAPTION>
                                                 SELECTED FINANCIAL INFORMATION (ACCRUAL BASIS) (cont'd)
                                                 ----------------------------------------------------------------------------

                                                    Deprec                         Major        Non Operating
  Prop #                  Name                     & Amort       Replacement     Maintenance       Expenses        Net Income
=============================================================================================================================

                      SYNDICATED
           ===================================

   <S>     <C>                                     <C>              <C>            <C>              <C>            <C>
   1760    WILLOWOOD E INDIANAPOLIS II               50,240           8,212          4,724          (159,196)       123,329
   1761    SHERBROOK COLUMBUS                        39,512           4,460           (190)           10,871        (21,178)
   1762    LONGWOOD LEXINGTON                        49,211          17,356            572             3,344        (59,157)
   1763    NORTHRUP CT ALLEGHENY II                  43,595          13,117         16,580           (62,384)        22,789
   1765    LAURELWOOD CT BEDFORD                     33,135           8,779             12            33,740        (53,105)
   1768    CARLETON CT ANN ARBOR                     90,937          16,880         13,510             9,261        (55,106)
   1770    VALLEYFIELD                               64,609          29,011         12,038               483        (51,473)
   1772    WENTWORTH ROSEVILLE                       64,110          15,822         19,378             9,591        (31,792)
   1773    WATERBURY WESTLAND                        80,774          29,519         20,386            12,787        (56,933)
   1777    HEATHMOORE INDIANAPOLIS II                58,296          10,653          1,759             8,454          7,256
   1779    AMBERIDGE                                 39,271          11,569         26,395             3,064        (55,529)
   1783    WOODLANDS STREETSBORO II                  65,964          16,639          6,243             5,546       (103,684)
   1785    CARLETON CT ERIE                          36,021          17,140          5,110           (14,264)       (28,940)
   1787    ROSEWOOD COMMONS                          64,131          24,296          1,761             4,494        (47,961)
   1790    WILLOWOOD FRANKFORT II                    40,353           2,623         17,259             4,229        (59,296)
   1794    ANNHURST COLUMBUS                         48,414           2,638              0            14,887        (90,567)
   1799    BEREA TABOR RIDGE                         81,600          27,272          1,512             4,701         (5,677)
   1801    WILLOWOOD WOOSTER II                      41,889          16,971          6,180            (7,890)       (16,699)
   1804    CAMBRIDGE COMMONS                         61,591          42,294         23,238          (187,514)       120,172
   1805    OLIVEWOOD INDIANAPOLIS II                 48,601          14,056          1,263             2,351         14,352
   1807    BRUNSWICK MONONGALIA                      83,955          21,193          9,817           (13,951)       (60,496)
   1812    HAMPTON WOODS COLUMBUS                    33,387           4,872            800             3,512        (40,728)
   1813    SUFFOLK GROVE GROVE CITY                  40,631          13,593             83             7,089          7,138
   1815    MONTGOMERY CT COLUMBUS II                 42,571          12,572            504             5,103         (1,862)
   1818    REDWOOD HOLLOW SMYRNA                     59,937          15,748         17,878          (250,965)       185,445
   1829    CLEARVIEW GREENWOOD                       48,278          19,992            873           (55,723)       104,116
   1832    ANSLEY OAKS                               53,346          15,292         10,876            (6,044)       (58,117)
   1844    STERLING HGTS OLIVEWOOD                  156,389          37,901          3,615            (5,485)       116,846
   1847    RED DEER FAIRBORN                         49,365          28,810          2,525             5,787         23,540
   1851    ASHGROVE STERLING II                      78,972          21,149         11,337             3,735        (26,451)
   1866    HEATHMOORE WAYNE II                       37,401          14,421         16,987             6,564         15,519
   1875    DOVER PL EASTLAKE IV                      49,112          24,829          9,507             3,066          4,708
   1905    CAMBRIDGE COMMONS II                      41,091          17,793            427            (4,910)       (28,657)
   1907    DOGWOOD GLEN MARION II                    46,169          19,567          2,131             7,916         15,959
   1916    CLEARVIEW GREENWOOD II                    68,436          22,508          1,700          (218,420)       250,083
   1928    WOODLANDS COLUMBUS III                    88,845          33,323          1,919           (49,343)         8,566
   1944    TIMBERCREEK TOLEDO                        66,564          12,476          2,833            (5,017)           222
   2100    SANFORD CT INVESTORS                      70,141          27,938          5,806               522        (60,609)
   2106    OLD ARCHER CT                             38,772          14,943         10,441           100,983        (63,742)
   2107    PALATKA OAKS                              11,005          14,537            777             5,217        (31,634)
   2108    AZALEA HILL                               19,772           1,923          1,351            23,429         25,734
   2112    TURKSCAP                                  18,563          12,081          7,192                94         (3,179)
   2114    CEDARWOOD                                 30,156          29,962          3,705             5,547        (27,593)
   2115    UNIVERSITY SQ                             39,686          21,341          6,435            (6,346)        11,568
   2129    NORTHWOOD                                 26,929          14,287          4,533            12,215        (69,169)
   2131    ROLLINGWOOD                               35,761          16,000         14,533           (37,607)       (43,258)
   2139    MEADOWOOD II                              39,522          13,486         13,404           (13,978)         3,749
   2143    CEDARWOOD II                              29,034          12,658          3,260            17,952        (71,046)
   2153    NOVAWOOD                                  35,779          14,446          7,215             4,999        (44,860)
   2154    KNOLLWOOD II                              35,988               0          2,570           (43,701)       (98,576)
   2164    PALATKA OAKS II                           13,714          13,568            671              (629)       (14,728)
   2165    NOVAWOOD II                               38,678          19,458          5,961           (23,257)       (32,487)
   2166    WINGWOOD                                  56,560          24,097         37,571            49,349        (69,309)
   2172    HEATHERWOOD II                            28,148          14,235         14,236          (341,342)       301,503
   2173    COUNTRYSIDE                               39,114          14,892          5,315               212        (36,743)
   2174    COUNTRYSIDE II                            69,413          43,723          1,509            (5,815)       (43,096)
   2189    HIDDEN PINES                              44,868          26,011          7,991             4,462        (46,438)
   2190    MOSSWOOD                                  44,084          14,148         10,665             6,295        (47,304)
   2191    MOSSWOOD II                               58,488          18,456          9,883            (5,573)        13,045
   2193    SUNRISE                                   36,794          13,059          6,355            89,738       (167,816)
   2194    SUNRISE II                                21,366           8,992          7,960             5,935        (67,084)
   2196    BRANCHWOOD                                72,199          24,978         14,538             7,905        (55,397)
   2199    CONCORD SQ II                             60,659          38,580         14,108            14,586       (152,570)
   2201    LONGWOOD                                  34,960          28,843          7,422             8,485        (79,965)
   2202    LONGWOOD II                               21,379          15,850          5,021             7,083        (55,798)
   2205    BRANDYWYNE E                              19,597           6,833          1,759             2,724        (40,478)
</TABLE>
<PAGE>
                                      161
<TABLE>
CARDINAL REALTY SERVICES, INC.
INDIVIDUAL PROPERTY FINANCIAL INFORMATION SUMMARY (UNAUDITED)
BASED ON PROPERTIES OWNED AS OF DECEMBER 31, 1996
<CAPTION>

                                                 SELECTED FINANCIAL INFORMATION (ACCRUAL BASIS) (cont'd)
                                                 ----------------------------------------------------------------------------

                                                    Deprec                         Major        Non Operating
  Prop #                  Name                     & Amort       Replacement     Maintenance       Expenses        Net Income
=============================================================================================================================

                      SYNDICATED
           ===================================

   <S>     <C>                                      <C>            <C>             <C>              <C>            <C>
   2212    AMBERWOOD                                 34,414          26,524          9,272             9,423        (79,001)
   2215    COUNTRYSIDE III                           22,774          11,572          3,016           (18,989)         3,034
   2218    INDIAN RIDGE                              43,265          21,033          4,062          (268,356)       261,096
   2222    SHADOWOOD                                 45,972          25,182          4,878             4,644         (8,341)
   2224    ROSEWOOD                                  46,319          11,407          9,404             3,880        (38,850)
   2226    SPRINGTREE                                50,916          20,711         20,684            93,397        (66,802)
   2230    RIVERWOOD                                 48,885          24,952              0             7,623        (58,183)
   2231    APPLEWOOD                                 42,677          18,556          1,683            18,276        (77,257)
   2234    WINDRUSH                                  50,991          28,754         21,399             4,891       (109,166)
   2235    HERONWOOD                                 44,173          27,133         14,003             2,563        (57,622)
   2237    SANDPIPER II                              49,526          13,939          5,888             2,680        (46,040)
   2240    BAYSIDE                                   32,785          13,866          4,839             2,714        (72,418)
   2242    DEERWOOD                                  31,651          16,867              0            12,686        (55,237)
   2244    CANDLELIGHT                               35,621          13,418          1,347            21,319        (77,185)
   2246    GARDEN TERRACE II                         52,144          25,317          8,546            27,501       (132,558)
   2247    INDIAN RIDGE II                           31,666          18,064          2,351           (23,666)        11,343
   2249    SHADOWOOD II                              47,628          18,561         15,084            11,906        (25,759)
   2251    STRAWBERRY PL                             50,183          13,368          2,678             7,469        (62,401)
   2253    CRYSTAL CT                                46,457          16,390          8,786             6,732        (82,193)
   2254    TURKSCAP III                              32,581          11,384          9,113            28,996        (50,382)
   2265    PINE LAKE                                 28,026           9,860          3,045           (39,062)       (20,555)
   2284    CAPITAL RIDGE                             54,369          21,857         13,418            22,717        (49,091)
   2285    WOODLAND                                  66,835          28,066          8,546            17,929        (64,506)
   2288    SHADOW RIDGE                              45,672          22,462            702            12,548        (64,028)
   2295    HICKORY PL                                68,557          19,784          1,540            87,070       (185,818)
   2300    PINE TERRACE                              49,285          13,042          9,344             8,048        (82,833)
   2301    PALM PL                                   54,350          31,917          4,561            23,545        (13,891)
   2309    THE LANDINGS                              47,509          14,088         10,468             4,499        (67,316)
   2311    ASTORWOOD                                 64,225          24,189          2,130             8,956        (24,576)
   2312    PINELLAS PINES                            49,579          20,576          1,909            13,866        (39,689)
   2313    SPRING GATE                               42,786           5,663          3,952             5,655        (28,906)
   2314    GARDEN TERRACE III                        65,497          43,543         19,149            (1,868)      (167,139)
   2340    SHADOW BAY                                39,607          12,488          3,821             6,222        (59,045)
   2341    TERRACE TRACE                             59,362          17,979         25,227            (3,978)       (57,679)
   2343    KINGS CROSSING                            54,187          18,969          8,056             2,234        (85,376)
   2344    ELMWOOD                                   37,681          16,769          1,512             9,929        (49,174)
   2355    NOVA GLEN                                 47,811          19,482          3,675               524       (120,633)
   2363    MORNINGSIDE II                           128,019          46,176         27,731            28,504       (370,938)
   2365    APPLEWOOD II                              73,313           4,996          6,151           (17,471)      (161,712)
   2376    MOULTRIE                                  57,309          19,659         18,300            13,443        (39,920)
   2379    SUGARTREE                                 42,969          17,587          1,782            13,264        (46,029)
   2387    SOUTHGATE                                 44,875          15,403          9,705            20,014        (64,231)
   2399    SUTTON PL                                 32,973          15,553          9,062            (1,766)       (61,806)
   2405    DRIFTWOOD                                 44,915          14,796         21,312             6,182          3,073
   2407    PINE MEADOWS                              45,697          19,580          1,154             1,261        (62,210)
   2411    ELMWOOD II                                49,162          19,543         14,546           193,454       (310,610)
   2412    PARKWAY N                                 42,610          20,618          8,583             9,284        (42,743)
   2416    PINE TERRACE II                           46,204          13,432          4,736             9,510        (68,908)
   2422    HILLVIEW TERRACE                          42,085           9,043          1,636           (24,280)       (10,021)
   2427    HILLCREST VILLA                           37,467           8,786         13,541            12,791        (42,024)
   2429    CYPRESS                                   54,388          14,795         12,608             2,729        (76,032)
   2431    OLYMPIAN VIL                              61,877          24,707            697            14,266        (74,778)
   2432    SILVER FOREST                             33,583          24,393          4,722            32,380        (84,346)
   2438    BERRY PINES                               45,838          15,196          4,416             3,367        (61,185)
   2439    OAK RIDGE                                 42,828          15,422          7,914             9,203        (52,582)
   2441    OAK SHADE                                 61,342          25,470          9,558            (3,395)       (32,620)
   2442    HOLLY SANDS                               54,265          19,367         12,153           (21,421)        (7,245)
   2443    BROADVIEW OAKS                            51,777          12,191          8,965            51,808        (56,496)
   2444    THYMEWOOD                                 70,083          18,141          5,814               244        (67,841)
   2446    SHADOW BAY II                             45,677          25,919         12,342            (2,987)       (65,148)
   2447    CANDLELIGHT II                            36,226          19,528          3,344            20,791        (86,337)
   2449    SUGARTREE II                              44,447          16,054            570             1,730        (40,532)
   2451    WINTER WOODS                              35,210          13,295          2,104             6,889        (31,156)
   2452    WOODLAND II                               61,988          25,788          5,841           (10,614)      (106,524)
   2454    BEL AIRE                                  57,972           7,833          1,129             1,296        (75,442)
   2459    CLEARLAKE PINES II                        41,198           9,739          1,388            94,743       (156,263)
</TABLE>
<PAGE>
                                      162
<TABLE>
CARDINAL REALTY SERVICES, INC.
INDIVIDUAL PROPERTY FINANCIAL INFORMATION SUMMARY (UNAUDITED)
BASED ON PROPERTIES OWNED AS OF DECEMBER 31, 1996
<CAPTION>
                                                 SELECTED FINANCIAL INFORMATION (ACCRUAL BASIS) (cont'd)
                                                 ----------------------------------------------------------------------------

                                                    Deprec                         Major        Non Operating
  Prop #                  Name                     & Amort       Replacement     Maintenance       Expenses        Net Income
=============================================================================================================================

                      SYNDICATED
           ===================================

   <S>     <C>                                     <C>             <C>             <C>              <C>           <C>
   2460    MANCHESTER                                48,324          14,256         11,165             5,382        (21,165)
   2461    RANCHSIDE                                 44,566          18,620          3,193             3,206        (30,429)
   2464    ESSEX SQ                                  53,476          15,266          3,492             4,886         44,707
   2465    WESTCREEK                                 61,981          14,324          5,728            12,712        (89,148)
   2466    SKY PINES                                 56,125          22,497          7,231             5,968        (71,194)
   2470    RIVERS END                                56,480          17,164         10,703            14,249        (53,663)
   2471    BRIDGE POINT                              50,009          20,057         23,076             3,369        (65,453)
   2478    NOVA GLEN II                              58,596          19,148          8,585            (2,853)       (99,484)
   2483    OAKWOOD MANOR                             50,910          11,258         10,636            11,149       (124,940)
   2484    HOLLY RIDGE                               71,686          32,515          5,725             1,480        (94,006)
   2488    HIGH POINTS                               65,098          16,959          4,350             5,525        (81,093)
   2499    WINTER WOODS II                           29,309          12,160          1,744            (2,933)       (48,433)
   2502    PALM SIDE                                 55,826          19,516          5,612             5,572        (93,739)
   2574    PALM BAY/WINDWOOD II                      16,639          36,899         21,169            (1,407)       (69,268)
   3101    MEADOWOOD NORCROSS                        52,685          34,443         16,605             4,252         30,648
   3102    CEDARGATE LAWRENCEVILLE                   46,482          28,020         15,588            72,298        (50,545)
   3104    WILLOW RUN DEKALB                         67,181          21,848         13,387           135,712       (172,732)
   3108    FOREST VIL BIBB                           62,368          32,392         28,570             9,967        (17,491)
   3109    RIDGEWOOD DEKALB                          41,949          15,449         26,726            26,042        (37,818)
   3111    IRIS GLEN ROCKDALE                        65,264          16,319          8,518           217,281       (246,223)
   3112    MEADOWLAND CLARKE                         40,112          17,907          8,805           132,213       (126,424)
   3114    WILLOWOOD MILLEDGEVILLE                   45,366          31,027         24,954            17,801        (82,481)
   3115    MEADOWOOD NORCROSS II                     40,689          23,676         10,174             4,731         (4,021)
   3116    VALLEYFIELD DEKALB                        43,923          24,117         11,155             4,370          3,987
   3117    NORWOOD GWINNETT                          57,017          24,385         17,998               897         40,525
   3118    SHADOW TRACE DEKALB                       60,851          25,583         11,500             7,040         17,304
   3120    OAKLEY WOODS UNION CITY                   47,532          13,211         13,964           (78,386)        60,330
   3121    ELMWOODS MARIETTA                         42,912          11,775          8,030           138,231       (138,162)
   3122    WOOD TRAIL NEWMAN                         55,777          14,617          2,891             5,904         26,953
   3123    REDAN VIL DEKALB                          69,812          28,498         17,465           247,172       (226,322)
   3124    BARRINGTON DEKALB                         53,932          19,912         29,471            58,476       (136,414)
   3125    STRATFORD LANE COLUMBUS                   49,942          26,615         13,680            44,461        (72,131)
   3127    WOODCLIFF LILBURN                         68,309          23,193         13,397             3,093         (1,840)
   3128    WOODCREST                                 46,396          16,800          5,830             6,151        (24,141)
   3130    RAMBLEWOOD RICHMOND                       59,978          32,027         16,062            11,751       (158,454)
   3131    COUNTRYSIDE MANOR                         63,686          25,614          9,688            20,698          6,205
   3132    WINDSOR VIL                               39,380          19,578          2,122             4,570        (92,434)
   3135    WATERBURY CLARKE                          37,784          17,239            803            (3,823)        21,832
   3136    BURNSBROOKE ATHENS                        47,578          17,274          2,912            13,551        (81,168)
   3137    GENTIAN OAKS COLUMBUS                     44,057          17,364         11,237            19,060        (58,294)
   3138    WILLOW CREEK GRIFFIN                      36,955          12,356            395             6,932        (17,026)
   3139    TIMBERWOODS PERRY                         39,650          41,026         16,251             5,242        (56,285)
   3140    CARRIAGE HILLS DUBLIN                     48,399          28,837          9,177           206,971       (296,833)
   3141    HILLANDALE MANOR DEKALB                   43,856          19,639         27,687             7,673        (17,532)
   3142    WHISPERWOOD CORDELE                       31,151          19,469          2,416             2,745        (37,839)
   3143    OAKWOOD VIL RICHMOND                      55,005          15,028          2,601             6,711        (31,825)
   3145    PINE KNOLL CLAYTON                        30,103           8,988          6,418             2,835          3,416
   3149    HARBINWOOD GWINNETT                       63,414          38,940         28,827             6,818        (56,256)
   3150    PARKWOOD VIL                              62,403          14,118         12,543            13,118        (17,090)
   3151    AMBERWOOD BARTOW                          45,971           8,477          3,233             7,661         14,281
   3152    WOOD VALLEY CALHOUN                       51,570           7,646         11,576            26,944        (54,388)
   3153    NORTHRIDGE CARROLLTON                     61,615          22,278         14,944             4,253        (19,475)
   3154    HILLSIDE MANOR AMERICUS                   47,209          16,084            361            15,479        (58,685)
   3156    VALLEYFIELD DEKALB II                     56,697          21,948         13,404             5,417         33,006
   3158    WOODCLIFF LILBURN II                      53,177          19,558         13,807            13,265        (46,325)
   3159    FOREST RIDGE RICHMOND                     47,941          24,533          2,765            12,590       (106,924)
   3160    SHANNON WOODS UNION CITY II               52,078          12,974         11,129           (10,751)        31,662
   3161    HOLLY PARK COLUMBUS                       49,608          18,869          3,351             8,981        (23,067)
   3162    REDAN VIL DEKALB II                       69,768          25,463         15,197             7,854         17,428
   3163    RIDGEWOOD DEKALB II                       38,335          17,605         12,924            20,718        (32,752)
   3168    KNOX LANDING KNOXVILLE                    58,097          30,672          6,837             9,693        (79,372)
   3176    MORGAN TRACE UNION CITY                   75,734           9,532          7,721           (24,637)       (31,936)
   3184    AMBERWOOD II                              70,942          12,309          8,603           (82,998)        90,409
   3197    PARKWOOD VIL II                           53,266           9,056          9,144            10,670         19,823
   3200    SKYRIDGE                                 102,278          57,521         37,876             1,829         32,301
   3266    MARSH LANDING                             41,763          21,095         11,760            13,727        (55,462)
</TABLE>
<PAGE>
                                      163
<TABLE>
CARDINAL REALTY SERVICES, INC.
INDIVIDUAL PROPERTY FINANCIAL INFORMATION SUMMARY (UNAUDITED)
BASED ON PROPERTIES OWNED AS OF DECEMBER 31, 1996
<CAPTION>
                                                 SELECTED FINANCIAL INFORMATION (ACCRUAL BASIS) (cont'd)
                                                 ----------------------------------------------------------------------------

                                                    Deprec                         Major        Non Operating
  Prop #                  Name                     & Amort       Replacement     Maintenance       Expenses        Net Income
=============================================================================================================================

                      SYNDICATED
           ===================================

   <S>     <C>                                   <C>            <C>             <C>               <C>          <C>
   3269    WOODSIDE                                  38,417          15,102         22,647            (3,339)       (51,179)
   3270    GREENTREE                                 29,416          13,019         11,811            16,368        (32,432)
   3271    STILLWATER                                40,909          25,622          6,388             4,548        (63,616)
   3353    RAMBLEWOOD II                             19,693          (1,909)        19,922            (6,793)       (13,885)
   3358    LINK TERRACE                              37,121          31,387          5,773            10,909        (52,725)
   3366    GREENTREE II                              21,640           6,995         12,518             4,010        (24,726)
   3378    SUNNYSIDE                                 36,314          17,392         12,276               742         (8,252)
   3409    QUAIL CALL                                32,693          18,182          5,360            20,105        (62,271)
   3428    WESTWAY                                   57,961          19,206          1,781             3,153        (23,965)
   3430    CAMDEN WAY                                48,397          16,622         17,731             5,558       (151,530)
   3450    CAMDEN WAY II                             54,693          21,209         12,330              (943)       (99,600)
   4101    FORSYTHIA CT HARFORD                      66,412           9,614             53            15,214        (60,281)
   4149    GLEN HOLLOW GLEN BURNIE                   54,198           4,914          4,418            83,956       (136,205)
   4708    ANNHURST HARFORD                          65,359          12,278          6,414            34,977        (31,443)

                                              ------------------------------------------------------------------------------
       409                                      $18,500,152      $7,269,074     $2,993,221        $1,075,720   $(13,824,830)
                                              ------------------------------------------------------------------------------
</TABLE>
<PAGE>
                                      164
<TABLE>
CARDINAL REALTY SERVICES INC
INDIVIDUAL PROPERTY FINANCIAL INFORMATION SUMMARY (UNAUDITED)
BASED ON PROPERTIES OWNED AS OF DECEMBER 31, 1996
<CAPTION>
                                           OTHER FINANCIAL INFORMATION  (CASH BASIS)
                                           -----------------------------------------------------------------------------------
                                                        Contractual   Sub-      Dis-
                                                           First    ordinated tribution   Excess                     Real
                                             Capital      Mortgage    Debt    to Limited  Cash Flow                  Estate
Prop # Name                                Expenditures  Principal Principal  to Partners Cardinal   Investment      Taxes
====================================================================================================================================

       WHOLLY OWNED PROPERTIES
       =================================

<S>    <C>                                   <C>         <C>        <C>      <C>        <C>        <C>            <C>
1375   RIVERVIEW ESTATES                       38,800      16,314                           10,272           0       24,826
1377   APPLE RIDGE I                            7,200      11,479                            2,221    (254,857)      14,840
1389   THE WILLOWS I                           14,736      11,799                           19,458           0       16,307
1439   MONTROSE SQUARE                              0      31,582                                0           0       46,329
1542   SPRINGWOOD                              26,000      10,695                           16,454           0        6,029
1620   MEADOWOOD                                    0       4,892        720                     0           0       11,036
1672*  RIDGEWOOD ELHART                             0       6,177                           23,348     (17,500)           0
1690   HEATHMOORE I                                 0      18,500                           67,944           0       35,817
1750   CEDARWOOD II                             3,011      11,759                                0    (187,924)       9,800
1780   BRUNSWICK                                    0      12,975     51,599                     0           0       54,924
1786   SPICEWOOD                                2,927      41,304                                0      (4,452)      19,997
1806   WINTHROP CT II                             300       9,248                                0    (150,534)      14,364
1809   MEADOWOOD II                               463      14,624                                0           0       37,642
1810   ACADIA CT II                             1,470      22,099                           40,146           0       61,287
1814   ASHFORD HILL                             2,100      17,073                            7,011           0       33,211
1816   CEDARWOOD III                           23,740      10,413                            5,545           0        9,754
1822   MARABOU MILLS I                          4,203      20,701                           13,243     (36,107)      32,912
1823   ELMTREE PARK I                             225      19,640                           43,522           0       31,491
1824   AMESBURY I                               3,030      14,862                           40,482           0       26,990
1825   BRADFORD PL                                  0       6,006                           29,885           0       32,880
1830   SHERBROOK                                    0      19,695                           18,716           0       31,647
1833   HAYFIELD PARK                           11,524      20,627                           59,331           0       13,040
1838   CEDARGATE II                                 0       2,842                                0           0       11,479
1839   DARTMOUTH PL II                          2,970      17,256                           61,182           0       23,501
1841   WILLOWOOD II                                 0      12,240                            5,792           0       24,600
1843   DOGWOOD GLEN I                          21,107      20,725                           43,524     (59,145)      31,174
1846   CHERRY GLEN I                                0      22,414                            5,015           0       34,704
1853   FOXHAVEN                                13,745      22,052                           62,699           0       33,360
1859   ANNHURST II                                  0       9,913                                0           0       16,653
1863   HUNTER GLEN                                  0      26,242                           27,081           0       38,928
1869   HARVEST GROVE I                              0      22,513                           44,450           0       24,427
1871   CLEARWATER                              13,839      11,839                           32,106           0       13,775
1877   SHERBROOK                                8,400      33,177                           74,334           0       53,579
1880   ARAGON WOODS                                 0       4,400                            5,261           0       25,131
1885   NEWBERRY II                                  0      16,496      6,348                     0           0       25,652
1887   RIVER GLEN I                                 0      33,882                           19,061           0       28,309
1889   APPLEGATE II                            10,705      16,748                           21,732     (55,382)      34,421
1895   ROSEWOOD COMMONS II                        201      34,809                           19,017           0       29,612
1898   RIDGEWOOD II                                 0      26,815                           68,600           0       40,863
1908   CHERRY GLENN II                          1,660      13,722                           52,611           0       35,111
1909   LINDENDALE                                   0       4,172                                0    (165,118)      30,502
1911   ELMTREE PARK II                            163       6,795                                0           0       19,552
1914   WOODLANDS II                                 0      19,616                           30,623           0       28,775
1917   WILLOWOOD II                            21,600      12,094                           60,363           0       18,233
1935   RED DEER II                                  0      24,255                           56,757           0       16,800
1936   SUFFOLK GROVE II                         2,085      12,843                           19,066           0       25,523
1937   THE WILLOWS III                          6,054      10,173                           21,362           0       15,672
1946   AMBERWOOD                                    0       7,090      5,263                     0    (154,857)      15,720
1966   RIVER GLEN II                                0      19,667                                0    (251,150)      23,162
1982   MARABOU MILLS III                            0       9,018                                0    (265,955)      22,537
1983   CAMBRIDGE COMMONS III                        0           0                                0           0       29,083
1986   GARDEN CT                                1,856      29,427                          100,342           0       50,760
1005   ANNHURST III                                 0      30,028                                0           0       21,420
1039   LAUREL BAY                                   0      43,748                           61,604           0       48,486
2137   WINDWOOD I                              27,495       4,740      1,108                     0           0       21,854
2208   GARDEN TERRACE I                        39,180       7,906                           10,318           0       19,362
2385   CANTERBURY CROSSINGS                         0      12,768     82,482                     0           0       52,757
2455   THYMEWOOD II                                 0      16,490      7,812                     0           0       49,882
2462   FOREST GLEN                             12,000      17,727                           53,664           0       16,891
2469   BEL AIRE II                                  0      11,355      1,200                     0           0       24,376
2479   HERON POINTE                            20,125      11,336                          112,695           0       36,369
2482   OAKWOOD VILLAGE                              0      14,454                           22,648           0       19,682
2487   RIVERS END II                                0      13,668                           64,714           0       22,566
2501   WHISPERING PINES II                          0       5,481                                0           0       15,239
2512   SKY PINES II                            50,450      21,715                                0           0       20,543
2513   CRYSTAL CT II                                0      11,869      2,695                     0           0       23,249
2515   HIDDEN ACRES                               684      11,397     16,400                     0     (99,957)      39,740
</TABLE>
<PAGE>
                                      165
<TABLE>
CARDINAL REALTY SERVICES INC
INDIVIDUAL PROPERTY FINANCIAL INFORMATION SUMMARY (UNAUDITED)
BASED ON PROPERTIES OWNED AS OF DECEMBER 31, 1996
<CAPTION>
                                           OTHER FINANCIAL INFORMATION  (CASH BASIS)
                                           -----------------------------------------------------------------------------------------
                                                        Contractual   Sub-      Dis-
                                                           First    ordinated tribution   Excess                     Real
                                             Capital      Mortgage    Debt    to Limited  Cash Flow                  Estate
Prop # Name                                Expenditures  Principal Principal  to Partners Cardinal   Investment      Taxes
====================================================================================================================================

       WHOLLY OWNED PROPERTIES
       =================================

<S>    <C>                                   <C>       <C>         <C>            <C>   <C>        <C>            <C>
2519   CENTRE LAKE III                              0      57,542                              655           0      141,383
2520   PINE VIEW                                3,764      13,532      3,881                     0           0       31,688
2521   BLUEBERRY HILL I                           224       8,959                            9,138           0       15,846
2526   HOLLY SANDS II                          39,716       7,308     28,744                     0     (18,181)      18,457
2527   SUNSET WAY I                                 0      27,041                           30,468    (790,033)      66,809
2530   PINE BARRENS                            51,675      19,881                           52,947           0       35,575
2535   PELICAN POINTE I                         9,730      15,735                           37,954           0       28,381
2537   CALIFORNIA GARDENS                           0      10,198      1,420                     0           0       23,038
2543   MIGUEL PL                                    0      10,162      6,695                     0           0       22,246
2545   JUPITER COVE I                               0      13,040     12,877                     0           0       31,843
2546   PELICAN POINTE II                        9,290      13,719                           37,192           0       24,236
2547   MARK LANDING I                          32,904       8,232     40,195                     0           0       24,025
2549   JUPITER COVE III                             0      14,301     12,235                     0           0       31,472
2556   HILLSIDE TRACE                               0       8,804      1,354                     0           0       21,080
2559   JEFFERSON WAY I                          6,400       8,470     12,828                     0           0       16,324
2580   SUNSET WAY II                                0      23,455                                0           0       66,174
2587   OAK GARDENS                                484      27,262     28,101                     0           0       69,437
3166   CEDAR HILL                                   0      19,003                           36,564           0       21,398
3171   LAUREL GLEN                                  0      11,996                                0    (250,429)      25,497
3173   SPRINGBROOK                             32,645      20,886                            5,556     (31,563)      34,224
3174   LAKESHORE I                                  0       7,644                           27,769           0       17,244
3175   GLENVIEW                                     0      27,685                                0           0       18,941
3186   RAMBLEWOOD II                                0      65,442                                0           0       17,784
3188   VALLEYBROOK                                  0      22,114                           86,681     (76,934)      17,622
3189   WILLOW LAKES                                 0      48,204                                0           0       28,962
3190   GLENWOOD VILLAGE                             0      14,515                           77,723           0       20,101
3208   RAVENWOOD                                    0      43,133                           44,054           0       28,221
3209   INDIAN LAKE I                            4,481     140,897                          242,542           0       64,823
3231   WALKER PL                                    0      11,714                                0     (79,661)      35,301
3233   GREENBRIAR GLEN                              0      27,866                           65,880    (172,181)      35,258
3400   HATCHERWAY                              18,511       5,310                           28,192           0       19,337
3417   GLEN ARM MANOR                          43,359      12,550      1,753                     0           0       17,978
3480   MILL RUN                                     0       3,264                           21,575           0       21,958
3486   STEWART WAY I                           16,447       8,506                            6,599           0       26,225
3494   WILCREST WOODS                          16,260       6,504                           15,519           0       20,816
3496   MARSHLANDING II                          2,777       8,467                                0           0        8,315
3522   STEWART WAY II                               0       7,630                           20,223           0       28,218
3532   KINGS COLONY                                 0       7,460                                0           0       27,994
4109   CHERRY TREE                              2,988      58,398                           19,265           0       44,972
4111   FORSYTHIA CT II                              0      23,695     26,417                     0           0       25,680
4133   MERRIFIELD                               2,546      29,504                           36,950    (284,688)      49,199
5910   MARABOU MILLS II                         2,233      19,823                           50,870           0       21,639
5886   PICKERINGTON MEADOWS                         0      20,596                                0     (11,300)      16,786
5903   BRUNSWICK II                                 0      15,851                              106           0       31,361
5906   AMESBURY II                              4,660      15,735                               69           0       24,731
5951   HARVEST GROVE II                         1,433      13,287                            6,853           0       40,532

                                        ------------- ----------- ---------- ---------- ---------- ------------ -----------
113                                          $696,575  $2,095,701   $352,127         $0 $2,515,542 $(3,417,909)  $3,278,271
                                        ------------- ----------- ---------- ---------- ---------- ------------ -----------

       * Partial year
</TABLE>
<PAGE>
                                      166
<TABLE>
CARDINAL REALTY SERVICES INC
INDIVIDUAL PROPERTY FINANCIAL INFORMATION SUMMARY (UNAUDITED)
BASED ON PROPERTIES OWNED AS OF DECEMBER 31, 1996
<CAPTION>
                                           OTHER FINANCIAL INFORMATION  (CASH BASIS)
                                           -----------------------------------------------------------------------------------------
                                                        Contractual   Sub-      Dis-
                                                           First    ordinated tribution   Excess                     Real
                                             Capital      Mortgage    Debt    to Limited  Cash Flow                  Estate
Prop # Name                                Expenditures  Principal Principal  to Partners Cardinal   Investment      Taxes
====================================================================================================================================

       SYNDICATED
       =================================

<S>    <C>                                   <C>        <C>          <C>        <C>        <C>        <C>           <C>
1109   DOGWOOD TERRACE                        103,385       2,928                                0    (214,722)      27,710
1112   LONDON LAMPLIGHT                             0      29,879                16,398     12,712           0       14,330
1123   SPRINGFIELD WOODGATE                     6,458       2,657     10,737                     0           0       13,080
1262   THE BIRCHES LIMA                        17,143       4,973                            4,337           0       12,503
1297   PLUMWOOD APTS                           10,423      15,369                52,897     42,286           0       30,147
1310   MELDON PL                               27,082      27,901                           54,407           0       52,388
1320   WEST OF EASTLAND                             0      11,438                                0           0       38,049
1322   PARKVILLE                               47,495       8,650                            3,389           0       32,999
1327   CHARING CROSS APTS                      18,625       9,834                           55,652           0       18,778
1329   INDEPENDENCE VIL                         1,925      14,150                                0           0       41,055
1330   POPLAR CT                               12,919      18,824     10,578                 4,304           0       14,582
1341   GREENLEAF APTS                               0       2,743                                0           0       14,988
1344   LAUREL CT APTS                          10,925       9,789                                0           0       14,532
1379   AMHURST APTS                                 0      20,778                15,302      6,496           0       25,976
1404   KETWOOD APTS                            37,362      33,168                 6,196          0           0       40,092
1436   SANDALWOOD APTS                              0      11,309                13,149      1,461           0       11,520
1437   HICKORY MILL                            25,070      14,093                41,632     42,503           0       24,702
1455   MONTROSE SQ                             27,075      10,444                           41,550           0       10,675
1456   APPLE RIDGE                                  0       7,147                           15,457    (106,172)      14,040
1460   WESTWOOD                                10,400       1,258                                0           0        3,185
1461   APPLE RUN II                                 0       4,710     87,449                     0           0       15,251
1462   PLUMWOOD                                     0      10,629                            9,450           0       12,096
1464   GREENGLEN                                    0       6,140     20,220                10,000           0       15,316
1465   CEDARWOOD BELPRE                             0       9,628                 5,418     12,978           0        6,919
1466   AMHURST II                              15,840      19,316                19,801      4,781           0       27,096
1469   CHELSEA CT                              23,549      14,134                           43,343           0       14,148
1470   MILLSTON APTS                            7,350       5,914                           10,306           0        9,562
1473   MILLBURN II                             14,775       6,851      1,391                     0    (238,032)      24,480
1483   WOODBINE                                 6,210       7,114                                0    (121,066)       9,592
1485   HAMPSHIRE II                            17,375      16,715                            2,879           0       18,120
1489   PLUMWOOD                                     0      12,489                           43,301           0       22,675
1491   CAMELLIA CT WASHINGTON CH                    0       7,545                            7,569           0        9,295
1499   CONCORD SQ ONTARIO                       2,230       6,499                            3,124           0       11,760
1505   CAMELLIA CT DAYTON                      13,156      10,768                 2,520      4,968     (22,850)      22,201
1510   BECKFORD PL WAPAKONETA                  14,975       3,324                                0           0        7,699
1511   APPLEGATE CHILLICOTHE II                 3,650       3,685                                0           0        9,604
1512   SPRINGWOOD NEW HAVEN                         0      10,312                           14,692           0       19,649
1516   THE WILLOWS DELAWARE II                 12,507       7,366                           16,771           0       13,627
1519   GREENGLEN ALLEN II                      10,812       6,438                            5,452    (146,613)      11,279
1523   LARKSPUR MORAINE                        12,600       5,367                               76           0        1,320
1524   MILLSTON ABERDEEN II                     7,625       4,404                            6,356           0        6,982
1526   CAMELLIA CT COLUMBUS                    37,503      34,463                16,793     17,360           0       22,183
1527   WOODBINE CUYAHOGA FALLS                      0      21,383                42,952      3,076           0       23,675
1528   APPLEGATE LORDSTOWN                          0      10,593                                0           0        8,791
1529   PARKVILLE ENGLEWOOD                          0      12,149                13,074     15,269           0       16,596
1530   CEDARWOOD SABINA                             0       7,880                                0           0        8,579
1531   ANDOVER CT                                   0      18,243                            6,564           0       11,180
1533   HAMPSHIRE BLUFFTON                           0       9,273                              316           0       11,919
1534   CONCORD SQ LAWRENCEBURG                      0       5,416                           19,068           0       23,061
1535   GREENGLEN TOLEDO II                     32,515       9,410                           39,705           0       19,920
1539   FOXTON SEYMOUR                               0       4,940                                0           0        8,855
1540   DARTMOUTH PL KENT                       15,988      13,008                                0           0       26,772
1549   CAMELLIA CT DAYTON II                        0      16,119                           19,098           0       22,358
1550   APPLEGATE COLUMBUS                           0      26,156                31,992     16,860           0       24,884
1553   APPLE RIDGE III                              0       7,582                 7,156      1,663           0        9,948
1554   SPRINGWOOD AUSTINTOWN II                     0      11,301      7,726                     0           0       15,074
1555   DOVER PL EASTLAKE                        4,100      23,253                74,775     19,877           0       19,925
1556   PARKVILLE PARKERSBURG                    2,770       5,387                           14,478           0        9,120
1557   HARTWICK TIPTON                              0      15,765                            1,167           0       17,325
1558   BECKFORD PL THE PLAINS                       0      20,939                           28,711           0       22,385
1559   LARKSPUR COLUMBUS                        9,040      33,146                            6,681           0       25,643
1560   SPRINGWOOD COLUMBUS                          0       8,859                            2,611           0       21,742
1561   PARKVILLE GAS CITY                           0       4,917                           10,920     (90,985)      19,197
1562   CAMELLIA CT CARROLLTON                  14,800      22,377                                0           0        8,398
1563   FOXTON DAYTON II                        35,512      16,871                            4,137           0       35,520
1566   APPLE RUN HILLSDALE                      8,282      13,645                           27,516           0       16,989
1567   PINE GROVE ROSEVILLE                         0       7,614                                0    (158,561)      34,483
</TABLE>
<PAGE>
                                      167
<TABLE>
CARDINAL REALTY SERVICES INC
INDIVIDUAL PROPERTY FINANCIAL INFORMATION SUMMARY (UNAUDITED)
BASED ON PROPERTIES OWNED AS OF DECEMBER 31, 1996
<CAPTION>
                                           OTHER FINANCIAL INFORMATION  (CASH BASIS)
                                           -----------------------------------------------------------------------------------------
                                                        Contractual   Sub-      Dis-
                                                           First    ordinated tribution   Excess                     Real
                                             Capital      Mortgage    Debt    to Limited  Cash Flow                  Estate
Prop # Name                                Expenditures  Principal Principal  to Partners Cardinal   Investment      Taxes
====================================================================================================================================

       SYNDICATED
       =================================

<S>    <C>                                    <C>         <C>        <C>      <C>          <C>       <C>            <C>
1568   ASHGROVE FRANKLIN                        2,700       9,303                                0           0       19,320
1569   MEADOWOOD JACKSON                       12,339       6,862                            6,270    (131,569)      18,366
1571   GEORGETOWN S TUSCARAWAS II                   0       9,024                                0           0       14,820
1572   CONCORD SQ KOKOMO                            0      25,625                           25,953           0       19,219
1573   SANDALWOOD ALEXANDRIA                        0      30,402                                0           0       17,899
1574   AMHURST TOLEDO                          11,900      16,614                           35,224           0       25,132
1575   HAMPSHIRE WILLIAMSTOWN                  14,625       5,728                                0           0        5,874
1576   MEADOWOOD MANSFIELD                          0      10,293                                0           0       12,720
1577   HICKORY MILL HURRICANE                  19,200      11,865                           11,714           0       11,904
1578   ASHGROVE FLORENCE                        4,500      12,669                                0           0       11,809
1579   MEADOWOOD FRANKLIN                      30,216       3,930                57,691      2,353     (10,710)      15,046
1581   CEDARWOOD GOSHEN                             0      11,966                36,642      2,977           0       15,642
1582   CONCORD SQ ONTARIO II                        0       5,293                                0           0        8,640
1583   MEADOWOOD CRAWFORDSVILLE                     0      17,083                           11,499           0       25,276
1585   BECKFORD PL N CANTON                     6,205      14,171                 4,948     12,378           0       20,160
1587   PINE GROVE COLUMBUS II                       0       3,145                                0           0        6,242
1588   PLUMWOOD COLUMBUS III                    2,477       9,181                           27,354           0       11,313
1589   WOODLANDS COLUMBUS                           0      18,047                                0           0       34,090
1590   WOODLANDS FRANKLIN                           0       6,803      3,265                     0           0          696
1591   MEADOWOOD FLATWOODS                          0      13,285                           12,950           0       12,191
1592   GREENGLEN DAYTON                         7,250      24,179                           34,375           0       31,220
1593   ASHGROVE INDIANAPOLIS                    1,087      21,284                           33,041           0       26,718
1595   MEADOWOOD NICHOLASVILLE                 19,987       7,405                           69,130           0       11,453
1596   STONEHENGE RICHMOND                     16,935       6,153                12,599     46,014           0       34,773
1597   WILLOWOOD COLUMBUS                           0       6,837                63,055     46,811           0       21,287
1598   CEDARGATE BOWLING GREEN                      0      27,672                           59,628           0       11,294
1599   WILLOW RUN WILLARD                           0      23,984                                0           0       12,000
1600   HEATHMOORE JEFFERSON                         0      11,338                            8,172           0       13,635
1601   STONEHENGE GLASGOW                           0      11,422                                0           0        8,661
1602   HEATHMOORE INDIANAPOLIS                      0      13,648                49,149     28,026           0       25,456
1603   APPLE RUN TRUMBULL                           0      13,838                                0           0       12,533
1604   FOXTON MONROE                                0      11,072                 2,182      8,944           0       23,510
1605   ASHGROVE CALHOUN                             0       7,413                                0     (23,562)      17,520
1606   STONEHENGE OTTAWA                        7,884       6,280                           10,872           0        5,092
1613   WOODLANDS ZELIENOPLE                         0      12,501                           19,673           0       22,149
1615   RIDGEWOOD WESTLAND                           0       8,795                                0           0       41,291
1616   HEATHMOORE MACOMB                            0           0                37,810          0           0       31,920
1617   DOVER PL EASTLAKE II                     2,600      14,909                20,761     12,771           0       19,504
1618   DOVER PL EASTLAKE III                    1,800       7,349                 7,444      1,897           0        9,202
1619   CEDARGATE MICHIGAN CITY                      0       8,706                            9,479    (187,911)      29,790
1622   CEDARGATE BLOOMINGTON                        0      33,197                           63,885           0       38,850
1623   CEDARGATE LANCASTER                          0       4,094                                0           0        9,998
1624   STONEHENGE JEFFERSON                         0      17,845                           44,443           0       13,664
1626   SLATE RUN INDIANAPOLIS                  18,581      23,994                18,515     61,283           0       35,101
1630   SANDALWOOD TOLEDO                        8,665      10,085                                0     (91,584)      22,781
1635   RIDGEWOOD COLUMBUS                       4,825       6,946                           46,330           0       24,151
1637   APPLEGATE DELAWARE                       7,137      15,693                           28,701           0       34,079
1638   MEADOWOOD LOGANSPORT                         0       8,242                           11,943           0       19,509
1639   SLATE RUN LEBANON                            0       8,506                           69,996           0       20,756
1640   WESTWOOD ROCHESTER                           0      10,464                                0           0       15,468
1641   WILLOWOOD WOOSTER                            0      14,509      7,158                40,453           0       15,240
1642   STONEHENGE STARK                        24,055       7,626                           21,052           0       11,760
1644   RIDGEWOOD LEXINGTON                     13,617      24,374                           66,453           0        9,106
1645   RIDGEWOOD BEDFORD                        3,168      15,762                           43,995           0       19,889
1646   CAMELLIA CT COLUMBUS II                  3,640       8,613                           28,629           0       15,892
1647   CEDARGATE ENGLEWOOD                          0      11,272                                0     (22,441)      27,600
1648   SLATE RUN HOPKINSVILLE                   5,900      10,218                               97           0       10,955
1649   WILLOWOOD GROVE CITY                    11,647       6,228                           20,101           0       22,436
1650   MEADOWOOD COLUMBUS                           0      27,746                           20,384           0       23,877
1651   STONEHENGE INDIANAPOLIS                      0       8,530                           61,505           0       27,418
1652   MEADOWOOD WARRICK                        1,400      14,164                                0           0       21,600
1653   WILLOWOOD E INDIANAPOLIS                     0       6,668                           40,265           0       27,071
1655   CEDARGATE SHELBY                             0      15,545                           16,215           0       13,817
1656   RIDGEWOOD RUSSELVILLE                        0      13,154                                0    (149,635)       8,385
1657   WILLOW RUN NEW ALBANY                   18,866      20,762                           28,783           0       26,024
</TABLE>
<PAGE>
                                      168
<TABLE>
CARDINAL REALTY SERVICES INC
INDIVIDUAL PROPERTY FINANCIAL INFORMATION SUMMARY (UNAUDITED)
BASED ON PROPERTIES OWNED AS OF DECEMBER 31, 1996
<CAPTION>
                                           OTHER FINANCIAL INFORMATION  (CASH BASIS)
                                           ----------------------------------------------------------------------------------------
                                                        Contractual   Sub-      Dis-
                                                           First    ordinated tribution   Excess                     Real
                                             Capital      Mortgage    Debt    to Limited  Cash Flow                  Estate
Prop # Name                                Expenditures  Principal Principal  to Partners Cardinal   Investment      Taxes
====================================================================================================================================

       SYNDICATED
       =================================

<S>    <C>                                    <C>         <C>        <C>      <C>          <C>       <C>            <C>
1658   ASHGROVE JEFFERSON                      17,802      12,843                           65,434           0        8,600
1659   SLATE RUN JEFFERSON                          0      24,727                           22,908           0       12,605
1660   MEADOWOOD LEXINGTON                     18,915      18,365                           24,040           0       10,085
1661   FORSYTHIA CT COLUMBUS                        0      29,503                           20,347           0       29,798
1663   WATERBURY GREENWOOD                          0       6,340                           21,965           0       16,126
1664   SLATE RUN BARDSTOWN                      5,185       9,372                               87           0        7,664
1666   WILLOWOOD FRANKFORT                          0      11,939                                0    (387,626)      11,253
1667   BECKFORD PL NEW CASTLE                       0       5,368                           26,639           0       11,770
1669   WILLOWOOD OWENSBORO                          0       6,443                                0           0       10,494
1670   STONEHENGE MONTGOMERY                        0      16,097                           35,135           0       28,368
1671   LARKSPUR MORAINE II                          0       6,926                                0           0        1,440
1673   SLATE RUN BEDFORD                            0      15,256                           43,924           0       51,357
1674   ROSEWOOD JEFFERSON                      36,824      19,669                           81,562           0       20,581
1676   MILLBURN STOW                           16,148      24,845     11,167                24,097           0       28,634
1677   WILLOW RUN MADISONVILLE                      0      11,694                                0    (103,194)      14,350
1678   CEDARWOOD GOSHEN II                          0       7,034                            8,203           0       16,835
1679   HEATHMOORE EVANSVILLE                    1,209      12,633                                0     (59,555)      36,000
1681   FOREST PARK MEADOWOOD                        0      43,461                                0           0       51,067
1682   STONEHENGE TECUMSEH                          0       6,179                 3,722     52,861           0       27,660
1683   BRANDON CT BLOOMINGTON                       0      17,460                           55,439           0       51,316
1686   ASHGROVE STERLING                        6,426      16,391                           89,802           0       60,842
1687   MONTGOMERY CT INGHAM                         0      13,124                           24,847           0       34,278
1691   PINE GROVE ROSEVILLE II                      0       8,196                           17,934           0       19,533
1692   MEADOWOOD MONROE                        12,750      10,524                           81,946           0       26,593
1695   ANNHURST INDIANAPOLIS                        0      88,835                                0           0       33,823
1696   ANNHURST ALLEGHENY                           0      25,851                           61,092           0       80,275
1698   WOODLANDS STREETSBORO                   11,483      33,728     13,102                20,905           0       20,702
1699   ROANOKE OAKLAND                         35,650      22,565                                0           0       62,776
1700   DANIEL CT CLERMONT                           0      22,593                                0           0       41,173
1702   STRATFORD SOUTH CHARLESTON                   0      36,034                                0           0       34,225
1703   BARRINGTON BEDFORD                       9,418      44,657      5,887                27,939           0       69,793
1704   MULBERRY HILLIARD                       16,112      13,236     42,332                     0           0       29,357
1705   WOODLANDS COLUMBUS II                    3,295      12,905     44,012                     0           0       27,055
1707   LARKSPUR COLUMBUS II                     4,870      10,503                           31,096           0       25,827
1714   NEWBERRY EATON                               0      14,966                           52,862           0       32,275
1717   HICKORY MILL HURRICANE II               12,090      14,957                           30,512           0       11,422
1718   MEADOWOOD COLUMBUS II                        0       2,924                           22,305           0        9,037
1719   VALLEYFIELD LEXINGTON                    1,280      11,347                           94,297           0       19,242
1720   RIDGEWOOD COLUMBUS II                        0       6,705                           35,784           0       23,345
1721   OLIVEWOOD INDIANAPOLIS                  17,093      19,259                           63,464           0       26,294
1723   ROANOKE JEFFERSON                            0      35,206                           21,790           0        9,851
1724   MEADOWOOD CUYAHOGA FALLS                   581      15,735                           49,283           0       25,695
1725   RIDGEWOOD LEXINGTON II                  31,304      13,074                           48,505           0        9,364
1726   STONEHENGE JASPER                            0       5,144                            4,572     (54,605)      16,149
1727   CARLETON CT KANAWHA                     18,350      16,357                           18,524     (29,532)      22,980
1728   NEWBERRY GROVE CITY                          0       6,908     17,959                 6,737     (98,219)      22,815
1729   BECKFORD PL N CANTON II                      0      13,837                           21,330           0       20,280
1730   NORTHRUP CT ALLEGHENY                        0      11,711      2,426                     0    (185,398)      29,300
1731   FORSYTHIA CT JEFFERSON                       0       9,707                           67,404           0       13,252
1732   WINTHROP CT FRANKFURT                        0      14,323                           41,405           0       14,336
1733   PRINCETON CT EVANSVILLE                      0       5,024                           23,061           0       32,055
1735   ROSEWOOD COLUMBUS                            0      26,453                           34,674           0       32,614
1737   SLATE RUN JEFFERSON II                       0      23,563                                0           0       13,982
1741   WILLOWOOD TROTWOOD                           0       6,934      5,491                     0    (101,080)      24,000
1744   BRUNSWICK TRUMBULL                       5,016           0          0                     0           0       19,377
1745   WYCLIFFE CT                                  0       1,097                                0    (134,377)      26,640
1747   SLATE RUN MIAMISBURG                    15,602      10,578                           20,044    (130,000)      19,507
1748   MONTGOMERY CT COLUMBUS                       0      13,204                           44,347           0       28,492
1749   WATERBURY CLARKSVILLE                        0      15,928                           33,200           0       20,412
1751   WINTHROP CT COLUMBUS                         0      11,228                           20,974    (144,024)      23,685
1752   PICKERINGTON MEADOWS                     8,250       9,388                           31,062           0       21,041
1756   WATERBURY CLERMONT                       1,000      23,348                           30,295           0       26,705
1757   WILLOWOOD GROVE CITY II                  4,509       3,624      4,792                 3,000           0       12,562
1758   CEDARGATE BLOOMINGTON II                 1,821      13,537                           62,350           0       32,149
1759   ACADIA CT                                6,970      14,259                           68,800           0       58,491
</TABLE>
<PAGE>
                                      169
<TABLE>
CARDINAL REALTY SERVICES INC
INDIVIDUAL PROPERTY FINANCIAL INFORMATION SUMMARY (UNAUDITED)
BASED ON PROPERTIES OWNED AS OF DECEMBER 31, 1996
<CAPTION>
                                           OTHER FINANCIAL INFORMATION  (CASH BASIS)
                                           -----------------------------------------------------------------------------------------
                                                        Contractual   Sub-      Dis-
                                                           First    ordinated tribution   Excess                     Real
                                             Capital      Mortgage    Debt    to Limited  Cash Flow                  Estate
Prop # Name                                Expenditures  Principal Principal  to Partners Cardinal   Investment      Taxes
====================================================================================================================================

       SYNDICATED
       =================================

<S>    <C>                                    <C>         <C>        <C>      <C>          <C>       <C>            <C>
1760   WILLOWOOD E INDIANAPOLIS II                  0      10,234                           47,743           0       24,345
1761   SHERBROOK COLUMBUS                           0       6,358                           28,788           0       27,676
1762   LONGWOOD LEXINGTON                           0      11,320                           44,182           0       11,558
1763   NORTHRUP CT ALLEGHENY II                     0      12,679                            2,000           0       30,350
1765   LAURELWOOD CT BEDFORD                    2,712      10,280                            8,330           0       19,123
1768   CARLETON CT ANN ARBOR                        0      31,365                           79,824           0       89,770
1770   VALLEYFIELD                                  0      18,655                                0           0       58,825
1772   WENTWORTH ROSEVILLE                          0      24,070                           64,903           0       46,839
1773   WATERBURY WESTLAND                           0      25,958                           41,416           0       74,036
1777   HEATHMOORE INDIANAPOLIS II                   0      23,524                           43,710           0       33,295
1779   AMBERIDGE                                    0       9,876                           21,770           0       34,352
1783   WOODLANDS STREETSBORO II                 3,470       5,461                           23,711           0       18,148
1785   CARLETON CT ERIE                             0      17,858                            8,982           0       27,638
1787   ROSEWOOD COMMONS                             0      23,773                           30,944           0       34,896
1790   WILLOWOOD FRANKFORT II                   8,000      10,413                           20,890           0       10,792
1794   ANNHURST COLUMBUS                            0           0                                0           0       18,334
1799   BEREA TABOR RIDGE                            0      41,165                                0           0       62,508
1801   WILLOWOOD WOOSTER II                         0      11,163                            1,854    (124,933)      15,720
1804   CAMBRIDGE COMMONS                            0       9,501     40,972                     0           0       30,930
1805   OLIVEWOOD INDIANAPOLIS II               17,657      38,057                10,609        643     (42,213)      25,344
1807   BRUNSWICK MONONGALIA                         0      19,173                           11,416           0       18,188
1812   HAMPTON WOODS COLUMBUS                       0      13,197                                0           0       15,816
1813   SUFFOLK GROVE GROVE CITY                 6,420      14,337                12,162     50,679           0       31,950
1815   MONTGOMERY CT COLUMBUS II                    0      16,428     49,563                 1,993           0       24,588
1818   REDWOOD HOLLOW SMYRNA                        0      13,551                            3,355    (131,564)      21,672
1829   CLEARVIEW GREENWOOD                     15,064      22,293     50,375     85,247        161           0       28,309
1832   ANSLEY OAKS                                  0      14,595     36,619                     0           0       36,576
1844   STERLING HGTS OLIVEWOOD                  2,495     189,083               103,863          0           0       75,812
1847   RED DEER FAIRBORN                            0      36,594                           34,506           0       16,560
1851   ASHGROVE STERLING II                     3,672      28,514     17,703                17,703    (184,328)      46,572
1866   HEATHMOORE WAYNE II                      9,865      29,110                           40,086           0       30,450
1875   DOVER PL EASTLAKE IV                     4,300      13,101                           47,271           0       24,226
1905   CAMBRIDGE COMMONS II                         0       5,869                                0           0       30,017
1907   DOGWOOD GLEN MARION II                  17,252      19,551                           47,342    (105,135)      27,333
1916   CLEARVIEW GREENWOOD II                  17,904      14,100     64,715                     0           0       15,985
1928   WOODLANDS COLUMBUS III                       0      29,367                                0           0       37,498
1944   TIMBERCREEK TOLEDO                           0           0                                0           0       32,811
2100   SANFORD CT INVESTORS                         0           0                                0           0       38,568
2106   OLD ARCHER CT                           26,843      27,837                18,008     30,287           0       26,293
2107   PALATKA OAKS                             5,580       2,516                               89           0        9,402
2108   AZALEA HILL                                  0           0                                0           0        8,723
2112   TURKSCAP                                     0       9,187                            2,786           0       15,761
2114   CEDARWOOD                               16,250       8,360                              487           0       14,007
2115   UNIVERSITY SQ                           56,312      10,979                            9,774           0       20,831
2129   NORTHWOOD                               22,080       7,096                              110           0       11,923
2131   ROLLINGWOOD                                  0      10,962                                0           0       20,002
2139   MEADOWOOD II                            17,410      10,066                           29,364           0       19,347
2143   CEDARWOOD II                             7,790       7,550                                0           0       10,452
2153   NOVAWOOD                                 8,202       5,756      4,664                     0           0       22,331
2154   KNOLLWOOD II                                 0           0                                0           0        6,880
2164   PALATKA OAKS II                         10,500       2,768                            1,471           0        7,456
2165   NOVAWOOD II                                  0       8,379                           13,846           0       23,531
2166   WINGWOOD                                     0      10,288      4,098                     0           0       31,516
2172   HEATHERWOOD II                               0       5,155      1,113                     0           0       13,613
2173   COUNTRYSIDE                              8,640       7,641                                0           0       25,543
2174   COUNTRYSIDE II                          34,705      12,791      3,705                     0           0       41,002
2189   HIDDEN PINES                                 0       9,132      1,274                     0           0       21,960
2190   MOSSWOOD                                     0       9,591                           27,906           0       19,268
2191   MOSSWOOD II                                  0      11,477     66,574                     0           0       30,007
2193   SUNRISE                                      0       7,856                                0           0       22,815
2194   SUNRISE II                              14,700       2,223                                0           0       12,836
2196   BRANCHWOOD                                   0      27,322                                0           0       37,024
2199   CONCORD SQ II                           30,406      11,043                              122           0       24,980
2201   LONGWOOD                                29,022       8,099      1,779                     0           0       24,388
2202   LONGWOOD II                              4,604       3,190                                0           0       13,665
2205   BRANDYWYNE E                                 0       4,976      1,735                     0           0       14,080
</TABLE>
<PAGE>
                                      170
<TABLE>
CARDINAL REALTY SERVICES INC
INDIVIDUAL PROPERTY FINANCIAL INFORMATION SUMMARY (UNAUDITED)
BASED ON PROPERTIES OWNED AS OF DECEMBER 31, 1996
<CAPTION>
                                           OTHER FINANCIAL INFORMATION  (CASH BASIS)
                                           -----------------------------------------------------------------------------------------
                                                        Contractual   Sub-      Dis-
                                                           First    ordinated tribution   Excess                     Real
                                             Capital      Mortgage    Debt    to Limited  Cash Flow                  Estate
Prop # Name                                Expenditures  Principal Principal  to Partners Cardinal   Investment      Taxes
====================================================================================================================================

       SYNDICATED
       =================================

<S>    <C>                                    <C>        <C>        <C>        <C>         <C>        <C>            <C>
2212   AMBERWOOD                                4,502       4,824                            2,574           0       15,667
2215   COUNTRYSIDE III                          6,715       4,736      9,422                     0           0       13,490
2218   INDIAN RIDGE                            97,576      11,570                            8,776           0       19,132
2222   SHADOWOOD                                    0       8,308                                0           0       33,322
2224   ROSEWOOD                                     0      12,834                           47,263           0       21,539
2226   SPRINGTREE                              44,619       4,354        864                     0           0       29,471
2230   RIVERWOOD                                    0      10,415                            6,340           0       19,936
2231   APPLEWOOD                                9,198      13,927                                0           0       21,997
2234   WINDRUSH                                17,250       5,356                            9,618           0       18,489
2235   HERONWOOD                               33,120       5,879                            6,039           0       17,179
2237   SANDPIPER II                             3,596      17,256                                0           0       24,502
2240   BAYSIDE                                      0       6,314      1,484                     0           0       20,494
2242   DEERWOOD                                     0       6,105      3,188                     0           0       11,164
2244   CANDLELIGHT                             41,859       4,140      1,114                     0     (68,936)      22,173
2246   GARDEN TERRACE II                       27,666       9,035                            2,606           0       20,946
2247   INDIAN RIDGE II                         36,531       6,483                                0           0       13,756
2249   SHADOWOOD II                                 0       6,520                            9,226           0       33,128
2251   STRAWBERRY PL                                0       8,832                                0           0       15,868
2253   CRYSTAL CT                                   0       9,416      2,195                     0           0       21,967
2254   TURKSCAP III                             7,240       3,215     36,745                     0           0       17,754
2265   PINE LAKE                                    0       3,099     16,084                     0           0       12,551
2284   CAPITAL RIDGE                           88,095      15,871                            9,824           0       27,204
2285   WOODLAND                                 5,354      14,919     14,375                     0           0       29,858
2288   SHADOW RIDGE                            28,805      10,606                            7,718           0       24,413
2295   HICKORY PL                              12,873      20,634                           37,380           0       26,733
2300   PINE TERRACE                                 0       8,255                           56,474           0       18,853
2301   PALM PL                                      0      22,660                                0           0       35,995
2309   THE LANDINGS                                 0       9,447                           25,598           0       20,957
2311   ASTORWOOD                                    0      10,096     32,430                     0     (78,494)      32,152
2312   PINELLAS PINES                               0      11,352                                0           0       36,348
2313   SPRING GATE                                  0      15,983                           24,660           0       15,190
2314   GARDEN TERRACE III                      82,413      12,675                            9,858           0       29,818
2340   SHADOW BAY                                   0      17,247                                0           0       19,453
2341   TERRACE TRACE                           12,275      18,287                           33,728           0       28,075
2343   KINGS CROSSING                          29,810      12,535     13,200                     0           0       23,841
2344   ELMWOOD                                    865      16,810                                0           0       28,046
2355   NOVA GLEN                                4,229       8,802      2,326                     0           0       26,818
2363   MORNINGSIDE II                          43,491       8,905                                0           0       67,969
2365   APPLEWOOD II                             4,980           0                                0           0       35,326
2376   MOULTRIE                                19,922      11,358                           58,137           0       20,579
2379   SUGARTREE                                  650       7,605     22,201                     0           0       24,851
2387   SOUTHGATE                                    0      20,294                           48,930           0       46,063
2399   SUTTON PL                                6,253       6,634      1,499                     0           0       18,097
2405   DRIFTWOOD                                    0       3,347     83,629                     0           0       21,421
2407   PINE MEADOWS                                 0      17,471                           21,321           0       19,326
2411   ELMWOOD II                              45,921      12,356                                0           0       27,059
2412   PARKWAY N                               18,760       5,253                            8,995           0       18,144
2416   PINE TERRACE II                              0       7,192                           28,911           0       14,332
2422   HILLVIEW TERRACE                         3,910       9,068     25,255                   304     (68,260)      14,324
2427   HILLCREST VILLA                          4,515       6,270     49,389                     0           0       15,850
2429   CYPRESS                                 41,945      11,116     21,852                     0           0       13,842
2431   OLYMPIAN VIL                                 0      29,000                                0           0       58,025
2432   SILVER FOREST                           10,560       7,103      1,631                     0    (138,956)      13,925
2438   BERRY PINES                                  0      16,276                           19,255           0       20,817
2439   OAK RIDGE                                2,221       8,634     18,565                     0           0       18,583
2441   OAK SHADE                               12,990      24,096                           42,434           0       33,378
2442   HOLLY SANDS                             56,351      16,654                           59,987           0       18,968
2443   BROADVIEW OAKS                          46,125      15,089                                0           0       28,476
2444   THYMEWOOD                                    0      18,784     36,035                     0           0       59,273
2446   SHADOW BAY II                           14,465       6,814     36,205                     0           0       20,804
2447   CANDLELIGHT II                          10,436       5,175      1,196                     0     (91,799)      24,612
2449   SUGARTREE II                             1,940      13,589                           61,288           0       23,513
2451   WINTER WOODS                                 0      15,579                                0           0       18,514
2452   WOODLAND II                              4,561      12,546      2,789                     0           0       28,114
2454   BEL AIRE                                     0      14,519      1,535                     0           0       35,201
2459   CLEARLAKE PINES II                      16,930       9,138                                0           0       21,248
</TABLE>
<PAGE>
                                      171
<TABLE>
CARDINAL REALTY SERVICES INC
INDIVIDUAL PROPERTY FINANCIAL INFORMATION SUMMARY (UNAUDITED)
BASED ON PROPERTIES OWNED AS OF DECEMBER 31, 1996
<CAPTION>
                                           OTHER FINANCIAL INFORMATION  (CASH BASIS)
                                           -----------------------------------------------------------------------------------------
                                                        Contractual   Sub-      Dis-
                                                           First    ordinated tribution   Excess                     Real
                                             Capital      Mortgage    Debt    to Limited  Cash Flow                  Estate
Prop # Name                                Expenditures  Principal Principal  to Partners Cardinal   Investment      Taxes
====================================================================================================================================

       SYNDICATED
       =================================

<S>    <C>                                    <C>       <C>         <C>        <C>        <C>        <C>           <C>
2460   MANCHESTER                              14,225       9,833     11,486                     0           0       24,908
2461   RANCHSIDE                               15,782      11,286                           20,332           0       19,707
2464   ESSEX SQ                                 5,294      19,793                 1,836     77,880           0       20,867
2465   WESTCREEK                               15,465      14,112      3,268                     0           0       34,697
2466   SKY PINES                                4,769      23,729                           14,376           0       32,101
2470   RIVERS END                              30,890      41,335                            8,864           0       23,612
2471   BRIDGE POINT                            10,534      14,848                            8,923           0       23,630
2478   NOVA GLEN II                                 0      21,100                                0           0       31,612
2483   OAKWOOD MANOR                            4,200      13,598                                0           0       37,191
2484   HOLLY RIDGE                                  0      23,514      4,430                     0           0       54,073
2488   HIGH POINTS                                750      17,372                                0           0       36,698
2499   WINTER WOODS II                              0       4,503                                0           0       14,038
2502   PALM SIDE                                    0       6,567                           16,956           0       32,658
2574   PALM BAY/WINDWOOD II                    28,340       3,353        764                     0           0       25,476
3101   MEADOWOOD NORCROSS                           0      31,968                           91,927           0       21,652
3102   CEDARGATE LAWRENCEVILLE                 14,590      31,296                           22,654           0       25,017
3104   WILLOW RUN DEKALB                            0      10,585                                0    (313,801)      26,690
3108   FOREST VIL BIBB                          3,475      39,951     14,811                     0           0       23,963
3109   RIDGEWOOD DEKALB                         5,044      17,855                           28,349           0       24,663
3111   IRIS GLEN ROCKDALE                           0      16,440                                0    (255,920)      33,134
3112   MEADOWLAND CLARKE                       27,540      17,415                           61,881           0       17,760
3114   WILLOWOOD MILLEDGEVILLE                      0      14,115                           32,804           0       13,895
3115   MEADOWOOD NORCROSS II                        0      29,066     11,521                     0           0       26,134
3116   VALLEYFIELD DEKALB                           0      11,403                           15,000           0       24,605
3117   NORWOOD GWINNETT                             0      24,411                           43,982           0       30,893
3118   SHADOW TRACE DEKALB                          0      16,607                41,585     19,490           0       27,533
3120   OAKLEY WOODS UNION CITY                 22,570       5,504                            7,382           0       24,573
3121   ELMWOODS MARIETTA                            0      28,272                           19,357           0       14,242
3122   WOOD TRAIL NEWMAN                            0      34,134                           74,005           0       18,145
3123   REDAN VIL DEKALB                        14,366      32,799                           61,721           0       28,549
3124   BARRINGTON DEKALB                            0       9,115                           11,252    (140,137)       8,917
3125   STRATFORD LANE COLUMBUS                      0      33,132                           27,764           0       23,662
3127   WOODCLIFF LILBURN                            0      40,674                           73,995           0       29,191
3128   WOODCREST                                    0      18,929                           37,346           0       21,363
3130   RAMBLEWOOD RICHMOND                        972      18,281                            1,893           0       16,449
3131   COUNTRYSIDE MANOR                            0      40,906                           86,070           0       23,150
3132   WINDSOR VIL                                  0           0                                0           0       23,550
3135   WATERBURY CLARKE                        21,265      13,593     28,817                11,663           0       15,322
3136   BURNSBROOKE ATHENS                       1,603      20,861                                0           0       19,935
3137   GENTIAN OAKS COLUMBUS                        0      22,492                                0           0       22,042
3138   WILLOW CREEK GRIFFIN                         0      10,182                           22,389           0       11,362
3139   TIMBERWOODS PERRY                            0       2,480     33,410                     0           0       12,901
3140   CARRIAGE HILLS DUBLIN                        0      24,360                                0           0       11,922
3141   HILLANDALE MANOR DEKALB                      0      18,689                           66,794           0       18,657
3142   WHISPERWOOD CORDELE                          0      21,527                                0           0       16,282
3143   OAKWOOD VIL RICHMOND                         0      31,917      8,668                   803           0       11,809
3145   PINE KNOLL CLAYTON                           0       8,474                           67,351           0       21,937
3149   HARBINWOOD GWINNETT                      9,392      19,900                           35,033           0       27,272
3150   PARKWOOD VIL                                 0      15,387                           23,365           0       20,459
3151   AMBERWOOD BARTOW                             0      31,236     48,876                 3,894           0       10,306
3152   WOOD VALLEY CALHOUN                          0       9,720     29,936                     0           0        7,873
3153   NORTHRIDGE CARROLLTON                        0      26,756                           64,619           0       19,316
3154   HILLSIDE MANOR AMERICUS                      0      19,395                            7,828           0       12,515
3156   VALLEYFIELD DEKALB II                   20,504       4,366     80,484                34,441           0       25,131
3158   WOODCLIFF LILBURN II                         0      10,176     56,804                     0           0       28,971
3159   FOREST RIDGE RICHMOND                        0           0                                0           0       10,157
3160   SHANNON WOODS UNION CITY II                  0       6,752                35,421     46,257           0       27,855
3161   HOLLY PARK COLUMBUS                          0      16,342     24,719                     0           0       18,917
3162   REDAN VIL DEKALB II                          0      22,326                          104,236           0       27,047
3163   RIDGEWOOD DEKALB II                          0       3,007                              254    (120,644)      19,610
3168   KNOX LANDING KNOXVILLE                  34,093      18,975                            1,114           0       35,606
3176   MORGAN TRACE UNION CITY                      0      17,060                           76,373           0       39,703
3184   AMBERWOOD II                                 0      16,652                            9,801           0        9,859
3197   PARKWOOD VIL II                              0      14,809               110,789     59,433           0       17,825
3200   SKYRIDGE                                18,219      38,805                     0    250,599           0       35,827
3266   MARSH LANDING                           10,158      29,527                                0           0       10,592
</TABLE>
<PAGE>
                                      172
<TABLE>
CARDINAL REALTY SERVICES INC
INDIVIDUAL PROPERTY FINANCIAL INFORMATION SUMMARY (UNAUDITED)
BASED ON PROPERTIES OWNED AS OF DECEMBER 31, 1996
<CAPTION>
                                           OTHER FINANCIAL INFORMATION  (CASH BASIS)
                                           -----------------------------------------------------------------------------------------
                                                        Contractual   Sub-      Dis-
                                                           First    ordinated tribution   Excess                     Real
                                             Capital      Mortgage    Debt    to Limited  Cash Flow                  Estate
Prop # Name                                Expenditures  Principal Principal  to Partners Cardinal   Investment      Taxes
====================================================================================================================================

       SYNDICATED
       =================================

<S>    <C>                                 <C>         <C>        <C>        <C>        <C>        <C>           <C>
3269   WOODSIDE                                38,430      11,830                           79,563           0        7,284
3270   GREENTREE                               35,772       7,922                                0           0        9,366
3271   STILLWATER                                   0       4,578                           11,372     (76,793)      23,564
3353   RAMBLEWOOD II                           21,034       5,857                           50,982           0        4,570
3358   LINK TERRACE                            17,690      10,293                            4,241           0       23,515
3366   GREENTREE II                            44,884       5,813                                0     (16,466)       6,738
3378   SUNNYSIDE                                    0      12,203                           47,179           0       14,974
3409   QUAIL CALL                              16,649       5,191                           26,251           0       14,432
3428   WESTWAY                                 25,720      28,371                           33,386           0       14,170
3430   CAMDEN WAY                              21,302       5,566                                0           0        9,659
3450   CAMDEN WAY II                           34,620      22,149                                0           0        7,462
4101   FORSYTHIA CT HARFORD                         0      28,801                                0    (382,502)      25,920
4149   GLEN HOLLOW GLEN BURNIE                      0      21,291                                0           0       18,784
4708   ANNHURST HARFORD                             0      17,235                           58,268           0       23,524

                                        ------------- ----------- ---------- ---------- ---------- ------------ -----------
409                                        $3,236,122  $5,925,445 $1,433,783 $1,094,093 $7,325,849 $(5,484,904)  $9,304,852
                                        ------------- ----------- ---------- ---------- ---------- ------------ -----------
</TABLE>