EXHIBIT 10.19


                             ASSIGNMENT RELATING TO
                         PROPERTY MANAGEMENT AGREEMENTS

     This  Assignment   Relating  to  Property   Management   Agreements   (this
"Assignment")  is made as of December 29, 1997,  by and among Apple  Residential
Income  Trust,  Inc.,  a  Virginia  corporation  ("Apple"),   Apple  Residential
Management  Group,  Inc., a Virginia  corporation  ("ARMG"),  Apple REIT Limited
Partnership, a Virginia limited partnership ("Apple LP"), and Cornerstone Realty
Income Trust, Inc., a Virginia corporation ("Cornerstone"), and provides:

                                    RECITALS

     A.   Apple,  ARMG  and  Cornerstone  are  parties  to  a  certain  Property
          Management  Agreement  Subcontract  dated  as of March  1,  1997  (the
          "Subcontract")  pertaining to certain Property Management  Agreements,
          as defined therein.

     B.   Effective as of the date of this Assignment,  Apple has transferred to
          Apple LP the properties that are the subject of the currently-existing
          Property Management Agreements and, in connection  therewith,  desires
          to assign and transfer to Apple LP all of its rights and interests in,
          to and under the  currently-existing  Property Management  Agreements,
          subject to the  obligations  and limitations  contained  therein,  and
          subject to the subcontract arrangement set forth in the Subcontract.

     C.   ARMG and  Cornerstone  are  willing to consent to the  assignment  and
          transfer referred to in the preceding paragraph,  with the result that
          Cornerstone will, pursuant to the Subcontract and this Assignment,  be
          rendering to Apple LP the duties owed by the  "Manager" to the "Owner"
          under  the  terms  of  the  currently  existing  Property   Management
          Agreements.

     D.   The parties hereto further desire to amend the  Subcontract to provide
          that the term "Property  Management  Agreements," as defined  therein,
          will include any Property Management Agreements pursuant to which ARMG
          has agreed to provide property management services to Apple LP.

     NOW THEREFORE,  in consideration of the foregoing,  of the mutual covenants
and agreements contained herein, and other good and valuable consideration,  the
parties hereby agree and consent as follows:

     1.   Capitalized  terms used and not defined  herein have the  meanings set
          forth in the Subcontract.


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     2.   Apple does  hereby  assign and  transfer to Apple LP all of its rights
          and  interests  in, to and under the  Property  Management  Agreements
          existing  as of the date  hereof,  subject to all of its  obligations,
          responsibilities   and  liabilities   therein,   and  subject  to  the
          subcontract arrangement set forth in the Subcontract.

     3.   ARMG and Cornerstone  consent to the assignment and transfer  referred
          to in the preceding Section 2.

     4.   The term  "Property  Management  Agreements,"  as used in the Property
          Management Agreement Subcontract,  shall include, in addition to those
          described therein, any Property Management Agreement pursuant to which
          ARMG has agreed to provide property management services to Apple LP as
          owner of one or more apartment communities acquired by Apple LP.

     5.   The  intent of this  Assignment  is that  Cornerstone  shall  have all
          duties  and  obligations  of ARMG  under  the  terms  of the  Property
          Management  Agreements  (from and after March 1, 1997 with  respect to
          Property  Management  Agreements in effect on such date,  and from and
          after the date of the respective  Property  Management  Agreement with
          respect to any Property Management  Agreement entered into after March
          1,  1997),  and to  confer  upon  Cornerstone  all of the  correlative
          rights, powers and benefits,  including, without limitation, the right
          to  receive  all  fees and  expense  reimbursements,  conferred  by or
          provided for in the Property Management Agreements,  whether the owner
          of the  several  properties  is Apple or Apple LP, and this  Agreement
          shall be interpreted and construed consistently with such intent.


     IN WITNESS  WHEREOF,  the parties  hereto have executed this  Assignment by
their duly authorized officers as of the date first written above.

                                       APPLE RESIDENTIAL INCOME TRUST, INC.,
                                         a Virginia corporation

                                        By:   /s/ Glade M. Knight
                                           ---------------------------------
                                        Title:     Chairman
                                              ------------------------------


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                                       APPLE RESIDENTIAL MANAGEMENT GROUP, INC.,
                                         a Virginia corporation

                                       By:     /s/ Glade M. Knight
                                          ---------------------------------
                                       Title:        President
                                             -----------------------------

                                       CORNERSTONE REALTY INCOME TRUST, INC.,
                                         a Virginia corporation

                                       By:    /s/ Stanley J. Olander, Jr.
                                          ---------------------------------
                                       Title:      Chief Financial Officer
                                             ------------------------------

                                       APPLE REIT LIMITED PARTNERSHIP,
                                         a Virginia limited partnership

                                       By: Apple General, Inc., general partner

                                       By:     /s/ Glade M. Knight
                                          ---------------------------------
                                       Title:        President
                                             ------------------------------