PROPERTY OWNERS AND MANAGERS SURVEY
                        MULTI FAMILY PROPERTIES:  TURNOVER RATE IN 
                                        LAST 12 MONTHS - TABLE 23
    
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      !                     !          !          TYPE OF MULTI FAMILY PROPERTY                   !
      !                     !          !__________________________________________________________!
      !                     !  TOTAL   !         !        !        !         !          ! 50 OR   !
      !                     ! UNITED   !         ! 3 TO 4 ! 5 TO 9 ! 10 TO 19! 20 TO 49 ! MORE    !
      !                     ! STATES   ! 2 UNITS ! UNITS  ! UNITS  !  UNITS  !  UNITS   ! UNITS   !
      !___________________________________________________________________________________________!
      !TOTAL UNITED STATES  ! 20584822 ! 3084750 !2471070 !1894445 ! 1467786 !  2223786 ! 9442986 !
      !___________________________________________________________________________________________!
      !TURNOVER RATE IN LAST!          !         !        !        !         !          !         !
      !12 MONTHS            !          !         !        !        !         !          !         !
      !_____________________!          !         !        !        !         !          !         !
      !NONE                 !  3238357 ! 1721279 ! 816854 ! 369674 !  126361 !    83104 !  121085 !
      !___________________________________________________________________________________________!
      !LESS THAN 5 PCT      !  3952348 !  380120 ! 561266 ! 406613 !  408134 !   656330 ! 1539885 !
      !___________________________________________________________________________________________!
      !5 TO 9 PCT           !  2337026 !   51834 !  59607 ! 192474 !  224265 !   335248 ! 1473598 !
      !___________________________________________________________________________________________!
      !10 TO 19 PCT         !  2367617 !   34808 ! 116748 ! 193401 !  207537 !   351783 ! 1463340 !
      !___________________________________________________________________________________________!
      !20 TO 49 PCT         !  3141324 !   41859 ! 327186 ! 233406 !  171692 !   353507 ! 2013674 !
      !___________________________________________________________________________________________!
      !50 PCT OR MORE       !  2150258 !  303294 ! 221649 ! 128628 !   81903 !   158509 ! 1256275 !
      !___________________________________________________________________________________________!
      !DONT KNOW            !  1761597 !  121944 ! 162075 ! 170592 !  114469 !   161151 ! 1031366 !
      !___________________________________________________________________________________________!
      !NOT REPORTED         !  1636295 !  429612 ! 205685 ! 199657 !  133423 !   124155 !  543763 !
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