PROPERTY OWNERS AND MANAGERS SURVEY
                      MULTI FAMILY PROPERTIES:  METHOD OF FINANCING
                                      TABLE 81
    
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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 !
    !___________________________________________________________________________________________!
    !METHOD OF FINANCING  !          !         !        !        !         !          !         !
    !_____________________!          !         !        !        !         !          !         !
    !ACQUIRED (NOT BY     ! 20027344 ! 2890022 !2312666 !1815033 ! 1436496 !  2175792 ! 9397335 !
    !INHERITANCE OR GIFT)*!          !         !        !        !         !          !         !
    !___________________________________________________________________________________________!
    ! PLACED ONE NEW      !  8209006 ! 1772444 !1314922 ! 876050 !  494539 !   857210 ! 2893841 !
    ! MORTGAGE            !          !         !        !        !         !          !         !
    !___________________________________________________________________________________________!
    ! PLACED TWO OR MORE  !   766492 !   63900 !  77042 ! 104297 !   71664 !   109057 !  340532 !
    ! NEW MORTGAGES       !          !         !        !        !         !          !         !
    !___________________________________________________________________________________________!
    ! ASSUMED A MORTGAGE  !   854671 !  121811 ! 132031 ! 101440 !  103917 !    96218 !  299254 !
    !___________________________________________________________________________________________!
    ! ASSUMED A MORTGAGE  !   336263 !   35063 !  37723 !  44189 !   28242 !    66809 !  124237 !
    ! AND PLACED A NEW    !          !         !        !        !         !          !         !
    ! MORTGAGE            !          !         !        !        !         !          !         !
    !___________________________________________________________________________________________!
    ! BORROWED CASH USING !   384211 !   85512 !  84867 !  68717 !   47059 !    15335 !   82721 !
    ! OTHER ASSETS AS     !          !         !        !        !         !          !         !
    ! COLLATERAL          !          !         !        !        !         !          !         !
    !___________________________________________________________________________________________!
    ! PAID ALL CASH       !  1053162 !  289666 ! 153783 ! 101010 !   63064 !    90453 !  355186 !
    !___________________________________________________________________________________________!
    ! OTHER MEANS         !   969893 !  121432 !  95844 !  91525 !  109103 !   115262 !  436727 !
    !___________________________________________________________________________________________!
    ! NOT REPORTED*       !  7453646 !  400197 ! 416453 ! 427803 !  518907 !   825448 ! 4864838 !
    !___________________________________________________________________________________________!
    !ACQUIRED BY          !   557478 !  194726 ! 158405 !  79412 !   31290 !    47994 !   45651 !
    !INHERITANCE OR GIFT  !          !         !        !        !         !          !         !
    !___________________________________________________________________________________________!
    
     *NOTE: Includes not reported for method of acquisition