<TABLE> <S> <C>
<PAGE>
<ARTICLE> 5
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FINANCIAL STATEMENTS FOR CAMBRIDGE + RELATED HOUSING PROPERTIES L.P. AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS
</LEGEND>
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> FEB-28-2001
<PERIOD-START> MAR-01-2000
<PERIOD-END> AUG-31-2000
<CASH> 8,672,320
<SECURITIES> 0
<RECEIVABLES> 197,745
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 586,351
<PP&E> 79,451,894
<DEPRECIATION> 42,334,469
<TOTAL-ASSETS> 46,573,841
<CURRENT-LIABILITIES> 3,718,821
<BONDS> 87,163,877
0
0
<COMMON> 0
<OTHER-SE> (44,308,857)
<TOTAL-LIABILITY-AND-EQUITY> 46,573,841
<SALES> 0
<TOTAL-REVENUES> 9,769,002
<CGS> 0
<TOTAL-COSTS> 0
<OTHER-EXPENSES> 7,055,069
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 1,573,648
<INCOME-PRETAX> 1,140,285
<INCOME-TAX> 0
<INCOME-CONTINUING> 0
<DISCONTINUED> 0
<EXTRAORDINARY> 3,545,978
<CHANGES> 0
<NET-INCOME> 4,657,655
<EPS-BASIC> 459.36
<EPS-DILUTED> 0
</TABLE>