<PAGE> 1
Filed Pursuant to Rule 424(b)(3)
Registration Statement No. 333-60355
Prospectus Supplement To
Prospectus Supplement dated March 31, 1999
To Prospectus dated March 26, 1999
PROSPECTUS SUPPLEMENT
(TO PROSPECTUS SUPPLEMENT DATED MARCH 31, 1999
TO PROSPECTUS DATED MARCH 26, 1999)
AIMCO PROPERTIES, L.P.
In connection with the exchange offer for Four Quarters Habitat
Apartment Associates, Ltd. described in the Prospectus Supplement and Prospectus
referred to above, we can now offer to acquire your units for $15,090 in cash,
401.25 of our Partnership Common Units, 603.75 of our Class Two Partnership
Preferred Units, or any combination thereof. Previously we could offer you only
the cash consideration, but not our Partnership Common Units or Class Two
Partnership Preferred Units because the securities administrator in Michigan had
not yet approved our offering of such securities in your state. We have now
received such approval and can now offer you a choice of consideration.
THEREFORE, AT THIS TIME, YOU CAN ELECT TO RECEIVE IN EXCHANGE FOR EACH UNIT IN
YOUR PARTNERSHIP, $15,090 IN CASH, 401.25 OF OUR PARTNERSHIP COMMON UNITS,
603.75 OF OUR CLASS TWO PARTNERSHIP PREFERRED UNITS, OR ANY COMBINATION THEREOF.
IF YOU ACCEPT OUR OFFER, PLEASE INDICATE ON THE ENCLOSED LETTER OF
TRANSMITTAL WHICH CONSIDERATION YOU ELECT. If you have already sent a Letter of
Transmittal and want to accept a consideration other than cash, you must
complete a new Letter of Transmittal with a later date. If you have any
questions regarding the Letter of Transmittal, please contact the Information
Agent, River Oaks Partnership Services, Inc., toll free, at (888) 349-2005.
May 28, 1999
