EXHIBIT 7.8 AGREEMENT OF JOINT FILING Cooper River Properties, L.L.C., Insignia Properties, L.P., Insignia Properties Trust, Broad River Properties, L.L.C., AIMCO Properties, L.P., AIMCO-GP, Inc. and Apartment Investment and Management Company agree...

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                                                                     EXHIBIT 7.8

                            AGREEMENT OF JOINT FILING

         Xxxxxx River Properties, L.L.C., Insignia Properties, L.P., Insignia
Properties Trust, Broad River Properties, L.L.C., AIMCO Properties, L.P.,
AIMCO-GP, Inc. and Apartment Investment and Management Company agree that the
amendment to the Statement on Schedule 13D to which this Agreement is attached
as an exhibit, and all future amendments to this Statement, shall be filed on
behalf of each of them. This Agreement is intended to satisfy Rule 13d-1(f)
under the Securities Exchange Act of 1934, as amended. This Agreement may be
executed in any number of counterparts, each of which shall be deemed an
original, but all of which together shall constitute one and the same
instrument. 

Dated: January 22, 1999


                                            XXXXXX RIVER PROPERTIES, L.L.C.

                                            By:   AIMCO Properties, L.P.,
                                                  its managing member

                                            By:   AIMCO-GP, Inc.,
                                                  its General Partner


                                            By:   /s/ XXXXXXX X. XXXX
                                                  ----------------------------
                                                  Xxxxxxx X. Xxxx
                                                  Executive Vice President


                                            INSIGNIA PROPERTIES, L.P.

                                            By:   Insignia Properties Trust,
                                                  its General Partner


                                            By:   /s/ XXXXXXX X. XXXX
                                                  ----------------------------
                                                  Xxxxxxx X. Xxxx
                                                  Executive Vice President


                                            INSIGNIA PROPERTIES TRUST


                                            By:   /s/ XXXXXXX X. XXXX
                                                  ----------------------------
                                                  Xxxxxxx X. Xxxx
                                                  Executive Vice President




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                                            BROAD RIVER PROPERTIES, L.L.C.

                                            By:   AIMCO Properties, L.P.,
                                                  its managing member

                                            By:   AIMCO-GP, Inc.,
                                                  its General Partner


                                            By:   /s/ XXXXXXX X. XXXX
                                                  ----------------------------
                                                  Xxxxxxx X. Xxxx
                                                  Executive Vice President


                                            AIMCO PROPERTIES, L.P.

                                            By:   AIMCO-GP, Inc.,
                                                  its General Partner


                                            By:   /S/ XXXXXXX X. XXXX
                                                  Xxxxxxx X. Xxxx
                                                  Executive Vice President


                                            AIMCO-GP, INC.


                                            By:   /s/ XXXXXXX X. XXXX
                                                  ----------------------------
                                                  Xxxxxxx X. Xxxx
                                                  Executive Vice President


                                            APARTMENT INVESTMENT AND
                                            MANAGEMENT COMPANY


                                            By:   /s/ XXXXXXX X. XXXX
                                                  ----------------------------
                                                  Xxxxxxx X. Xxxx
                                                  Executive Vice President