EXHIBIT 7.11 AGREEMENT OF JOINT FILING Cooper River Properties, L.L.C., Insignia Properties, L.P., Insignia Properties Trust, Madison River Properties, L.L.C., AIMCO Properties, L.P., AIMCO-GP, Inc. and Apartment Investment and Management Company...

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                                                                    EXHIBIT 7.11

                            AGREEMENT OF JOINT FILING

         ▇▇▇▇▇▇ River Properties, L.L.C., Insignia Properties, L.P., Insignia
Properties Trust, Madison 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


                                               ▇▇▇▇▇▇ RIVER PROPERTIES, L.L.C.

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

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


                                               By:   /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇
                                                     --------------------------
                                                     ▇▇▇▇▇▇▇ ▇. ▇▇▇▇
                                                     Executive Vice President


                                               INSIGNIA PROPERTIES, L.P.

                                               By:   Insignia Properties Trust,
                                                     its General Partner


                                               By:   /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇
                                                     --------------------------
                                                     ▇▇▇▇▇▇▇ ▇. ▇▇▇▇
                                                     Executive Vice President


                                               INSIGNIA PROPERTIES TRUST


                                               By:   /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇
                                                     --------------------------
                                                     ▇▇▇▇▇▇▇ ▇. ▇▇▇▇
                                                     Executive Vice President




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                                               MADISON RIVER PROPERTIES, L.L.C.

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

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


                                               By:   /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇
                                                     --------------------------
                                                     ▇▇▇▇▇▇▇ ▇. ▇▇▇▇
                                                     Executive Vice President


                                               AIMCO PROPERTIES, L.P.

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


                                               By:   /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇
                                                     --------------------------
                                                     ▇▇▇▇▇▇▇ ▇. ▇▇▇▇
                                                     Executive Vice President


                                               AIMCO-GP, INC.


                                               By:   /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇
                                                     --------------------------
                                                     ▇▇▇▇▇▇▇ ▇. ▇▇▇▇
                                                     Executive Vice President


                                               APARTMENT INVESTMENT AND
                                               MANAGEMENT COMPANY


                                               By:   /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇
                                                     --------------------------
                                                     ▇▇▇▇▇▇▇ ▇. ▇▇▇▇
                                                     Executive Vice President