"Same store" sales for the REIT's 552 apartment communities,which total 151,398 units, reflect a 5.1% increase in revenues,3.7% increase in operating expenses and a 5.9% increase in netoperating income between second quarter 2000 and 1999. There was aslight change in the communities' weighted average physicaloccupancy while the average monthly rental of $642 per occupiedunit reflects a 4.9% increase from last year.
In the second quarter, Aimco finalized $207 million inacquisitions, dispositions and mortgage financing transactions. TheREIT bought $43 million in limited partnership interests and soldsix apartment communities and six commercial properties for $75million. New mortgage and loan assumptions totaled $89 million forthe quarter.
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