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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0000922864-06-000148.txt : 20061108
<SEC-HEADER>0000922864-06-000148.hdr.sgml : 20061108
<ACCEPTANCE-DATETIME>20061108093619
ACCESSION NUMBER:		0000922864-06-000148
CONFORMED SUBMISSION TYPE:	4/A
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20040929
FILED AS OF DATE:		20061108
DATE AS OF CHANGE:		20061108

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CENTURY PROPERTIES FUND XVI
		CENTRAL INDEX KEY:			0000351931
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE [6500]
		IRS NUMBER:				942704651
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		55 BEATTIE PLACE
		STREET 2:		P O BOX 1089
		CITY:			GREENVILLE
		STATE:			SC
		ZIP:			29602
		BUSINESS PHONE:		8642391000

	MAIL ADDRESS:	
		STREET 1:		55 BEATTIE PLACE
		STREET 2:		P O BOX 1089
		CITY:			GREENVILLE
		STATE:			SC
		ZIP:			29602

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			APARTMENT INVESTMENT & MANAGEMENT CO
		CENTRAL INDEX KEY:			0000922864
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-10435
		FILM NUMBER:		061195737

	BUSINESS ADDRESS:	
		STREET 1:		4582 SOUTHULSTER ST PARKWAY
		CITY:			DENVER
		STATE:			CO
		ZIP:			80237
		BUSINESS PHONE:		3037578101

	MAIL ADDRESS:	
		STREET 1:		4582 S ULSTER ST PARKWAY
		CITY:			DENVER
		STATE:			CO
		ZIP:			80237
</SEC-HEADER>
<DOCUMENT>
<TYPE>4/A
<SEQUENCE>1
<FILENAME>edgar.xml
<DESCRIPTION>PRIMARY DOCUMENT
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4/A</documentType>

    <periodOfReport>2004-09-29</periodOfReport>

    <dateOfOriginalSubmission>2004-10-22</dateOfOriginalSubmission>

    <issuer>
        <issuerCik>0000351931</issuerCik>
        <issuerName>CENTURY PROPERTIES FUND XVI</issuerName>
        <issuerTradingSymbol>NONE</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0000922864</rptOwnerCik>
            <rptOwnerName>APARTMENT INVESTMENT &amp; MANAGEMENT CO</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>4582 SOUTH ULSTER STREET PARKWAY</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 1100</rptOwnerStreet2>
            <rptOwnerCity>DENVER</rptOwnerCity>
            <rptOwnerState>CO</rptOwnerState>
            <rptOwnerZipCode>80237</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Limited Partnership Units</value>
            </securityTitle>
            <transactionDate>
                <value>2004-09-29</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
                <footnoteId id="F1"/>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>13</value>
                    <footnoteId id="F2"/>
                </transactionShares>
                <transactionPricePerShare>
                    <value>99.00</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>84849.69</value>
                    <footnoteId id="F3"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See Footnote Below</value>
                    <footnoteId id="F4"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">These Limited Partnership Units (&quot;Units&quot;) were directly purchased by AIMCO Properties, L.P. (&quot;AIMCO Properties&quot;).</footnote>
        <footnote id="F2">This Amendement is being filed to correct the Form 4 filed October 22, 2004.  The Amount of Securities Acquired in column 4 incorrectly indicated 3 Units were Acquired.  The column should have shown 13 Units.</footnote>
        <footnote id="F3">This Amendment is being filed to correct the Form 4 filed on October 22, 2004.  The Amount of Securities Beneficially owned in Column 5 incorrectly indicated 84,839.69.  The column should have shown 84,849.69, consisting of 37,361.01 Units held by AIMCO Properties; and 47,488.68 Units held by AIMCO IPLP, L.P. (&quot;IPLP&quot;).</footnote>
        <footnote id="F4">AIMCO Properties is a joint filer with AIMCO-GP, Inc. (&quot;AIMCO-GP&quot;) and Apartment Investment and Management Company (&quot;AIMCO&quot;) for purposes of Section 13(d) reporting of the Exchange Act.  AIMCO-GP is the sole general partner of AIMCO Properties and a wholly-owned subsidiary of AIMCO.  IPLP is a joint filer with AIMCO/IPT, Inc. (&quot;AIMCO/IPT&quot;) and AIMCO for purposes of Section 13(d) reporting of the Exchange Act.  AIMCO/IPT is the sole general partner of IPLP and a wholly-owned subsidiary of AIMCO.  Fox is a joint filer with AIMCO/IPT and AIMCO for purposes of Section 13(d) reporting of the Exchange Act.  Fox is a wholly-owned subsidiary of AIMCO/IPT, which is a wholly-owned subsidiary of AIMCO.  Madison is a joint filer with AIMCO, AIMCO/IPT and IPLP for purposes of Section 13(d) reporting of the Exchange Act.  Madison is a wholly-owned subsidiary of IPLP, whose sole general partner is AIMCO/IPT, a wholly-owned subsidiary of AIMCO.</footnote>
    </footnotes>

    <remarks></remarks>

    <ownerSignature>
        <signatureName>/s/ Derek McCandless, Vice President and Assistant Secretary, Apartment Investment and Management Company</signatureName>
        <signatureDate>2006-11-08</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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