UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 10-Q

(Mark One)

[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2012

[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from _________to _________

Commission file number 0-11935

CENTURY PROPERTIES FUND XIX, LP

(Exact name of registrant as specified in its charter)

Delaware	94-2887133
(State or other jurisdiction of	(I.R.S. Employer
incorporation or organization)	Identification No.)

80 International Drive, PO Box 1089

Greenville, South Carolina 29602

(Address of principal executive offices)

(864) 239-1000

(Registrant’s telephone number, including area code)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

[X] Yes [ ] No

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). [X] Yes [ ] No

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer”, “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer [ ]

Accelerated filer [ ]

Non-accelerated filer [ ]

(Do not check if a smaller reporting company)

Smaller reporting company [X]

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). [ ] Yes [X] No

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for forward-looking statements in certain circumstances. Certain information included in this Quarterly Report contains or may contain information that is forward-looking within the meaning of the federal securities laws, including, without limitation, statements regarding the Partnership’s ability to maintain current or meet projected occupancy, rental rates and property operating results and the effect of redevelopments. Actual results may differ materially from those described in these forward-looking statements and, in addition, will be affected by a variety of risks and factors, some of which are beyond the Partnership’s control, including, without limitation: financing risks, including the availability and cost of financing and the risk that the Partnership’s cash flows from operations may be insufficient to meet required payments of principal and interest; natural disasters and severe weather such as hurricanes; national and local economic conditions, including the pace of job growth and the level of unemployment; energy costs; the terms of governmental regulations that affect the Partnership’s properties and interpretations of those regulations; the competitive environment in which the Partnership operates; real estate risks, including fluctuations in real estate values and the general economic climate in local markets and competition for residents in such markets ; insurance risk, including the cost of insurance; litigation, including costs associated with prosecuting or defending claims and any adverse outcomes; and possible environmental liabilities, including costs, fines or penalties that may be incurred due to necessary remediation of contamination of properties presently owned or previously owned by the Partnership. Readers should carefully review the Partnership’s financial statements and the notes thereto, as well as the other documents the Partnership files from time to time with the Securities and Exchange Commission.

The Partnership's investment properties consist of three apartment complexes. The following table sets forth the average occupancy of the properties for the six months ended June 30, 2012 and 2011:

	Average Occupancy
Property	2012	2011

Tamarind Bay Apartments	96%	95%
St. Petersburg, Florida
The Peak at Vinings Mountain	97%	98%
Atlanta, Georgia
Lakeside at Vinings Mountain	96%	97%
Atlanta, Georgia

The Partnership’s financial results depend upon a number of factors including the ability to attract and maintain tenants at the investment properties, interest rates on mortgage loans, costs incurred to operate the investment properties, general economic conditions and weather. As part of the ongoing business plan of the Partnership, the Managing General Partner monitors the rental market environment of its investment properties to assess the feasibility of increasing rents, maintaining or increasing occupancy levels and protecting the Partnership from increases in expenses. As part of this plan, the Managing General Partner attempts to protect the Partnership from the burden of inflation-related increases in expenses by increasing rents and maintaining a high overall occupancy level. However, the Managing General Partner may use rental concessions and rental rate reductions to offset softening market conditions; accordingly, there is no guarantee that the Managing General Partner will be able to sustain such a plan. Further, a number of factors that are outside the control of the Partnership such as the local economic climate and weather can adversely or positively affect the Partnership’s financial results.

Results of Operations

The Partnership recognized net losses of approximately $770,000 and $2,447,000 for the three months ended June 30, 2012 and 2011, respectively, compared to net income of approximately $20,159,000 and net loss of approximately $3,816,000 for the six months ended June 30, 2012 and 2011, respectively. The statements of operations for the three and six months ended June 30, 2011 have been restated to reflect the operations of Greenspoint at Paradise Valley as loss from discontinued operations and the balance sheet as of December 31, 2011 has also been restated to reflect the respective assets and liabilities of Greenspoint at Paradise Valley as held for sale due to its sale on March 29, 2012.

The following table presents summarized results of operations of Greenspoint at Paradise Valley for the three and six months ended June 30, 2012 and 2011 (in thousands):

	Three Months Ended	Three Months Ended	Six Months Ended	Six Months Ended
	June 30,	June 30,	June 30,	June 30,
	2012	2011	2012	2011

Revenues	$ --	$ 738	$ 778	$ 1,506
Expenses	38	(1,099)	(1,204)	(2,182)
Income (loss) from
discontinued operations	$ 38	$ (361)	$ (426)	$ (676)

During the three months ended June 30, 2012, the Partnership wrote off approximately $38,000 of estimated liabilities accrued in connection with the sale of Greenspoint at Paradise Valley, which is reflected as a reduction of expenses.

On March 29, 2012, the Partnership sold Greenspoint at Paradise Valley to a third party for a gross sale price of $29,750,000. The net proceeds realized by the Partnership were approximately $29,432,000 after payment of closing costs. The Partnership used approximately $15,349,000 of the net proceeds to repay the mortgages encumbering the property. As a result of the sale, the Partnership recorded a gain of approximately $22,329,000 for the six months ended June 30, 2012, which is included in gain from sale of discontinued operations. In addition, the Partnership recorded a loss on the early extinguishment of debt of approximately $4,000 due to the write off of unamortized loan costs, which is included in income (loss) from discontinued operations.

The Partnership’s loss from continuing operations for the three and six months ended June 30, 2012 was approximately $823,000 and $1,744,000, respectively, compared to loss from continuing operations of approximately $2,086,000 and $3,140,000 for the three and six months ended June 30, 2011, respectively. The decrease in loss from continuing operations for both the three and six months ended June 30, 2012 is due to an increase in total revenues and a decrease in total expenses.

Total revenues increased for both periods due to increases in both rental and other income. Rental income increased for both periods primarily due to increases in the average rental rate at The Peak at Vinings Mountain and Lakeside at Vinings Mountain. The increase in rental income for the three months ended June 30, 2012 was also due to an increase in occupancy at Tamarind Bay Apartments, partially offset by decreases in occupancy at The Peak at Vinings Mountain and Lakeside at Vinings Mountain. Other income increased for both periods primarily due to increases in lease cancellation fees at The Peak at Vinings Mountain and Lakeside at Vinings Mountain.

Total expenses decreased for both periods due to decreases in general and administrative, depreciation, interest, property tax expenses and the recognition of loss on early extinguishment of debt associated with the payoff of mortgages encumbering The Peak at Vinings Mountain and Lakeside at Vinings Mountain in May 2011 (as discussed in “Liquidity and Capital Resources”), partially offset by an increase in operating expenses. Depreciation expense decreased for both periods primarily due to assets becoming fully depreciated at Tamarind Bay Apartments during the second quarter of 2011. Interest expense decreased for both periods due to a decrease in interest on advances from AIMCO Properties, L.P., as a result of a lower average outstanding advance balance, partially offset by a higher average debt balance as a result of the May 2011 refinancing of the mortgages encumbering The Peak at Vinings Mountain and Lakeside at Vinings Mountain. The decrease in property tax expense is primarily due to a decrease in the assessed value of all of the Partnership’s investment properties. Operating expenses increased for the three months ended June 30, 2012 primarily due to increases in salaries and related benefits at The Peak at Vinings Mountain and utility costs at Tamarind Bay Apartments. Operating expenses increased for the six months ended June 30, 2012 primarily due to increases in utility costs at Tamarind Bay Apartments, software maintenance costs resulting from an upgrade in rental software at The Peak at Vinings Mountain and Lakeside at Vinings Mountain, and minor mold remediation at The Peak at Vinings Mountain.

General and administrative expenses decreased for both periods primarily due to decreases in management reimbursements charged by an affiliate of the Managing General Partner as allowed under the Partnership Agreement. Also included in general and administrative expenses for the three and six months ended June 30, 2012 and 2011 are costs associated with the quarterly and annual communications with investors and regulatory agencies and the annual audit required by the Partnership Agreement.

Liquidity and Capital Resources

At June 30, 2012, the Partnership had cash and cash equivalents of approximately $388,000, compared to approximately $453,000 at December 31, 2011. Cash and cash equivalents decreased approximately $65,000 due to approximately $28,771,000 of cash used in financing activities, partially offset by approximately $28,688,000 and $18,000 of cash provided by investing and operating activities, respectively. Cash used in financing activities consisted of repayment of the mortgage notes encumbering Greenspoint at Paradise Valley, distributions to partners, repayment of advances from an affiliate of the Managing General Partner, and principal payments made on the mortgages encumbering the Partnership’s investment properties. Cash provided by investing activities consisted of net proceeds from the sale of Greenspoint at Paradise Valley, partially offset by property improvements and replacements.

AIMCO Properties, L.P., an affiliate of the Managing General Partner has made available to the Partnership a credit line of up to $150,000 per property owned by the Partnership. Prior to 2011, this credit limit was exceeded. During the six months ended June 30, 2011, AIMCO Properties, L.P. advanced the Partnership approximately $651,000 to fund loan application deposits and mortgage refinancing commitment fees related to The Peak at Vinings Mountain and Lakeside at Vinings Mountain. There were no such advances made during the six months ended June 30, 2012. AIMCO Properties, L.P. charges interest on advances under the terms permitted by the Partnership Agreement. The interest rates charged on the outstanding advances made to the Partnership ranged from the prime rate plus 0.5% to a variable rate based on the prime rate plus a market rate adjustment for similar type loans. Affiliates of the Managing General Partner review the market rate adjustment quarterly. Interest expense was approximately $70,000 and $344,000 for the six months ended June 30, 2012 and 2011, respectively. During the six months ended June 30, 2012 and 2011, the Partnership repaid approximately $6,414,000 and $11,521,000, respectively, of advances and accrued interest with proceeds from the sale of Greenspoint at Paradise Valley, refinancing proceeds and cash from operations. At December 31, 2011, the total advances and accrued interest due to AIMCO Properties, L.P. were approximately $6,344,000 and are included in due to affiliates. No such amounts were owed at June 30, 2012. The Partnership may receive additional advances of funds from AIMCO Properties, L.P. although AIMCO Properties, L.P. is not obligated to provide such advances. For more information on AIMCO Properties, L.P., including copies of its audited balance sheets, please see its reports filed with the Securities and Exchange Commission.

The sufficiency of existing liquid assets to meet future liquidity and capital expenditure requirements is directly related to the level of capital expenditures required at the properties to adequately maintain the physical assets and other operating needs of the Partnership and to comply with Federal, state, and local legal and regulatory requirements. The Managing General Partner monitors developments in the area of legal and regulatory compliance. Capital improvements planned for each of the Partnership’s properties are detailed below.

Lakeside at Vinings Mountain

During the six months ended June 30, 2012, the Partnership completed approximately $304,000 of capital improvements at Lakeside at Vinings Mountain, which consisted primarily of interior improvements, structural upgrades and floor covering replacement. These improvements were funded from operating cash flow. The Partnership regularly evaluates the capital improvement needs of the property. While the Partnership has no material commitments for property improvements and replacements, certain routine capital expenditures are anticipated during 2012. Such capital expenditures will depend on the physical condition of the property as well as anticipated cash flow generated by the property.

Greenspoint at Paradise Valley

During the six months ended June 30, 2012, the Partnership completed approximately $131,000 of capital improvements at Greenspoint at Paradise Valley, which consisted primarily of sewer upgrades and floor covering replacement. These improvements were funded from operating cash flow. The Partnership sold Greenspoint at Paradise Valley to a third party on March 29, 2012.

The Peak at Vinings Mountain

During the six months ended June 30, 2012, the Partnership completed approximately $269,000 of capital improvements at The Peak at Vinings Mountain, which consisted primarily of HVAC upgrades, interior improvements and floor covering replacement. These improvements were funded from operating cash flow. The Partnership regularly evaluates the capital improvement needs of the property. While the Partnership has no material commitments for property improvements and replacements, certain routine capital expenditures are anticipated during 2012. Such capital expenditures will depend on the physical condition of the property as well as anticipated cash flow generated by the property.

Tamarind Bay Apartments

During the six months ended June 30, 2012, the Partnership completed approximately $26,000 of capital improvements at Tamarind Bay Apartments, which consisted primarily of major landscaping and floor covering replacement. These improvements were funded from operating cash flow. The Partnership regularly evaluates the capital improvement needs of the property. While the Partnership has no material commitments for property improvements and replacements, certain routine capital expenditures are anticipated during 2012. Such capital expenditures will depend on the physical condition of the property as well as anticipated cash flow generated by the property.

Capital expenditures will be incurred only if cash is available from operations or from Partnership reserves. To the extent that capital improvements are completed, the Partnership's distributable cash flow, if any, may be adversely affected at least in the short term.

The Partnership’s assets are thought to be sufficient for any near term needs (exclusive of capital improvements) of the Partnership. On May 2, 2011, the Partnership refinanced the mortgage debt encumbering Lakeside at Vinings Mountain. The refinancing replaced the existing mortgage loans, which at the time of refinancing had an aggregate principal balance of approximately $9,170,000, with a new mortgage loan in the principal amount of $14,982,000. The new loan bears interest at a rate of 5.53% per annum and requires monthly payments of principal and interest of approximately $85,000 beginning on July 1, 2011, through the June 1, 2021 maturity date. The new mortgage loan has a balloon payment of approximately $12,405,000 due at maturity. The Partnership may prepay the mortgage at any time with 30 days written notice to the lender, subject to a prepayment penalty. In connection with the payoff of the existing mortgage debt, the Partnership recognized a loss on early extinguishment of debt of approximately $482,000 during the three and six months ended June 30, 2011, due to the write off of unamortized loan costs and a prepayment penalty. Total capitalized loan costs associated with the new mortgage were approximately $189,000, approximately $169,000 of which was incurred during the six months ended June 30, 2011, and are included in other assets.

On May 2, 2011, the Partnership refinanced the mortgage debt encumbering The Peak at Vinings Mountain. The refinancing replaced the existing mortgage loans, which at the time of refinancing had an aggregate principal balance of approximately $9,861,000, with a new mortgage loan in the principal amount of $15,828,000. The new loan bears interest at a rate of 5.54% per annum and requires monthly payments of principal and interest of approximately $90,000 beginning on July 1, 2011, through the June 1, 2021 maturity date. The new mortgage loan has a balloon payment of approximately $13,109,000 due at maturity. The Partnership may prepay the mortgage at any time with 30 days written notice to the lender, subject to a prepayment penalty. In connection with the payoff of the existing mortgage debt, the Partnership recognized a loss on early extinguishment of debt of approximately $515,000 during the three and six months ended June 30, 2011, due to the write off of unamortized loan costs and a prepayment penalty. Total capitalized loan costs associated with the new mortgage were approximately $201,000, approximately $173,000 of which was incurred during the six months ended June 30, 2011, and are included in other assets.

The mortgage indebtedness encumbering Tamarind Bay Apartments of approximately $6,695,000 matures in September 2021 at which time balloon payments of approximately $5,423,000 are required. The Managing General Partner will attempt to refinance such indebtedness and/or sell the properties prior to such maturity dates. If any property cannot be refinanced or sold for a sufficient amount, the Partnership will risk losing such property through foreclosure.

The Partnership distributed the following amounts during the six months ended June 30, 2012 and 2011 (in thousands, except per unit data):

		Per Limited		Per Limited
	Six Months Ended	Partnership	Six Months Ended	Partnership
	June 30, 2012	Unit	June 30, 2011	Unit

Sale (1)	$ 7,281	$ 79.96	$ --	$ --

(1) Proceeds from the March 2012 sale of Greenspoint at Paradise Valley.

Future cash distributions will depend on the levels of net cash generated from operations and the timing of debt maturities, property sales and/or refinancings. The Partnership's cash available for distribution is reviewed on a monthly basis. There can be no assurance, however, that the Partnership will generate sufficient funds from operations, after planned capital expenditures, to permit any additional distributions to its partners in 2012 or subsequent periods.

On June 14, 2012, the Partnership entered into a sale contract with a third party relating to the sale of Tamarind Bay Apartments. The sale is projected to close during the third quarter of 2012 with a purchase price of approximately $12,750,000. The Partnership has determined that certain held for sale criteria have not been met at June 30, 2012 and therefore continues to report the assets and liabilities of Tamarind Bay Apartments as held for investment and its operations as continuing operations.

Other

In addition to its indirect ownership of the general partner interest in the Partnership, Aimco and its affiliates owned 60,711.66 limited partnership units (the “Units”) in the Partnership representing 68.04% of the outstanding Units at June 30, 2012. A number of these Units were acquired pursuant to tender offers made by Aimco or its affiliates. It is possible that Aimco or its affiliates will acquire additional Units in exchange for cash or a combination of cash and units in AIMCO Properties, L.P., the operating partnership of Aimco, either through private purchases or tender offers. Pursuant to the Partnership Agreement, Unit holders holding a majority of the Units are entitled to take action with respect to a variety of matters that include, but are not limited to, voting on certain amendments to the Partnership Agreement and voting to remove the Managing General Partner. As a result of its ownership of 68.04% of the outstanding Units, Aimco and its affiliates are in a position to influence all such voting decisions with respect to the Partnership. However, with respect to the 25,228.66 Units acquired on January 19, 1996, AIMCO IPLP, L.P. ("IPLP"), an affiliate of the Managing General Partner and of Aimco, agreed to vote such Units: (i) against any increase in compensation payable to the Managing General Partner or to its affiliates; and (ii) on all other matters submitted by it or its affiliates, in proportion to the vote cast by third party unitholders. Except for the foregoing, no other limitations are imposed on IPLP's, Aimco's or any other affiliates' right to vote each Unit held. Although the General Partner owes fiduciary duties to the limited partners of the Partnership, the Managing General Partner also owes fiduciary duties to both the General Partner and Aimco as the sole stockholder of the Managing General Partner. As a result, the duties of the Managing General Partner, as managing general partner, to the Partnership and its limited partners may come into conflict with the duties of the Managing General Partner to Aimco as its sole stockholder.

Critical Accounting Policies and Estimates

The financial statements are prepared in accordance with accounting principles generally accepted in the United States, which require the Partnership to make estimates and assumptions. The Partnership believes that of its significant accounting policies, the following may involve a higher degree of judgment and complexity.

Impairment of Long-Lived Assets

Investment properties are recorded at cost, less accumulated depreciation, unless the carrying amount of the asset is not recoverable. If events or circumstances indicate that the carrying amount of a property may not be recoverable, the Partnership will make an assessment of its recoverability by comparing the carrying amount to the Partnership’s estimate of the undiscounted future cash flows, excluding interest charges, of the property. If the carrying amount exceeds the estimated aggregate undiscounted future cash flows, the Partnership would recognize an impairment loss to the extent the carrying amount exceeds the estimated fair value of the property.

Real property investment is subject to varying degrees of risk. Several factors may adversely affect the economic performance and value of the Partnership’s investment properties. These factors include, but are not limited to, general economic climate; competition from other apartment communities and other housing options; local conditions, such as loss of jobs or an increase in the supply of apartments that might adversely affect apartment occupancy or rental rates; changes in governmental regulations and the related cost of compliance; increases in operating costs (including real estate taxes) due to inflation and other factors, which may not be offset by increased rents; changes in tax laws and housing laws, including the enactment of rent control laws or other laws regulating multi-family housing; and changes in interest rates and the availability of financing. Any adverse changes in these and other factors could cause an impairment of the Partnership’s assets.

Revenue Recognition

The Partnership generally leases apartment units for twelve-month terms or less. The Partnership will offer rental concessions during particularly slow months or in response to heavy competition from other similar complexes in the area. Rental income attributable to leases, net of any concessions, is recognized on a straight-line basis over the term of the lease. The Partnership evaluates all accounts receivable from residents and establishes an allowance, after the application of security deposits, for accounts greater than 30 days past due on current tenants and all receivables due from former tenants.

Assets Held for Sale

The Partnership classifies long-lived assets as held for sale in the period in which all of the following criteria are met: management, having the authority to approve the action, commits to a plan to sell the asset; the asset is available for immediate sale in its present condition subject only to terms that are usual and customary for sales of such assets; an active program to locate a buyer and other actions required to complete the plan to sell the asset have been initiated; the sale of the asset is probable, and transfer of the asset is expected to qualify for recognition as a completed sale, within one year; the asset is being actively marketed for sale at a price that is reasonable in relation to its current fair value and actions required to complete the plan indicate that it is unlikely that significant changes to the plan will be made or that the plan will be withdrawn. Depreciation is not recorded during the period in which the long-lived asset is classified as held for sale. When the asset is designated as held for sale, the related results of operations are presented as discontinued operations.

Item 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Not applicable.

Item 4. CONTROLS AND PROCEDURES

(a) Disclosure Controls and Procedures

The Partnership’s management, with the participation of the principal executive officer and principal financial officer of the Managing General Partner, who are the equivalent of the Partnership’s principal executive officer and principal financial officer, respectively, has evaluated the effectiveness of the Partnership’s disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) as of the end of the period covered by this report. Based on such evaluation, the principal executive officer and principal financial officer of the Managing General Partner, who are the equivalent of the Partnership’s principal executive officer and principal financial officer, respectively, have concluded that, as of the end of such period, the Partnership’s disclosure controls and procedures are effective.

(b) Changes in Internal Control Over Financial Reporting

There has been no change in the Partnership’s internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) during the fiscal quarter to which this report relates that has materially affected, or is reasonably likely to materially affect, the Partnership’s internal control over financial reporting.

	June 30,	December 31,
	2012	2011

Assets
Cash and cash equivalents	$ 388	$ 453
Receivables and deposits	112	179
Other assets	781	744
Investment properties:
Land	3,425	3,425
Buildings and related personal property	65,276	65,004
Total investment property	68,701	68,429
Less accumulated depreciation	(49,168)	(46,738)
Investment property, net	19,533	21,691
Assets held for sale	--	7,583
Total assets	$ 20,814	$ 30,650

Liabilities and Partners' Deficit
Liabilities
Accounts payable	$ 129	$ 156
Tenant security deposit liabilities	167	161
Accrued property taxes	252	--
Other liabilities	401	636
Due to affiliates	--	6,715
Mortgage notes payable	37,093	37,351
Liabilities related to assets held for sale	--	15,737
Total liabilities	38,042	60,756

Partners' Deficit
General partner	(8,372)	(10,789)
Limited partners	(8,856)	(19,317)
Total partners’ deficit	(17,228)	(30,106)
Total liabilities and partners’ deficit	$ 20,814	$ 30,650

	Three Months Ended June 30,		Six Months Ended June 30,
	2012	2011	2012	2011
Revenues:
Rental income	$ 1,754	$ 1,672	$ 3,533	$ 3,334
Other income	243	194	464	397
Total revenues	1,997	1,866	3,997	3,731

Expenses:
Operating	718	688	1,412	1,353
General and administrative	70	87	146	172
Depreciation	1,357	1,417	2,757	2,851
Interest	549	628	1,174	1,228
Property taxes	126	135	252	270
Loss on early extinguishment of debt	--	997	--	997
Total expenses	2,820	3,952	5,741	6,871

Loss from continuing operations	(823)	(2,086)	(1,744)	(3,140)
Income (loss) from discontinued
operations	38	(361)	(426)	(676)
Gain from sale of discontinued
operations	15	--	22,329	--
Net income (loss)	$ (770)	$(2,447)	$20,159	$(3,816)

Net income (loss) allocated to general partner	$ (90)	$ (289)	$ 2,563	$ (450)
Net income (loss) allocated to limited partners	$ (680)	$(2,158)	$17,596	$(3,366)

Per limited partnership unit:
Loss from continuing operations	$ (8.14)	$(20.61)	$(17.24)	$(31.02)
Income (loss) from discontinued
operations	0.37	(3.56)	(4.21)	(6.68)
Gain from sale of discontinued
operations	0.15	--	218.64	--

Net income (loss) per limited partnership unit	$ (7.62)	$(24.17)	$197.19	$(37.70)

Distributions per limited partnership unit	$ 79.96	$ --	$ 79.96	$ --

	General Partner	Limited Partners	Total

Partners' deficit at December 31, 2011	$(10,789)	$(19,317)	$(30,106)

Distributions to partners	(146)	(7,135)	(7,281)

Net income for the six months ended June 30, 2012	2,563	17,596	20,159

Partners' deficit at June 30, 2012	$ (8,372)	$ (8,856)	$(17,228)

		Six Months Ended
		June 30,
		2012	2011
Cash flows from operating activities:
Net income (loss)		$ 20,159	$ (3,816)
Adjustments to reconcile net income (loss) to net cash
provided by operating activities:
Depreciation		3,271	3,869
Amortization of loan costs		37	69
Gain from sale of discontinued operations		(22,329)	--
Loss on early extinguishment of debt		4	997
Change in accounts:
Receivables and deposits		171	25
Other assets		(64)	(36)
Accounts payable		2	25
	Tenant security deposit liabilities	(98)	(2)
Accrued property taxes		149	273
Other liabilities		(342)	60
Due to affiliates		(942)	(1,118)
Net cash provided by operating activities		18	346

Cash flows from investing activities:
Insurance proceeds received		--	1
Property improvements and replacements		(744)	(314)
Proceeds from sale of discontinued operations		29,432	--
Net cash provided by (used in) investing activities		28,688	(313)

Cash flows from financing activities:
Payments on mortgage notes payable		(368)	(524)
Repayment of mortgage notes payable		(15,349)	(19,031)
Proceeds from mortgage notes payable		--	30,810
Loan costs paid		--	(342)
Prepayment penalties paid		--	(755)
Repayment of advances from affiliate		(5,773)	(9,997)
Advances from affiliate		--	651
Distributions to partners		(7,281)	--
Net cash provided by (used in) financing activities		(28,771)	812

Net increase (decrease) in cash and cash equivalents		(65)	845
Cash and cash equivalents at beginning of period		453	231
Cash and cash equivalents at end of period		$ 388	$ 1,076

Supplemental disclosure of cash flow information:
Cash paid for interest		$ 2,024	$ 2,723

Supplemental disclosure of non-cash activity:
Property improvements and replacements included in
accounts payable		$ 92	$ 30

	CENTURY PROPERTIES FUND XIX, LP

	By: FOX PARTNERS II
	General Partner

	By: FOX CAPITAL MANAGEMENT CORPORATION
	Managing General Partner

Date: August 13, 2012	By: /s/Steven D. Cordes
	Steven D. Cordes
	Senior Vice President

Date: August 13, 2012	By: /s/Stephen B. Waters
	Stephen B. Waters
	Senior Director of Partnership Accounting

Form 10-Q

CENTURY PROPERTIES FUND XIX, LP

PART I – FINANCIAL INFORMATION

Partner

Partners

Note A – Basis of Presentation

Note B – Transactions with Affiliated Parties

Note E – Sale of Investment Property

Note G – Contingencies

June 30, 2012

Unit

June 30, 2011

Unit

	Three Months Ended June 30, 2012	Three Months Ended June 30, 2011	Six Months Ended June 30, 2012	Six Months Ended June 30, 2011

Revenues	$ 0	$ 738	$ 778	$ 1,506
Expenses	38	(1,099)	(1,204)	(2,182)
Income (loss) from discontinued operations	$ 38	$ (361)	$ (426)	$ (676)