CONTACT:  The Altman Group, Inc.
          (800) 217-9608 (toll free)

FOR IMMEDIATE RELEASE

         DENVER, COLORADO, February 13, 2004. As previously announced, AIMCO
Properties, L.P. is tendering for units of limited partnership interest in
McCombs Realty Partners, subject to the terms of their Amended and Restated
Offer to Purchase, as amended. AIMCO Properties, L.P. has extended the
expiration time of its offer. The expiration time for the offer has been
extended to midnight, New York time, on Friday, February 27, 2004. The offer was
previously scheduled to expire at midnight, New York time, on February 13, 2004.

         AIMCO Properties, L.P. reported, based on information provided by the
Information Agent for the offer, that as of the close of business on February
12, 2004, approximately 682 units (or approximately 4.6% of the units
outstanding) had been tendered pursuant to the offer.

         For further information, please contact The Altman Group, Inc. at (800)
217-9608 (toll free), which is acting as the Information Agent for the offer.