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AIM 84 REPORTS THIRD QUARTER NET EARNINGS OF 9 CENTS PER UNIT

 AIM 84 REPORTS THIRD QUARTER NET EARNINGS OF 9 CENTS PER UNIT
 ROCKVILLE, Md., Nov. 5 /PRNewswire/ -- American Insured Mortgage Investors (AIM 84) (AMEX: AIA), a self-liquidating partnership that specializes in multi-family mortgages, reported net earnings for the three months ended Sept. 30, 1992, of approximately $919,000 (9 cents per investment unit), compared with the prior year's third quarter total of approximately $1.1 million (10 cents per investment unit).
 For the first nine months of 1992, net earnings were approximately $2.9 million (28 cents per investment unit) compared with approximately $3.3 million (32 cents per investment unit) for the same period last year.
 Earnings during these periods decreased primarily due to the disposition during the first quarter of 1992 of the mortgage on the Clarke and Elm Apartments, which resulted in a smaller mortgage base. Additionally, net earnings for 1991's third quarter included the gain recognized on the assignment of the mortgage on Foxfire West Apartments.
 The third quarter 1992 distribution to unit holders totaled 9 cents per unit, representing regular cash flow for the period July 1 through Sept. 30, 1992. There were no mortgage dispositions during the third quarter of 1992.
 At quarter-end, AIM 84 was invested in 18 government-insured mortgage investments on multi-family housing and had total assets of approximately $47 million.
 AMERICAN INSURED MORTGAGE INVESTORS
 Statements of Operations
 (Unaudited)
 For the three months For the nine months
 ended Sept. 30, ended Sept. 30,
 1992 1991 1992 1991
 Income:
 Mortgage investment
 income $1,124,830 $1,431,696 $3,415,472 $4,194,410
 Interest and
 other income 5,918 19,295 201,267 52,521
 Total 1,130,748 1,450,991 3,616,739 4,246,931
 Expenses:
 Asset management
 fee to related
 parties 110,229 270,242 341,584 800,071
 General and
 administrative 101,620 104,816 381,478 306,266
 Total 211,849 375,058 723,062 1,106,337
 Earnings before loan
 losses and gain on
 depositions 918,899 1,075,933 2,893,677 3,140,594
 Loan losses -- (3,986) (21,103) (171,285)
 Gain on mortgage
 dispositions -- -- -- 340,677
 Net earnings $918,899 $1,071,947 $2,872,574 $3,309,986
 Net earnings per
 unit of limited
 partnership interest $0.09 $0.10 $0.28 $0.32
 -0- 11/5/92
 /CONTACT: James T. Pastore, 301-231-0323, or Susan B. Railey, 301-468-3120, both for AIM 84/
 (AIA) CO: American Insured Mortgage Investors ST: Maryland IN: FIN SU: ERN


IH -- DC006 -- 7769 11/05/92 13:37 EST
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Publication:PR Newswire
Date:Nov 5, 1992
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