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

 ROCKVILLE, Md., May 25 /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 March 31, 1993, of approximately $0.9 million (9 cents per investment unit), compared with the prior year's first quarter total of approximately $1.0 million (10 cents per investment unit).
 Earnings during the first quarter of 1993 decreased as compared to the first quarter of 1992 primarily due to the disposition during the first quarter of 1992 of the mortgage on the Clark and Elm Apartments, which resulted in a smaller mortgage base. 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
 For the three months
 ended March 31,
 1993 1992
 (unaudited)
 Income:
 Mortgage investment income $1,124,076 $1,164,699
 Interest and other income 4,779 139,498
 Total 1,128,855 1,304,197
 Expenses:
 Asset management fee to related
 party 110,229 121,126
 General and administrative 98,956 135,444
 Total 209,185 256,570
 Earnings before loan loss 919,670 1,047,627
 Loan loss -- (21,103)
 Net earnings $ 919,670 $1,026,524
 Net earnings per Investment Unit $ 0.09 $ 0.10
 -0- 5/25/93
 /CONTACT: James T. Pastore, 301-231-0323, or Susan B. Railey, 301-468-3120, both for American Insured Mortgage Investors/
 (AIA)


CO: American Insured Mortgage Investors ST: Maryland IN: FIN SU: ERN

IH-KD -- DC019 -- 2153 05/25/93 12:09 EDT
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Publication:PR Newswire
Date:May 25, 1993
Words:260
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