UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

Form 10-K

(Mark One)

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

For the fiscal year ended December 31, ~~2011~~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)

Registrant's telephone number, including area code (864) 239-1000

Securities registered pursuant to Section 12(b) of the Act:

None

Securities registered pursuant to Section 12(g) of the Act:

Units of Limited Partnership Interest

(Title of class)

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes [ ] No [X]

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Act. Yes [ ] No [X]

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. Yes [X] 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 if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (229.405 of this chapter) is not contained herein, and will not be contained, to the best of the registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. [X]

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 S

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

State the aggregate market value of the voting and non-voting partnership interests held by non-affiliates computed by reference to the price at which the partnership interests were last sold, or the average bid and asked price of such partnership interests as of the last business day of the registrant’s most recently completed second fiscal quarter. No market exists for the limited partnership interests of the Registrant, and, therefore, no aggregate market value can be determined.

DOCUMENTS INCORPORATED BY REFERENCE

None

FORWARD-LOOKING STATEMENTS

The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for forward-looking statements in certain circumstances. Certain information included in this Annual 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.

PART I

Item 1. Business

Century Properties Fund XIX, LP (the "Partnership" or "Registrant") was organized in August 1982, as a California limited partnership under the Uniform Limited Partnership Act of the California Corporations Code. Fox Partners II, a California general partnership, is the general partner of the Partnership. The general partners of Fox Partners II are Fox Capital Management Corporation ("FCMC" or the "Managing General Partner"), a California corporation, and Fox Realty Investors ("FRI"), a California general partnership. The Managing General Partner is a subsidiary of Apartment Investment and Management Company ("Aimco"), a publicly traded real estate investment trust. The term of the Partnership is scheduled to expire on December 31, 2024.

The Partnership's Registration Statement, filed pursuant to the Securities Act of 1933 (No. 2-79007), was declared effective by the Securities and Exchange Commission on September 20, 1983. Beginning in September 1983 through October 1984, the Partnership offered 90,000 Limited Partnership Units and sold 89,292 units having an initial cost of $89,292,000. The net proceeds of this offering were used to acquire thirteen income-producing real estate properties. Since its initial offering, the Partnership has not received, nor have limited partners been required to make, additional capital contributions. The Partnership's original property portfolio was geographically diversified with properties acquired in seven states. The Partnership's acquisition activities were completed in June 1985 and since then the principal activity of the Partnership has been managing its portfolio. One property was sold in each of the years 1988, 1992, 1993, 1994, 2003, 2005, 2006 and 2008 and two properties were sold in 2012. In addition, one property was foreclosed on in 1993. See "Item 2. Properties" for a description of the Partnership's remaining ~~four~~two properties.

On July 28, 2011, the Partnership entered into an agreement and plan of merger (the “Merger Agreement”) with AIMCO Properties, L.P., a Delaware limited partnership and AIMCO CPF XIX Merger Sub LLC, a Delaware limited liability company of which AIMCO Properties, L.P. is the sole member (the “Merger Subsidiary”), pursuant to which the Merger Subsidiary was to be merged with and into the Partnership, with the Partnership as the surviving entity (the “Merger”). On December 29, 2011, AIMCO Properties, L.P. decided to not proceed with the merger and terminated the Merger Agreement. There were no penalties incurred in connection with the termination.

The Partnership is engaged in the business of operating and holding real estate properties.

The Partnership has no employees and depends on the Managing General Partner and its affiliates for property management services and administration of all Partnership activities. The Partnership Agreement provides for certain payments to affiliates for services and as reimbursement of certain expenses incurred by affiliates on behalf of the Partnership.

A further description of the Partnership's business is included in "Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations" included in this Form 10-K.

Item 1A. Risk Factors

Not applicable.

Item 2. Properties

The following table sets forth the Partnership's investment in properties:

	Date of
Property	Purchase	Type of Ownership	Use
Lakeside at Vinings Mountain	12/83	Fee ownership subject to	Apartment
Atlanta, Georgia		first mortgage	220 units
Greenspoint at Paradise Valley (formerly known as Greenspoint Apartments)	02/84	Fee ownership subject to	Apartment
Phoenix, Arizona (1)		first, second, third	336 units
		and fourth mortgages
The Peak at Vinings Mountain	04/84	Fee ownership subject to	Apartment
Atlanta, Georgia		first mortgage	280 units
Tamarind Bay Apartments	07/84	Fee ownership subject to	Apartment
St. Petersburg, FL		first and second	200 units
		mortgages

~~(1)~~ On ~~January~~March 2629, 2012, the Partnership ~~entered~~sold ~~into~~Greenspoint aat ~~sale~~Paradise ~~contract~~Valley ~~with~~to a third party ~~relating~~for toa ~~the~~gross sale price of ~~Greenspoint at Paradise Valley~~$29,750,000. The ~~sale~~net isproceeds ~~projected~~realized toby ~~close~~the ~~during~~Partnership ~~the~~were ~~second~~approximately ~~quarter~~$29,432,000 ofafter ~~2012~~payment ~~with~~of aclosing ~~purchase~~costs. The ~~price~~Partnership ofused approximately $2915,~~750~~349,000. ~~The~~of ~~Partnership~~the ~~has~~net ~~determined~~proceeds ~~that~~to ~~certain~~repay ~~held~~the ~~for~~mortgages ~~sale~~encumbering ~~criteria~~the ~~have~~property. ~~not~~As ~~been~~a ~~met~~result atof ~~December~~the 31sale, ~~2011~~the ~~and~~Partnership ~~therefore~~recorded ~~continues~~a togain ~~report~~of approximately $22,329,000. In addition, the ~~assets~~Partnership ~~and~~recorded ~~liabilities~~a ofloss ~~Greenspoint~~on atthe ~~Paradise~~early ~~Valley~~extinguishment asof ~~held~~debt ~~for~~of ~~investment~~approximately ~~and~~$4,000 ~~its~~due ~~operations~~to asthe ~~continuing~~write ~~operations~~off of unamortized loan costs.

On September 28, 2012, the Partnership sold Tamarind Bay Apartments to a third party for a gross sale price of $12,750,000. The net proceeds realized by the Partnership were approximately $12,073,000 after payment of closing costs and a credit for approximately $381,000 to the purchaser for capital improvements. The Partnership used approximately $6,670,000 of the net proceeds to repay the mortgages encumbering the property. As a result of the sale, the Partnership recorded a gain of approximately $9,106,000. In addition, the Partnership recorded a loss on the early extinguishment of debt of approximately $2,697,000 due to the write off of unamortized loan costs of approximately $144,000 and the payment of a prepayment penalty of approximately $2,553,000.

Schedule of Properties

Set forth below for each of the Partnership’s properties is the gross carrying value, accumulated depreciation, depreciable life, method of depreciation and Federal tax basis.

	Gross				Method
	Carrying	Accumulated		Depreciable	of	Federal
Property	Value	Depreciation		Life	Depreciation	Tax Basis
	(in thousands)					(in thousands)
Lakeside at Vinings
Mountain	$26,~~227~~560		$1820,~~190~~257	5-30 yrs	S/L	$ 76,~~290~~605
Greenspoint at Paradise
Valley	24,471		17,006	5-30 yrs	S/L	5,366
The Peak at Vinings
Mountain	30,~~605~~977		2022,~~282~~807	5-30 yrs	S/L	98,~~353~~421
Tamarind Bay Apartments	11,597		8,266	5-30 yrs	S/L	3,307
	$57,537		$43,064			$15,026
	$92,900		$63,744			$25,316

See "Note A – Organization and Summary of Significant Accounting Policies" to the financial statements included in "Item 8. Financial Statements and Supplementary Data" for a description of the Partnership's depreciation and capitalization policies.

Schedule of Property Indebtedness

The following table sets forth certain information relating to the loans encumbering the Partnership's properties.

	Principal				Principal
	Balance At				Balance
	December 31,	Interest	Period	Maturity	Due At
Property	~~2011~~2012	Rate (1)	Amortized	Date	Maturity (2)
	(in thousands)				(in thousands)
Lakeside at Vinings Mountain
1st mortgage	$14,~~883~~677	5.53%	30 yrs	06/01/21	$12,405
Greenspoint at Paradise Valley (formerly known as Greenspoint Apartments)
Valley
1st mortgage	9,362	5.31%	25 yrs	05/01/17(3)	7,526
2nd mortgage	2,813	5.79%	25 yrs	05/01/17(3)	2,413
3rd mortgage	1,642	5.82%	25 yrs	05/01/17(3)	1,408
4th mortgage	1,642	5.82%	25 yrs	05/01/17(3)	1,408
The Peak at Vinings Mountain
1st mortgage	15,~~724~~506	5.54%	30 yrs	06/01/21	13,109
Tamarind Bay Apartments
	$30,183				$25,514
1st mortgage	3,783	7.11%	30 yrs	09/01/21	2,993
2nd mortgage	2,961	6.31%	30 yrs	09/01/21	2,430
	$52,810				$43,692

(1) Fixed rate mortgages.

(2) See “Note B – Mortgage Notes Payable” to the financial statements included in “Item 8. Financial Statements and Supplementary Data” for information with respect to the Partnership's ability to prepay these loans and other specific details about the loans.

(3) The mortgage lender can exercise a call option on May 1, 2012 and every fifth anniversary thereafter. The mortgage lender declined to exercise its option to call the mortgages on May 1, 2012. The Partnership anticipates the mortgage lender to exercise its option to call the mortgages due in full on the next call date of May 1, 2017. The first mortgage has a stated maturity of June 1, 2030. The second, third and fourth mortgages have a stated maturity of October 1, 2033.

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 year ended December 31, 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 and are included in other assets on the balance sheets included in “Item 8. Financial Statements and Supplementary Data”.

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 year ended December 31, 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 and are included in other assets on the balance sheets included in “Item 8. Financial Statements and Supplementary Data”.

Rental Rates and Occupancy

Average annual rental rates and occupancy for ~~2011~~2012 and ~~2010~~2011 for each property were as follows:

	Average Annual		Average
	Rental Rates		Occupancy
	(per unit)
Property	~~2011~~2012	~~2010~~2011	~~2011~~2012	~~2010~~2011
Lakeside at Vinings Mountain	$1112,~~464~~175	$1011,~~935~~464	9795%	97%
Greenspoint at Paradise Valley	8,249	8,012	96%	96%
The Peak at Vinings Mountain	11,381	10,642	95%	97%
The Peak at Vinings Mountain	10,642	9,998	97%	97%
Tamarind Bay Apartments	7,803	7,895	95%	96%

The real estate industry is highly competitive. ~~All~~Both of the properties are subject to competition from other residential apartment complexes in the area. The Managing General Partner believes that ~~all~~both of the properties are adequately insured. Each property is an apartment complex which leases units for lease terms of one year or less. No residential tenant leases 10% or more of the available rental space. ~~All~~Both of the properties are in good physical condition, subject to normal depreciation and deterioration as is typical for assets of this type and age.

Real Estate Taxes and Rates

Real estate taxes and rates in ~~2011~~2012 for each property were as follows:

	2011	2011
	2012	2012
	Billing	Rate
	(in thousands)
Lakeside at Vinings Mountain	$ ~~161~~221	3.0302%
Greenspoint at Paradise Valley	207	1.09%
The Peak at Vinings Mountain	270	3.02%
The Peak at Vinings Mountain	203	3.03%
Tamarind Bay Apartments	141	2.11%

Capital Improvements

Lakeside at Vinings Mountain

During the year ended December 31, ~~2011~~2012, the Partnership completed approximately $~~300~~467,000 of capital improvements at Lakeside at Vinings Mountain, which consisted primarily of ~~parking~~interior ~~area~~ improvements, ~~floor~~structural ~~covering~~upgrades ~~replacement,~~ and ~~reconstruction~~floor ~~resulting~~covering ~~from the casualty discussed in “Item 7~~replacement. ~~Management’s Discussion and Analysis of Financial Condition and Results of Operations”.~~ These improvements were funded from operating cash flow ~~and insurance proceeds~~. 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~~2013. 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 year ended December 31, ~~2011~~2012, the Partnership completed approximately $~~438~~131,000 of capital improvements at Greenspoint at Paradise Valley, which consisted primarily of ~~roof~~sewer ~~replacement,~~upgrades ~~HVAC improvements~~ and floor covering replacement. These improvements were funded from operating cash flow. The Partnership ~~regularly~~sold ~~evaluates~~Greenspoint ~~the~~at ~~capital~~Paradise ~~improvement~~Valley ~~needs~~to ofa ~~the~~third ~~property.~~party ~~While~~on ~~the~~March ~~Partnership has no material commitments for property improvements and replacements~~29, ~~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.~~

The Peak at Vinings Mountain

During the year ended December 31, ~~2011~~2012, the Partnership completed approximately $~~379~~509,000 of capital improvements at The Peak at Vinings Mountain, which consisted primarily of ~~computer~~HVAC ~~equipment~~upgrades, ~~parking~~interior ~~area~~ improvements, and floor covering replacement ~~and reconstruction resulting from the casualty discussed in “Item 7~~. ~~Management’s Discussion and Analysis of Financial Condition and Results of Operations”.~~ These improvements were funded from operating cash flow ~~and insurance proceeds~~. 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~~2013. 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 year ended December 31, ~~2011~~2012, the Partnership completed approximately $8838,000 of capital improvements at Tamarind Bay Apartments, which consisted primarily of ~~appliance~~major landscaping and floor covering ~~replacements~~replacement. These improvements were funded from operating cash flow. The Partnership ~~regularly~~sold ~~evaluates~~Tamarind ~~the~~Bay ~~capital~~Apartments ~~improvement~~to ~~needs~~a ofthird ~~the~~party ~~property.~~on ~~While~~September ~~the Partnership has no material commitments for property improvements and replacements~~28, ~~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, ~~Partnership reserves~~ or ~~advances~~ from Partnership ~~AIMCO Properties, L~~reserves.~~P.,~~ ~~although AIMCO Properties, L.P. is not obligated to fund such advances.~~ 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.

Item 3. Legal Proceedings

None.

Item 4. Mine Safety Disclosures

Not applicable.

PART II

The Partnership, a publicly-held limited partnership, offered and sold 89,292 limited partnership units (the “Units”) aggregating $89,292,000. The Partnership had 89,~~235~~233 Units outstanding held by 2,~~873~~755 limited partners of record at December 31, ~~2011~~2012. Affiliates of the Managing General Partner owned 60,711.66 Units or 68.04% at December 31, ~~2011~~2012. No public trading market has developed for the Units, and it is not anticipated that such a market will develop in the future.

~~There~~The ~~were~~Partnership nodistributed ~~distributions~~the following amounts during the years ended December 31, ~~2011~~2012 and 2010. 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. Given the amounts accrued and payable to affiliates of the Managing General Partner at December 31, 2011, it(in ~~is not expected that the Partnership will generate sufficient funds from operations~~thousands, ~~after~~except ~~planned~~per ~~capital~~unit expenditures, to permit any distributions to its partners in 2012 or for the foreseeable future. See “Item 2. Properties – Capital Improvements” for information relating to anticipated capital expenditures at the properties.data):

In addition to its indirect ownership of the general partner interest in the Partnership, Aimco and its affiliates owned 60,711.66 Units in the Partnership representing 68.04% of the outstanding Units at December 31, 2011. 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.

		Per Limited		Per Limited
	Year Ended	Partnership	Year Ended	Partnership
	December 31, 2012	Unit	December 31, 2011	Unit

Sale (1)	$ 10,252	$ 112.58	$ --	$ --

(1) Proceeds from the March 2012 sale of Greenspoint at Paradise Valley and the September 2012 sale of Tamarind Bay Apartments.

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 distributions to its partners in 2013 or subsequent periods. See “Item 2. Properties – Capital Improvements” for information relating to anticipated capital expenditures at the properties.

In addition to its indirect ownership of the general partner interest in the Partnership, Aimco and its affiliates owned 60,711.66 Units in the Partnership representing 68.04% of the outstanding Units at December 31, 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.

Item 6. Selected Financial Data

Not applicable.

Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations

This item should be read in conjunction with the financial statements and other items contained in this report.

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’s recognized net ~~loss~~income of approximately $24,709,000 for the ~~years~~year ended December 31, ~~2011~~2012, ~~and~~compared ~~2010~~to ~~was~~net loss of approximately $6,492,000 ~~and~~for $6the year ended December 31,~~247,000,~~ ~~respectively~~2011. The ~~increase~~statement of operations included in ~~net~~“Item ~~loss~~8. isFinancial ~~due~~Statements toand anSupplementary ~~increase~~Data” infor ~~total~~the ~~expenses~~year ended December 31, ~~partially~~2011 ~~offset~~has bybeen anrestated ~~increase~~to inreflect ~~total~~the ~~revenues~~operations of Greenspoint at Paradise Valley and Tamarind Bay Apartments as loss from discontinued operations and the ~~recognition~~balance ofsheet ~~casualty~~as ~~gains~~of ~~during~~December 31, 2011 has also been restated to reflect the respective assets and liabilities of Greenspoint at Paradise Valley and Tamarind Bay Apartments as held for sale due to their sales on March 29, 2012 and September 28, 2012, respectively.

~~Total~~The ~~expenses~~following ~~increased~~table ~~due~~presents tosummarized ~~the~~results ~~recognition~~ of ~~loss~~operations onfor ~~early~~Greenspoint ~~extinguishment of debt associated with the payoff of the existing mortgages encumbering The Peak~~ at ~~Vinings~~Paradise ~~Mountain~~Valley and ~~Lakeside~~Tamarind atBay ~~Vinings~~Apartments ~~Mountain in May 2011, partially offset by decreases in operating, general and administrative, depreciation and property tax expenses. Interest expense remained relatively constant~~ for the ~~year~~years ended December 31, ~~2011.~~2012 ~~Operating expenses decreased primarily due to decreases in payroll~~ and related benefits at all of the Partnership’s investment properties, marketing expenses at three properties and contract services at The Peak at Vinings Mountain and Lakeside at Vinings Mountain, partially offset by increases in rental software maintenance expense at all four properties and utility expenses at three properties. Depreciation expense decreased due to assets becoming fully depreciated at three properties during the fourth quarter of 2010 and the first and second quarters of 2011. ~~The decrease~~ (in ~~property tax expense is primarily due to a decrease in the assessed value of all of the Partnership’s investment properties.~~thousands):

General and administrative expenses decreased due to a decrease in management reimbursements charged by the Managing General Partner as allowed under the Partnership Agreement. Also included in general and administrative expenses for the years ended December 31, 2011 and 2010 are costs associated with the quarterly and annual communications with investors and regulatory agencies and the annual audit required by the Partnership Agreement.

	Year Ended	Year Ended
	December 31, 2012	December 31, 2011
Revenues	$ 2,083	$ 4,835
Expenses	(2,875)	(6,589)
Loss on early extinguishment of debt	(2,701)	--
Loss from discontinued operations	$(3,493)	$(1,754)

~~Total~~On ~~revenues~~March ~~increased~~29, ~~due~~2012, the Partnership sold Greenspoint at Paradise Valley to ~~increases~~a inthird ~~both~~party ~~rental~~for ~~and~~a ~~other~~gross ~~income~~sale price of $29,750,000. The ~~increase~~net inproceeds ~~rental~~realized ~~income~~by isthe ~~due~~Partnership towere ~~increases~~approximately in$29,432,000 after payment of closing costs. The Partnership used approximately $15,349,000 of the ~~average~~net ~~rental~~proceeds ~~rate~~to atrepay ~~three~~the mortgages encumbering the property. As a result of the sale, the Partnership’s ~~investment~~recorded ~~properties,~~a ~~partially~~gain ~~offset~~of byapproximately ~~decreases~~$22,329,000, which is included in ~~occupancy~~gain ~~and~~from ~~the~~sale ~~average~~of ~~rental~~discontinued ~~rate~~operations. atIn ~~Tamarind~~addition, ~~Bay~~the ~~Apartments.~~Partnership ~~Other~~recorded ~~income~~a ~~increased~~loss ~~primarily~~on ~~due~~the toearly ~~increases~~extinguishment inof ~~resident~~debt ~~utility~~of ~~reimbursements~~approximately at$4,000 ~~Tamarind~~due ~~Bay~~to ~~Apartments~~the ~~and~~write ~~Greenspoint~~off atof ~~Paradise~~unamortized ~~Valley~~loan ~~and~~costs, ~~parking~~which ~~income~~is atincluded ~~Greenspoint~~in atloss ~~Paradise~~from ~~Valley~~discontinued operations.

On September 28, 2012, the Partnership sold Tamarind Bay Apartments to a third party for a gross sale price of $12,750,000. The net proceeds realized by the Partnership were approximately $12,073,000 after payment of closing costs and a credit for approximately $381,000 to the purchaser for capital improvements. The Partnership used approximately $6,670,000 of the net proceeds to repay the mortgages encumbering the property. As a result of the sale, the Partnership recorded a gain of approximately $9,106,000, 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 $2,697,000 due to the write off of unamortized loan costs of approximately $144,000 and the payment of a prepayment penalty of approximately $2,553,000, which is included in loss from discontinued operations.

The Partnership’s loss from continuing operations for the years ended December 31, 2012 and 2011 was approximately $3,233,000 and $4,738,000, respectively. The decrease in loss from continuing operations is due to an increase in total revenues and a decrease in total expenses, partially offset by the recognition of casualty gains in 2011. The increase in total revenues is due to increases in both rental and other income. Rental income increased primarily due to increases in the average rental rate, partially offset by decreases in occupancy at both The Peak at Vinings Mountain and Lakeside at Vinings Mountain. The increase in other income is primarily due to increases in lease cancellation fees at The Peak at Vinings Mountain and internet service and parking income at both The Peak at Vinings Mountain and Lakeside at Vinings Mountain.

Total expenses decreased due to decreases in general and administrative, depreciation and interest expenses and the recognition of loss on early extinguishment of debt associated with the payoff of the 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 property tax expense. Operating expense remained relatively constant for the year ended December 31, 2012. Depreciation expense decreased primarily due to assets becoming fully depreciated at both properties during the fourth quarter of 2011 and the second quarter of 2012. Interest expense decreased 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 interest incurred on 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 increase in property tax expense is primarily due to an increase in the assessed value of both properties.

General and administrative expenses decreased primarily due to decreases in management reimbursements charged by an affiliate of the Managing General Partner as allowed under the Partnership Agreement and professional expenses associated with the administration of the Partnership. Also included in general and administrative expenses for the years ended December 31, 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.

In April 2011, The Peak at Vinings Mountain sustained damages of approximately $61,000 and clean up costs of approximately $24,000 as a result of a severe storm. During the year ended December 31, 2011, the Partnership received approximately $82,000 in insurance proceeds, which included approximately $21,000 for clean up costs, which are included in operating expenses. The Partnership recognized a casualty gain of approximately $59,000 during the year ended December 31, 2011 as a result of the write off of undepreciated damaged assets of approximately $2,000.

In April 2011, Lakeside at Vinings Mountain sustained damages of approximately $10,000 and clean up costs of approximately $16,000 as a result of a severe storm. During the year ended December 31, 2011, the Partnership received approximately $24,000 in insurance proceeds, which included approximately $14,000 for clean up costs, which are included in operating expenses. The Partnership recognized a casualty gain of approximately $10,000 during the year ended December 31, 2011 as the damaged assets were fully depreciated at the time of the casualty.

Liquidity and Capital Resources

At December 31, ~~2011~~2012, the Partnership had cash and cash equivalents of approximately $~~453~~311,000, compared to approximately $~~231~~453,000 at December 31, ~~2010~~2011. Cash and cash equivalents ~~increased~~decreased approximately $~~222~~142,000 due to approximately $141,~~398~~040,000 of cash ~~provided~~used byin ~~operating~~financing activities, partially offset by approximately $140,~~052~~254,000 and $~~124~~644,000 of cash ~~used~~provided inby investing and ~~financing~~operating activities, respectively. Cash used in ~~investing activities consisted of property improvements and replacements, partially offset by insurance proceeds received. Cash used in~~ financing activities consisted of repayment of the mortgage notes ~~payable~~ encumbering ~~The~~Greenspoint ~~Peak~~ at ~~Vinings~~Paradise ~~Mountain~~Valley and ~~Lakeside~~Tamarind atBay ~~Vinings~~Apartments, ~~Mountain~~distributions to partners, repayment of advances from an affiliate, ~~prepayment~~of ~~penalties~~the ~~paid~~Managing General Partner, ~~loan~~a ~~costs~~prepayment penalty paid and principal payments made on the mortgages encumbering the Partnership’s investment properties, partially offset by ~~proceeds~~advances received from ~~the~~an ~~refinancing~~affiliate of the ~~mortgage~~Managing ~~notes~~General ~~payable~~Partner. ~~encumbering~~Cash ~~The~~provided ~~Peak~~by atinvesting ~~Vinings~~activities ~~Mountain~~consisted ~~and~~of ~~Lakeside~~net proceeds from the sales of Greenspoint at ~~Vinings~~Paradise ~~Mountain~~Valley and ~~advances~~Tamarind ~~received~~Bay ~~from~~Apartments, anpartially ~~affiliate~~offset ofby ~~the~~property ~~Managing~~improvements ~~General~~and ~~Partner~~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 ~~2010~~2011, this credit limit was exceeded. During the year ended December 31, ~~2011~~2012, AIMCO Properties, L.P. advanced the Partnership approximately $1492,~~136,~~000 to fund ~~loan application deposits and mortgage refinancing commitment fees related to The Peak at Vinings Mountain and Lakeside at Vinings Mountain and~~ real estate taxes at ~~three~~both of the Partnership’s remaining investment properties. During the year ended December 31, ~~2010~~2011, AIMCO Properties, L.P. advanced the Partnership approximately $~~710~~1,136,000 to fund ~~operations~~loan application deposits and mortgage refinancing commitment fees related to The Peak at ~~all~~Vinings ~~four~~Mountain ofand ~~the~~Lakeside ~~Partnership’s~~at ~~investment~~Vinings ~~properties~~Mountain and ~~loan~~real ~~application~~estate ~~deposits~~taxes at ~~two~~three of the Partnership’s investment properties. 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 range 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. The interest ~~rates~~rate on the outstanding advances at December 31, ~~2011~~2012 ~~ranged~~was ~~from 3.75% to~~ 5.25%. Interest expense was approximately $~~478~~74,000 and $~~852~~478,000 for the years ended December 31, ~~2011~~2012 and ~~2010~~2011, respectively. During the years ended December 31, ~~2011~~2012 and ~~2010~~2011, the Partnership repaid approximately $126,~~565~~744,000 and $112,~~412~~565,000, 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~~2012 and ~~2010~~2011, the total advances and accrued interest due to AIMCO Properties, L.P. was approximately $6166,~~344,~~000 and $176,~~295~~344,000, respectively, and ~~are~~is included in due to affiliates on the balance sheets included in “Item 8. Financial Statements and Supplementary Data”. 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. The Partnership regularly evaluates the capital improvement needs of the properties. While the Partnership has no material commitments for property improvements and replacements, certain routine capital expenditures are anticipated during ~~2012~~2013. Such capital expenditures will depend on the physical condition of the properties as well as anticipated cash flow generated by the properties. Capital expenditures will be incurred only if cash is available from operations, ~~Partnership reserves~~ or ~~advances~~ from ~~AIMCO~~Partnership ~~Properties, L~~reserves.~~P.,~~ ~~although AIMCO Properties, L.P. is not obligated to fund such advances.~~ 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 generally sufficient for any near term needs (exclusive of capital improvements ~~and repayment of advances from affiliates~~) 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 year ended December 31, 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 and are included in other assets on the balance sheets included in “Item 8. Financial Statements and Supplementary Data”.

The mortgage indebtedness encumbering Tamarind Bay Apartments of approximately $6,744,000 matures in September 2021 at which time balloon payments of approximately $5,423,000 are required. The mortgage indebtedness encumbering Greenspoint at Paradise Valley of approximately $15,549,000 has stated maturity dates between 2030 and 2033, but are callable by the lender in May 2012 and every fifth anniversary thereafter. The lender declined to exercise its option to call the mortgages on May 1, 2012. The next call date is May 1, 2017, at which time balloon payments of approximately $12,755,000 will be required if the lender exercises the option. 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.

~~There~~The ~~were~~Partnership nodistributed ~~distributions~~the following amounts during the years ended December 31, ~~2011~~2012 and 2010. 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. Given the amounts accrued and payable to affiliates of the Managing General Partner at December 31, 2011, it(in ~~is not expected that the Partnership will generate sufficient funds from operations~~thousands, ~~after~~except ~~planned~~per ~~capital~~unit ~~expenditures, to permit any distributions to its partners in 2012 or for the foreseeable future.~~data):

On January 26, 2012, the Partnership entered into a sale contract with a third party relating to the sale of Greenspoint at Paradise Valley. The sale is projected to close during the second quarter of 2012 with a purchase price of approximately $29,750,000. The Partnership has determined that certain held for sale criteria have not been met at December 31, 2011 and therefore continues to report the assets and liabilities of Greenspoint at Paradise Valley as held for investment and its operations as continuing operations.

		Per Limited		Per Limited
	Year Ended	Partnership	Year Ended	Partnership
	December 31, 2012	Unit	December 31, 2011	Unit

Sale (1)	$ 10,252	$ 112.58	$ --	$ --

(1) Proceeds from the March 2012 sale of Greenspoint at Paradise Valley and the September 2012 sale of Tamarind Bay Apartments.

Critical Accounting Policies and Estimates

A summary of the Partnership’s significant accounting policies is included in "Note A – Organization and Summary of Significant Accounting Policies" which is included in the financial statements in "Item 8. Financial Statements and Supplementary Data". The Managing General Partner believes that the consistent application of these policies enables the Partnership to provide readers of the financial statements with useful and reliable information about the Partnership’s operating results and financial condition. The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires the Partnership to make estimates and assumptions. These estimates and assumptions affect the reported amounts of assets and liabilities at the date of the financial statements as well as reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates. Judgments and assessments of uncertainties are required in applying the Partnership’s accounting policies in many areas. 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 7A. Quantitative and Qualitative Disclosures About Market Risk

Not applicable.

Item 8. Financial Statements and Supplementary Data

CENTURY PROPERTIES FUND XIX, LP

LIST OF FINANCIAL STATEMENTS

Report of Independent Registered Public Accounting Firm

Balance Sheets - December 31, ~~2011~~2012 and ~~2010~~2011

Statements of Operations - Years ended December 31, ~~2011~~2012 and ~~2010~~2011

Statements of Changes in Partners' Deficit - Years ended December 31, ~~2011~~2012 and ~~2010~~2011

Statements of Cash Flows - Years ended December 31, ~~2011~~2012 and ~~2010~~2011

Notes to Financial Statements

Report of Independent Registered Public Accounting Firm

The Partners

Century Properties Fund XIX, LP

We have audited the accompanying balance sheets of Century Properties Fund XIX, LP as of December 31, ~~2011~~2012 and ~~2010~~2011, and the related statements of operations, changes in partners' deficit, and cash flows for each of the two years in the period ended December 31, ~~2011~~2012. These financial statements are the responsibility of the Partnership's management. Our responsibility is to express an opinion on these financial statements based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. We were not engaged to perform an audit of the Partnership’s internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Partnership’s internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Century Properties Fund XIX, LP at December 31, ~~2011~~2012 and ~~2010~~2011, and the results of its operations and its cash flows for each of the two years in the period ended December 31, ~~2011~~2012, in conformity with U.S. generally accepted accounting principles.

/s/ERNST & YOUNG LLP

Greenville, South Carolina

~~March~~February 1627, ~~2012~~2013

CENTURY PROPERTIES FUND XIX, LP

BALANCE SHEETS

(in thousands)

	December 31,
	2011	2010
	2012	2011
Assets
Assets:
Cash and cash equivalents	$ ~~453~~311	$ ~~231~~453
Receivables and deposits	~~283~~56	~~315~~138
Other assets	~~758~~446	~~776~~589
Investment properties:
Land	52,~~565~~838	52,~~565~~838
Buildings and related personal property	8754,~~335~~699	9253,~~297~~994
Total investment property	9257,~~900~~537	9756,~~862~~832
Less accumulated depreciation	(6343,~~744~~064)	(6238,~~160~~472)
Investment property, net	2914,~~156~~473	3518,~~702~~360
Total assets	$ 30,650	$ 37,024
Assets held for sale	--	11,110
Liabilities and Partners' Deficit
Total assets	$ 15,286	$ 30,650
Liabilities
Liabilities and Partners' Deficit:
Accounts payable	$ 156	$ 145
Liabilities:
Tenant security deposit liabilities	265	266
Accounts payable	$ 19	$ 156
Due to affiliates	6,715	17,587
Tenant security deposit liabilities	125	121
Accrued property taxes	103	91
Other liabilities	442	598
Other liabilities	707	528
Due to affiliates	166	6,715
Mortgage notes payable	5230,~~810~~183	4230,~~021~~607
Total liabilities	60,756	60,638
Liabilities related to assets held for sale	--	22,559
Partners' Deficit
Total liabilities	30,935	60,756
General partner	(10,789)	(10,023)
Partners' Deficit:
Limited partners	(19,317)	(13,591)
General partner	(7,828)	(10,789)
Total partners’ deficit	(30,106)	(23,614)
Limited partners	(7,821)	(19,317)
Total liabilities and partners’ deficit	$ 30,650	$ 37,024
Total partners’ deficit	(15,649)	(30,106)
Total liabilities and partners’ deficit	$ 15,286	$ 30,650

See Accompanying Notes to Financial Statements

CENTURY PROPERTIES FUND XIX, LP

STATEMENTS OF OPERATIONS

(in thousands, except per unit data)

	Years Ended December 31,
	2011	2010
	2012	2011
Revenues:
Rental income	$ 95,~~386~~561	$ 95,~~150~~301
Other income	~~1,271~~651	~~1,158~~521
Total revenues	106,~~657~~212	105,~~308~~822
Expenses:
Operating	42,~~129~~014	42,~~241~~003
General and administrative	~~335~~271	~~356~~335
Depreciation	74,~~747~~864	75,~~881~~013
Interest	31,~~384~~800	32,~~350~~006
Property taxes	~~626~~496	~~727~~275
Loss on early extinguishment of debt	~~997~~--	--997
Total expenses	179,~~218~~445	1610,~~555~~629
Casualty gain	69--	--69
Net loss	$ (6,492)	$ (6,247)
Loss from continuing operations	(3,233)	(4,738)
Net loss allocated to general partner (11.8%)	$ (766)	$ (737)
Loss from discontinued operations	(3,493)	(1,754)
Net loss allocated to limited partners (88.2%)	$ (5,726)	$ (5,510)
Gain from sale of discontinued operations	31,435	--
Net loss per limited partnership unit	$ (64.14)	$ (61.72)
Net income (loss)	$24,709	$(6,492)
Net income (loss) allocated to general partner	$ 3,167	$ (766)
Net income (loss) allocated to limited partners	$21,542	$(5,726)
Per limited partnership unit:
Loss from continuing operations	$(31.94)	$(46.81)
Loss from discontinued operations	(34.53)	(17.33)
Gain from sale of discontinued operations	307.88	--
Net income (loss) per limited partnership unit	$241.41	$(64.14)
Distributions per limited partnership unit	$112.58	$ --

See Accompanying Notes to Financial Statements

CENTURY PROPERTIES FUND XIX, LP

STATEMENTS OF CHANGES IN PARTNERS' DEFICIT

(in thousands)

	General	Limited
	Partner	Partners	Total
Partners’ deficit
at December 31, 2009	$ (9,286)	$ (8,081)	$(17,367)
at December 31, 2010	$(10,023)	$(13,591)	$(23,614)
Net loss for the year ended
Net income (loss) for the year ended
December 31, 2010	(737)	(5,510)	(6,247)
Partners' deficit at
December 31, 2010	(10,023)	(13,591)	(23,614)
Net loss for the year ended
December 31, 2011	(766)	(5,726)	(6,492)
Partners' deficit at
December 31, 2011	$(10,789)	$(19,317)	$(30,106)
Distributions to partners	(206)	(10,046)	(10,252)
Net income (loss) for the year ended
December 31, 2012	3,167	21,542	24,709
Partners' deficit at
December 31, 2012	$ (7,828)	$ (7,821)	$(15,649)

See Accompanying Notes to Financial Statements

CENTURY PROPERTIES FUND XIX, LP

STATEMENTS OF CASH FLOWS

(in thousands)

	Years Ended
	December 31,
	2011	2010
	2012	2011
Cash flows from operating activities:
Net loss	$ (6,492)	$ (6,247)
Net income (loss)	$ 24,709	$ (6,492)
Adjustments to reconcile net loss to net cash provided by
Adjustments to reconcile net income (loss) to net cash
operating activities:
provided by operating activities:
Depreciation	75,~~747~~810	7,~~881~~747
Amortization of loan costs	~~118~~61	~~169~~118
Loss on early extinguishment of debt	997	--
Gain from sale of discontinued operations	(31,435)	--
Casualty gain	(69)	--
Loss on early extinguishment of debt	2,701	997
Casualty gain	--	(69)
Change in accounts:
Receivables and deposits	32227	(32)
Other assets	48103	~~(60)~~48
Accounts payable	(6916)	16(69)
Tenant security deposit liabilities	(1140)	6(1)
Accrued property taxes	12(103)	1312
Other liabilities	~~179~~(332)	60179
Due to affiliates	(~~1,104~~941)	~~821~~(1,104)
Net cash provided by operating activities	~~1,398~~644	21,~~627~~398
Cash flows from investing activities:
Property improvements and replacements	(1,~~125~~251)	(~~737~~1,125)
Insurance proceeds received	73--	--73
Net cash used in investing activities	(1,052)	(737)
Proceeds from sale of discontinued operations	41,505	--
Net cash provided by (used in) investing activities	40,254	(1,052)
Cash flows from financing activities:
Payments on mortgage notes payable	(~~990~~608)	(~~1,269~~990)
Repayment of mortgage notes payable	(1922,~~031~~019)	--(19,031)
Proceeds from mortgage notes payable	~~30,810~~--	--30,810
Advances from affiliate	~~1,136~~492	~~710~~1,136
Repayment of advances from affiliate	(106,~~904~~100)	(110,~~232~~904)
Prepayment penalties paid	(~~755~~2,553)	--(755)
Loan costs paid	~~(390)~~--	--(390)
Net cash used in financing activities	(124)	(1,791)
Distributions to partners	(10,252)	--
Net increase in cash and cash equivalents	222	99
Net cash used in financing activities	(41,040)	(124)
Cash and cash equivalents at beginning of the year	231	132
Net increase (decrease) in cash and cash equivalents	(142)	222
Cash and cash equivalents at end of the year	$ 453	$ 231
Cash and cash equivalents at beginning of the year	453	231
Cash and cash equivalents at end of the year	$ 311	$ 453
Supplemental disclosure of cash flow information:
Cash paid for interest	$ 43,~~390~~014	$ 24,~~499~~390
Supplemental disclosure of non-cash activity:
Property improvements and replacements included in
accounts payable	$ ~~106~~--	$ 26106

See Accompanying Notes to Financial Statements

CENTURY PROPERTIES FUND XIX, LP

NOTES TO FINANCIAL STATEMENTS

December 31, ~~2011~~2012

Note A - Organization and Summary of Significant Accounting Policies

Organization

Century Properties Fund XIX, LP (the "Partnership" or "Registrant"), is a California Limited Partnership organized in August 1982, to acquire, operate and ultimately sell residential apartment complexes. At December 31, ~~2011~~2012, the Partnership operated ~~four~~two residential apartment complexes located ~~throughout~~in ~~the~~Atlanta, ~~United States~~Georgia. The general partner of the Partnership is Fox Partners II, a California general partnership. The general partners of Fox Partners II are Fox Capital Management Corporation ("FCMC" or the "Managing General Partner"), a California corporation, and Fox Realty Investors ("FRI"), a California general partnership. The Managing General Partner is a subsidiary of Apartment Investment and Management Company ("Aimco"), a publicly traded real estate investment trust. The ~~capital contributions of $89,292,000 ($1,000 per unit) were made by the limited partners, including 100 Limited Partnership Units purchased by FCMC. The~~ term of the Partnership is scheduled to expire on December 31, 2024.

OnBasis ~~July 28, 2011, the Partnership entered into an agreement and plan~~ of merger (the “Merger Agreement”) with AIMCO Properties, L.P., a Delaware limited partnership and AIMCO CPF XIX Merger Sub LLC, a Delaware limited liability company of which AIMCO Properties, L.P. is the sole member (the “Merger Subsidiary”), pursuant to which the Merger Subsidiary was to be merged with and into the Partnership, with the Partnership as the surviving entity (the “Merger”). On December 29, 2011, AIMCO Properties, L.P. decided to not proceed with the merger and terminated the Merger Agreement. Presentation

The accompanying statement of operations for the year ended December 31, 2011 has been restated to reflect the operations of Greenspoint at Paradise Valley and Tamarind Bay Apartments as loss from discontinued operations and the accompanying balance sheet as of December 31, 2011 has also been restated to reflect the respective assets and liabilities of Greenspoint at Paradise Valley and Tamarind Bay Apartments as held for sale due to their sales on March 29, 2012 and September 28, 2012, respectively.

The following table presents summarized results of operations for Greenspoint at Paradise Valley and Tamarind Bay Apartments for the years ended December 31, 2012 and 2011 (in thousands):

	Year Ended December 31, 2012	Year Ended December 31, 2011
Revenues	$ 2,083	$ 4,835
Expenses	(2,875)	(6,589)
Loss on early extinguishment of debt	(2,701)	--
Loss from discontinued operations	$(3,493)	$(1,754)

Reclassifications

Certain reclassifications have been made to the 2011 balances to conform to the 2012 presentation.

Subsequent Events

The Partnership’s management evaluated subsequent events through the time this Annual Report on Form 10-K was filed.

Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.

Abandoned Units

During the years ended December 31, ~~2011~~2012 and ~~2010~~2011, the number of limited partnership units (the “Units”) decreased by 392 and 239 Units, respectively, due to limited partners abandoning their Units. At December 31, ~~2011~~2012 and ~~2010~~2011, the Partnership had outstanding 89,~~235~~233 and 89,~~274~~235 Units, respectively. In abandoning his or her Units, a limited partner relinquishes all right, title and interest in the Partnership as of the date of the abandonment.

Net Income (Loss) and Distributions Per Limited Partnership Unit

Net income (loss) per ~~Limited~~limited ~~Partnership~~partnership ~~Unit~~unit (the “Units”) is computed by dividing net income (loss) allocated to the limited partners by the number of Units outstanding at the beginning of the fiscal year. Distributions per Unit for the year ended December 31, 2012 was computed by dividing the number of Units outstanding at the beginning of the year. The number of Units used was 89,~~274~~235 and 89,~~276~~274 ~~Units~~ for the years ended December 31, ~~2011~~2012 and ~~2010~~2011, respectively.

Allocation of Income, Loss and ~~Distribution~~Distributions

Net income, net loss and distributions of cash of the Partnership are allocated between general and limited partners in accordance with the provisions of the Partnership Agreement.

Fair Value of Financial Instruments

Financial Accounting Standards Board Accounting Standards Codification (“ASC”) Topic 825, “Financial Instruments”, requires disclosure of fair value information about financial instruments, whether or not recognized in the balance sheet, for which it is practicable to estimate fair value. Fair value is defined as the amount at which the instruments could be exchanged in a current transaction between willing parties, other than in a forced or liquidation sale. The Partnership is required to classify these fair value measurements into one of three categories, based on the nature of the inputs used in the fair value measurement. Level 1 of the hierarchy includes fair value measurements based on unadjusted quoted prices in active markets for identical assets or liabilities the Partnership can access at the measurement date. Level 2 includes fair value measurements based on inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. Level 3 includes fair value measurements based on unobservable inputs. The classification of fair value measurements is subjective and generally accepted accounting principles requires the Partnership to disclose more detailed information regarding those fair value measurements classified within the lower levels of the hierarchy. The Partnership believes that the carrying amount of its financial instruments (except for mortgage notes payable) approximates their fair value due to the short-term maturity of these instruments. The Partnership estimates the fair value of its mortgage notes payable by discounting future cash flows using a discount rate commensurate with that currently believed to be available to the Partnership for similar term, mortgage notes payable. The Partnership has classified this fair value measurement within Level 2 of the fair value hierarchy. At December 31, ~~2011~~2012, the fair value of the Partnership's mortgage notes payable at the Partnership's incremental borrowing rate was approximately $5835,~~131~~158,000.

Cash and Cash Equivalents

Cash and cash equivalents include cash on hand and in banks. At certain times, the amount of cash deposited at a bank may exceed the limit on insured deposits. Cash balances include approximately $~~228~~310,000 and $83228,000 at December 31, ~~2011~~2012 and ~~2010~~2011, respectively, that are maintained by an affiliated management company on behalf of affiliated entities in cash concentration accounts.

Tenant Security Deposits

The Partnership requires security deposits from lessees for the duration of the lease ~~and such deposits are included in receivables and deposits~~. Deposits are refunded when the tenant vacates, provided the tenant has not damaged the space and is current on rental payments.

Investment Properties

Investment properties consist of ~~four~~two apartment complexes and are stated at cost, less accumulated depreciation, unless the carrying amount of the asset is not recoverable. The Partnership capitalizes costs incurred in connection with capital additions activities, including redevelopment and construction projects, other tangible property improvements and replacements of existing property components. Included in these capitalized costs are payroll costs associated with time spent by site employees in connection with the planning, execution and control of all capital additions activities at the property level. The Partnership capitalizes interest, property taxes and insurance during periods in which redevelopment and construction projects are in progress. The Partnership did not capitalize any costs related to interest, property taxes or insurance during the years ended December 31, ~~2011~~2012 and ~~2010~~2011. Capitalized costs are depreciated over the estimated useful life of the asset. The Partnership charges to expense as incurred costs that do not relate to capital additions activities, including ordinary repairs, maintenance and resident turnover costs.

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. No adjustments for impairment of value were necessary for the years ending December 31, ~~2011~~2012 and ~~2010~~2011.

Depreciation

Depreciation is provided by the straight-line method over the estimated lives of the apartment properties and related personal property. For Federal income tax purposes, the modified accelerated cost recovery method is used for depreciation of (1) real property additions over 27 1/2 years and (2) personal property additions over 5 years.

Leases

Advertising Costs

The Partnership expenses the costs of advertising as incurred. Advertising costs of approximately $~~228~~203,000 and $~~241~~228,000 for the years ended December 31, ~~2011~~2012 and ~~2010~~2011, respectively,are included in operating expense and loss from discontinued operations.

Deferred Costs

Loan costs of approximately $~~864~~390,000 and $1864,~~159,~~000 at December 31, ~~2011~~2012 and ~~2010~~2011, respectively, less accumulated amortization of approximately $~~328~~63,000 and $~~653~~328,000, respectively, are included in other assets and assets held for sale. ~~The~~During the year ended December 31, 2012, loan costs ~~are~~of ~~amortized~~approximately ~~over~~$474,000 ~~the~~and ~~terms~~amortization of ~~the~~approximately ~~related~~$326,000 ~~loan~~were ~~agreements~~written ~~and~~off in connection with ~~respect~~the tosales of Greenspoint at Paradise Valley, ~~through~~and ~~the~~Tamarind ~~first~~Bay ~~call~~Apartments. ~~date~~The inloan ~~May~~costs are amortized over the terms of ~~2012~~the related loan agreements. The total amortization expense for the years ended December 31, ~~2011~~2012 and ~~2010~~2011 was approximately $~~118~~61,000 and $~~169~~118,000, respectively, and is included in interest expense and loss from discontinued operations. Amortization expense is expected to be approximately $6939,000 for ~~2012 and approximately $55,000 for~~ each of the years 2013 through ~~2016~~2017.

Leasing commissions and other direct costs incurred in connection with successful leasing efforts are deferred and amortized over the terms of the related leases. Amortization of these costs is included in operating expenses and loss from discontinued operations.

Segment Reporting

ASC Topic 280-10, “Segment Reporting”, established standards for the way that public business enterprises report information about operating segments in annual financial statements and requires that those enterprises report selected information about operating segments in interim financial reports. ASC Topic 280-10 also established standards for related disclosures about products and services, geographic areas, and major customers. As defined in ASC Topic 280-10, the Partnership has only one reportable segment.

Note B - Mortgage Notes Payable

	Principal Balance At December 31,			Monthly			Principal
Property	Principal Balance December 31, 2012	Principal Balance December 31, 2011	Monthly Payment Including Interest	Stated Interest Rate (1)	Maturity Date	Principal Balance Due at Maturity
				Payment	Stated		Balance
	(in thousands)		(in thousands)			(in thousands)
				Including	Interest	Maturity	Due At
Lakeside at Vinings Mountain 1st mortgage	$14,677	$14,883	$ 85	5.53%	06/01/21	$12,405
Property	2011		2010	Interest	Rate (1)	Date	Maturity
The Peak at Vinings Mountain 1st mortgage	15,506	15,724	90	5.54%	06/01/21	13,109
	(in thousands)			(in thousands)			(in thousands)
	$30,183	$30,607	$ 175			$25,514
Lakeside at Vinings
Mountain
1st mortgage	$14,883	$ 5,449		$ 85	5.53%	06/01/21	$12,405
2nd mortgage	--	3,848		--	--	--	--
Greenspoint at
Paradise Valley
1st mortgage	9,362	9,652		66	5.31%	05/01/17(2)	7,526
2nd mortgage	2,813	2,876		19	5.79%	05/01/17(2)	2,413
3rd mortgage	1,642	1,678		11	5.82%	05/01/17(2)	1,408
4th mortgage	1,642	1,678		11	5.82%	05/01/17(2)	1,408
The Peak at Vinings
Mountain
1st mortgage	15,724	6,154		90	5.54%	06/01/21	13,109
2nd mortgage	--	3,848		--	--	--	--
Tamarind Bay
Apartments
1st mortgage	3,783	3,839		27	7.11%	09/01/21	2,993
2nd mortgage	2,961	2,999		19	6.31%	09/01/21	2,430
	$52,810	$42,021		$ 328			$43,692

(1) Fixed rate mortgages.

(2) The mortgage lender can exercise a call option on May 1, 2012 and every fifth anniversary thereafter. The mortgage lender declined to exercise its option to call the mortgages on May 1, 2012. The Partnership anticipates the mortgage lender to exercise its option to call the mortgages due in full on the next call date of May 1, 2017. The first mortgage has a stated maturity date of June 1, 2030. The second, third and fourth mortgages have a stated maturity of October 1, 2033.

The mortgage notes payable are non-recourse and are secured by a pledge of the Partnership’s investment properties and by a pledge of revenues from the respective investment properties. The mortgage notes payable include a prepayment penalty if repaid prior to maturity. Further, the properties may not be sold subject to existing indebtedness.

Scheduled principal payments of the mortgage notes payable subsequent to December 31, ~~2011~~2012 are as follows (in thousands):

2012	$ 973
2013	$ 448
2013	1,029
2014	473
2014	1,089
2015	500
2015	1,152
2016	529
2016	1,219
2017	559
Thereafter	4727,~~348~~674
	$52,810
	$30,183

Note C - Income Taxes

The Partnership is classified as a partnership for Federal income tax purposes. Accordingly, no provision for income taxes is made in the financial statements of the Partnership. Taxable income or loss of the Partnership is reported in the income tax returns of its partners.

The following is a reconciliation of reported net income (loss) and Federal taxable income (loss) for the years ended December 31, ~~2011~~2012 and ~~2010~~2011 (in thousands, except per unit data):

	2011	2010
	2012	2011
Net loss as reported	$ (6,492)	$ (6,247)
Net income (loss) as reported	$ 24,709	$ (6,492)
Add (deduct):
Depreciation differences	32,~~561~~529	23,~~698~~561
Unearned income	(24)	3
Gain (loss) on disposal of property	1,484	--
Other	84	52
Unearned income	(29)	(24)
Federal taxable loss	$ (2,871)	$ (3,494)
Other	(80)	84
Federal taxable loss per limited partnership unit	$ (28.36)	$ (34.51)
Federal taxable income (loss)	$ 28,613	$ (2,871)
Federal taxable income (loss) per limited partnership unit	$ 179.00	$ (28.36)

The following is a reconciliation between the Partnership's reported amounts and Federal tax basis of net liabilities (in thousands):

	2011	2010
	2012	2011
Net liabilities as reported	$ (3015,~~106~~649)	$ (2330,~~614~~106)
Land and buildings	42,~~142~~913	(14,~~990)~~142
Accumulated depreciation	(72,~~602~~360)	(57,~~027~~602)
Deferred sales commission	7,947	7,947
Syndication and distribution costs	4,451	4,451
Other	~~413~~304	~~348~~413
Net liabilities - Federal tax basis	$ (202,~~755~~394)	$ (1720,~~885~~755)

Note D -– Transactions with Affiliated Parties

The Partnership has no employees and depends on the Managing General Partner and its affiliates for the management and administration of all Partnership activities. The Partnership Agreement provides for certain payments to affiliates for services and as reimbursement of certain expenses incurred by affiliates on behalf of the Partnership.

Affiliates of the Managing General Partner receive 5% of gross receipts from all of the Partnership's properties as compensation for providing property management services. The Partnership paid to such affiliates approximately $~~528~~413,000 and $~~506~~528,000 for the years ended December 31, ~~2011~~2012 and ~~2010~~2011, respectively, which are included in operating expenses.

~~An affiliate of the Managing General Partner charged the Partnership for reimbursement of accountable administrative expenses amounting to approximately $125,000~~ and ~~$139,000~~loss ~~for~~from ~~the~~discontinued ~~years ended December 31, 2011 and 2010, respectively, which is included in general and administrative expenses~~operations. ~~At December 31, 2011 and 2010, approximately $371,000 and $292,000, respectively, of reimbursements were due to the Managing General Partner and are included in due to affiliates.~~

~~Pursuant~~An toaffiliate of the ~~Partnership~~Managing ~~Agreement,~~General ~~for~~Partner ~~managing~~charged the ~~affairs~~Partnership offor ~~the~~reimbursement ~~Partnership,~~of ~~the~~accountable ~~Managing~~administrative ~~General~~expenses ~~Partner~~amounting isto ~~entitled~~approximately to$78,000 ~~receive~~and a$125,000 ~~Partnership~~for ~~management~~the ~~fee~~years ~~equal~~ended toDecember ~~10%~~31, of2012 ~~the~~and ~~Partnership's~~2011, ~~adjusted~~respectively, ~~cash~~which ~~from~~is ~~operations~~included asin ~~distributed.~~general ~~During~~and ~~the~~administrative ~~years~~expenses. ~~ended~~At December 31, 2011, ~~and~~approximately ~~2010~~$371,000 noof ~~fee~~reimbursements ~~was~~were ~~earned~~due asto ~~there~~the Managing General Partner and are included in due to affiliates. There were no ~~distributions~~such ~~from~~amounts ~~operations~~owed at December 31, 2012.

~~AIMCO~~Pursuant ~~Properties, L.P., an affiliate of the Managing General Partner has made available~~ to the Partnership ~~a credit line of up to $150~~Agreement,~~000~~ ~~per~~for ~~property~~managing ~~owned by~~ the ~~Partnership.~~affairs ~~Prior~~of ~~to 2010, this credit limit was exceeded. During~~ the ~~year ended December 31~~Partnership, ~~2011, AIMCO Properties, L.P. advanced~~ the ~~Partnership~~Managing ~~approximately~~General ~~$1,136,000~~Partner tois ~~fund~~entitled ~~loan application deposits and mortgage refinancing commitment fees related~~ to ~~The~~receive ~~Peak~~a ~~at Vinings Mountain and Lakeside at Vinings Mountain and real estate taxes at three of the~~ Partnership’s ~~investment~~management ~~properties.~~fee ~~During~~equal ~~the year ended December 31, 2010, AIMCO Properties, L.P. advanced the Partnership approximately $710,000~~ to ~~fund~~10% ~~operations at all four~~ of the Partnership’'s ~~investment~~adjusted ~~properties~~cash and loan application deposits at two investment properties. 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 range from ~~the~~operations ~~prime~~as ~~rate plus 0~~distributed.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. The interest rates on outstanding advances at December 31, 2011 ranged from 3.75% to 5.25%. Interest expense was approximately $478,000 and $852,000 for the years ended December 31, 2011 and 2010, respectively. During the years ended December 31, ~~2011~~2012 and ~~2010, the Partnership repaid approximately $12,565,000 and $1,412,000, respectively, of advances and accrued interest with refinancing proceeds and cash from operations. At December 31,~~ 2011 ~~and 2010~~, ~~the~~no ~~total~~fee ~~advances and accrued interest due to AIMCO Properties, L.P.~~ was ~~approximately~~earned ~~$6,344,000~~as ~~and~~there ~~$17,295,000,~~were ~~respectively,~~no ~~and~~distributions ~~are included in due to affiliates. The Partnership may receive additional advances of funds~~ from ~~AIMCO Properties, L~~operations.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~~AIMCO Properties, L.P., an affiliate of the Managing General Partner has made available to the Partnership ~~insures~~a ~~its~~credit ~~properties~~line of up to ~~certain~~$150,000 ~~limits~~per ~~through~~property ~~coverage~~owned ~~provided~~ by ~~Aimco~~the ~~which~~Partnership. isPrior ~~generally~~to ~~self-insured~~2011, ~~for~~this acredit ~~portion~~limit was exceeded. During the year ended December 31, 2012, AIMCO Properties, L.P. advanced the Partnership approximately $492,000 to fund real estate taxes at both of ~~losses~~the Partnership’s remaining investment properties. During the year ended December 31, 2011, AIMCO Properties, L.P. advanced the Partnership approximately $1,136,000 to fund loan application deposits and ~~liabilities~~mortgage refinancing commitment fees related to ~~workers~~The Peak at Vinings Mountain and Lakeside at Vinings Mountain and real estate taxes at three of the Partnership’s ~~compensation,~~investment ~~property~~properties. ~~casualty~~AIMCO Properties, ~~general~~L.P. ~~liability~~charges ~~and~~interest ~~vehicle~~on ~~liability~~advances under the terms permitted by the Partnership Agreement. The interest rates charged on the outstanding advances made to the Partnership ~~insures~~range ~~its~~from ~~properties~~the ~~above~~prime rate plus 0.5% to a variable rate based on the ~~Aimco~~prime ~~limits~~rate ~~through~~plus ~~insurance~~a ~~policies~~market ~~obtained~~rate byadjustment ~~Aimco~~for ~~from~~similar ~~insurers~~type ~~unaffiliated~~loans. ~~with~~Affiliates of the Managing General Partner review the market rate adjustment quarterly. ~~During~~The interest rate on the outstanding advances at December 31, 2012 was 5.25%. Interest expense was approximately $74,000 and $478,000 for the years ended December 31, 2012 and 2011, respectively. During the years ended December 31, 2012 and ~~2010~~2011, the Partnership ~~paid~~repaid ~~Aimco~~approximately $6,744,000 and ~~its~~$12,565,000, ~~affiliates~~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, 2012 and 2011, the total advances and accrued interest due to AIMCO Properties, L.P. was approximately $~~159~~166,000 and $~~218~~6,344,000, respectively, ~~for~~and ~~insurance~~is ~~coverage~~included ~~and~~in ~~fees~~due ~~associated~~to affiliates. 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 ~~policy~~the ~~claims~~Securities ~~administration~~and Exchange Commission.

InThe ~~addition to its indirect ownership of the general partner interest in the~~ Partnership, ~~Aimco~~insures ~~and~~ its ~~affiliates~~properties ~~owned~~up ~~60,711.66~~to ~~Units~~certain inlimits ~~the~~through ~~Partnership~~coverage ~~representing~~provided ~~68.04% of the outstanding Units at December 31, 2011. A number of these Units were acquired pursuant to tender offers made~~ by Aimco orwhich ~~its affiliates. It~~ is ~~possible~~generally ~~that~~self-insured ~~Aimco or its affiliates will acquire additional Units in exchange~~ for ~~cash or~~ a ~~combination~~portion of ~~cash~~losses and ~~units~~liabilities inrelated ~~AIMCO Properties, L.P., the operating partnership of Aimco, either through private purchases or tender offers. Pursuant~~ to ~~the~~workers’ ~~Partnership Agreement~~compensation, ~~Unit~~property ~~holders holding a majority of the Units are entitled to take action with respect to a variety of matters that include~~casualty, ~~but~~general ~~are not limited to~~liability, ~~voting on certain amendments to the Partnership Agreement~~ and ~~voting~~vehicle ~~to remove the Managing General Partner~~liability. AsThe aPartnership ~~result~~insures of its ~~ownership~~properties ofabove ~~68.04% of~~ the ~~outstanding Units,~~ Aimco ~~and~~limits ~~its~~through ~~affiliates~~insurance ~~are~~policies inobtained aby ~~position~~Aimco tofrom ~~influence~~insurers ~~all~~unaffiliated ~~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~~During ~~of Aimco, agreed to vote such Units: (i) against any increase in compensation payable to~~ the ~~Managing~~years ~~General~~ended ~~Partner~~December or31, to2012 ~~its affiliates;~~ and ~~(ii) on all other matters submitted by it or its affiliates~~2011, ~~in proportion to~~ the ~~vote~~Partnership ~~cast~~was charged by ~~third party unitholders. Except for the foregoing, no other limitations are imposed on IPLP's,~~ Aimco's orand ~~any~~its ~~other~~ affiliates' ~~right~~approximately ~~to vote each Unit held. Although the General Partner owes fiduciary duties to the limited partners of the Partnership~~$140,000 ~~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~~$159, ~~the duties of the Managing General Partner~~000, ~~as managing general partner~~respectively, tofor ~~the~~insurance ~~Partnership~~coverage and ~~its~~fees ~~limited~~associated ~~partners may come into conflict~~ with ~~the~~policy ~~duties~~claims ~~of the Managing General Partner to Aimco as its sole stockholder~~administration.

In addition to its indirect ownership of the general partner interest in the Partnership, Aimco and its affiliates owned 60,711.66 Units in the Partnership representing 68.04% of the outstanding Units at December 31, 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.

Note E – Investment Properties and Accumulated Depreciation

		Initial Cost
		Initial Cost To Partnership
		To Partnership
		(in thousands)
			Buildings	Net Cost
Description	Encumbrances	Land	Buildings and Related Personal Property	Net Cost Capitalized Subsequent to Acquisition
			and Related	Capitalized
			Personal	Subsequent to
Description	Encumbrances	Land	Property	Acquisition
	(in thousands)			(in thousands)
Lakeside at Vinings
Lakeside at Vinings Mountain	$14,677	$ 1,206	$10,980	$14,374
Mountain	$14,883	$ 1,206	$10,980	$14,041
The Peak at Vinings Mountain	15,506	1,632	12,321	17,024
Greenspoint at Paradise
	$30,183	$ 2,838	$23,301	$31,398
Valley	15,459	2,165	11,199	11,107
The Peak at Vinings
Mountain	15,724	1,632	12,321	16,652
Tamarind Bay Apartments	6,744	634	6,485	4,478
	$52,810	$ 5,637	$40,985	$46,278

	Gross Amount At Which Carried
	At December 31, 2011
	At December 31, 2012
	(in thousands)
		Buildings
Description	Land	Buildings and Related Personal Property	Total	Accumulated Depreciation	Year of Construction	Date Acquired	Depreciable Life
		and Related
				(in thousands)
		Personal		Accumulated	Year of	Date	Depreciable
Lakeside at Vinings Mountain	$ 1,206	$25,354	$ 26,560	$20,257	1983	12/83	5-30 yrs
Description	Land	Property	Total	Depreciation	Construction	Acquired	Life
The Peak at Vinings Mountain	1,632	29,345	30,977	22,807	1982	4/84	5-30 yrs
				(in thousands)
	$ 2,838	$54,699	$ 57,537	$43,064
Lakeside at Vinings
Mountain	$1,206	$25,021	$26,227	$18,190	1983	12/83	5-30 yrs
Greenspoint at Paradise
Valley	2,140	22,331	24,471	17,006	1984	2/84	5-30 yrs
The Peak at Vinings
Mountain	1,632	28,973	30,605	20,282	1982	4/84	5-30 yrs
Tamarind Bay
Apartments	587	11,010	11,597	8,266	1981	7/84	5-30 yrs
	$5,565	$87,335	$92,900	$63,744

Reconciliation of "Investment Properties and Accumulated Depreciation":

	Years Ended December 31,
	2011	2010
	2012	2011
	(in thousands)
Investment Properties
Balance at beginning of year	$ 9792,~~862~~900	$ 97,~~156~~862
Property improvements	1,~~205~~145	~~706~~1,205
Retirement of assets	(~~6,137~~327)	--(6,137)
Disposal of assets	(30)	--
Sale of investment property	(36,181)	--
Balance at end of year	$ 92,900	$ 97,862
Disposal of assets	--	(30)
Balance at end of year	$ 57,537	$ 92,900
Accumulated Depreciation
Balance at beginning of year	$ 6263,~~160~~744	$ 5462,~~279~~160
Additions charged to expense	75,~~747~~810	7,~~881~~747
Retirement of assets	(~~6,137~~327)	--(6,137)
Disposal of assets	(26)	--
Sale of investment property	(26,163)	--
Balance at end of year	$ 63,744	$ 62,160
Disposal of assets	--	(26)
Balance at end of year	$ 43,064	$ 63,744

During the ~~year~~years ended December 31, 2012 and 2011, the Partnership retired and wrote off personal property no longer being used that had a cost basis of approximately $327,000 and $6,137,000, respectively, and accumulated depreciation of approximately $327,000 and $6,137,000, respectively.

The aggregate cost of the investment properties for Federal income tax purposes at December 31, ~~2011~~2012 and ~~2010~~2011 is approximately $9760,~~042~~450,000 and $9597,~~872~~042,000, respectively. The accumulated depreciation for Federal income tax purposes at December 31, ~~2011~~2012 and ~~2010~~2011 is approximately $7145,~~346~~424,000 and $6771,~~187~~346,000, respectively.

Note F -– ~~Casualty~~Sale ~~Events~~of Investment Property

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, 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 loss from discontinued operations.

On September 28, 2012, the Partnership sold Tamarind Bay Apartments to a third party for a gross sale price of $12,750,000. The net proceeds realized by the Partnership were approximately $12,073,000 after payment of closing costs and a credit for approximately $381,000 to the purchaser for capital improvements. The Partnership used approximately $6,670,000 of the net proceeds to repay the mortgages encumbering the property. As a result of the sale, the Partnership recorded a gain of approximately $9,106,000, 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 $2,697,000 due to the write off of unamortized loan costs of approximately $144,000 and the payment of a prepayment penalty of approximately $2,553,000, which is included in loss from discontinued operations.

Note G – Distributions

The Partnership distributed the following amounts during the years ended December 31, 2012 and 2011 (in thousands, except per unit data):

		Per Limited		Per Limited
	Year Ended	Partnership	Year Ended	Partnership
	December 31, 2012	Unit	December 31, 2011	Unit

Sale (1)	$ 10,252	$ 112.58	$ --	$ --

(1) Proceeds from the March 2012 sale of Greenspoint at Paradise Valley and the September 2012 sale of Tamarind Bay Apartments.

Note H - Casualty Events

Note GI - Contingencies

The Partnership is unaware of any pending or outstanding litigation matters involving it or its investment properties that are not of a routine nature arising in the ordinary course of business.

~~Environmental~~Various Federal, state and local laws subject property owners or operators to liability for management, and the costs of removal or remediation, of certain potentially hazardous materials present on a property, including lead-based paint, asbestos, polychlorinated biphenyls, petroleum-based fuels, and other miscellaneous materials. Such laws often impose liability without regard to whether the owner or operator knew of, or was responsible for, the release or presence of such materials. The presence of, or the failure to manage or remedy properly, these materials may adversely affect occupancy at affected apartment communities and the ability to sell or finance affected properties. In addition to the costs associated with investigation and remediation actions brought by government agencies, and potential fines or penalties imposed by such agencies in connection therewith, the improper management of these materials on a property could result in claims by private plaintiffs for personal injury, disease, disability or other infirmities. Various laws also impose liability for the cost of removal, remediation or disposal of these materials through a licensed disposal or treatment facility. Anyone who arranges for the disposal or treatment of these materials is potentially liable under such laws. These laws often impose liability whether or not the person arranging for the disposal ever owned or operated the disposal facility. In connection with the ownership, operation and management of its properties, the Partnership could potentially be responsible for environmental liabilities or costs associated with its properties.

~~Various~~Item Federal, state and local laws subject property owners or operators to liability for management, and the costs of removal or remediation, of certain potentially hazardous materials present on a property, including lead-based paint, asbestos, polychlorinated biphenyls, petroleum-based fuels, and other miscellaneous materials9. Changes ~~Such~~in laws often impose liability without regard to whether the owner or operator knew of, or was responsible for, the release or presence of such materials. The presence of, or the failure to manage or remedy properly, these materials may adversely affect occupancy at affected apartment communities and ~~the~~Disagreements ~~ability to sell or finance affected properties. In addition to the costs associated~~ with ~~investigation~~Accountants ~~and remediation actions brought by government agencies, and potential fines or penalties imposed by such agencies in connection therewith, the improper management of these materials~~ on aAccounting property could result in claims by private plaintiffs for personal injury, disease, disability or other infirmities. Various laws also impose liability for the cost of removal, remediation or disposal of these materials through a licensed disposal or treatment facility. Anyone who arranges for the disposal or treatment of these materials is potentially liable under such laws. These laws often impose liability whether or not the person arranging for the disposal ever owned or operated the disposal facility. In connection with the ownership, operation and ~~management~~Financial ~~of its properties, the Partnership could potentially be responsible for environmental liabilities or costs associated with its properties.~~Disclosure

~~Note H – Subsequent Event~~None.

Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure

None.

Item 9A. 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.

Management’s Report on Internal Control Over Financial Reporting

The Partnership’s management is responsible for establishing and maintaining adequate internal control over financial reporting. Internal control over financial reporting is defined in Rule 13a-15(f) and 15d-15(f) under the Exchange Act as a process designed by, or under the supervision of, the principal executive and principal financial officers of the Managing General Partner, who are the equivalent of the Partnership’s principal executive officer and principal financial officer, respectively, and effected by the Partnership’s management and other personnel to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles and includes those policies and procedures that:

· pertain to the maintenance of records that in reasonable detail accurately and fairly reflect the transactions and dispositions of assets;

· provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures are being made only in accordance with authorizations of the Partnership’s management; and

· provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Projections of any evaluation of effectiveness to future periods are subject to the risks that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

The Partnership’s management assessed the effectiveness of the Partnership’s internal control over financial reporting as of December 31, ~~2011~~2012. In making this assessment, the Partnership’s management used the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission (COSO) in Internal Control-Integrated Framework.

Based on their assessment, the Partnership’s management concluded that, as of December 31, ~~2011~~2012, the Partnership’s internal control over financial reporting is effective.

This annual report does not include an attestation report of the Partnership’s registered public accounting firm regarding internal control over financial reporting. Management’s report was not subject to attestation by the Partnership’s registered public accounting firm pursuant to rules of the Securities and Exchange Commission that permit the Partnership to provide only management’s report in this annual report.

(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 fourth quarter of ~~2011~~2012 that has materially affected, or is reasonably likely to materially affect, the Partnership’s internal control over financial reporting.

Item 9B. Other Information

None.

PART III

Item 10. Directors, Executive Officers and Corporate Governance

Neither Century Properties Fund XIX, LP (the “Partnership” or the “Registrant”) nor Fox Partners II (“Fox”), the general partner of the Partnership, has any directors or officers. Fox Capital Management Corporation (“FCMC” or the “Managing General Partner”), the managing general partner of Fox, manages and controls substantially all of the Partnership’s affairs and has general responsibility and ultimate authority in all matters affecting its business.

The names and ages of, as well as the positions and offices held by, the present directors and officers of the Managing General Partner are set forth below. There are no family relationships between or among any officers or directors.

Name	Age	Position
Steven D. Cordes	4041	Director and Senior Vice President
John Bezzant	4950	Director and Executive Vice President
Ernest M. Freedman	4142	Executive Vice President and Chief Financial Officer
Lisa R. Cohn	4344	Executive Vice President, General Counsel and Secretary
Paul Beldin	3839	Senior Vice President and Chief Accounting Officer
Stephen B. Waters	5051	Senior Director of Partnership Accounting

Steven D. Cordes was appointed as a Director of the Managing General Partner effective March 2, 2009. Mr. Cordes has been a Senior Vice President of the Managing General Partner and Aimco since May 2007. Mr. Cordes joined Aimco in 2001 as a Vice President of Capital Markets with responsibility for Aimco’s joint ventures and equity capital markets activity. Prior to joining Aimco, Mr. Cordes was a manager in the financial consulting practice of PricewaterhouseCoopers. Effective March 2009, Mr. Cordes was appointed to serve as the equivalent of the chief executive officer of the Partnership. Mr. Cordes brings particular expertise to the Board in the areas of asset management as well as finance and accounting.

John Bezzant was appointed as a Director of the Managing General Partner effective December 16, 2009. Mr. Bezzant was appointed Executive Vice President of the Managing General Partner and Aimco in January 2011 and prior to that time was a Senior Vice President of the Managing General Partner and Aimco since joining Aimco in June 2006. Prior to joining Aimco, Mr. Bezzant spent over 20 years with Prologis, Inc. and Catellus Development Corporation in a variety of executive positions, including those with responsibility for transactions, fund management, asset management, leasing and operations. Mr. Bezzant brings particular expertise to the Board in the areas of real estate finance, property operations, sales and development.

Ernest M. Freedman was appointed Executive Vice President and Chief Financial Officer of the Managing General Partner and Aimco in November 2009. Mr. Freedman joined Aimco in 2007 as Senior Vice President of Financial Planning and Analysis and has served as Senior Vice President of Finance since February 2009, responsible for financial planning, tax, accounting and related areas. Prior to joining Aimco, from 2004 to 2007, Mr. Freedman served as chief financial officer of HEI Hotels and Resorts.

Lisa R. Cohn was appointed Executive Vice President, General Counsel and Secretary of the Managing General Partner and Aimco in December 2007. From January 2004 to December 2007, Ms. Cohn served as Senior Vice President and Assistant General Counsel of Aimco. Ms. Cohn joined Aimco in July 2002 as Vice President and Assistant General Counsel. Prior to joining Aimco, Ms. Cohn was in private practice with the law firm of Hogan and Hartson LLP.

Paul Beldin joined Aimco in May 2008 and has served as Senior Vice President and Chief Accounting Officer of Aimco and the Managing General Partner since that time. Prior to joining Aimco, Mr. Beldin served as controller and then as chief financial officer of America First Apartment Investors, Inc., a publicly traded multifamily real estate investment trust, from May 2005 to September 2007 when the company was acquired by Sentinel Real Estate Corporation. Prior to joining America First Apartment Investors, Inc., Mr. Beldin was a senior manager at Deloitte and Touche LLP, where he was employed from August 1996 to May 2005, including two years as an audit manager in SEC services at Deloitte’s national office.

Stephen B. Waters was appointed Senior Director of Partnership Accounting of Aimco and the Managing General Partner in June 2009. Mr. Waters has responsibility for partnership accounting with Aimco and serves as the ~~principal~~equivalent of the chief financial officer of the ~~Managing General Partner~~Partnership. Mr. Waters joined Aimco as a Director of Real Estate Accounting in September 1999 and was appointed Vice President of the Managing General Partner and Aimco in April 2004. Prior to joining Aimco, Mr. Waters was a senior manager at Ernst & Young LLP.

The Registrant is not aware of the involvement in any legal proceedings with respect to the directors and executive officers listed in this Item 10.

One or more of the above persons are also directors and/or officers of a general partner (or general partner of a general partner) of limited partnerships which either have a class of securities registered pursuant to Section 12(g) of the Securities Exchange Act of 1934, or are subject to the reporting requirements of Section 15(d) of such Act. Further, one or more of the above persons are also officers of Apartment Investment and Management Company and the general partner of AIMCO Properties, L.P., entities that have a class of securities registered pursuant to Section 12(g) of the Securities Exchange Act of 1934, or are subject to the reporting requirements of Section 15 (d) of such Act.

The board of directors of the Managing General Partner does not have a separate audit committee. As such, the board of directors of the Managing General Partner fulfills the functions of an audit committee. The board of directors has determined that Steven D. Cordes meets the requirement of an "audit committee financial expert".

The directors and officers of the Managing General Partner with authority over the Partnership are all employees of subsidiaries of Aimco. Aimco has adopted a code of ethics that applies to such directors and officers that is posted on Aimco's website (www.Aimco.com). Aimco's website is not incorporated by reference to this filing.

Item 11. Executive Compensation

Neither the directors nor any of the officers of the Managing General Partner received any remuneration from the Partnership during the year ended December 31, ~~2011~~2012.

Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Except as noted below, no person or entity was known by the Partnership to be the beneficial owner of more than 5% of the Units of Limited Partnership Interest of the Partnership as of December 31, ~~2011~~2012.

Entity	Number of Units	Percent of Total

AIMCO IPLP, L.P.	25,228.66	28.28%
(an affiliate of Aimco)
Fox Capital Management Corporation	100.00	0.11%
(an affiliate of Aimco)
IPLP Acquisition I, LLC	4,892.00	5.48%
(an affiliate of Aimco)
AIMCO Properties, L.P.	30,491.00	34.17%
(an affiliate of Aimco)

AIMCO IPLP, L.P. Fox Capital Management Corporation and IPLP Acquisition I, LLC are indirectly ultimately owned by Aimco. Their business address is 80 International Drive, Greenville, South Carolina 29601.

AIMCO Properties, L.P. is indirectly ultimately controlled by Aimco. Its business address is 4582 S. Ulster St. Parkway, Suite 1100, Denver, Colorado 80237.

No director or officer of the Managing General Partner owns any Units.

An affiliate of the Managing General Partner charged the Partnership for reimbursement of accountable administrative expenses amounting to approximately $~~125~~78,000 and $~~139~~125,000 for the years ended December 31, ~~2011~~2012 and ~~2010~~2011, respectively, which is included in general and administrative expenses on the statements of operations included in “Item 8. Financial Standards and Supplementary Data”. At December 31, 2011 ~~and 2010~~, approximately $371,000 ~~and $292,000, respectively,~~ of reimbursements were due to the Managing General Partner and are included in due to affiliates on the balance sheets included in “Item 8. Financial Statements and Supplementary Data”. There were no such amounts owed at December 31, 2012.

Pursuant to the Partnership Agreement, for managing the affairs of the Partnership, the Managing General Partner is entitled to receive a Partnership management fee equal to 10% of the Partnership's adjusted cash from operations as distributed. During the years ended December 31, ~~2011~~2012 and ~~2010~~2011, no fee was earned as there were no distributions from operations.

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 ~~2010~~2011, this credit limit was exceeded. During the year ended December 31, ~~2011~~2012, AIMCO Properties, L.P. advanced the Partnership approximately $1492,~~136,~~000 to fund ~~loan application deposits and mortgage refinancing commitment fees related to The Peak at Vinings Mountain and Lakeside at Vinings Mountain and~~ real estate taxes at ~~three~~both of the Partnership’s remaining investment properties. During the year ended December 31, ~~2010~~2011, AIMCO Properties, L.P. advanced the Partnership approximately $~~710~~1,136,000 to fund ~~operations~~loan application deposits and mortgage refinancing commitment fees related to The Peak at ~~all~~Vinings ~~four~~Mountain ofand ~~the~~Lakeside ~~Partnership’s~~at ~~investment~~Vinings ~~properties,~~Mountain and ~~loan~~real ~~application~~estate ~~deposits~~taxes at ~~two~~three of the Partnership’s investment properties. 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 range 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. The interest ~~rates~~rate on the outstanding advances at December 31, ~~2011~~2012 ~~ranged~~was ~~from 3.75% to~~ 5.25%. Interest expense was approximately $~~478~~74,000 and $~~852~~478,000 for the years ended December 31, ~~2011~~2012 and ~~2010~~2011, respectively. During the years ended December 31, ~~2011~~2012 and ~~2010~~2011, the Partnership repaid approximately $126,~~565~~744,000 and $112,~~412~~565,000, 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~~2012 and ~~2010~~2011, the total advances and accrued interest due to AIMCO Properties, L.P. was approximately $6166,~~344,~~000 and $176,~~295~~344,000, respectively, and ~~are~~is included in due to affiliates on the balance sheets included in “Item 8. Financial Statements and Supplementary Data”. 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 Partnership insures its properties up to certain limits through coverage provided by Aimco which is generally self-insured for a portion of losses and liabilities related to workers’ compensation, property casualty, general liability, and vehicle liability. The Partnership insures its properties above the Aimco limits through insurance policies obtained by Aimco from insurers unaffiliated with the Managing General Partner. During the years ended December 31, ~~2011~~2012 and ~~2010~~2011, the Partnership ~~paid~~was charged by Aimco and its affiliates approximately $~~159~~140,000 and $~~218~~159,000, respectively, for insurance coverage and fees associated with policy claims administration.

In addition to its indirect ownership of the general partner interest in the Partnership, Aimco and its affiliates owned 60,711.66 Units in the Partnership representing 68.04% of the outstanding Units at December 31, ~~2011~~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.

Neither of the Managing General Partner's directors is independent under the independence standards established for New York Stock Exchange listed companies as both directors are employed by the parent of the Managing General Partner.

Item 14. Principal Accounting Fees and Services

The Managing General Partner has reappointed Ernst & Young LLP as independent auditors to audit the financial statements of the Partnership for ~~2012~~2013. The aggregate fees billed for services rendered by Ernst & Young LLP for ~~2011~~2012 and ~~2010~~2011 are described below.

Audit Fees. Fees for audit services totaled approximately $5764,000 and $6157,000 for ~~2011~~2012 and ~~2010~~2011, respectively. Fees for audit services also include fees for the reviews of the Partnership's Quarterly Reports on Form 10-Q.

Tax Fees. Fees for tax services totaled approximately $13,000 and $11,000 for ~~both~~2012 ~~2011~~ and ~~2010~~2011, respectively.

PART IV

Item 15. Exhibits, Financial Statement Schedules

(a) The following financial statements of the Registrant are included in Item 8:

Balance Sheets at December 31, ~~2011~~2012 and ~~2010~~2011.

Statements of Operations for the years ended December 31, ~~2011~~2012 and ~~2010~~2011.

Statements of Changes in Partners' Deficit for the years ended December 31, ~~2011~~2012 and ~~2010~~2011.

Statements of Cash Flows for the years ended December 31, ~~2011~~2012 and ~~2010~~2011.

Notes to Financial Statements.

Schedules are omitted for the reason that they are inapplicable or equivalent information has been included elsewhere herein.

(b) Exhibits:

See Exhibit Index.

The agreements included as exhibits to this Form 10-K contain representations and warranties by each of the parties to the applicable agreement. These representations and warranties have been made solely for the benefit of the other parties to the applicable agreement and:

should not in all instances be treated as categorical statements of fact, but rather as a way of allocating the risk to one of the parties if those statements prove to be inaccurate;

have been qualified by disclosures that were made to the other party in connection with the negotiation of the applicable agreement, which disclosures are not necessarily reflected in the agreement;

may apply standards of materiality in a way that is different from what may be viewed as material to an investor; and

were made only as of the date of the applicable agreement or such other date or dates as may be specified in the agreement and are subject to more recent developments.

Accordingly, these representations and warranties may not describe the actual state of affairs as of the date they were made or at any other time. The Partnership acknowledges that, notwithstanding the inclusion of the foregoing cautionary statements, it is responsible for considering whether additional specific disclosures of material information regarding material contractual provisions are required to make the statements in this Form 10-K not misleading. Additional information about the Partnership may be found elsewhere in this Form 10-K and the Partnership’s other public filings, which are available without charge through the SEC’s website at http://www.sec.gov.

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

CENTURY PROPERTIES FUND XIX, LP By: FOX PARTNERS II General Partner By: FOX CAPITAL MANAGEMENT CORPORATION Managing General Partner By: /s/Steven D. Cordes Steven D. Cordes Senior Vice President By: /s/Stephen B. Waters Stephen B. Waters Senior Director of Partnership Accounting Date: ~~March~~February 1627, ~~2012~~2013

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

/s/John Bezzant	Director and Executive	Date: ~~March~~February 1627, ~~2012~~2013
John Bezzant	Vice President
/s/Steven D. Cordes	Director and Senior	Date: ~~March~~February 1627, ~~2012~~2013
Steven D. Cordes	Vice President
/s/Stephen B. Waters	Senior Director of Partnership	Date: ~~March~~February 1627, ~~2012~~2013
Stephen B. Waters	Accounting

CENTURY PROPERTIES FUND XIX, LP

EXHIBIT INDEX

Exhibit Description of Exhibit

2.1 NPI, Inc. Stock Purchase Agreement, dated as of August 7, 1995, incorporated by reference to the Registrant's Current Report on Form 8-K dated August 7, 1995.

2.2 Partnership Units Purchase Agreement dated as of August 17, 1995, incorporated by reference to Exhibit 2.1 to the Registrant's Current Report on Form 8-K filed by Insignia Financial Group, Inc. ("Insignia") with the Securities and Exchange Commission on September 1, 1995.

2.3 Management Purchase Agreement dated as of August 17, 1995, incorporated by reference to Exhibit 2.2 to the Registrant's Current Report on Form 8-K filed by Insignia with the Securities and Exchange Commission on September 1, 1995.

2.4 Agreement and Plan of Merger, dated as of October 1, 1998, by and between AIMCO and IPT (incorporated by reference to Exhibit 2.4 of the Registrant's Current Report on Form 8-K dated October 1, 1998).

2.5 Agreement and Plan of Merger, dated as of August 29, 2008, by and between Century Properties Fund XIX, a California limited partnership, and Century Properties Fund XIX, LP, a Delaware limited partnership (incorporated by reference to the Registrant's Quarterly Report on Form 10-Q dated June 30, 2009).

3.4 Agreement of Limited Partnership of Century Properties Fund XIX, incorporated by reference to Exhibit A to the Prospectus of the Partnership dated September 20, 1983, as amended on June 13, 1989, and as thereafter supplemented contained in the Registrant's Registration Statement on Form S-11 (Reg. No. 2-79007).

3.5 Amendment to the Amended and Restated Limited Partnership Agreement of Century Properties Fund XIX, dated September 29, 2003, incorporated by reference to the Registrant’s Current Report on Form 8-K dated September 29, 2003.

3.6 Second Amendment to the Amended and Restated Limited Partnership Agreement of Century Properties Fund XIX, dated December 4, 2006 (filed with Form 10-KSB of the Registrant dated December 31, 2006 and incorporated herein by reference).

3.7 Second Amendment to the Amended and Restated Limited Partnership Agreement of Century Properties Fund XIX, LP, dated August 29, 2008 (incorporated by reference to the Registrant’s Quarterly Report on Form 10-Q dated September 30, 2008).

10.26 Promissory Note dated May 17, 2005 between Century Properties Fund XIX, a California limited partnership and ING USA Annuity and Life Insurance Company incorporated by reference to the Registrant’s Current Report on Form 8-K dated May 17, 2005.

10.27 Deed of Trust, Security Agreement, Financing Statement and Fixture Filing, dated May 17, 2005 between Century Properties Fund XIX, LP, a California limited partnership and ING USA Annuity and Life Insurance Company incorporated by reference to the Registrant’s Current Report on Form 8-K dated May 17, 2005.

10.37 Multifamily Note dated June 30, 2006 between Century Properties Fund XIX, LP, a California limited partnership and Capmark Finance Inc., a California corporation, incorporated by reference to the Registrant’s Current Report on Form 8-K dated June 30, 2006.

10.38 Amended and Restated Multifamily Note dated June 30, 2006 between Century Properties Fund XIX, LP, a California limited partnership and Federal Home Loan Mortgage Corporation, incorporated by reference to the Registrant’s Current Report on Form 8-K dated June 30, 2006.

10.39 Modification Agreement between ING Life Insurance and Annuity Company, a Connecticut corporation, and Century Properties Fund XIX, LP, a California limited partnership, dated March 30, 2007 (incorporated by reference to the Registrant’s Current Report on Form 8-K dated March 30, 2007).

10.40 Loan Agreement between ING Life Insurance and Annuity Company, a Connecticut corporation, and Century Properties Fund XIX, LP, a California limited partnership, dated March 30, 2007 (incorporated by reference to the Registrant’s Current Report on Form 8-K dated March 30, 2007).

10.41 Promissory Note (“Note B”) between ING Life Insurance and Annuity Company, a Connecticut corporation, and Century Properties Fund XIX, LP, a California limited partnership, dated March 30, 2007 (incorporated by reference to the Registrant’s Current Report on Form 8-K dated March 30, 2007).

10.42 Promissory Note (“Note C”) between ING Life Insurance and Annuity Company, a Connecticut corporation, and Century Properties Fund XIX, LP, a California limited partnership, dated March 30, 2007 (incorporated by reference to the Registrant’s Current Report on Form 8-K dated March 30, 2007).

10.43 Promissory Note (“Note D”) between ING Life Insurance and Annuity Company, a Connecticut corporation, and Century Properties Fund XIX, LP, a California limited partnership, dated March 30, 2007 (incorporated by reference to the Registrant’s Current Report on Form 8-K dated March 30, 2007).

10.50 Multifamily Note-CME, dated May 2, 2011, between Lakeside at Vinings, LLC, a Delaware limited liability company, and Keycorp Real Estate Capital Markets, Inc., an Ohio corporation (incorporated by reference to the Registrant’s Current Report on Form 8-K dated May 2, 2011).

10.51 Multifamily Note-CME, dated May 2, 2011, between Peak at Vinings, LLC, a Delaware limited liability company, and Keycorp Real Estate Capital Markets, Inc., an Ohio corporation (incorporated by reference to the Registrant’s Current Report on Form 8-K dated May 2, 2011).

10.52 Purchase and Sale Contract between Century Properties Fund XIX, LP, a Delaware limited partnership, and Hamilton Zanze & Company, a California corporation (incorporated by reference to the Registrant’s Current Report on Form 8-K dated January 26, 2012).

10.53 Purchase and Sale Contract between Century Properties Fund XIX, LP, a Delaware limited partnership, and Augustus Partners, LLC, a Colorado limited liability company, dated June 14, 2012 (incorporated by reference to the Registrant’s Current Report on Form 8-K dated June 14, 2012).

10.54 First Amendment to Purchase and Sale Contract between Century Properties Fund XIX, LP, a Delaware limited partnership, and Augustus Partners, LLC, a Colorado limited liability company, dated August 15, 2012 (incorporated by reference to the Registrant’s Current Report for Form 8-K dated August 15, 2012).

10.55 Second Amendment to Purchase and Sale Contract between Century Properties Fund XIX, LP, a Delaware limited partnership, and Augustus Partners, LLC, a Colorado limited liability company, dated August 21, 2012 (incorporated by reference to the Registrant’s Current Report for Form 8-K dated August 21, 2012).

10.56 Third Amendment to Purchase and Sale Contract between Century Properties Fund XIX, LP, a Delaware limited partnership, and Augustus Partners, LLC, a Colorado limited liability company, dated September 25, 2012 (incorporated by reference to the Registrant’s Current Report for Form 8-K dated September 25, 2012).

31.1 Certification of equivalent of Chief Executive Officer pursuant to Securities Exchange Act Rules 13a-14(a)/15d-14(a), as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

31.2 Certification of equivalent of Chief Financial Officer pursuant to Securities Exchange Act Rules 13a-14(a)/15d-14(a), as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

32.1 Certification of the equivalent of the Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

101 XBRL (Extensible Business Reporting Language). The following materials from Century Properties Fund XIX, LP’s Annual Report on Form 10-K for the fiscal year ended December 31, ~~2011,~~2012 formatted in XBRL: (i) balance sheets, (ii) statements of operations, (iii) statements of changes in partners’ deficit, (iv) statements of cash flows, and (v) notes to financial statements (1).

(1) As provided in Rule 406T of Regulation S-T, this information is furnished and not filed for purposes of Sections 11 and 12 of the Securities Act of 1933 and Section 18 of the Securities Exchange Act of 1934.

Filing Compare · CENTURY PROPERTIES FUND XIX