<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
ACCOMPANYING FINANCIAL STATEMENTS OF IRVINE APARTMENT COMMUNITIES, L.P. FOR THE
SIX MONTHS ENDED JUNE 30, 2000, AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO
SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0001038358
<NAME> IRVINE APARTMENT COMMUNITIES
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-2000
<PERIOD-START> JAN-01-2000
<PERIOD-END> JUN-30-2000
<CASH> 23,942
<SECURITIES> 0
<RECEIVABLES> 0
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 23,942
<PP&E> 2,169,540
<DEPRECIATION> 351,426
<TOTAL-ASSETS> 2,070,638
<CURRENT-LIABILITIES> 49,510
<BONDS> 903,633
0
192,887
<COMMON> 0
<OTHER-SE> 878,892
<TOTAL-LIABILITY-AND-EQUITY> 2,070,638
<SALES> 0
<TOTAL-REVENUES> 140,778
<CGS> 0
<TOTAL-COSTS> 73,454
<OTHER-EXPENSES> 3,913
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 25,265
<INCOME-PRETAX> 38,146
<INCOME-TAX> 0
<INCOME-CONTINUING> 38,146
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 29,771
<EPS-BASIC> 0
<EPS-DILUTED> 0
</TABLE>