<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
nine months ended September 30, 2000, and is qualified in its entirety by
reference to such financial statements.
</LEGEND>
<CIK> 0001038358
<NAME> IRVINE APARTMENT COMMUNITIES, L.P.
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> DEC-31-2000
<PERIOD-START> JAN-01-2000
<PERIOD-END> SEP-30-2000
<CASH> 35,062
<SECURITIES> 0
<RECEIVABLES> 0
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 35,062
<PP&E> 2,220,718
<DEPRECIATION> 364,801
<TOTAL-ASSETS> 2,103,376
<CURRENT-LIABILITIES> 57,382
<BONDS> 927,956
0
192,906
<COMMON> 0
<OTHER-SE> 867,175
<TOTAL-LIABILITY-AND-EQUITY> 2,103,376
<SALES> 0
<TOTAL-REVENUES> 216,103
<CGS> 0
<TOTAL-COSTS> 109,909
<OTHER-EXPENSES> 5,878
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 38,244
<INCOME-PRETAX> 62,072
<INCOME-TAX> 0
<INCOME-CONTINUING> 62,072
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 49,509
<EPS-BASIC> 0
<EPS-DILUTED> 0
</TABLE>