<TABLE> <S> <C>
<ARTICLE> 5
<CIK> 0000037008
<NAME> FIRST UNION REAL ESTATE EQUITY AND MORTGAGE INVESTMENTS
<MULTIPLIER> 1
<CURRENCY> DOLLARS
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> DEC-31-2000
<PERIOD-START> JAN-01-2000
<PERIOD-END> SEP-30-2000
<EXCHANGE-RATE> 1
<CASH> 25,953,000
<SECURITIES> 0
<RECEIVABLES> 4,321,000
<ALLOWANCES> (771,000)
<INVENTORY> 5,438,000
<CURRENT-ASSETS> 0
<PP&E> 296,875,000
<DEPRECIATION> (69,172,000)
<TOTAL-ASSETS> 476,891,000
<CURRENT-LIABILITIES> 0
<BONDS> 329,415,000
0
23,171,000
<COMMON> 41,046,000
<OTHER-SE> 66,976,000
<TOTAL-LIABILITY-AND-EQUITY> 476,891,000
<SALES> 0
<TOTAL-REVENUES> 44,061,000
<CGS> 6,410,000
<TOTAL-COSTS> 23,800,000
<OTHER-EXPENSES> 10,059,000
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 19,087,000
<INCOME-PRETAX> 0
<INCOME-TAX> 0
<INCOME-CONTINUING> (7,191,000)
<DISCONTINUED> 0
<EXTRAORDINARY> (5,459,000)
<CHANGES> 0
<NET-INCOME> 45,330,000
<EPS-BASIC> 1.09
<EPS-DILUTED> .98
</TABLE>