<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
THE FINANCIAL DATA SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED
FROM SIERRA PACIFIC INSTITUTIONAL PROPERTIES V JUNE 30, 2000 FINANCIAL
STATEMENTS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS.
</LEGEND>
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-2000
<PERIOD-END> JUN-30-2000
<CASH> 33,703
<SECURITIES> 0
<RECEIVABLES> 496,334
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 112,967
<PP&E> 8,055,884
<DEPRECIATION> 2,383,649
<TOTAL-ASSETS> 6,482,702
<CURRENT-LIABILITIES> 22,573
<BONDS> 0
0
0
<COMMON> 0
<OTHER-SE> 2,061,045
<TOTAL-LIABILITY-AND-EQUITY> 6,482,702
<SALES> 699,130
<TOTAL-REVENUES> 710,335
<CGS> 0
<TOTAL-COSTS> 265,682
<OTHER-EXPENSES> 230,372
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 0
<INCOME-PRETAX> 120,169
<INCOME-TAX> 0
<INCOME-CONTINUING> 120,169
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 120,169
<EPS-BASIC> 3.87
<EPS-DILUTED> 3.87
</TABLE>