<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
THE FINANCIAL DATA SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED
FROM SIERRA PACIFIC INSTITUTIONAL PROPERTIES V SEPTEMBER 30, 2000 FINANCIAL
STATEMENTS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS.
</LEGEND>
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> DEC-31-2000
<PERIOD-END> SEP-30-2000
<CASH> 11,537
<SECURITIES> 0
<RECEIVABLES> 394,805
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 11,626
<PP&E> 8,055,885
<DEPRECIATION> 2,477,505
<TOTAL-ASSETS> 6,245,960
<CURRENT-LIABILITIES> 39,543
<BONDS> 0
0
0
<COMMON> 0
<OTHER-SE> 2,108,314
<TOTAL-LIABILITY-AND-EQUITY> 6,245,960
<SALES> 1,013,425
<TOTAL-REVENUES> 1,024,630
<CGS> 0
<TOTAL-COSTS> 380,503
<OTHER-EXPENSES> 345,558
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 0
<INCOME-PRETAX> 167,438
<INCOME-TAX> 0
<INCOME-CONTINUING> 167,438
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 167,438
<EPS-BASIC> 5.39
<EPS-DILUTED> 5.39
</TABLE>