<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM STATEMENT OF
NET ASSETS IN LIQUIDATION OF REAL ESTATE INCOME PARTNERS III AND IS QUALIFIED IN
ITS ENTIRETY BY REFERENCE TO SUCH 10-Q
</LEGEND>
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> DEC-31-2000
<PERIOD-START> JAN-01-2000
<PERIOD-END> SEP-30-2000
<CASH> 5,506,000
<SECURITIES> 0
<RECEIVABLES> 43,000
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 5,561,000
<PP&E> 0
<DEPRECIATION> 0
<TOTAL-ASSETS> 5,561,000
<CURRENT-LIABILITIES> 227,000
<BONDS> 0
0
0
<COMMON> 0
<OTHER-SE> 5,334,000
<TOTAL-LIABILITY-AND-EQUITY> 5,561,000
<SALES> 0
<TOTAL-REVENUES> 0<F1>
<CGS> 0
<TOTAL-COSTS> 0
<OTHER-EXPENSES> 0<F1>
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 0
<INCOME-PRETAX> 0<F1>
<INCOME-TAX> 0
<INCOME-CONTINUING> 0
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 0<F1>
<EPS-BASIC> 0
<EPS-DILUTED> 0
<FN>
<F1>STATEMENT OF OPERATION IS NOT PRESENTED IN LIQUIDATION BASIS OF ACCOUNTING.
</FN>
</TABLE>