<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
FINANCIAL STATEMENTS OF ML/EQ REAL ESTATE PORTFOLIO LP FOR THE PERIOD ENDED
SEPTEMBER 30, 2000 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
FINANCIAL STATEMENTS.
</LEGEND>
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-START> JAN-01-2000
<PERIOD-END> SEP-30-2000
<CASH> 16,030,869
<SECURITIES> 0
<RECEIVABLES> 2,038,628
<ALLOWANCES> 680,741
<INVENTORY> 0
<CURRENT-ASSETS> 17,388,756
<PP&E> 0
<DEPRECIATION> 0
<TOTAL-ASSETS> 17,992,319
<CURRENT-LIABILITIES> 14,512,043
<BONDS> 0
0
0
<COMMON> 0
<OTHER-SE> (13,134,193)
<TOTAL-LIABILITY-AND-EQUITY> 17,992,319
<SALES> 0
<TOTAL-REVENUES> 7,358,075
<CGS> 0
<TOTAL-COSTS> 9,254,801
<OTHER-EXPENSES> 201,188
<LOSS-PROVISION> 7,154,379
<INTEREST-EXPENSE> 0
<INCOME-PRETAX> (9,252,293)
<INCOME-TAX> 0
<INCOME-CONTINUING> 1,995,208
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 1,995,208
<EPS-BASIC> 0.35
<EPS-DILUTED> 0
</TABLE>