<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 JUNE
30, 2000 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS.
</LEGEND>
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-START> JAN-01-2000
<PERIOD-END> JUN-30-2000
<CASH> 5,075,869
<SECURITIES> 0
<RECEIVABLES> 3,217,615
<ALLOWANCES> 1,244,793
<INVENTORY> 0
<CURRENT-ASSETS> 7,195,150
<PP&E> 18,316,484
<DEPRECIATION> 0
<TOTAL-ASSETS> 26,827,197
<CURRENT-LIABILITIES> 2,053,873
<BONDS> 0
0
0
<COMMON> 0
<OTHER-SE> (244,628)
<TOTAL-LIABILITY-AND-EQUITY> 26,827,197
<SALES> 0
<TOTAL-REVENUES> 5,178,437
<CGS> 0
<TOTAL-COSTS> 7,596,246
<OTHER-EXPENSES> 134,126
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 0
<INCOME-PRETAX> (2,551,935)
<INCOME-TAX> 0
<INCOME-CONTINUING> 944,445
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 944,445
<EPS-BASIC> 0.16
<EPS-DILUTED> 0
</TABLE>