WATERMARK INVESTORS REALTY TRUST
10-Q, EX-27, 2000-08-14
REAL ESTATE INVESTMENT TRUSTS
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<TABLE> <S> <C>

<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from the
Company's financial statements contained in its Report on Form 10-Q for the
quarter ending 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-31-2000
<PERIOD-END>                               JUN-30-2000
<CASH>                                          12,471
<SECURITIES>                                         0
<RECEIVABLES>                                        0
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                12,471
<PP&E>                                               0
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                                  12,471
<CURRENT-LIABILITIES>                          213,452
<BONDS>                                              0
                                0
                                          0
<COMMON>                                       196,235
<OTHER-SE>                                   (397,216)
<TOTAL-LIABILITY-AND-EQUITY>                    12,471
<SALES>                                              0
<TOTAL-REVENUES>                                     0
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                                11,991
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                               7,027
<INCOME-PRETAX>                               (19,018)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                                  0
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                  (19,018)
<EPS-BASIC>                                     (0.04)
<EPS-DILUTED>                                        0


</TABLE>


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