<ARTICLE> 5
<CIK> 0000102438
<NAME> USP REAL ESTATE INTESTMENT TRUST
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-END>                               MAR-31-1996
<CASH>                                       1,667,422
<SECURITIES>                                         0
<RECEIVABLES>                                  765,650
<ALLOWANCES>                                   188,149
<INVENTORY>                                          0
<CURRENT-ASSETS>                             2,603,851
<PP&E>                                      39,653,566
<DEPRECIATION>                              10,708,389
<TOTAL-ASSETS>                              32,830,568
<CURRENT-LIABILITIES>                        1,176,861
<BONDS>                                     15,158,836
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                     3,880,000
<OTHER-SE>                                  12,614,871
<TOTAL-LIABILITY-AND-EQUITY>                32,830,568
<SALES>                                              0
<TOTAL-REVENUES>                             1,371,756
<CGS>                                                0
<TOTAL-COSTS>                                  595,589
<OTHER-EXPENSES>                               103,320
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                             378,208
<INCOME-PRETAX>                                294,639
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                            294,639
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   294,639
<EPS-PRIMARY>                                      .08
<EPS-DILUTED>                                      .08