<ARTICLE> 5
<CIK> 0000102438
<NAME> USP REAL ESTATE INTESTMENT TRUST
       
                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               JUN-30-1997
<CASH>                                         845,581
<SECURITIES>                                         0
<RECEIVABLES>                                  586,687
<ALLOWANCES>                                   288,023
<INVENTORY>                                          0
<CURRENT-ASSETS>                             1,665,624
<PP&E>                                      40,493,090
<DEPRECIATION>                              11,722,681
<TOTAL-ASSETS>                              31,682,381
<CURRENT-LIABILITIES>                        1,179,418
<BONDS>                                     14,578,979
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                     3,880,000
<OTHER-SE>                                  12,043,984
<TOTAL-LIABILITY-AND-EQUITY>                31,682,381
<SALES>                                              0
<TOTAL-REVENUES>                             2,513,740
<CGS>                                                0
<TOTAL-COSTS>                                1,221,462
<OTHER-EXPENSES>                               235,047
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                             727,709
<INCOME-PRETAX>                                329,522
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                            329,522
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   329,522
<EPS-PRIMARY>                                      .08
<EPS-DILUTED>                                      .08