<ARTICLE>                     5
<LEGEND>
The schedule contains summary financial information extracted from Retail Equity
Partners Limited Partnership  financial  statements as of and for the year ended
December  31,  1995  and is  qualified  in its  entirety  by  reference  to such
financial statements.
</LEGEND>
       
                             
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-END>                               DEC-31-1995
<CASH>                                          16,467 
<SECURITIES>                                         0
<RECEIVABLES>                                  120,583
<ALLOWANCES>                                   (7,443)
<INVENTORY>                                          0
<CURRENT-ASSETS>                               209,809
<PP&E>                                      16,407,921
<DEPRECIATION>                             (3,668,274)
<TOTAL-ASSETS>                              13,029,394
<CURRENT-LIABILITIES>                          200,032
<BONDS>                                     12,841,104
<COMMON>                                             0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<OTHER-SE>                                    (11,742)
<TOTAL-LIABILITY-AND-EQUITY>                13,029,394
<SALES>                                      1,632,519
<TOTAL-REVENUES>                             1,723,773
<CGS>                                                0
<TOTAL-COSTS>                                  801,135
<OTHER-EXPENSES>                               597,380
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                           1,153,806
<INCOME-PRETAX>                              (828,548)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                          (828,548)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                 (828,548)
<EPS-PRIMARY>                                   (2.46)
<EPS-DILUTED>                                        0