<ARTICLE>                     5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM RETAIL
EQUITY PARTNERS LIMITED PARTNERSHIP FINANCIAL STATEMENTS AS OF AND FOR THE NINE
MONTHS ENDED SEPTEMBER 30, 1999, AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE
TO SUCH FINANCIAL STATEMENTS.
</LEGEND>

                                         
<PERIOD-TYPE>                               9-MOS
<FISCAL-YEAR-END>                           DEC-31-1999
<PERIOD-START>                              JAN-01-1999
<PERIOD-END>                                SEP-30-1999
<CASH>                                           68,589
<SECURITIES>                                          0
<RECEIVABLES>                                         0
<ALLOWANCES>                                          0
<INVENTORY>                                           0
<CURRENT-ASSETS>                                168,225
<PP&E>                                        2,870,082
<DEPRECIATION>                                        0
<TOTAL-ASSETS>                                3,038,307
<CURRENT-LIABILITIES>                            76,250
<BONDS>                                       3,299,334
<PREFERRED-MANDATORY>                                 0
<PREFERRED>                                           0
<COMMON>                                              0
<OTHER-SE>                                     (637,277)
<TOTAL-LIABILITY-AND-EQUITY>                  3,675,584
<SALES>                                               0
<TOTAL-REVENUES>                                392,877
<CGS>                                                 0
<TOTAL-COSTS>                                    65,585
<OTHER-EXPENSES>                                319,248
<LOSS-PROVISION>                                      0
<INTEREST-EXPENSE>                              254,803
<INCOME-PRETAX>                                (246,759)
<INCOME-TAX>                                          0
<INCOME-CONTINUING>                            (246,759)
<DISCONTINUED>                                        0
<EXTRAORDINARY>                                       0
<CHANGES>                                             0
<NET-INCOME>                                   (246,759)
<EPS-BASIC>                                     (0.73)
<EPS-DILUTED>                                     (0.73)