<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONDENSED BALANCE SHEET OF REGENT ASSISTED LIVING, INC. AS OF MARCH 31,
1996, AND THE RELATED STATEMENT OF OPERATIONS FOR THE THREE MONTHS IN
THE PERIOD ENDED MARCH 31, 1996, AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               MAR-31-1996
<CASH>                                       7,421,574
<SECURITIES>                                         0
<RECEIVABLES>                                  105,071
<ALLOWANCES>                                     8,250
<INVENTORY>                                          0
<CURRENT-ASSETS>                             7,643,833
<PP&E>                                       9,873,920
<DEPRECIATION>                                  61,333
<TOTAL-ASSETS>                              17,915,542
<CURRENT-LIABILITIES>                          863,480
<BONDS>                                      6,005,732
<PREFERRED-MANDATORY>                       10,758,703
<PREFERRED>                                          0
<COMMON>                                             0
<OTHER-SE>                                    (51,524)
<TOTAL-LIABILITY-AND-EQUITY>                17,915,542
<SALES>                                      3,228,130
<TOTAL-REVENUES>                             3,272,524
<CGS>                                        1,986,689
<TOTAL-COSTS>                                3,189,328
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                             128,779
<INCOME-PRETAX>                                 75,769
<INCOME-TAX>                                    28,792
<INCOME-CONTINUING>                             46,977
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    46,977
<EPS-PRIMARY>                                      .01
<EPS-DILUTED>                                      .01