<ARTICLE>                     5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM
THE CONDENSED BALANCE SHEET OF REGENT ASSISTED LIVING, INC. AS OF SEPTEMBER 30,
1996, AND THE RELATED STATEMENT OF OPERATIONS FOR THE NINE MONTHS IN THE
PERIOD ENDED SEPTEMBER 30, 1996, AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE
TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                              DEC-31-1996
<PERIOD-START>                                 JAN-01-1996
<PERIOD-END>                                   SEP-30-1996
<CASH>                                          4,530,627
<SECURITIES>                                            0
<RECEIVABLES>                                     141,434
<ALLOWANCES>                                       24,750
<INVENTORY>                                             0
<CURRENT-ASSETS>                                4,723,927
<PP&E>                                         12,780,801
<DEPRECIATION>                                    162,641
<TOTAL-ASSETS>                                 18,739,706
<CURRENT-LIABILITIES>                           1,553,897
<BONDS>                                         5,974,387
<PREFERRED-MANDATORY>                          10,758,703
<PREFERRED>                                             0
<COMMON>                                                0
<OTHER-SE>                                        (8,345)
<TOTAL-LIABILITY-AND-EQUITY>                   18,739,706
<SALES>                                         9,715,818
<TOTAL-REVENUES>                                9,845,411
<CGS>                                           6,010,159
<TOTAL-COSTS>                                   9,607,148
<OTHER-EXPENSES>                                        0
<LOSS-PROVISION>                                        0
<INTEREST-EXPENSE>                                388,037
<INCOME-PRETAX>                                   140,856
<INCOME-TAX>                                       50,700
<INCOME-CONTINUING>                                90,156
<DISCONTINUED>                                          0
<EXTRAORDINARY>                                         0
<CHANGES>                                               0
<NET-INCOME>                                       90,156
<EPS-PRIMARY>                                         .02
<EPS-DILUTED>                                         .02