<ARTICLE>                     5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONDENSED BALANCE SHEET OF REGENT ASSISTED LIVING, INC. AS OF MARCH 31, 1997,
AND THE RELATED STATEMENT OF OPERATIONS FOR THE THREE MONTHS IN THE PERIOD
ENDED MARCH 31, 1997, AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE
TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                              DEC-31-1997
<PERIOD-START>                                 JAN-01-1997
<PERIOD-END>                                   MAR-31-1997
<CASH>                                           6,481,215
<SECURITIES>                                             0
<RECEIVABLES>                                      425,355
<ALLOWANCES>                                        27,000
<INVENTORY>                                              0
<CURRENT-ASSETS>                                 6,976,757
<PP&E>                                          23,795,178
<DEPRECIATION>                                     290,505
<TOTAL-ASSETS>                                  33,850,824
<CURRENT-LIABILITIES>                            3,189,254
<BONDS>                                         10,497,973
<PREFERRED-MANDATORY>                                    0
<PREFERRED>                                      9,349,841
<COMMON>                                        10,808,703
<OTHER-SE>                                       (417,016)
<TOTAL-LIABILITY-AND-EQUITY>                    33,850,824
<SALES>                                          3,336,347
<TOTAL-REVENUES>                                 3,380,269
<CGS>                                            2,136,277
<TOTAL-COSTS>                                    3,623,466
<OTHER-EXPENSES>                                         0
<LOSS-PROVISION>                                         0
<INTEREST-EXPENSE>                                 101,228
<INCOME-PRETAX>                                  (190,383)
<INCOME-TAX>                                      (24,500)
<INCOME-CONTINUING>                              (165,883)
<DISCONTINUED>                                           0
<EXTRAORDINARY>                                          0
<CHANGES>                                                0
<NET-INCOME>                                     (165,883)
<EPS-PRIMARY>                                        (.07)
<EPS-DILUTED>                                        (.07)