<ARTICLE>                     5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONDENSED CONSOLIDATED BALANCE SHEET OF REGENT ASSISTED LIVING, INC. AS OF MARCH
31, 1999, AND THE RELATED STATEMENT OF OPERATIONS FOR THE THREE MONTHS IN THE
PERIOD ENDED MARCH 31, 1999, AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO
SUCH FINANCIAL STATEMENTS.
</LEGEND>
       
                           
<PERIOD-TYPE>                 3-MOS
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-START>                             JAN-01-1999
<PERIOD-END>                               MAR-31-1999
<CASH>                                       4,202,438
<SECURITIES>                                         0
<RECEIVABLES>                                  610,828
<ALLOWANCES>                                    37,000
<INVENTORY>                                          0
<CURRENT-ASSETS>                             7,346,765
<PP&E>                                      49,119,530
<DEPRECIATION>                               1,660,235
<TOTAL-ASSETS>                              60,865,063
<CURRENT-LIABILITIES>                        5,960,095
<BONDS>                                     44,188,849
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                  9,349,841
<COMMON>                                    10,808,703
<OTHER-SE>                                (18,054,414)
<TOTAL-LIABILITY-AND-EQUITY>                60,865,063
<SALES>                                     11,846,037
<TOTAL-REVENUES>                            11,926,576
<CGS>                                        8,586,461
<TOTAL-COSTS>                               13,394,500
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                             524,606
<INCOME-PRETAX>                            (2,000,995)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                        (2,000,995)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                               (2,000,995)
<EPS-PRIMARY>                                    (.46)
<EPS-DILUTED>                                    (.46)