<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE CONDENSED CONSOLIDATED BALANCE SHEET OF REGENT ASSISTED LIVING, INC. AS OF JUNE 30, 1999, AND THE RELATED STATEMENT OF OPERATIONS FOR THE SIX MONTHS IN THE PERIOD ENDED JUNE 30, 1999, AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> JAN-01-1999 <PERIOD-END> JUN-30-1999 <CASH> 3,573,111 <SECURITIES> 0 <RECEIVABLES> 658,558 <ALLOWANCES> 37,000 <INVENTORY> 0 <CURRENT-ASSETS> 6,075,003 <PP&E> 53,588,211 <DEPRECIATION> 1,936,041 <TOTAL-ASSETS> 63,577,310 <CURRENT-LIABILITIES> 5,799,996 <BONDS> 49,199,695 <PREFERRED-MANDATORY> 10,808,703 <PREFERRED> 0 <COMMON> 9,349,841 <OTHER-SE> (19,909,106) <TOTAL-LIABILITY-AND-EQUITY> 63,577,310 <SALES> 24,790,553 <TOTAL-REVENUES> 24,960,159 <CGS> 18,052,262 <TOTAL-COSTS> 28,105,722 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 1,083,328 <INCOME-PRETAX> (3,705,687) <INCOME-TAX> 0 <INCOME-CONTINUING> (3,705,687) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (3,705,687) <EPS-BASIC> (.86) <EPS-DILUTED> (.86)