<ARTICLE> 5 <CIK> 0000891166 <NAME> Universal Heights, Inc. <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-2000 <PERIOD-START> JAN-01-2000 <PERIOD-END> SEP-30-2000 <CASH> 11,324,748 <SECURITIES> 3,946,498 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 28,657,748 <PP&E> 565,880 <DEPRECIATION> 0 <TOTAL-ASSETS> 29,223,628 <CURRENT-LIABILITIES> 20,660,508 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 1,387 <COMMON> 147,946 <OTHER-SE> 8,413,787 <TOTAL-LIABILITY-AND-EQUITY> 29,223,628 <SALES> 5,116,917 <TOTAL-REVENUES> 6,931,408 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 6,915,393 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 16,015 <INCOME-TAX> 0 <INCOME-CONTINUING> 16,015 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 16,015 <EPS-BASIC> 0 <EPS-DILUTED> 0