<ARTICLE> 5 <LEGEND> THE SCHEULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE JP REALTY, INC. FORM 10-Q FOR THE PERIOD ENDED JUNE 30, 1997 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> JUN-30-1997 <CASH> $777 <SECURITIES> 0 <RECEIVABLES> 0<F1> <ALLOWANCES> 0<F1> <INVENTORY> 0 <CURRENT-ASSETS> 0<F2> <PP&E> 0<F1> <DEPRECIATION> 0<F1> <TOTAL-ASSETS> 470,545 <CURRENT-LIABILITIES> 0<F2> <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 2 <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 470,545 <SALES> 0 <TOTAL-REVENUES> 36,992 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 18,135<F3> <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 3,166 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> $13,182 <EPS-PRIMARY> $0.76 <EPS-DILUTED> 0 <FN> <F1>The Company utilizes a condensed balance sheet format for 10-Q reporting. Amounts are included in Other Assets. <F2>The financial statements reflect an unclassified balance sheet due to the nature of the Company's industry - Real Estate Investment Trust. <F3>Amount is comprised of $21,301 of expenses less interest expense of $3,166 reflected elsewhere in this Financial Data Schedule. </FN>