<ARTICLE> 5
<CIK>      0001067173
<NAME>     SPG REALTY CONSULTANTS INC
<MULTIPLIER> 1,000

                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                         DEC-31-1999
<PERIOD-END>                              JUN-30-1999
<CASH>                                          2,784
<SECURITIES>                                        0
<RECEIVABLES>                                     721<F1>
<ALLOWANCES>                                        0
<INVENTORY>                                         0
<CURRENT-ASSETS>                                    0<F2>
<PP&E>                                          7,561
<DEPRECIATION>                                  1,209
<TOTAL-ASSETS>                                 20,759
<CURRENT-LIABILITIES>                               0<F2>
<BONDS>                                           786
<PREFERRED-MANDATORY>                               0
<PREFERRED>                                         0
<COMMON>                                            0
<OTHER-SE>                                     13,253
<TOTAL-LIABILITY-AND-EQUITY>                   20,759<F3>
<SALES>                                             0
<TOTAL-REVENUES>                                2,520
<CGS>                                               0
<TOTAL-COSTS>                                   1,850
<OTHER-EXPENSES>                                    0
<LOSS-PROVISION>                                    0
<INTEREST-EXPENSE>                              3,824
<INCOME-PRETAX>                               (8,274)
<INCOME-TAX>                                  (3,374)
<INCOME-CONTINUING>                           (1,472)
<DISCONTINUED>                                      0
<EXTRAORDINARY>                                     0
<CHANGES>                                           0
<NET-INCOME>                                  (1,472)
<EPS-BASIC>                                    (0.86)
<EPS-DILUTED>                                  (0.86)
<FN>
<F1>Receivables are stated net of allowances.
<F2>The Registrant does not report using a classified balance sheet.
<F3>Includes limited partner's interest in the SRC Operating Partnership of
$5,057.
</FN>