<ARTICLE> 5
<LEGEND> This schedule contains summary financial information extracted from
SEC Form 10-Q and is qualified in its entirety by reference to such financial
statements.
</LEGEND>
<CIK>      0001067173
<NAME>     SPG REALTY CONSULTANTS, INC.
<MULTIPLIER> 1,000

                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                         DEC-31-1999
<PERIOD-START>                            JAN-01-1999
<PERIOD-END>                              SEP-30-1999
<CASH>                                          2,859
<SECURITIES>                                        0
<RECEIVABLES>                                     560<F1>
<ALLOWANCES>                                        0
<INVENTORY>                                         0
<CURRENT-ASSETS>                                    0<F2>
<PP&E>                                          7,568
<DEPRECIATION>                                (1,231)
<TOTAL-ASSETS>                                 22,610
<CURRENT-LIABILITIES>                               0<F2>
<BONDS>                                           183
<PREFERRED-MANDATORY>                               0
<PREFERRED>                                         0
<COMMON>                                            0
<OTHER-SE>                                     14,053
<TOTAL-LIABILITY-AND-EQUITY>                   22,610<F3>
<SALES>                                             0
<TOTAL-REVENUES>                                2,961
<CGS>                                               0
<TOTAL-COSTS>                                   2,091
<OTHER-EXPENSES>                                    0
<LOSS-PROVISION>                                    0
<INTEREST-EXPENSE>                              3,841
<INCOME-PRETAX>                               (5,557)
<INCOME-TAX>                                  (3,374)
<INCOME-CONTINUING>                           (2,183)
<DISCONTINUED>                                      0
<EXTRAORDINARY>                                     0
<CHANGES>                                           0
<NET-INCOME>                                    (636)
<EPS-BASIC>                                     (.37)
<EPS-DILUTED>                                   (.37)
<FN>
<F1> Receivables are stated net of allowance.
<F2> The Company does not report using a classified balance sheet.
<F3> Includes limited partner's interest in the SRC Operating Partnership
     of $5,423.
</FN>