<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE FINANCIAL STATEMENTS OF EQK REALTY INVESTORS I FOR THE PERIOD ENDED MARCH 31, 1995, AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1995 <PERIOD-END> MAR-31-1995 <CASH> 3,723 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 90,528 <CURRENT-LIABILITIES> 0 <BONDS> 0 <COMMON> 135,875 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> (132,190) <TOTAL-LIABILITY-AND-EQUITY> 90,528 <SALES> 0 <TOTAL-REVENUES> 3,966 <CGS> 0 <TOTAL-COSTS> 1,451 <OTHER-EXPENSES> 1,499 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 2,144 <INCOME-PRETAX> (1,128) <INCOME-TAX> 0 <INCOME-CONTINUING> (1,128) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (1,128) <EPS-PRIMARY> (.12) <EPS-DILUTED> (.12)