<ARTICLE> 5
<LEGEND>
The Schedule contains Summary Financial Information extracted from
Retail Equity Partners Limited Partnership Financial Statements as of and
for the six months ended June 30, 1995 and is qualified in its
entirety by reference to such financial statements.
</LEGEND>
       
                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-END>                               JUN-30-1995
<CASH>                                          65,452
<SECURITIES>                                         0
<RECEIVABLES>                                   68,945
<ALLOWANCES>                                   (8,860)
<INVENTORY>                                          0
<CURRENT-ASSETS>                               251,039
<PP&E>                                      16,407,921
<DEPRECIATION>                             (2,962,378)
<TOTAL-ASSETS>                              13,792,460
<CURRENT-LIABILITIES>                          212,256
<BONDS>                                     12,905,441
<COMMON>                                             0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<OTHER-SE>                                     671,763
<TOTAL-LIABILITY-AND-EQUITY>                13,792,460
<SALES>                                              0
<TOTAL-REVENUES>                               890,458
<CGS>                                                0
<TOTAL-COSTS>                                  420,358
<OTHER-EXPENSES>                                47,033
<LOSS-PROVISION>                               (6,491)
<INTEREST-EXPENSE>                             561,619
<INCOME-PRETAX>                              (145,043)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                          (145,043)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                 (145,043)
<EPS-PRIMARY>                                   (0.28)
<EPS-DILUTED>                                        0