<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from the consolidated balance sheet as of August 31, 1997, and the consolidated statement of income for the year ended August 31, 1997. </LEGEND> <CIK> 0000847414 <NAME> ILM SENIOR LIVING, INC. <MULTIPLIER> 1,000 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> AUG-31-1997 <PERIOD-END> AUG-31-1997 <CASH> 3,136 <SECURITIES> 0 <RECEIVABLES> 202 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 3,446 <PP&E> 49,143 <DEPRECIATION> 12,556 <TOTAL-ASSETS> 40,033 <CURRENT-LIABILITIES> 259 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 116 <COMMON> 75 <OTHER-SE> 39,583 <TOTAL-LIABILITY-AND-EQUITY> 40,033 <SALES> 6,643 <TOTAL-REVENUES> 6,805 <CGS> 0 <TOTAL-COSTS> 2,971 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 3,834 <INCOME-TAX> 0 <INCOME-CONTINUING> 3,834 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 3,834 <EPS-PRIMARY> .51 <EPS-DILUTED> .51