<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