<ARTICLE>                     5
<LEGEND>
This schedule contains summary financial information extracted from the
consolidated balance sheet as of August 31, 1998, and the consolidated statement
of income for the year ended August 31, 1998.
</LEGEND>
<CIK>                         0000847414
<NAME>                        ILM Senior Living, Inc.
<MULTIPLIER>              1000
<CURRENCY>                                     USD
       
                             
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                              AUG-31-1998
<PERIOD-START>                                 SEP-01-1997
<PERIOD-END>                                   AUG-31-1998
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