
<TABLE> <S> <C>

<PAGE>

<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from
SEC Form 10-Q and is qualified in its entirety by reference to such
financial statements.
</LEGEND>
<CIK>     0001067173
<NAME>    SPG Realty Consultants, Inc.
<MULTIPLIER> 1,000

<S>                             <C>
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                         DEC-31-2000
<PERIOD-START>                            JAN-01-2000
<PERIOD-END>                              MAR-31-2000
<CASH>                                          4,191
<SECURITIES>                                        0
<RECEIVABLES>                                   2,947<F1>
<ALLOWANCES>                                        0<F1>
<INVENTORY>                                         0
<CURRENT-ASSETS>                                    0<F2>
<PP&E>                                          7,572
<DEPRECIATION>                                  1,274
<TOTAL-ASSETS>                                 43,694
<CURRENT-LIABILITIES>                               0<F2>
<BONDS>                                             1
<PREFERRED-MANDATORY>                               0
<PREFERRED>                                         0
<COMMON>                                            0
<OTHER-SE>                                     15,506
<TOTAL-LIABILITY-AND-EQUITY>                   43,694
<SALES>                                             0
<TOTAL-REVENUES>                                1,920
<CGS>                                               0
<TOTAL-COSTS>                                   3,206
<OTHER-EXPENSES>                                    0
<LOSS-PROVISION>                                    0
<INTEREST-EXPENSE>                                270
<INCOME-PRETAX>                                 (897)
<INCOME-TAX>                                        0
<INCOME-CONTINUING>                             (897)
<DISCONTINUED>                                      0
<EXTRAORDINARY>                                     0
<CHANGES>                                           0
<NET-INCOME>                                    (649)
<EPS-BASIC>                                    (0.37)
<EPS-DILUTED>                                  (0.37)
<FN>
<F1>Receivables are stated net of allowances.
<F2>The Registrant does not report using a classified balance sheet.
<F3>Includes limited partners' interest in the SRC Operating Partnership of
$5,901.

</FN>



</TABLE>
