<ARTICLE> 5
<LEGEND>
THE FINANCIAL DATA SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED
FROM SIERRA PACIFIC INSTITUTIONAL PROPERTIES V JUNE 30, 2000 FINANCIAL
STATEMENTS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL
STATEMENTS.


                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-2000
<PERIOD-END>                               JUN-30-2000
<CASH>                                          33,703
<SECURITIES>                                         0
<RECEIVABLES>                                  496,334
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                               112,967
<PP&E>                                       8,055,884
<DEPRECIATION>                               2,383,649
<TOTAL-ASSETS>                               6,482,702
<CURRENT-LIABILITIES>                           22,573
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                             0
<OTHER-SE>                                   2,061,045
<TOTAL-LIABILITY-AND-EQUITY>                 6,482,702
<SALES>                                        699,130
<TOTAL-REVENUES>                               710,335
<CGS>                                                0
<TOTAL-COSTS>                                  265,682
<OTHER-EXPENSES>                               230,372
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                                120,169
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                            120,169
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   120,169
<EPS-BASIC>                                       3.87
<EPS-DILUTED>                                     3.87