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


                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-2000
<PERIOD-END>                               SEP-30-2000
<CASH>                                          11,537
<SECURITIES>                                         0
<RECEIVABLES>                                  394,805
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                11,626
<PP&E>                                       8,055,885
<DEPRECIATION>                               2,477,505
<TOTAL-ASSETS>                               6,245,960
<CURRENT-LIABILITIES>                           39,543
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                             0
<OTHER-SE>                                   2,108,314
<TOTAL-LIABILITY-AND-EQUITY>                 6,245,960
<SALES>                                      1,013,425
<TOTAL-REVENUES>                             1,024,630
<CGS>                                                0
<TOTAL-COSTS>                                  380,503
<OTHER-EXPENSES>                               345,558
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                                167,438
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                            167,438
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   167,438
<EPS-BASIC>                                       5.39
<EPS-DILUTED>                                     5.39