SECURITIES AND EXCHANGE COMMISSION
                                         WASHINGTON, D.C. 20549


                                               FORM 10-Q


(X)                  QUARTERLY REPORT PURSUANT TO SECTION 13
                OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934
                  For the quarterly period ended March 31, 1997

                                       OR

( )                  TRANSITION REPORT PURSUANT TO SECTION 13
                OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934


Commission file number:  0-17695


                           HEALTHCARE PROPERTIES, L.P.
             (Exact name of Registrant as specified in its charter)


        DELAWARE                                             62-1317327
(State or other jurisdiction of                              (I.R.S. Employer
 incorporation or oganization)                            Identification Number)


              14160 DALLAS PARKWAY, SUITE 300, DALLAS, TEXAS 75240
                     (Address of principal executive office)


                                 (972) 770-5600
              (Registrant's telephone number, including area code)


 Indicate  by check  mark  whether  the  registrant  (1) has filed  all  reports
required to be filed by Section 13 or 15(d) of the  Securities  Exchange  Act of
1934  during  the  preceding  12 months  (or for such  shorter  period  that the
registrant was required to file such reports),  and (2) has been subject to such
filing requirements for at least the past 90 days.  YES x      NO



<PAGE>


PART I.  FINANCIAL INFORMATION


Item 1.  Financial Statements

                           HEALTHCARE PROPERTIES, L.P.
                             (A Limited Partnership)

                                 BALANCE SHEETS

<TABLE>
<CAPTION>

                                                                   March 31,. 1997         December 31, 1996
                                                                     (Unaudited)               (Audited)
                                                     ASSETS        ---------------         -----------------
                                                     ------
<S>                                                                 <C>                       <C>         
Cash and cash equivalents                                           $  9,231,206              $  8,995,455

Accounts receivable, less allowance for doubtful
  accounts of $4,240,811 in 1997 and $4,225,811 in 1996                  932,657                   794,234

Prepaid Expenses and other                                                40,618                    85,295

Property and improvements, net                                        21,800,909                22,112,619

Deferred charges, less accumulated amortization
  of $792,261 in 1997 and $765,409 in 1996                               473,093                   499,944
                                                                         -------                   -------


                                                                    $ 32,478,483                32,487,547
                                                                     ===========                ==========



                       LIABILITIES AND PARTNERSHIP EQUITY

 Accounts payable and accrued expenses                              $    960,883                 1,004,204

Operating facility accounts payable                                       26,262                   211,304

Mortgage loans payable                                                 7,077,893                 7,207,414
                                                                       ---------                 ---------

                                                                       8,065,038                 8,422,922
                                                                       ---------                 ---------

Partnership equity:
  Limited partners (4,172,457 units)                                  24,400,528                24,058,684
  General partner                                                         12,917
                                                                      24,413,445                24,064,625
                                                                      ----------                ----------

                                                                    $ 32,478,483                32,487,547
                                                                      ==========                ==========
</TABLE>



<PAGE>


                          HEALTHCARE PROPERTIES, L.P.
                            (A Limited Partnership)

                            STATEMENT OF OPERATIONS
<TABLE>
<CAPTION>

                                                                       Three months ended,          Three months ended,
                                                                         March 31, 1997                March 31, 1996
                                                                         --------------                --------------

Revenues:
<S>                                                                     <C>                          <C>               
   Rental                                                               $        1,098,224           $        1,219,335
   Net patient services                                                          1,206,148                      578,512
                                                                        ------------------             ----------------
                                                                                 2,304,372                    1,797,847
                                                                        ------------------             ----------------


Expenses:
   Facility operating expenses                                                   1,134,952                      548,166
   Depreciation                                                                    340,960                      378,980
   Lease default expenses                                                            4,650                       40,071
   Administrative and other                                                        340,070                      415,480
   Bad debts                                                                        13,217                      170,415
                                                                        ------------------             ----------------
                                                                                 1,833,849                    1,553,112
                                                                        ------------------             ----------------
         Income from operations                                                    470,523                      244,735
                                                                        ------------------             ----------------


Other income (expenses):
   Interest income                                                                  77,749                       56,187
   Interest expenses                                                              (172,601)                    (233,331)
   Amortization                                                                    (26,851)                     (28,527)
                                                                        ------------------             ----------------
                                                                                  (121,703)                    (205,671)
                                                                        ------------------             ----------------


         Net income                                                     $          348,820             $         39,064
                                                                        ==================             ================

NET EARNINGS PER UNIT                                                   $              .08             $            .01
                                                                        ==================             ================

WEIGHTED AVERAGE
   NUMBER OF UNITS                                                               4,172,457                    4,172,457
                                                                        ==================             ================
</TABLE>



<PAGE>







                           HEALTHCARE PROPERTIES, L.P.
                             (A Limited Partnership)

                        STATEMENTS OF PARTNERSHIP EQUITY

<TABLE>
<CAPTION>

                                                     Limited                 General
                                                    Partners                Partners                      Total
                                                    --------                --------                      -----
Allocation of Net Earnings
<S>                                             <C>                       <C>                      <C> 
   (Loss)                                                98%                      2%                       100%
                                                         ===                      ==                       ====


EQUITY at
   December 31, 1996                            $ 24,058,684              $     5,941              $ 24,064,625

Net Income                                           341,844                    6,976                   348,820
                                                 -----------               ----------               -----------

EQUITY at
   March 31, 1997                               $ 24,400,528              $    12,917              $ 24,413,445
                                                 ===========               ==========               ===========
</TABLE>













<PAGE>



                           HEALTHCARE PROPERTIES, L.P.
                             (A Limited Partnership)

                            STATEMENTS OF CASH FLOWS


<TABLE>
<CAPTION>

                                                                               Three months ended         Three months ended
                                                                                 March 31, 1997             March 31, 1996
                                                                                 --------------             --------------
CASH FLOWS FROM OPERATING ACTIVITIES:
<S>                                                                              <C>                        <C>          
   Net Income                                                                    $     348,820              $      39,064
   Adjustments to reconcile net loss to
     net cash provided by operating activities:
         Bad debts                                                                      13,217                    170,415
         Depreciation and amortization                                                 367,811                    407,507
         Changes in assets and liabilities:
         Accounts receivable                                                          (151,640)                  (129,800)
         Prepaid expenses                                                               44,677                     11,744
         Accounts payable &
           accrued expenses                                                           (228,363)                    52,218
                                                                                      ---------                  ---------
         NET CASH PROVIDED BY
         OPERATING ACTIVITIES                                                          394,522                    551,148
                                                                                      ---------                  ---------

CASH FLOWS FROM INVESTING ACTIVITIES:
  Purchases of property and improvement                                                (29,250)                    (7,188)
                                                                                      ---------                  ---------
         NET CASH USED IN
         INVESTING  ACTIVITIES                                                         (29,250)                    (7,188)
                                                                                      ---------                  ---------
CASH FLOWS FROM FINANCING ACTIVITIES:
         Payments on mortgage loans payable                                           (129,521)                  (122,188)
                                                                                      ---------                  ---------
         NET CASH USED IN
         FINANCING ACTIVITIES                                                         (129,521)                  (122,188)
                                                                                      ---------                  ---------

NET INCREASE IN CASH
AND CASH EQUIVALENTS                                                                   235,751                    421,772

CASH AND CASH EQUIVALENTS
   Beginning of Period                                                               8,995,455                  7,606,857
                                                                                     ---------                  ---------

CASH AND CASH EQUIVALENTS
   End of Period                                                                  $  9,231,206                $ 8,028,629
                                                                                     =========                  =========
</TABLE>





<PAGE>


                          HEALTHCARE PROPERTIES, L.P.
                            (A Limited Partnership)

                          NOTE TO FINANCIAL STATEMENTS
                       Three months ended March 31, 1997
                                  (Unaudited)

A.  ACCOUNTING POLICIES

        The  accompanying  unaudited  condensed  financial  statements have been
prepared in accordance with generally accepted accounting principles for interim
financial  information and with the  instructions to Form 10-Q and Article 10 of
Regulation  S-X.  Accordingly,  they do not include all of the  information  and
footnotes  required by generally  accepted  accounting  principles  for complete
financial statements. In the opinion of management,  all adjustments (consisting
of normal recurring accruals) considered necessary have been included. Operating
results are not  necessarily  indicative of the results that may be expected for
the year ending  December 31, 1997. The financial  statements  should be read in
conjunction with the consolidated financial statements and the footnotes thereto
included in Registrant's  annual report on Form 10-K for the year ended December
31, 1996.

B.   TRANSACTIONS WITH THE GENERAL PARTNER AND AFFILIATES OF THE GENERAL PARTNER

     Effective July 1, 1993, Capital Realty Group Senior Housing, Inc. ("CRGSH")
replaced  Jacques-Miller,  Inc.  and  Jacques and  Associates,  L.P. as the sole
General Partner of the Registrant.

     Personnel  working at the Property sites and certain home office  personnel
who perform  services for the Registrant are employees of Capital Senior Living,
Inc.  (CSL),  an  affiliate  of CRGSH.  The  Registrant  reimburses  CSL for the
salaries,  related  benefits,  and overhead  reimbursements of such personnel as
reflected in the accompanying financial statements. Reimbursements and fees paid
to the general partner and affiliates of the general partner are as follows:
<TABLE>
<CAPTION>

                                                              Three months ended         Three months ended
                                                                March 31, 1997             March 31, 1996
                                                              ------------------         ------------------

<S>                                                           <C>                         <C>            
Salary and benefit reimbursements                             $       787,281             $       399,433
Administrative reimbursements                                          50,285                      90,223
Asset management fees                                                 103,433                     180,000
Property management fees                                               84,285                      40,525
General partner management fees                                        23,023                      11,097
                                                              ---------------             ---------------
                                                              $     1,048,307             $       721,278
                                                              ===============             ===============
</TABLE>

Currently, Capital Senior Living Communities, L.P., an affiliate of CRGSH, holds
approximately 50% of the outstanding units of the Registrant.


C.      VALUATION OF RENTAL PROPERTY

Generally accepted  accounting  principles require that the Registrant  evaluate
whether it is probable that the estimated  undiscounted future cash flows of its
properties, taken individually,  will be less than the respective net book value
of the properties. If such a shortfall exists and is material, then a write-down
is warranted.  The Registrant  performs such  evaluations on an on-going  basis.
During  the  three  months  ended  March  31,  1997,  based on the  Registrant's
evaluation of the properties, the Registrant did not believe that any additional
write-down was warranted.

        The balance sheet of the  Registrant  as of March 31, 1997,  shows total
assets of $32,478,483, total liabilities of $8,065,038, and Registrant equity of
$24,413,445.


Item 2. Management's  Discussion and Analysis of Financial Condition and Results
of Operations

Liquidity and Capital Resources

        Registrant  commenced an offering to the public on August 31,  1987,  of
depository  units  representing  beneficial  assignments of limited  partnership
interests  ("Units").  On October 14,  1987,  Registrant  commenced  operations,
having previously accepted  subscriptions for more than the specified minimum of
120,000  Units.  As of August 30, 1989, the offering was closed except for Units
for sale to existing  investors  under the terms of a distribution  reinvestment
plan.  As  of  September  30,  1995,   Registrant  had  sold  Units  aggregating
approximately  $43.4  million.   Due  to  the  suspension  of  the  distribution
reinvestment  plan,  Registrant  does not anticipate  any  additional  inflow of
investment.

        All of the net proceeds of the offering were  originally  invested in 12
properties  or used for  working  capital  reserves.  The  Registrant  partially
financed the acquisition of eight of its original  properties with  non-recourse
debt. Four properties were initially unleveraged.  As of March 31, 1997, four of
the  original  twelve  properties  had  either  been sold or deeded  back to the
lender,  leaving the Registrant  with four  properties  secured by debt and four
properties unleveraged.

        Potential  sources of liquidity  for  Registrant  include  collection of
outstanding  receivables and/or revenue  participation related to various leased
facilities,  collection on defaulted rent and/or damage  settlements  related to
leases  in  default,  new  mortgage  financing  on one or more  of  Registrant's
unencumbered  assets,  and a potential  sale of one or more of the  Registrant's
assets.

        As  of  March  31,  1997,  Registrant  had  cash  and  cash  equivalents
aggregating  $9,231,206.  The cash and cash equivalents will be used for working
capital,  balloon notes due by 1997, emergency reserves, and other restructuring
requirements.

        Registrant's  general  policy is to  maintain  sufficient  cash and cash
equivalents  to address  disruptions  of its lease revenues and to have adequate
additional  funds for  investment in existing  assets for  improvements.  To the
extent that Registrant  deems it necessary to take over the operations of any of
its facilities  currently  under long term net lease,  such action would require
additional  investment  in  working  capital  for  operating  reserves,  capital
expenditures  and related debt  payments.  As a consequence  of prior  defaults,
Registrant  suspended cash  distributions  on July 1, 1991,  pending  successful
resolution of the various problems within its portfolio.  Due to the uncertainty
of the  timing and  conditions  under  which the  Liquidity  Reserve  (which was
suspended in March of 1991) might be reactivated, on August 15, 1991, Registrant
ceased accepting additional liquidation requests. As required by the Partnership
Agreement  for  Limited  Partners to be paid their  portion  for federal  income
taxes,  a  $250,000  cash  distribution  was  made in  June  1993.  Future  cash
distributions will be dependent upon improved  operational income and successful
refinancing on certain Registrant  mortgages.  The Units are not publicly traded
and as a result the liquidity of each Limited Partner's individual investment is
limited.




<PAGE>


Results of Operations

                Discussion of Three Months Ending March 31, 1997

        Rental  revenues for the three  months  ended March 31, 1997,  decreased
$121,111  from the  comparable  three months  ended March 31,  1996,  due to the
termination of lease  accruals with the prior lessee of the Cambridge  facility.
Net  patient  services  for the three  months  ended March 31,  1997,  increased
$627,636  from the three months ended March 31, 1996.  Net patient  services for
the three  months  ended March 31,  1997 is for the  Cambridge  facility,  which
Registrant  assumed  management of in August 1996, and net patient  services for
the three months ended March 31, 1996 is for the Countryside facility, which was
sold in May 1996.  Interest  income for the three  months  ended  March 31, 1997
increased  $21,562 from the three months ended March 31, 1996  primarily  due to
rising interest rates and increasing cash available for investment.

        Facility  operating  expenses for the three months ended March 31, 1997,
increased  by $586,786  from the  comparable  1996  period.  Facility  operating
expenses  for the  three  months  ended  March  31,  1997 and 1996  include  the
operating expenses of the Cambridge Nursing Home and Countryside,  respectively.
Depreciation for the three months ended March 31, 1997,  decreased  $38,020 from
the comparable  1996 period and is primarily due to the loss of the  Countryside
facility.  Lease default  expense  decreased  $35,421 for the three months ended
March 31,  1997 from the  comparable  1996 period due to  decreasing  legal fees
incurred  on  the  resolution  of  defaulted  leases.  Administrative  expenses,
including fees to the General  Partner,  decreased  $75,410 for the three months
ended March 31, 1997 in  comparison  to 1996 and is  primarily  due to decreased
administrative  reimbursements  and asset  management fees. Bad debt expense for
the three months ended March 31, 1997  decreased  $157,198  from the  comparable
1996 period  primarily due to the  decreasing  bad debt provision on Partnership
advances and rent  provisions to the Cambridge  facility.  Interest  expense and
amortization  for the three months ended March 31, 1997 decreased by $60,730 and
$1,676,  respectively,  from the comparable 1996 period, and is primarily due to
the loss of the Countryside facility.

        Cash and cash  equivalents as of March 31, 1997 increased  $235,751 over
the balance at December 31,  1996.  Increased  cash for the three months  ending
March 31, 1997 in comparison to 1996 is primarily due to improved operating cash
flow.  Net  accounts  receivable  of  $932,657 at March 31,  1997  reflected  an
increase  of  $138,423  over  1996  year-end  balances  and is  due  to  delayed
collection of Medicaid and Medicare claims from the Cambridge facility. Accounts
payable,  accrued  expenses,  and facility  accounts payable balances  decreased
$228,363 at March 31, 1997,  from  December 31, 1996 and is primarily due to the
payment of accrued Medicaid liabilities on the Countryside facility.

        The  following  is a brief  discussion  of the  status  of  Registrant's
properties:

        Cedarbrook,  Cane  Creek, Crenshaw  Creek  and  Sandy  Brook facilities.
Rebound,  Inc. (a subsidiary of HealthSouth  Corporation) leases the Cedarbrook,
Cane Creek, Crenshaw Creek and Sandy Brook properties pursuant to a master lease
with the Registrant.

        Due to low occupancy of the Sandybrook  facility,  it was closed in 1994
and at this time the lessee has not  provided any  information  on when it might
reopen. Rental payments in March and April 1995 were discontinued by HealthSouth
causing an interruption in the master lease. Registrant met with HealthSouth and
those payments were subsequently made in the second quarter of 1995.  Subsequent
to that time period,  all payments have been made on a timely basis. In February
1997,  the  Registrant  was  notified  by  HealthSouth  of  the  closing  of the
Cedarbrook  facility  due to the low  occupancy.  At this time,  the  Registrant
cannot  determine when this facility might reopen.  HealthSouth has continued to
make lease payments on a timely basis.

<PAGE>

        Two recourse loans,  Cedarbrook and Cane Creek, were due in January 1996
in the aggregate  amount of approximately  $2,400,000.  Both of these notes were
callable by the lenders at any time  between  January 1, 1993 and  November  30,
1995;  however,  the lenders  agreed not to exercise  their call rights prior to
maturity on January 31, 1996 as long as the  Partnership  remained in compliance
with the loan agreements.  One of the lenders agreed to extend the maturity date
of its note to December 1, 2001, pending completion of final loan documents.  On
March 21, 1997,  the other  lender  agreed not to exercise its call rights until
June 30, 1997.  The  Partnership is currently  negotiating  the extension of the
note until December 1, 2001.

        Countryside  facility.  The mortgage loan on Countryside  was in default
from April 1992 onward. On May 1, 1996, Registrant sold the Countryside facility
to a third party buyer for $2,200,000.  With the sale proceeds,  Registrant paid
off the  lender  on  Countryside  an  amount  agreed  to by the  lender  in full
settlement of all  obligations  to the lender.  Registrant  netted  $26,000 as a
result of this agreed upon sale.  Registrant also obtained a full release of all
potential liability from the lender.

        Cambridge  facility.  The  lessee  of the  Cambridge  facility,  Nursing
Centers of America-Cambridge ("NCAC") , filed a voluntary petition under Chapter
11 of the Federal  Bankruptcy  Code in February  of 1992.  Registrant  commenced
litigation  against NCAC seeking full payment of future  rentals under the lease
of NCAC.

        On August 1, 1996,  the United  States  Bankruptcy  Court  approved  the
transfer of the  operations  of NCA Cambridge  Nursing Home to Cambridge  LLC, a
subsidiary of the Registrant,  thereby  releasing the operations of the facility
from the jurisdiction of the United States Bankruptcy Court.

        Trinity Hills,  McCurdy,  and Hearthstone  facilities.  The Registrant's
other  facility  lessees  are all  current  in their  lease  obligations  to the
Registrant.  In addition,  the  Registrant  believes it likely that two of these
lessees will pay additional rental amounts to the Registrant during future years
based upon  increased  revenues at those  facilities.  However,  there can be no
assurance  of such  increased  revenue.  Two of these  facilities  appear  to be
generating  cash flow  sufficient to fund their lease  obligations,  but Trinity
Hills is, at this time,  not generating  sufficient  cash flow to fund its lease
obligations from property operations.  However, the lessee continues to fund the
deficit lease cash flow.


        PART II.  OTHER INFORMATION

Item 1. Legal Proceedings

        Registrant  has been  engaged  in  litigation  in an  attempt to recover
damages from  defaulting  lessees and their  guarantors.  Such  actions  involve
claims  against a prior  operator of the  Diablo/Tamarack  facility.  In certain
cases  counterclaims  against  Registrant have been either  threatened or filed.
Registrant  does not believe any materially  adverse  judgements are likely from
these counter claims.

Item 2. Changes in Securities

        None.

Item 3. Defaults Upon Senior Securities

        None.

Item 4. Submission of Matters to a Vote of Security Holders

        None.
<PAGE>


Item 5. Other Information

        None.

Item 6. Exhibits and Reports on Form 8-K

        None.
<PAGE>


                                   SIGNATURES

        Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned thereunto duly authorized.



HEALTHCARE PROPERTIES, L.P.

By:     CAPITAL REALTY GROUP SENIOR HOUSING, INC.
         General Partner



By:     /s/Keith Johannessen
        --------------------
        Keith Johannessen
        President

Date:   May 13, 1997