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 June 30, 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



                                            June 30, 1997     December 31, 1996
                                            -------------     -----------------
                                             (Unaudited)          (Audited)
                                             -----------          ---------
                                     ASSETS
                                     ------

Cash and cash equivalents                   $  9,548,043       $  8,995,455

Accounts receivable, less
 allowance for doubtful
 accounts of $4,255,655
 in 1997 and $4,225,811
 in 1996                                         947,337            794,234


Prepaid Expenses and other                        72,723             85,295

Property and improvements, net                21,469,109         22,112,619

Deferred charges, less accumulated
 amortization of $819,111 in 1997
 and $765,409 in 1996                            446,242            499,944
                                            ------------       ------------

                                            $ 32,483,454       $  2,487,547
                                            ============       ============




                        See notes to financial statements
                                       1


<PAGE>




                       LIABILITIES AND PARTNERSHIP EQUITY
                       ----------------------------------

 Accounts payable and accrued
  expenses                                  $    820,991       $  1,004,204

Operating facility accounts payable               43,359            211,304

Mortgage loans payable                         6,946,423          7,207,414
                                            ------------       ------------

                                               7,810,773          8,422,922
                                            ------------       ------------

Partnership equity:
 Limited partners (4,172,457 units)           24,654,579         24,058,684
 General partner                                  18,102              5,941
                                            ------------       ------------
                                              24,672,681         24,064,625
                                            ------------       ------------

                                            $ 32,483,454       $ 32,487,547
                                            ============       ============




                        See notes to financial statements
                                       2


<PAGE>
                           HEALTHCARE PROPERTIES, L.P.
                             (A Limited Partnership)

                             STATEMENT OF OPERATIONS


                                      Three months ended,   Three months ended,
                                         June 30, 1997         June 30, 1996
                                         -------------         -------------

Revenues:
   Rental                                $   1,059,749          $  1,229,333
   Net patient services                      1,289,147               207,727
                                         -------------          ------------
                                             2,348,896             1,437,060
                                         -------------          ------------


Expenses:
   Facility operating expenses               1,121,592               188,791
   Depreciation                                340,960               354,928
   Lease default expenses                       10,037                18,144
   Administrative and other                    490,041               303,792
   Bad debts                                    14,844               245,094
                                         -------------          ------------
                                             1,977,474             1,110,749
                                         -------------          ------------
       Income from operations                  371,422               326,311
                                         -------------          ------------


Other income (expenses):
   Gain on sale                                      0               387,528
   Interest income                              85,886                58,354
   Interest expenses                          (171,222)             (196,982)
   Amortization                                (26,850)              (28,527)
                                         --------------         -------------
                                              (112,186)              220,373
                                         --------------         -------------
         Net income before
           extraordinary item                  259,236               546,684

         Extraordinary item - gain
           on extinguishment of debt                 0               952,692
                                         -------------          ------------
        Net income                       $     259,236          $  1,499,376
                                         =============          ============

NET EARNINGS PER UNIT                    $         .06          $        .36
                                         =============          ============

WEIGHTED AVERAGE
   NUMBER OF UNITS                           4,172,457             4,172,457
                                         =============          ============




                        See notes to financial statements
                                       3


<PAGE>
                
                           HEALTHCARE PROPERTIES, L.P.
                             (A Limited Partnership)

                             STATEMENT OF OPERATIONS


                                         Six months ended,     Six months ended,
                                           June 30, 1997         June 30, 1996
                                         -----------------     -----------------

Revenues:
   Rental                                  $  2,157,973          $   2,448,668
   Net patient services                       2,495,295                786,239
                                           ------------          -------------
                                              4,653,268              3,234,907
                                           ------------          -------------

Expenses:
   Facility operating expenses                2,256,544                736,957
   Depreciation                                 681,920                733,908
   Lease default expenses                        14,687                 58,215
   Administrative and other                     830,111                719,272
   Bad debts                                     28,061                415,509
                                           ------------          -------------
                                              3,811,323              2,663,861
                                           ------------          -------------
       Income from operations                   841,945                571,046
                                           ------------          -------------

Other income (expenses):
   Gain on sale                                       0                387,528
   Interest income                              163,635                114,541
   Interest expenses                           (343,823)              (430,313)
   Amortization                                 (53,701)               (57,054)
                                           ------------          -------------
                                               (233,889)                14,702
                                           ------------          -------------

         Net income before
           extraordinary item                   608,056                585,748

         Extraordinary item - gain
           on extinguishment of debt                  0                952,692
                                           ------------          -------------
        Net income                         $    608,056          $   1,538,440
                                           ============          =============

NET EARNINGS PER UNIT                      $        .15          $         .37
                                           ============          =============

WEIGHTED AVERAGE
   NUMBER OF UNITS                            4,172,457              4,172,457
                                           ============          =============



                        See notes to financial statements
                                       4


<PAGE>



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

                        STATEMENTS OF PARTNERSHIP EQUITY



                               Limited          General
                               Partners         Partners           Total
                               --------         --------         ---------
Allocation of Net Earnings
   (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


Net Income                        254,051          5,185              259,236
                             ------------       --------        -------------

EQUITY at
   June 30, 1997             $ 24,654,579       $ 18,102        $  24,672,681
                             ============       ========        =============












                        See notes to financial statements
                                       5


<PAGE>




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

                            STATEMENTS OF CASH FLOWS


                                           Six months ended    Six months ended
                                            June 30, 1997       June 30, 1996
                                            -------------       -------------
CASH FLOWS FROM OPERATING ACTIVITIES:
   Net Income                                $   608,056         $ 1,538,440
   Adjustments to reconcile net loss to
     net cash provided by operating
     activities:
         Gain on extinguishment of debt                0            (952,692)
         Gain on sale                                  0            (387,528)
         Bad debts                                28,061             415,509
         Depreciation and amortization           735,621             790,962
         Changes in assets and
          liabilities:
             Accounts receivable                (181,164)           (279,067)
             Prepaid expenses                     12,572              34,118
             Accounts payable &
               accrued expenses                 (351,158)            176,802
                                             -----------         -----------

                    NET CASH PROVIDED BY
                    OPERATING ACTIVITIES         851,988           1,336,544
                                             -----------         -----------

CASH FLOWS FROM INVESTING ACTIVITIES:
  Proceeds on sale of property                         0           2,246,114
  Purchases of property and improvement          (38,409)            (10,655)
                                             -----------         -----------
                    NET CASH (USED)
                    PROVIDED IN
                    INVESTING  ACTIVITIES        (38,409)          2,235,459
                                             -----------         -----------

CASH FLOWS FROM FINANCING ACTIVITIES:
       Payments on mortgage loans
          payable                               (260,991)         (2,314,784)
                                             -----------         -----------
                    NET CASH USED IN
                    FINANCING ACTIVITIES        (260,991)         (2,314,784)
                                             -----------         -----------

NET INCREASE IN CASH
AND CASH EQUIVALENTS                             552,588           1,257,219

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

CASH AND CASH EQUIVALENTS
   End of Period                             $ 9,548,043         $ 8,864,076
                                             ===========         ===========





                        See notes to financial statements
                                       6


<PAGE>



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

                          NOTE TO FINANCIAL STATEMENTS
                         Six months ended June 30, 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:


                                        Six months ended       Six months ended
                                          June 30, 1997          June 30, 1996


Salary and benefit reimbursements         $   1,579,494          $    528,936
Administrative reimbursements                    85,694               109,101
Asset management fees                           222,289               383,208
Property management fees                        169,558                53,665
General partner management fees                  45,802                28,781
                                          -------------          ------------
                                          $   2,102,837          $  1,103,691
                                          =============          ============

Currently, Capital Senior Living Communities, L.P., an affiliate of CRGSH, holds
approximately 55% of the outstanding Units of the Registrant.

                                       7


                                                  


<PAGE>


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 six  months  ended  June  30,  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 June 30, 1997, shows total assets
of  $32,483,454,  total  liabilities  of $7,810,773,  and  Registrant  equity of
$24,672,681.


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 June 30, 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 June 30, 1997,  Registrant had cash and cash equivalents  aggregating
$9,548,043.  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 and $325,000 cash  distribution was made in June 1993 and July
1997,  respectively.  Future cash  distributions will be dependent upon improved
operational income and successful refinancing on certain Registrant mortgages.

                                        8


<PAGE>



The Units are not publicly  traded and as a result the liquidity of each Limited
Partner's individual investment is limited.



                                       9


<PAGE>



Results of Operations

                  Discussion of Six Months Ending June 30, 1997

     Rental revenues for the six months ended June 30, 1997,  decreased $290,695
from the comparable  six months ended June 30, 1996,  due to the  termination of
lease  accruals  with the prior lessee of the  Cambridge  facility.  Net patient
services for the six months ended June 30, 1997,  increased  $1,709,056 from the
six months  ended June 30, 1996.  Net patient  services for the six months ended
June 30, 1997 is for the Cambridge facility, which Registrant assumed management
of in August  1996,  and net patient  services for the six months ended June 30,
1996 is for the  Countryside  facility,  which  was sold in May  1996.  Interest
income for the six months  ended June 30, 1997  increased  $49,094  from the six
months ended June 30, 1996 primarily due to rising interest rates and increasing
cash available for investment.

     Facility  operating  expenses  for the six  months  ended  June  30,  1997,
increased by $1,519,587  from the  comparable  1996 period.  Facility  operating
expenses for the six months  ended June 30, 1997 and 1996 include the  operating
expenses  of  the  Cambridge   Nursing  Home  and   Countryside,   respectively.
Depreciation for the six months ended June 30, 1997,  decreased $51,988 from the
comparable  1996  period  and is  primarily  due to the loss of the  Countryside
facility.  Lease default expense decreased $43,528 for the six months ended June
30, 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,  increased  $110,839  for the six months ended June 30,
1997 in comparison to 1996 and is primarily due to increased  professional fees.
Bad debt expense for the six months ended June 30, 1997 decreased  $387,448 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 six months  ended June 30, 1997  decreased by
$86,490  and $3,353,  respectively,  from the  comparable  1996  period,  and is
primarily due to the loss of the Countryside facility.

     During the second quarter 1996, the Partnership incurred a $387,528 gain on
sale and $952,692  extraordinary  gain on extinguishment of debt due to the sale
of the Countryside facility.

     For the three months ended June 30, 1997 as compared  with the three months
ended June 30, 1996, the  Partnership's  revenue was impacted by the same shifts
of revenue as discussed  above.  Similarly,  a comparison of second quarter 1997
operating  expenses  versus second  quarter 1996 reflects the same  variances as
discussed above.

     Cash and cash  equivalents as of June 30, 1997 increased  $552,588 over the
balance at December 31, 1996.  Cash decreased for the six months ending June 30,
1997 in comparison to 1996 is primarily  due to increasing  accounts  receivable
and decreasing accounts payable and accrued expenses. Net accounts receivable of
$947,337 at June 30, 1997  reflected an increase of $153,103  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 $351,158 at June 30, 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

                                       10


<PAGE>



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.

     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.

Item 3.  Quantitative and Qualitative Disclosures About Market Risk

         Not applicable.


         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.


                                       11


<PAGE>



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.

Item 5.  Other Information

         As of July 1, 1997, Capital Senior Living  Communities,  L.P. ("CSLC"),
an affiliate of CRGSH,  acquired  additional Units of Registrant and thereby now
holds approximately 55% of the Units of Registrant.  CSLC has acquired the units
for cash for investment purposes.  Messrs.  Jeffrey L. Beck and James A. Stroud,
the beneficial  owners of CRGSH,  are also the beneficial  owners of the general
partner of CSLC and beneficially own in excess of 50% of the outstanding  equity
units of CSLC.

Item 6.  Exhibits and Reports on Form 8-K

         None.


                                       12


<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:    August 13, 1997




                                       13