FORM 10-K

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
(Mark One)

     ( X )     ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF
               THE SECURITIES EXCHANGE ACT OF 1934 (FEE REQUIRED)
               For the Fiscal Year Ended December 31, 1996

     (   )     TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D)
               OF THE SECURITIES  AND EXCHANGE ACT OF 1934.  (NO FEE REQUIRED)

                        Commission File Number 33-17579

             REALMARK PROPERTY INVESTORS LIMITED PARTNERSHIP - VI B
             (Exact Name of Registrant as specified in its Charter)

             Delaware                                16-1309988
       --------------------                --------------------------------
       (State of Formation)               (IRS Employer Identification No.)

                             2350 North Forest Road
                                   Suite 12-A
                           Getzville, New York 14068
                    (Address of Principal Executive Office)

Registrant's Telephone Number:  (716) 636-9090
Securities registered pursuant to Section 12(b) of the Act:    None
Securities registered pursuant to Section 12(g) of the Act:    Units of Limited
                                                               Partnership
                                                               Interest

Indicate  by a 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 the past 90 days. Yes  X  No
                                              ---    ---
Indicate by a check mark if disclosure of delinquent filers pursuant to Item 405
of Regulation  S-K is not contained  herein,  and will not be contained,  to the
best  of  the  registrant's   knowledge,  in  definitive  proxy  or  information
statements  incorporated  by  reference  in Part  III of this  Form  10-K or any
amendment to this Form 10-K.(X)

                       DOCUMENTS INCORPORATED BY REFERENCE
        See page 13 for a list of all documents incorporated by reference

                                       1

<PAGE>


                                     PART I

ITEM  1:       BUSINESS
-------        --------

     The registrant,  Realmark Property Investors Limited Partnership-IV B ("the
Partnership"),  is a Delaware limited partnership  organized in 1987 pursuant to
an  Agreement  and  Certificate  of  Limited   Partnership   (the   "Partnership
Agreement"),  under the revised  Delaware  Uniform Limited  Partnership Act. The
Partnership's  general  partners are Realmark  Properties,  Inc. (the "Corporate
General Partner"), a Delaware corporation, and Joseph M. Jayson (the "Individual
General   Partner").   During   1988,   Realmark   Properties-IV   B  Associates
("Associates")  and RPI  Investors-II,  Inc.  (formally the  "Corporate  General
Partner") were merged with Realmark Properties, Inc.

     The  Registrant  commenced the public  offering of its limited  partnership
units,  registered  with  the  Securities  and  Exchange  Commission  under  the
Securities  Act of 1933,  as amended,  on November 11, 1988.  The first  interim
closing  took  place  on  February  2,  1989,  and  the  initial  $2,134,300  of
contributed  capital  was  released  to the  Partnership  at which time it began
operations.  The  offering  was  concluded  February  28, 1990 at which time the
Partnership  had raised  $7,862,510,  before  deducting  sales  commissions  and
syndication costs.

     The Partnership's  primary business and its only industry segment is to own
and  operate  income-producing  real  property  for the  benefit of its  limited
partners.  Through  December  31,  1996,  the  Partnership  owned two  apartment
complexes,  totaling 336 units. In addition, the Partnership is a partner in the
Foxhunt Apartments Joint Venture owning 11.5% of a 250 unit apartment complex in
Kettering,  Ohio, and in the Lakeview Apartments Joint Venture, owning 16.22% of
a 168 unit apartment complex in Milwaukee, Wisconsin.

     In June 1991,  the  Partnership  purchased  the 144 unit Players Club North
Apartments,  located  in Lutz,  Florida,  and the Villa  Apartments,  a 192 unit
apartment complex in Greenville,  South Carolina. The average occupancy level at
Players Club in 1996 was 94%; the Villa  averaged  approximately  92%. For 1995,
occupancy at Players Club North averaged 96%, while the Villa was 96%. Occupancy
during 1994  averaged 97% at Players Club North and 91% at the Villa.  The Villa
accounted for approximately  55% of total  Partnership  revenue generated during
1996.  Players Club generated  approximately  45% of total  Partnership  revenue
during the year.  For the years  ended  December  31,  1995 and 1994,  the Villa
generated 54% and 52% of total Partnership  revenue,  and Players Club accounted
for 46% and 48% of total Partnership revenue, respectively.

     The business of the  Partnership is not seasonal.  The  Partnership,  as of
December 31, 1996, did not directly employ any persons in a full-time  position.
All regular employees who rendered services on behalf of the Partnership through
December  31,  1996 were  employees  of the  Corporate  General  Partner  or its
affiliates.

     The  Partnership's  investment  objectives  are to (1)  provide a return of
capital plus capital gains from the sale of appreciated properties;  (2) provide
partners with cash  distributions  until  properties  are sold; (3) preserve and
protect  partners  capital  and;  (4)  achieve  build-up  of equity  through the
reduction of mortgage loans.


                                       2
<PAGE>

ITEM 2:   PROPERTIES
-------   ----------

The  following  is a  list  of  Properties  and  Joint  Ventures  owned  by  the
Partnership as of December 31, 1996:


<TABLE>
<CAPTION>


Property Name
  and Location        General Character of Property                   Purchase Date
  ------------        -----------------------------                   -------------
<S>                   <C>                                             <C>
Players Club North    A 144 unit apartment complex.  The              June 1991
Lutz, FL              mortgage balance at 12/31/96 was
                      $2,273,368,    maturing   July   1998,   and
                      providing for monthly principal and interest
                      payments of $20,402 bearing interest at 10%.

The Villa             A 192 unit apartment complex.  The mortgage     June 1991
Greenville, SC        balance at 12/31/96 was $1,951,738,
                      maturing  August  1998,  and  providing  for
                      monthly  principal and interest  payments of
                      $17,998 bearing interest at 9.875%.

    Joint Venture
Name and Location

Foxhunt Apartments    A 250 unit apartment complex.  The mortgage     September 1991
  Joint Venture       balance at 12/31/96 was $4,528,289,
Kettering,            OH maturing  April 2027,  and  providing for
                      monthly  principal and interest  payments of
                      $36,358 bearing interest at 9.00%.

Lakeview JV           A 168 unit apartment complex.  The mortgage     September 1992
Milwaukee, WI         payable at 12/31/96 was $2,508,128,
                      providing for monthly principal and interest
                      payments  of  $19,410  bearing  interest  at
                      8.25%.  The term of the mortgage is 10 years
                      with the  remaining  balance due and payable
                      on February 1, 2006.
</TABLE>



ITEM 3:   LEGAL PROCEEDINGS
-------   -----------------

     The Partnership is not a party to, nor is any of the Partnership's property
the subject of, any material pending legal proceedings.


ITEM 4:   SUBMISSIONS OF MATTERS TO A VOTE OF SECURITY HOLDERS
-------   ----------------------------------------------------

     None.



                                       3
<PAGE>


                                     PART II

ITEM 5:   MARKET FOR REGISTRANT'S UNITS OF LIMITED
-------   ----------------------------------------
          PARTNERSHIP INTEREST
          --------------------

     There is  currently  no  active  trade  market  for the  units  of  Limited
Partnership  Interest of the Partnership and it is not anticipated that any will
develop in the future.

     As of  December  31,  1996,  there  were 1,119  record  holders of units of
Limited Partnership Interest.



























                                       4
<PAGE>

ITEM 6:  SELECTED FINANCIAL DATA

<TABLE>
<CAPTION>
                                         Realmark Properties Investors Limited Partnership-VI B

                             Year Ended        Year Ended       Year Ended       Year Ended       Year Ended
                            Dec. 31, 1996     Dec. 31, 1995    Dec. 31, 1994    Dec. 31, 1993    Dec. 31, 1992
                            -------------     -------------    -------------    -------------    -------------
<S>                           <C>              <C>              <C>              <C>              <C>
Total assets                  $ 7,749,737      $ 8,048,753      $ 9,447,468      $ 7,981,018      $ 8,341,110
                              ===========      ===========      ===========      ===========      ===========

Notes payable and
  long-term obligations       $ 4,225,106      $ 4,263,769      $ 4,298,714      $ 2,318,001      $ 2,325,000
                              ===========      ===========      ===========      ===========      ===========
_____________________________________________________________________________________________________________

Revenue                       $ 1,683,954      $ 1,715,088      $ 1,618,645      $ 1,449,496      $ 1,435,512

Expenses                        1,854,988        2,412,220        2,051,597        1,756,195        1,579,014
                              -----------      -----------      -----------      -----------      -----------

Income (loss) before
  allocated loss from
  joint ventures                 (171,034)        (697,132)        (432,952)        (306,699)        (143,502)

Allocated loss from
  joint ventures                  (51,048)         (73,723)         (70,786)         (28,933)         (13,676)
                              -----------      -----------      -----------      -----------      -----------

Net Loss                      $  (222,082)     $  (770,855)     $  (503,738)     $  (335,632)     $  (157,178)
                              ===========      ===========      ===========      ===========      ===========
_____________________________________________________________________________________________________________

Net cash provided by
  (used in) operating
  activities                  $   170,266      $    95,718      $  (195,511)     $    21,191      $    (2,554)

Principal payments on
  long-term debt                  (38,663)         (34,945)         (19,287)          (6,999)            --
                              -----------      -----------      -----------      -----------      -----------

Net cash (used in)
  provided by
  operating activities
  less principal payments     $   131,603      $    60,773      $  (214,798)     $    14,192      $    (2,554)
                              ===========      ===========      ===========      ===========      ===========
_____________________________________________________________________________________________________________

(Loss) income per limited
  partnership unit            $     (2.74)     $     (9.51)     $     (6.21)     $     (4.14)     $     (1.94)
                              ===========      ===========      ===========      ===========      ===========

Distributions per
  limited partnership
  unit                        $      0.23      $      0.96      $      0.50      $      1.25        $ 3.12.25
                              ===========      ===========      ===========      ===========      ===========

Weighted average number
  of limited partnership
  units outstanding              78,625.1         78,625.1         78,625.1         78,625.1         78,625.1
                              ===========      ===========      ===========      ===========      ===========
</TABLE>


                                       5

<PAGE>


ITEM 7:   MANAGEMENT'S DISCUSSION AND ANALYSIS OF
-------   ---------------------------------------
          FINANCIAL CONDITION AND RESULTS OF OPERATIONS
          ---------------------------------------------

Liquidity and Capital Resources:
--------------------------------

     The  Partnership  continues to benefit from two fairly  strong  markets for
residential rental  properties:  Players Club in Lutz, Florida and The Villas in
Greenville,  South  Carolina.  The  Partnership  had  positive  cash  flow  from
operations  through the year ended  December 31, 1996.  Management  is confident
that the properties in this Partnership will continue to prosper  financially in
the coming year.  Expenses are felt to be under control as they are  continually
being reviewed and monitored  closely.  With occupancy levels  increasing at the
end of 1996 and  continuing  into 1997,  rental  revenue is expected to increase
thus adding to the Partnership's positive cash flow.

     The Partnership  made  distributions  totaling $18,976 or $0.23 per limited
partnership unit during the year ended December 31, 1996;  distributions in 1995
totaled $77,910 or $0.96 per limited  partnership  unit,  exclusive of a payment
constituting a return of capital totaling $500,000;  1994 distributions  totaled
$40,529 or $0.50 per limited  partnership  unit. A larger  distribution  was not
made  during  1996 as  management  was  utilizing  all  cash  to fund  necessary
improvements to the properties.  Management anticipates making a distribution to
all partners during the first quarter of 1997.

     Foxhunt  Apartments came under contract for sale during July 1996. The sale
was subject to a number of  contingencies  and was  cancelable by the purchaser.
The sales price negotiated is $7,400,000.  Until such time as all of the buyer's
due diligence was performed, no closing date could be established. It appears as
of the date of this writing that the sale will not close.  The General  Partners
feel  that  the  sale of this  property  is in the best  interest  of the  joint
venturers, so management continues to look for potential buyers.

           Also on July 16, 1996 a contract for the sale of Lakeview Village was
entered into on behalf of the joint  venturers.  The sales price  negotiated  is
$4,090,000.  The  contract  is  subject  to a  number  of  contingencies  and is
cancelable  by the  purchaser.  No  firm  closing  date  on the  sale  has  been
established to date. The General  Partners  continue to aggressively  seek other
buyers for this property since the sale is deemed to be in the best interests of
the joint venturers.



Results of Operations:
----------------------

     For the year ended December 31, 1996, the  Partnership  incurred a net loss
of $222,082 or $2.74 per limited partnership unit. This is a large decrease from
the years ended December 31, 1995 and 1994 when losses incurred totaled $770,855
or $9.51  per  limited  partnership  unit and  $503,738  or  $6.21  per  limited
partnership unit, respectively.




                                       6
<PAGE>



ITEM 7:   MANAGEMENT'S DISCUSSION AND ANALYSIS OF
-------   ---------------------------------------
          FINANCIAL CONDITION AND RESULTS OF OPERATIONS (Con't.)
          ------------------------------------------------------

Results of Operations (Con't.):
-------------------------------

     Partnership   revenues  for  the  year  ended  December  31,  1996  totaled
$1,683,954,  consisting of rental income of $1,552,571  and other income,  which
includes interest,  laundry income, and other miscellaneous sources of income of
$131,383.  The  decrease  in rental  revenue  from that of the  previous  years,
although  slight,  may be  attributed to a decrease in occupancy at Players Club
mostly  during the third  quarter  of 1996.  Occupancy  at the  Villas  remained
relatively constant throughout the year. At December 31, 1996, both Players Club
and The Villas  appear to be taking  advantage of the strong  rental  markets in
which they are located as occupancy  percentages  are  increasing as compared to
the  previous  quarter.  Management  has made  various  changes in  personnel at
Players Club in hopes that new, more experienced staff will attract new tenants,
as well as retain  current  tenants,  while  bringing a new managing and leasing
strategy  to the  property.  In  order  to  increase  occupancies  during  1996,
management offered incentive programs throughout the year, which as of year-end,
appears  to have  been  successful  based on the  increased  occupancy  noted at
Players Club.  Although this was  successful in increasing  occupancies,  it did
result in a short-term  decrease in revenues.  Rental revenues in the year ended
December 31, 1995 amounted to $1,597,470 and in the year ended December 31, 1994
totaled $1,501,718.  There was also approximately a 12% increase in other income
during the year ended December 31, 1996.  This can be attributed to increases in
both laundry income and termination fees collected.

     Partnership   expenses  for  the  year  ended  December  31,  1996  totaled
$1,854,988, a substantial decrease over the expenses of the years ended December
31,  1995 and 1994 which  were  $2,412,220  and  $2,051,597,  respectively.  The
largest  decrease  in  expenses  may  be  seen  in  property  operations  costs.
Management closely monitored such costs throughout the year, especially focusing
on expenses related to payroll and associates costs, repairs and maintenance and
contracted  services.   Utility  costs  were  also  measured   frequently,   and
cost-savings  ideas  were  implemented  wherever  possible  and  practical.  The
Partnership  has  achieved a decrease in  operations  expenses  of a  remarkable
$492,244 as compared to the previous  year and  approximately  $112,000 over the
1994  amount.  Administrative  expenses  totaled  $373,953  for the  year  ended
December 31, 1996, which was a relatively small decrease over the 1995 amount of
$385,701,  yet a more  sizable  decrease  when  compared  to the  1994  expenses
totaling $527,691. The decrease in administrative expenses paid to affiliates is
the result of decreased  accounting and portfolio  management  fees and investor
services and brokerage fees. The increase in other  administrative  costs is due
to  several  line  items,   including  increased  legal  fees  and  more  costly
advertising campaigns, undertaken to increase occupancies.

     Management   has  plans  in  the  coming  year  to  make  several   capital
improvements  to both The Villas and Players Club,  including but not limited to
interior  painting,  replacement of carpets and appliances,  and improvements to
landscaping.  This work is necessary  in order to  continually  increase  rental
revenue(s) generated,  but in order to keep costs under control,  management has
successfully  obtained large price discounts on paint,  carpeting and appliances
through negotiations with large national companies, such as Whirlpool.

     The Foxhunt  Joint  Venture  had a net loss of $129,930  for the year ended
December 31,  1996.  This loss is a fairly  significant  decrease as compared to
that of 1995 which amounted to $270,419 and that of 1994 which was $169,905.  In
accordance with the joint venture  agreement,  11.5% of the loss is allocated to
the Partnership and 88.5% is allocated to the other joint venturer. Accordingly,
$14,942  of the 1996  loss is  allocated  to the  Partnership  and  $114,988  is
allocated  to the other  joint  venture  partner;  $239,321 of the 1995 loss was
allocable  to the other joint  venturer,  while for the year 1994,  $150,366 was
allocable to the other venturer.


                                       7
<PAGE>



ITEM 7:   MANAGEMENT'S DISCUSSION AND ANALYSIS OF
-------   ---------------------------------------
          FINANCIAL CONDITION AND RESULTS OF OPERATIONS (Con't.)
          ------------------------------------------------------

Results of Operations (Con't.):
-------------------------------

     The Lakeview Village Joint Venture generated a net loss of $222,600 for the
year ended  December 31, 1996.  This loss,  although  less than the two previous
years,  is still a fairly  significant  indication of the problems this property
has had  over the past  several  years.  Vacancies  and  delinquencies  were the
property's two biggest  downfalls in 1996, both of which resulted in significant
cash flow difficulties for the property. The loss for 1995 and 1994 was $262,797
and  $315,948,  respectively.  In accordance  with the joint venture  agreement,
16.22% of the loss is  allocated to the  Partnership  and 83.78% is allocated to
the other joint  venturer.  For 1996,  $36,106 of the loss is  allocated  to the
Partnership  and  $186,494  is  allocated  to the other joint  venture  partner;
$220,172 of the 1995 loss was allocable to the other joint  venturer,  while for
the year 1994, $264,701 was allocable to the other venturer.

     For  the  year  ended  December  31,  1996,  the  tax  basis  loss  for the
Partnership was $136,486 or $1.68 per limited partnership unit compared to a tax
loss of  $707,299 or $8.73 per unit for the year ended  December  31, 1995 and a
tax loss of $520,051 or $6.42 per  limited  partnership  unit for the year ended
December 31, 1994. The Partnership  agreement provides for the taxable income or
losses  to be  allocated  97%  to the  Limited  Partners  and 3% to the  General
Partners,  and in accordance  with this and the Internal  Revenue Code, the loss
for the year ended December 31, 1996 was allocated in this fashion.


ITEM 8:   FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
-------   -------------------------------------------

     Listed under Item 14 of this report.


ITEM 9:   CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS
-------   ---------------------------------------------
          ON ACCOUNTING AND FINANCIAL DISCLOSURE
          --------------------------------------

     None.

                                       8
<PAGE>


                                    PART III

ITEM 10:  DIRECTORS AND EXECUTIVE OFFICERS OF THE
--------  ---------------------------------------
          REGISTRANT
          ----------

     The Partnership, as an entity, does not have any directors or officers. The
Individual General Partner of the Partnership is Joseph M. Jayson. The directors
and executive officers of Realmark Properties, Inc., the Partnership's Corporate
General Partner, as of March 1, 1996, are listed below. Each director is subject
to election on an annual basis.

                       Title of All Positions
Name                    Held with the Company       Year First Elected Director
----                    ---------------------       ---------------------------

Joseph M. Jayson        President and Director                 1979

Judith P. Jayson        Vice President, and Director           1979

Michael J. Colmerauer   Secretary


     Joseph M. Jayson,  President and Director of Realmark Properties,  Inc. and
Judith P. Jayson, Vice President and Director of Realmark Properties,  Inc., are
married to each other.

     The Directors and Executive  Officers of the Corporate  General Partner and
their principal  occupations and affiliations during the last five years or more
are as follows:

     Joseph M. Jayson, age 58, is Chairman,  Director and sole stockholder of J.
M.  Jayson  and  Company,   Inc.  and  certain  of  its  affiliated   companies:
Westmoreland   Capital   Corporation,   Oilmark   Corporation  and  U.S.  Energy
Development  Corporation.  In  addition,  Mr.  Jayson is  chairman  of  Realmark
Corporation, Chairman of Realmark Properties, Inc., wholly-owned subsidiaries of
J. M. Jayson and  Company,  Inc.  and  co-general  partner of Realmark  Property
Investors   Limited    Partnership,    Realmark   Property   Investors   Limited
Partnership-II,  Realmark Property Investors Limited  Partnership-III,  Realmark
Property Investors Limited  Partnership-IV,  Realmark Property Investors Limited
Partnership-V,   Realmark  Property  Investors  Limited  Partnership-VI  A,  and
Realmark Property Investors Limited  Partnership-VI B. Mr. Jayson is a member of
the Investment  Advisory Board of the Corporate General Partner.  Mr. Jayson has
been in real estate for the last 34 years and is a Certified Property Manager as
designated by the Institute of Real Estate Management  ("I.R.E.M.").  Mr. Jayson
received a B.S. Degree in Education in 1961 from Indiana  University , a Masters
Degree from the University of Buffalo in 1963, and has served on the Educational
Faculty of the Institute of Real Estate Management.  Mr. Jayson has for the last
34  years  been  engaged  in  various  aspects  of  real  estate  brokerage  and
investment.  He brokered  residential  properties from 1962 to 1964,  commercial
investment properties from 1964 to 1967, and in 1967 left commercial real estate
to form his own investment  firm. Since that time, Mr. Jayson and J. M. Jayson &
Company,  Inc. have formed or  participated in various ways with forming over 31
real estate related limited partnerships. For the past sixteen years, Mr. Jayson
and  J.M.  Jayson &  Company,  Inc.,  and an  affiliate  have  also  engaged  in
developmental drilling for gas and oil.


                                       9
<PAGE>




     Judith P. Jayson,  age 57, is currently  Vice  President  and a Director of
Realmark  Properties,  Inc.  She is also a Director of the  property  management
affiliate,  Realmark  Corporation.  Mrs.  Jayson has been  involved  in property
management for the last 35 years and has extensive  experience in the hiring and
training of property  management  personnel  and in  directing,  developing  and
implementing  property  management systems and programs.  Mrs. Jayson,  prior to
joining the firm in 1973,  taught business in the Buffalo,  New York High School
System. Mrs. Jayson graduated from St. Mary of the Woods College in Terre Haute,
Indiana,  with a degree in Business  Administration.  Mrs. Jayson is the wife of
Joseph M. Jayson, the Individual General Partner.

     Michael J. Colmerauer, 39, is Secretary and in-house legal counsel for J.M.
Jayson and Company,  Inc., Realmark Corporation,  Realmark Properties,  Inc. and
other companies  affiliated with the General Partners.  He received a Bachelor's
Degree (BA) from Canisius  College in 1980 and a Juris  Doctors  (J.D.) from the
University of Tulsa in 1983. Mr. Colmerauer is a member of the American and Erie
County Bar  Association  and has been  employed by the Jayson group of companies
for the last 13 years.


ITEM 11:  EXECUTIVE COMPENSATION
--------  ----------------------

     No direct  remuneration was paid or payable by the Partnership to directors
and  officers  (since it has no  directors  or  officers)  for the  years  ended
December 31, 1996, 1995 or 1994, nor was any direct remuneration paid or payable
by the  Partnership to directors or officers of Realmark  Properties,  Inc., the
Corporate  General  Partner and sponsor,  for the years ended December 31, 1996,
1995 or 1994.

     The following  table sets forth for the years ended December 31, 1996, 1995
and 1994, the compensation paid by the Partnership,  directly or indirectly,  to
affiliates of the General Partners:

<TABLE>
<CAPTION>
                                                                                  Amounts
    Entity Receiving                         Type of                              -------
     Compensation                         Compensation                1996          1995        1994
     ------------                         ------------                ----          ----        ----
<S>                                                              <C>          <C>           <C>
Realmark Properties, Inc.          Partner distributions         $     569    $    2,337    $    1,216
                                                                -----------   ----------    ----------
(The Corporate General
Partner)                           Reimbursement for
                                   allocated partnership
                                   administration expenses
                                   related to:
                                     Investor services               6,276         5,000        11,696
                                     Brokerage                       6,914         4,451         8,643
                                     Portfolio management
                                       and accounting               66,184       112,745       215,288
                                   Partnership management fees      15,900         3,268        15,900

Realmark Corporation               Property management fees         80,736        84,143        78,247
                                   Computer service fees             8,500         6,336         4,176
                                                                -----------   ----------    ----------
                                                                   184,510       215,943       333,950
                                                                -----------   ----------    ----------

U.S. Capital Services              Mortgage loan placement fee        -             -           20,000
                                                                -----------   ----------    ----------
(An Affiliate of the
General Partners)
                                   Total                        $   185,079   $  218,280    $  355,166
                                                                ===========   ==========    ==========

</TABLE>

                                       10
<PAGE>


     The  Corporate  General  Partner is  entitled to a  continuing  Partnership
Management  Fee  equal to 7% of net cash  flow (as  defined  in the  Partnership
Agreement) of which 2% is subordinated to the receipt by the Limited Partners of
a non cumulative annual cash return equal to 7% of the average of their adjusted
Capital  Contributions  (as defined in the  Partnership  Agreement).  These fees
amounted to $15,900,  $3,268 and $15,900 for the years ended  December 31, 1996,
1995  and  1994,  respectively.  The  General  Partners  are  entitled  to 3% of
Distributable  Cash (as  defined in the  Partnership  Agreement)  and to certain
expense reimbursements with respect to Partnership operations.

     Net  income or loss and  proceeds  arising  from a sale or  refinancing  of
property  shall be  distributed:  first,  to the  Limited  Partners  and  amount
equivalent   to  a  7%  return  on  the  average  of  their   adjusted   capital
contributions;   second,   to  the  corporate  general  partner  a  3%  property
disposition  fee  provided,  however,  that such fees shall be reduced,  but not
below  zero,  by  the  amounts  necessary  to  pay  to  Limited  Partners  whose
subscriptions were accepted by January 31, 1989, an additional cumulative annual
return  (not  compounded)   equal  to  2%  of  their  average  adjusted  capital
contributions, and to Limited Partners whose subscriptions were accepted between
February 1, 1989 and June 30, 1989, an additional  cumulative annual return (not
compounded)  equal  to  1%  of  their  average  adjusted  capital  contributions
commencing  with the first  fiscal  quarter  following  the  termination  of the
offering of units;  third,  to the Limited  partners,  an amount  equal to their
capital  contributions,  then an amount equal to an additional 5% of the average
of their adjusted  capital  contributions;  fourth,  to all Partners,  an amount
equal to their respective  positive capital balances;  finally,  in the ratio of
87% to the Limited Partners and 13% to the General Partners.


ITEM 12:  SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS
--------  -----------------------------------------------
          AND MANAGEMENT
          --------------

     No person  is known to the  Partnership  to own of record or  beneficially,
more than five percent (5%) of the Units of Limited Partnership Interests of the
Partnership.  The General  Partners,  as of December  31, 1996 owned no Units of
Limited Partnership Interest.


ITEM 13:  CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS
--------  ----------------------------------------------

(a)  Transactions with Management and Others
     ---------------------------------------

     No  transactions  have occurred  between the  Partnership  and those in the
management of Realmark Properties, Inc. All transactions between the Partnership
and Realmark  Properties,  Inc. (the  Corporate  General  Partner) and any other
affiliated organization are described in Item 11 of this report and in Note 7 to
the financial statements.

                                       11
<PAGE>

ITEM 14:  EXHIBITS, FINANCIAL STATEMENTS, SCHEDULES, AND
--------  ----------------------------------------------
          REPORTS ON FORM 8-K
          -------------------

(a)     Financial Statements and Schedules
        ----------------------------------

        FINANCIAL STATEMENTS                                              Page
        --------------------                                              ----

        (i)    Independent Auditors' Report                                13
        (ii)   Balance Sheets as of December 31, 1996 and 1995             14
        (iii)  Statements of Operations for years ended December 31,
                 1996, 1995, and 1994.                                     15
        (iv)   Statements of Partners' Capital (Deficit) for years
                 ended December 31, 1996, 1995, and 1994                   16
        (v)    Statements of Cash Flows for years ended
                 December 31, 1996, 1995, and 1994                         17
        (vi)   Notes to Financial Statements                            18 - 29

        FINANCIAL STATEMENT SCHEDULES
        -----------------------------

        (i)    Schedule III - Real Estate and Accumulated Depreciation  30 - 31

        All other  schedules are omitted  because they are not applicable or the
required information is shown in the financial statements or the notes thereto.

(b)     Reports on Form 8-K
        -------------------

        None.

(c)     Exhibits
        --------

        4.     Instruments  defining  the  rights of security holders, including
               indentures

               (a)    Certificate   of   Limited   Partners   filed   with   the
                      Registration  Statement of the Registrant Form S-11, filed
                      September 30, 1987 and subsequently amended,  incorporated
                      herein by reference.

        10.    Material contracts

               (b)    Property  Management  Agreement with Realmark  Corporation
                      included with the Registration Statement of the Registrant
                      as  filed  and  amended  to date  incorporated  herein  by
                      reference.

                                       12
<PAGE>


INDEPENDENT AUDITORS' REPORT


The Partners
Realmark Property Investors Limited Partnership-VI B:

We have audited the accompanying  balance sheets of Realmark Property  Investors
Limited  Partnership-  VI B as of December  31,  1996 and 1995,  and the related
statements of operations,  partners' capital (deficit),  and cash flows for each
of the three  years in the period  ended  December  31,  1996.  Our audits  also
included the financial statement schedules listed in the Index at Item 14. These
financial statements and financial statement schedules are the responsibility of
the  General  Partners.  Our  responsibility  is to  express  an  opinion on the
financial statements and financial statement schedules based on our audits.

We  conducted  our  audits  in  accordance  with  generally   accepted  auditing
standards. Those standards require that we plan and perform the audits to obtain
reasonable assurance about whether the financial statements are free of material
misstatement.  An audit includes examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statements.  An audit also includes
assessing the accounting  principles used and significant  estimates made by the
General  Partners,  as  well  as  evaluating  the  overall  financial  statement
presentation.  We believe  that our audits  provide a  reasonable  basis for our
opinion.

In our  opinion,  such  financial  statements  present  fairly,  in all material
respects,   the  financial  position  of  Realmark  Property  Investors  Limited
Partnership-VI  B at  December  31,  1996  and  1995,  and  the  results  of its
operations  and its cash flows for each of the three  years in the period  ended
December 31, 1996 in conformity with generally accepted  accounting  principles.
Also, in our opinion,  such financial  statement  schedule,  when  considered in
relation to the basic financial statements taken as a whole,  presents fairly in
all material respects the information set forth therein.




DELOITTE & TOUCHE LLP
Buffalo, New York
March 25, 1997


                                       13
<PAGE>
              REALMARK PROPERTY INVESTORS LIMITED PARTNERSHIP-VI B
                                 BALANCE SHEETS
                           DECEMBER 31, 1996 AND 1995
<TABLE>
<CAPTION>


Assets                                                    1996             1995
                                                       -----------      -----------
<S>                                                    <C>              <C>
Property, at cost:
  Land                                                 $   746,000      $   746,000
  Buildings and improvements                             6,018,094        5,981,594
  Furniture, fixtures and equipment                        255,652          255,652
                                                       -----------      -----------
                                                         7,019,746        6,983,246
  Less accumulated depreciation                          1,379,541        1,110,360
                                                       -----------      -----------
      Property, Net                                      5,640,205        5,872,886

Investment in joint ventures                               389,598          440,646

Cash                                                     1,508,588          641,724
Accounts receivable - affiliates                              --            802,099
Mortgage costs, net of accumulated amortization
  of $189,098 and $137,762                                  93,277          133,251
Other assets                                               118,069          158,147
                                                       -----------      -----------

           Total Assets                                $ 7,749,737      $ 8,048,753
                                                       ===========      ===========


Liabilities and Partners' Capital

Liabilities:
  Mortgages payable                                    $ 4,225,106      $ 4,263,769
  Accounts payable and accrued expenses                    215,520          261,611
  Security deposits and prepaid rents                      111,962           85,166
                                                       -----------      -----------
           Total Liabilities                             4,552,588        4,610,546
                                                       -----------      -----------

Partners' Capital (Deficit):
  General partners                                         (88,613)         (81,382)
  Limited partners                                       3,285,762        3,519,589
                                                       -----------      -----------
           Total Partners' Capital                       3,197,149        3,438,207
                                                       -----------      -----------

           Total Liabilities and Partners' Capital     $ 7,749,737      $ 8,048,753
                                                       ===========      ===========
</TABLE>




                        See notes to financial statements

                                       14
<PAGE>

              REALMARK PROPERTY INVESTORS LIMITED PARTNERSHIP-VI B
                            STATEMENTS OF OPERATIONS
              FOR THE YEARS ENDED DECEMBER 31, 1996, 1995 AND 1994

<TABLE>
<CAPTION>

                                                       1996             1995             1994
                                                   -----------      -----------      -----------
<S>                                                <C>              <C>             <C>
Income:
  Rental                                           $ 1,552,571      $ 1,597,470      $ 1,501,718
  Interest and other                                   131,383          117,618          116,927
                                                   -----------      -----------      -----------
  Total income                                       1,683,954        1,715,088        1,618,645
                                                   -----------      -----------      -----------

Expenses:
  Property operations                                  826,421        1,318,665          938,879
  Interest:
    Other                                              334,097          426,414          303,652
  Depreciation and amortization                        320,517          281,440          281,375
  Administrative:
    Paid to affiliates                                 184,510          215,943          333,950
    Other                                              189,443          169,758          193,741
                                                   -----------      -----------      -----------
  Total expenses                                     1,854,988        2,412,220        2,051,597
                                                   -----------      -----------      -----------

Loss before allocated loss from joint ventures        (171,034)        (697,132)        (432,952)

Allocated loss from joint ventures                     (51,048)         (73,723)         (70,786)
                                                   -----------      -----------      -----------

Net loss                                           $  (222,082)     $  (770,855)     $  (503,738)
                                                   ===========      ===========      ===========

Loss per limited partnership unit                  $     (2.74)     $     (9.51)     $     (6.21)
                                                   ===========      ===========      ===========

Distributions per limited partnership unit         $      0.23      $      0.96      $      0.50
                                                   ===========      ===========      ===========

Weighted average number of limited partnership
  units outstanding                                   78,625.1         78,625.1         78,625.1
                                                   ===========      ===========      ===========

</TABLE>




                        See notes to financial statements

                                       15
<PAGE>


              REALMARK PROPERTY INVESTORS LIMITED PARTNERSHIP-VI B
                    STATEMENTS OF PARTERS' CAPITAL (DEFICIT)
              FOR THE YEARS ENDED DECEMBER 31, 1996, 1995 AND 1994


                                               General      Limited Partners
                                              Partners      ----------------
                                              Amount        Units      Amount

Balance, January 1, 1994                  $   (39,591)     78,625.1 $ 5,370,830

Distributions to partners                      (1,216)       --         (39,313)

Net loss                                      (15,112)       --        (488,626)
                                          -----------    --------   -----------

Balance, December 31, 1994                    (55,919)     78,625.1   4,842,891

Distributions to partners                      (2,337)       --         (75,573)

Return of Capital to limited partners            --          --        (500,000)

Net loss                                      (23,126)       --        (747,729)
                                          -----------    --------   -----------

Balance, December 31, 1995                    (81,382)     78,625.1   3,519,589

Distributions to partners                        (569)       --         (18,407)

Net loss                                       (6,662)       --        (215,420)
                                          -----------    --------   -----------

Balance, December 31, 1996                $   (88,613)     78,625.1 $ 3,285,762
                                          ===========    ========   ===========













                        See notes to financial statements

                                     16
<PAGE>

              REALMARK PROPERTY INVESTORS LIMITED PARTNERSHIP-VI B
                            STATEMENTS OF CASH FLOWS
              FOR THE YEARS ENDED DECEMBER 31, 1996, 1995 AND 1994

<TABLE>
<CAPTION>
                                                                1996           1995           1994
                                                            -----------    -----------    -----------

<S>                                                         <C>            <C>            <C>
Cash Flows from operating activities:
  Net loss                                                  $  (222,082)   $  (770,855)   $  (503,738)
  Adjustments to reconcile net loss to net cash
    provided by (used in) operating activities:
    Depreciation and amortization                               320,517        281,440        281,375
    Allocated loss from joint ventures                           51,048         73,723         70,786
    Property acquisition costs                                     --          497,209           --
  Changes in operating assets and liabilities:
    Other assets                                                 40,078         29,206        (73,938)
    Accounts payable and accrued expenses                       (46,091)       (22,749)        13,489
    Security deposits and prepaid rents                          26,796          7,744         16,515
                                                            -----------    -----------    -----------
Net cash provided by (used in) operating activities             170,266         95,718       (195,511)
                                                            -----------    -----------    -----------

Cash flows from investing activities:
  Decrease (increase) in accounts receivable - affiliates       802,099       (746,722)        37,921
  Property acquisition                                          (36,500)          --             --
                                                            -----------    -----------    -----------
Net cash provided by (used in) investing activities             765,599       (746,722)        37,921
                                                            -----------    -----------    -----------

Cash flows from financing activities:
  Principal payments on mortgage                                (38,663)       (34,945)       (19,287)
  Distributions to partners/return of capital                   (18,976)      (577,910)       (40,529)
  (Increase) decrease in mortgage costs                         (11,362)         9,974       (117,793)
  Proceeds from mortgage                                           --             --        2,000,000
                                                            -----------    -----------    -----------
Net cash (used in) provided by financing activities             (69,001)      (602,881)     1,822,391
                                                            -----------    -----------    -----------

Net increase (decrease) in cash                                 866,864     (1,253,885)     1,664,801

Cash - beginning of year                                        641,724      1,895,609        230,808
                                                            -----------    -----------    -----------

Cash - end of year                                          $ 1,508,588    $   641,724    $ 1,895,609
                                                            ===========    ===========    ===========
</TABLE>



                        See notes to financial statements

                                       17

<PAGE>


             REALMARK PROPERTY INVESTORS LIMITED PARTNERSHIP-VI B
                          NOTES TO FINANCIAL STATEMENTS
             FOR THE YEARS ENDED DECEMBER 31, 1996, 1995 AND 1994


1.   FORMATION AND OPERATION OF PARTNERSHIP:
     ---------------------------------------

          Realmark   Property   Investors   Limited    Partnership-VI   B   (the
"Partnership"),  a Delaware  Limited  Partnership,  was formed on September  21,
1987,  to invest in a  diversified  portfolio  of income  producing  real estate
investments.

          In November 1988,  the  Partnership  commenced the public  offering of
units of limited  partnership  interest.  Other  than  matters  relating  to the
organization,  it had no business activities and, accordingly,  had not incurred
any  expenses  or earned any income  until the first  interim  closing  (minimum
closing) of the  offering,  which  occurred  on  February 2, 1989.  All items of
income and  expense  arose  subsequent  to this date.  The offer  terminated  on
February 28, 1990 with gross offering proceeds of $7,862,510. As of December 31,
1996, 78,265.1 units of limited partnership  interest were sold and outstanding.
The General  Partners are  Realmark  Properties,  Inc.,  the  Corporate  General
Partner,  and Mr. Joseph M. Jayson,  the Individual  General Partner.  Joseph M.
Jayson  is  the  sole  stockholder  of  J.M.  Jayson  &  Company  Inc.  Realmark
Properties, Inc. is a wholly-owned subsidiary of J.M.
Jayson & Company, Inc.

          Under  the  Partnership  Agreement,  the  General  Partners  and their
affiliates can receive  compensation for services rendered and reimbursement for
expenses incurred on behalf of the Partnership (See Note 7).

          The  Partnership  agreement also provides that  distribution of funds,
revenues, and costs and expenses arising from partnership activities,  exclusive
of any sale or  refinancing  activities,  are to be allocated 97% to the Limited
Partners and 3% to the General Partners.

          Net income or loss and  proceeds  arising  from a sale or  refinancing
shall be distributed first to the limited partners in amounts equivalent to a 7%
return on the average of their adjusted capital  contributions,  second,  to the
corporate general partner a 3% property disposition fee provided,  however, that
such fees shall be reduced,  but not below zero, by the amounts necessary to pay
to Limited Partners whose  subscriptions  were accepted by January  31,1989,  an
additional  cumulative  annual  return  (not  compounded)  equal  to 2% of their
average   adjusted  capital   contributions,   and  to  Limited  Partners  whose
subscriptions  were  accepted  between  February 1, 1989 and June 30,  1989,  an
additional  cumulative  annual  return  (not  compounded)  equal  to 1% of their
average adjusted capital contributions  commencing with the first fiscal quarter
following  the  termination  of the  offering  of units;  third,  to the limited
Partners, an amount equal to their capital  contributions,  then an amount equal
to an  additional  5% of the average of their  adjusted  capital  contributions;
fourth,  to all Partners,  an amount equal to their respective  positive capital
balances;  and finally,  in the ratio of 87% to the Limited  Partners and 13% to
the General Partners.


                                       18
<PAGE>


             REALMARK PROPERTY INVESTORS LIMITED PARTNERSHIP-VI B
                          NOTES TO FINANCIAL STATEMENTS
             FOR THE YEARS ENDED DECEMBER 31, 1996, 1995 AND 1994
                                   (Continued)


2.   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:
     -------------------------------------------

     (a)   Use of  Estimates:
           -----------------

     The  preparation  of financial  statements  in  conformity  with  generally
accepted  accounting  principles  requires  management  to  make  estimates  and
assumptions  that  affect the  reported  amounts of assets and  liabilities  and
disclosure of  contingent  assets and  liabilities  at the date of the financial
statements  and the  reported  amounts  of  revenues  and  expenses  during  the
reporting period. Actual results could differ from those estimates.

     (b)   Income (Loss) Per Limited Partnership Unit:
           ------------------------------------------

     The income  (loss) per limited  partnership  unit is based on the  weighted
average number of limited partnership units outstanding for the year.

     (c)   Cash:
           ----

     For the  purposes of reporting  cash flows,  cash  includes  the  following
items: cash on hand; cash in checking; and money market savings.

     (d)   Property and Depreciation:
           -------------------------

     Depreciation  is provided on the  straight-line  method over the  estimated
useful  lives of the  respective  assets,  and totaled  $269,181,  $240,077  and
$239,699 for the years ended December 31, 1996, 1995 and 1994, respectively. The
estimated  useful  lives of the  Partnership  assets  range  from 5 to 25 years.
Expenditures  for  maintenance  and repairs  are  expensed  as  incurred.  Major
renewals and betterments are  capitalized.  The Accelerated Cost Recovery System
or Modified  Accelerated Cost Recovery System is used to calculate  depreciation
expense for tax purposes.

     (e)  Property Acquisition Costs:
          --------------------------

     Acquisition  fees  are  paid  to the  General  Partner  as  properties  are
specified,  which  generally  occurs when a contract to purchase the property is
entered into.  Acquisition fees are allocated to specific properties when actual
closing takes place. There were no capitalized  acquisition fees at December 31,
1996.


                                       19
<PAGE>


              REALMARK PROPERTY INVESTORS LIMITED PARTNERSHIP-VI B
                          NOTES TO FINANCIAL STATEMENTS
              FOR THE YEARS ENDED DECEMBER 31, 1996, 1995 AND 1994
                                   (Continued)


2.   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Con't.):
     ---------------------------------------------------

     (f)  Mortgage Costs:
          --------------

     Mortgage costs incurred in obtaining  property mortgage financing have been
deferred and are being amortized over the terms of the respective mortgages.

     (g)  Rental Income:
          -------------

     Rental  Income is  recognized on the straight line method over the terms of
the leases.  The  outstanding  leases with respect to these  residential  rental
properties owned are for terms of no more than one year.

     (h)  Unconsolidated Joint Ventures:
          -----------------------------

     The Partnership's  investment in unconsolidated joint ventures is accounted
for on the equity method.

     (i)  Accrued Rent Receivable:
          -----------------------

     Due to the nature of accrued  rent  receivable,  all such  receivables  are
fully reserved. The allowance for doubtful accounts was $313,192 and $213,343 at
December 31, 1996 and 1995, respectively.


3.   ACQUISITION OF RENTAL PROPERTY:
     ------------------------------

     In June 1991, the  Partnership  acquired a 192 unit apartment  complex (The
Villa) located in Greenville,  South Carolina for a purchase price of $3,100,000
which included $373,493 in acquisition fees.

     In June  1991,  the  Partnership  acquired  a 144  unit  apartment  complex
(Players Club North) located in Lutz, Florida for a purchase price of $3,007,000
which included $190,737 in acquisition fees.

     On  September  27,  1991,  the  Partnership  entered  into a joint  venture
agreement  for the  purpose of  operating  the  Foxhunt  Apartments,  located in
Dayton, Ohio. See Footnote 6 for further discussion related to the Foxhunt Joint
Venture.

     On  September  30,  1992,  the  Partnership  entered  into a joint  venture
agreement for the purpose of operating the Lakeview Village  Apartment  complex,
located in Milwaukee,  Wisconsin.  See Footnote 6 for further discussion related
to the Lakeview Joint Venture.


                                       20
<PAGE>


             REALMARK PROPERTY INVESTORS LIMITED PARTNERSHIP-VI B
                          NOTES TO FINANCIAL STATEMENTS
             FOR THE YEARS ENDED DECEMBER 31, 1996, 1995 AND 1994
                                   (Continued)


4.   MORTGAGES PAYABLE:
     -----------------

     The partnership has the following mortgages:

      Players Club North
      ------------------

     A mortgage with a balance of $2,273,368 and $2,289,944 at December  31,1996
and 1995, respectively, providing for monthly principal and interest payments of
$20,402,  bearing  interest at 10%. The note matures July 1998.  The mortgage is
secured by the assets of Players Club Apartment complex.

     The Villa
     ---------

     A mortgage with a balance of $1,951,738 and $1,973,825 at December  31,1996
and 1995, respectively, providing for monthly principal and interest payments of
$17,998,  bearing interest at 9.875%. The note matures August 1998. The mortgage
is secured by the assets of The Villa Apartment complex.

     The  aggregate  maturities  of the mortgages for each of the next two years
are as follows:

Year                                                        Amount
----                                                        ------
1997                                                    $         43,853
1998                                                           4,181,253
                                                      -------------------
                                                        $      4,225,106
                                                      ===================


5.   FAIR VALUE OF FINANCIAL INSTRUMENTS
     -----------------------------------

     Statement of Financial  Accounting  Standards  No. 107 requires  disclosure
about  fair  value of  certain  financial  instruments.  The fair value of cash,
accounts  receivable - affiliates,  other assets,  accounts  payable and accrued
expenses, and security deposits and prepaid rents approximate the carrying value
due to the short-term nature of these instruments.

     Management has estimated  that the fair values of the mortgages  payable of
the Villa and  Players  Club,  which  have  carrying  values of  $1,951,738  and
$2,273,368, respectively, based on currently available rates for debt of similar
terms, is approximately $2,008,000 and $2,325,000, respectively.


6.   INVESTMENTS IN JOINT VENTURES:
     ------------------------------

     On September 27, 1991, the Partnership entered into an agreement and formed
a  joint  venture  with  Realmark  Property  Investors  Limited   Partnership-II
(RPILP-II),  and Realmark Property Investors Limited  Partnership-VI A (RPILP-VI
A). The Joint  Venture  was formed for the  purpose  of  operating  the  Foxhunt
Apartments,  located in Dayton,  Ohio and owned by RPILP-II.  Under the terms of
the Joint Venture agreement, the Partnership contributed $1,041,568 and RPILP-VI
A  contributed  $390,000  to buy  out  the  wraparound  promissory  note  on the
property, while RPILP-II contributed the property net of the first mortgage.


                                       21
<PAGE>

           REALMARK PROPERTY INVESTORS LIMITED PARTNERSHIP-VI B
                          NOTES TO FINANCIAL STATEMENTS
             FOR THE YEARS ENDED DECEMBER 31, 1996, 1995 AND 1994
                                   (Continued)


6.   INVESTMENTS IN JOINT VENTURES (Con't.):
     ---------------------------------------

     On  April  1,  1992,   RPILP-II   returned   RPILP-VI  A's  entire  capital
contribution and $580,000 of the capital originally invested by the Partnership.
The amended Joint Venture  agreement now provides that any income,  loss,  gain,
cash flow,  or sale  proceeds be  allocated  88.5% to RPILP-II  and 11.5% to the
Partnership.  Prior to the buyout,  the  allocations  were  63.14% to  RPILP-II,
26.82% to the  Partnership  and 10.04% to RPILP-VI A. The  allocated net loss of
the Joint  Venture  has been  included in the  statements  of  operation  of the
Partnership.

     At December  31,  1996,  instances  of  noncompliance  related to Foxhunt's
section 223f  Department of Housing and Urban  Development  (HUD)  mortgage have
been identified.

     In  July  1996,  the  Partnership  entered  into a plan to  dispose  of the
property,  plant and  equipment  of the Foxhunt  Joint  Venture  with a carrying
amount of  $2,886,577  at December  31, 1996 and a net loss of $129,930  for the
year ended December 31, 1996.

     Management  has  determined  that a sale  of the  property  is in the  best
interests of the investors. As of December 31, 1996, an agreement, cancelable by
the buyer, was signed with an anticipated sales price of $7,400,000.  The actual
date  of  closing  on  the  sale  of  the  property  will  depend  on  financing
availability, tax credit availability and other factors.

     Financial  Accounting  Standards  Statement  No.  121,  Accounting  for the
Impairment of Long-lived Assets and for Long-lived Assets to be Disposed Of (the
"Statement")  requires that assets to be disposed of be recorded at the lower of
carrying  value or fair value less costs to sell.  The  Statement  also requires
that such assets not be depreciated  during the disposal  period,  as the assets
will be recovered  through sale rather than through  operations.  In  accordance
with this Statement,  the long-lived assets of the joint venture are recorded at
the  carrying  amount  which is the lower of  carrying  value or fair value less
costs  to  sell,  and have not been  depreciated  during  the  disposal  period.
Depreciation  expense,  not recorded  during the disposal  period,  for the year
ended December 31, 1996 totaled approximately $93,000.

     The following financial  statements of the Joint Venture are presented on a
historical-cost  basis.  The equity ownership was determined based upon the cash
paid into the Joint  Venture by the  Partnership  as a percentage of the General
Partner's  estimate of the fair market value of the apartment  complex and other
net assets at the date of inception.


                                       22
<PAGE>


             REALMARK PROPERTY INVESTORS LIMITED PARTNERSHIP-VI B
                          NOTES TO FINANCIAL STATEMENTS
             FOR THE YEARS ENDED DECEMBER 31, 1996, 1995 AND 1994
                                   (Continued)


6.   INVESTMENTS IN JOINT VENTURES (Con't.):
     --------------------------------------

     A summary of the assets,  liabilities,  and partners'  capital of the Joint
Venture as of December 31, 1996 and 1995 and the results of its  operations  for
the years ended December 31, 1996, 1995 and 1994 is as follows:


                              FOXHUNT JOINT VENTURE
                                 BALANCE SHEETS
                           December 31, 1996 and 1995

Assets                                                 1996            1995
                                                    -----------     -----------

Cash and cash equivalents                           $   162,914     $   155,903
Property, net of accumulated depreciation             2,886,577       3,016,534
Accounts receivable - affiliates                        249,929         269,073
Mortgage costs                                          253,937         262,331
Other assets                                            335,272         330,833
                                                    -----------     -----------
Total Assets                                        $ 3,888,629     $ 4,034,674
                                                    ===========     ===========


Liabilities and Partners' (Deficiency)

Liabilities:
  Mortgage payable                                  $ 4,528,289     $ 4,555,682
  Accounts payable and accrued expenses                 262,871         254,356
  Other liabilities                                      68,038          65,275
                                                    -----------     -----------
Total liabilities                                     4,859,198       4,875,313
                                                    -----------     -----------

Partners' (Deficiency)                                 (970,569)       (840,639)
                                                    -----------     -----------
Total Liabilities and Partners' (Deficiency)        $ 3,888,629     $ 4,034,674
                                                    ===========     ===========

                                       23

<PAGE>


             REALMARK PROPERTY INVESTORS LIMITED PARTNERSHIP-VI B
                          NOTES TO FINANCIAL STATEMENTS
             FOR THE YEARS ENDED DECEMBER 31, 1996, 1995 AND 1994
                                   (Continued)



                              FOXHUNT JOINT VENTURE
                            STATEMENTS OF OPERATIONS
              FOR THE YEARS ENDED DECEMBER 31, 1996, 1995 AND 1994

                                          1996           1995           1994
                                      -----------    -----------    -----------

Income:
  Rental                              $ 1,287,116    $ 1,343,601    $ 1,311,792
  Interest and other                       61,478         90,780         74,134
                                      -----------    -----------    -----------

  Total Income                          1,348,594      1,434,381      1,385,926
                                      -----------    -----------    -----------

Expenses:
  Property operations                     701,068        840,281        701,883
  Interest                                408,694        411,061        413,228
  Depreciation and amortization           138,352        228,066        224,956
  Administrative:
    Paid to others                        133,103        130,415        116,733
    Paid to affiliates                     97,307         94,977         99,031
                                      -----------    -----------    -----------

  Total Expenses                        1,478,524      1,704,800      1,555,831
                                      -----------    -----------    -----------

Loss from operations                  $  (129,930)   $  (270,419)   $  (169,905)
                                      ===========    ===========    ===========

Allocation of net loss:
  The Partnership                     $   (14,942)   $   (31,098)   $   (19,539)
  RPILP II                               (114,988)      (239,321)      (150,366)
                                      -----------    -----------    -----------

Total                                 $  (129,930)   $  (270,419)   $  (169,905)
                                      ===========    ===========    ===========

     A reconciliation of the investments in Foxhunt Joint Venture:

<TABLE>
<CAPTION>
                                                     1996         1995         1994
                                                   ---------    ---------    ---------
<S>                                                <C>          <C>          <C>
Investment in joint venture at beginning of year   $ 386,061    $ 417,159    $ 440,658
Allocation of net loss                               (14,942)     (31,098)      (3,960)
                                                   ---------    ---------    ---------

Investment in joint venture at end of year         $ 371,119    $ 386,061    $ 436,698
                                                   =========    =========    =========
</TABLE>

                                       24
<PAGE>


             REALMARK PROPERTY INVESTORS LIMITED PARTNERSHIP-VI B
                          NOTES TO FINANCIAL STATEMENTS
             FOR THE YEARS ENDED DECEMBER 31, 1996, 1995 AND 1994
                                   (Continued)


6.   INVESTMENT IN JOINT VENTURES (Con't.)
     -------------------------------------

     On  September  30,  1992,  the  Partnership  entered  into a joint  venture
agreement with Realmark Property  Investors  Limited  Partnership IV (RPILP-IV),
for the  purpose  of  operating  the  Lakeview  Apartment  complex,  located  in
Milwaukee,  Wisconsin,  and owned by RPILP-IV. Under the terms of the agreement,
the Partnership  contributed  $175,414,  while RPILP-IV contributed the property
net of the outstanding mortgage.

     At December 31, 1996,  substantial doubt exists as to whether RPILP-IV will
continue as a going concern, due to cash flow difficulties, recurring losses and
a total partners deficiency of approximately $3.2 million.

     The joint venture agreement  provides that any income,  loss, cash flow, or
sale proceeds be allocated 16.22% to the Partnership and 83.78% to RPILP-IV. The
allocated net loss of the joint  venture has been included in the  statements of
operations for the Partnership.

     The equity  ownership  percentage was  determined  based upon the cash paid
into the  Joint  Venture  by the  Partnership  as a  percentage  of the  General
Partner's  estimate of the fair market value of the apartment  complex and other
net assets at the date of inception.

     In  July  1996,  the  Partnership  entered  into a plan to  dispose  of the
property, plant and equipment of the Lakeview Village Apartments with a carrying
amount of  $2,507,241  at December  31, 1996 and a net loss of $222,600  for the
year ended December 31, 1996.

     Management  has  determined  that a sale  of the  property  is in the  best
interests of the investors. As of December 31, 1996, an agreement, cancelable by
the buyer, was signed with an anticipated sales price of $4,090,000.  The actual
date  of  closing  on  the  sale  of  the  property  will  depend  on  financing
availability, tax credit availability and other factors.

     Financial  Accounting  Standards  Statement  No.  121,  Accounting  for the
Impairment of Long-lived Assets and for Long-lived Assets to be Disposed Of (the
"Statement")  requires that assets to be disposed of be recorded at the lower of
carrying  value or fair value,  less costs to sell.  The Statement also requires
that such assets not be depreciated  during the disposal  period,  as the assets
will be recovered  through sale rather than through  operations.  In  accordance
with this  Statement,  the long-lived  assets of the Partnership are recorded at
the  carrying  amount  which is the lower of  carrying  value or fair value less
costs  to  sell,  and have not been  depreciated  during  the  disposal  period.
Depreciation  expense,  not recorded  during the disposal  period,  for the year
ended December 31, 1996 totaled approximately $85,000.


                                       25
<PAGE>


             REALMARK PROPERTY INVESTORS LIMITED PARTNERSHIP-VI B
                          NOTES TO FINANCIAL STATEMENTS
             FOR THE YEARS ENDED DECEMBER 31, 1996, 1995 AND 1994
                                   (Continued)


6.   INVESTMENT IN JOINT VENTURES (Con't.)
     -------------------------------------

     A summary of the assets,  liabilities,  and partners'  capital of the Joint
Venture as of December 31, 1996 and 1995 and the results of its  operations  for
the years ended December 31, 1996, 1995 and 1994 is as follows:


                             LAKEVIEW JOINT VENTURE
                                 BALANCE SHEETS
                           December 31, 1996 and 1995

Assets                                                  1996             1995
-----------                                         -----------      -----------

Cash and cash equivalents                           $      --        $     2,461
Property, net of accumulated depreciation             2,507,241        2,463,639
Accounts receivable - affiliates                           --            158,875
Other assets                                            311,430          139,856
                                                    -----------      -----------
Total Assets                                        $ 2,818,671      $ 2,764,831
                                                    ===========      ===========

Liabilities and Partners' Captial

Liabilities:
  Cash overdraft                                    $     2,373      $      --
  Mortgage payable                                    2,508,128        2,311,688
  Accounts payable and accrued expenses                 221,736          279,426
  Accounts payable - affiliates                         165,995             --
  Other liabilities                                      54,736           85,414
                                                    -----------      -----------
Total liabilities                                     2,950,595        2,676,528
                                                    -----------      -----------

Partners' (Deficiency) Capital                         (134,297)          88,303
                                                    -----------      -----------

Total Liabilities and Partners' Capital             $ 2,818,671      $ 2,764,831
                                                    ===========      ===========










                                       26
<PAGE>


             REALMARK PROPERTY INVESTORS LIMITED PARTNERSHIP-VI B
                          NOTES TO FINANCIAL STATEMENTS
             FOR THE YEARS ENDED DECEMBER 31, 1996, 1995 AND 1994
                                   (Continued)


6.   INVESTMENT IN JOINT VENTURES (Con't.)



                             LAKEVIEW JOINT VENTURE
                            STATEMENTS OF OPERATIONS
              FOR THE YEARS ENDED DECEMBER 31, 1996, 1995 AND 1994

                                          1996           1995           1994
                                      -----------    -----------    -----------

Income:
  Rental                              $   665,480    $   801,614    $   718,587
  Interest and other                       41,898         25,335         25,324
                                      -----------    -----------    -----------

  Total Income                            707,378        826,949        743,911
                                      -----------    -----------    -----------

Expenses:
  Property operations                     401,714        419,997        497,046
  Interest:
    Other                                 207,820        265,009        276,616
    Affiliates                             19,005           --             --
  Depreciation and amortization           129,462        185,592        168,259
  Administrative:
    Paid to others                        132,603        129,152         74,136
    Paid to affiliates                     39,374         89,996         43,802
                                      -----------    -----------    -----------

  Total Expenses                          929,978      1,089,746      1,059,859
                                      -----------    -----------    -----------

Loss from operations                  $(222,600.0)   $(262,797.0)   $(315,948.0)
                                      ===========    ===========    ===========

Allocation of net loss:
  The Partnership                     $ (36,106.0)   $ (42,625.0)   $ (51,247.0)
  RPILP-IV                               (186,494)      (220,172)      (264,701)
                                      -----------    -----------    -----------

Total                                 $  (222,600)   $  (262,797)   $  (315,948)
                                      ===========    ===========    ===========


     A reconciliation of the investments in Lakeview Joint Ventures:

<TABLE>
<CAPTION>

                                                      1996         1995         1994
                                                   ---------    ---------    ---------
<S>                                                <C>          <C>          <C>
Investment in joint venture at beginning of year   $  54,585    $  97,210    $ 148,457
Allocation of net loss                               (36,106)     (42,625)     (51,247)
                                                   ---------    ---------    ---------

Investment in joint venture at end of year         $  18,479    $  54,585    $  97,210
                                                   =========    =========    =========

</TABLE>

                                       27
<PAGE>


             REALMARK PROPERTY INVESTORS LIMITED PARTNERSHIP-VI B
                          NOTES TO FINANCIAL STATEMENTS
             FOR THE YEARS ENDED DECEMBER 31, 1996, 1995 AND 1994
                                   (Continued)


7.   RELATED PARTY TRANSACTIONS:

     The Corporate  general  partner and its  subsidiaries  earned the following
fees and commissions and were reimbursed for the following  expenses as provided
for in the partnership agreement for the years ended December 31, 1996, 1995 and
1994.


<TABLE>
<CAPTION>
                                                        1996       1995       1994
                                                    --------   --------   --------
<S>                                                 <C>        <C>        <C>
Mortgage placement fee equal to 1% of mortgage
acquired (capitalized as mortgage costs)            $   --     $   --     $ 20,000
                                                    --------   --------   --------

Partnership management fee equal to 7% of net
cash flow (as defined in the Partnership
Agreement), 2% of which is subordinated to the
limited Partners receiving an annual cash return
equal to 7% of their adjusted capital
contributions                                         15,900      3,268     15,900

Reimbursement for allocated administrative
costs of the corporate general partner, including
payroll, legal, rent, depreciation, printing,
computer processing, mailing, audit, travel,
communications, and partnership operations            79,374    122,196    235,627

Property management fees equal to 5% of the
gross monthly rental receipts of the properties
managed                                               80,736     84,143     78,247

Computer service charges based upon number
of apartment units                                     8,500      6,336      4,176
                                                    --------   --------   --------
                                                     184,510    215,943    333,950
                                                    --------   --------   --------
                                                    $184,510   $215,943   $353,950
                                                    ========   ========   ========
</TABLE>

     Accounts receivable - affiliates,  which are payable on demand, amounted to
$0 and $802,099 at December 31,1996 and 1995 respectively.

     Partnership  accounting and portfolio  management fees,  investor  services
fees and  brokerage  fees are  allocated  based on total  assets,  the number of
partners,  and number of units,  respectively.  In addition to the above,  other
property  specific  expenses,  such as payroll,  benefits,  etc.  are charged to
property operations on the Statement of Operations.



<PAGE>


             REALMARK PROPERTY INVESTORS LIMITED PARTNERSHIP-VI B
                          NOTES TO FINANCIAL STATEMENTS
             FOR THE YEARS ENDED DECEMBER 31, 1996, 1995 AND 1994
                                   (Continued)


8.   INCOME TAXES:

     No provision has been made for income taxes since the income or loss of the
Partnership is to be included in the tax returns of the individual Partners.

     The  reconciliation of net loss for the years ended December 31, 1996, 1995
and 1994,  and as  reported  in the  statement  of  operations,  and as would be
reported for tax return purposes is as follows:


<TABLE>
<CAPTION>
                                              1996           1995           1994
                                           -----------    -----------    -----------
<S>                                        <C>            <C>            <C>
Net loss -
  Statement of operations                  $  (222,082)   $  (770,855)   $  (503,738)

Add to (deduct from):
  Difference in depreciation                    27,146           (244)        (9,723)
  Other nondeductible expenses                  73,185         56,117          1,652
  Tax basis adjustement - Joint Ventures       (14,735)         7,683         (8,242)
                                           -----------    -----------    -----------

Net loss - tax return purposes             $  (136,486)   $  (707,299)   $  (520,051)
                                           ===========    ===========    ===========
</TABLE>

     The  reconciliation  of Partners'  Capital at December  31, 1996,  1995 and
1994, as reported in the balance sheet and as reported for tax return  purposes,
is as follows:
<TABLE>
<CAPTION>
                                              1996           1995           1994
                                           -----------    -----------    -----------
<S>                                        <C>            <C>            <C>
Partners' Capital - Balance Sheet          $ 3,197,149    $ 3,438,207    $ 4,786,972

Add to (deduct from):
  Accumulated difference in depreciation       (39,670)       (66,816)       (66,572)
  Syndication fees                           1,179,381      1,179,381      1,179,381
  Other nondeductible expenses                 250,396        177,211        121,094
  Tax basis adjustment - Joint Ventures        (59,976)       (45,241)       (52,924)
                                           -----------    -----------    -----------

Partners' Capital - tax return purposes    $ 4,527,280    $ 4,682,742    $ 5,967,951
                                           ===========    ===========    ===========
</TABLE>

9.   SUPPLEMENTAL SCHEDULE OF CASH FLOW INFORMATION:

                                  1996           1995           1994
                                  ----           ----           ----

Cash paid for interest        $   335,406    $   425,867    $   287,235
                              ===========    ===========    ===========



10.  RECLASSIFICATIONS:

     Certain  reclassifications  have been made to the 1994 and 1995 balances to
conform with the classifications used in 1996.


                                       29
<PAGE>

              REALMARK PROPERTY INVESTORS LIMITED PARTNERSHIP-VI B
                    REAL ESTATE AND ACCUMULATED DEPRECIATION
                                DECEMBER 31, 1996
<TABLE>
<CAPTION>
                                                    Initial Cost to
                                                      Partnership                   Cost
                                           ----------------------------------    Capitalized
                                                                                 Subsequent
      Property                                                                       to
    Description          Encumbrances           Land            Buildings        Acquisition

<S>                       <C>               <C>               <C>              <C>
The Villa
  Greenville, SC          $   1,951,738     $     528,000     $   3,059,008    $       99,235


Player's Club North
  Lutz, FL                    2,273,368           218,000         2,851,851             8,000
                        ----------------   ---------------   ----------------  ----------------

                          $   4,225,106     $     746,000     $   5,910,859    $      107,235
                        ================   ===============   ================  ================

Foxhunt Joint Vtr.
  Dayton, OH              $   4,528,289     $     387,500     $   4,890,020    $      148,151
                        ================   ===============   ================  ================


Lakeview Joint Vtr.
   Milwaukee, WI          $   2,508,128     $     200,000     $   3,785,880    $      163,791
                        ================   ===============   ================  ================

_______________________________________________________________________________________________________________________

                                       Gross amounts at which
                                     Carried at Close of Period
                         ---------------------------------------------------
                                                                                   (3)(4)
      Property                                                  (1)(2)          Accumulated       Date of      Date
    Description               Land           Buildings           Total          Depreciation     Construction Acquired

<S>                      <C>               <C>               <C>               <C>                <C>          <C>
The Villa
  Greenville, SC         $       528,000   $    3,158,243    $    3,686,243    $      608,035      1971        06/91


Player's Club North
  Lutz, FL                       218,000        2,859,851         3,077,851           570,637      1986        06/91
                         ---------------   ---------------  ----------------  ----------------

                         $       746,000   $    6,018,094    $    6,764,094    $    1,178,672
                         ===============   ===============  ================  ================

Foxhunt Joint Vtr.
  Dayton, OH              $      387,500    $   5,038,171     $   5,425,671     $   2,539,094      1972        09/91
                         ===============   ===============  ================  ================


Lakeview Joint Vtr.
   Milwaukee, WI          $      200,000    $   3,949,670     $   4,149,670     $   1,642,430      1971        09/92
                         ===============   ===============  ================  ================



</TABLE>

                                       30

<PAGE>


SCHEDULE III
   (Continued)


             REALMARK PROPERTY INVESTORS LIMITED PARTNERSHIP-VI B
                   REAL ESTATE AND ACCUMULATED DEPRECIATION
                                DECEMBER 31, 1996


(1)  Cost for Federal income tax purposes is $6,764,094.

(2)  A  reconciliation  of the  carrying  amount  of land  and  buildings  as of
     December 31, 1996, 1995 and 1994 follows:

                                                    Partnership Properties
                                                    ----------------------
                                             1996          1995          1994
                                          ----------    ----------    ----------

Balance at beginning of period            $6,727,594    $6,727,594    $6,727,594
  Additions                                   36,500          --            --
                                          ----------    ----------    ----------
Balance at end of period                  $6,764,094    $6,727,594    $6,727,594
                                          ==========    ==========    ==========


                                                   Joint Venture Properties
                                                   ------------------------
                                              1996          1995          1994
                                          ----------    ----------    ----------

Balance at beginning of period            $9,440,469    $9,409,359    $9,409,359
  Additions                                  134,872        31,110          --
                                          ----------    ----------    ----------
Balance at end of period                  $9,575,341    $9,440,469    $9,409,359
                                          ==========    ==========    ==========


(3)  A reconciliation  of accumulated  depreciation for the years ended December
     31, 1996, 1995 and 1994 follows:

                                                  Partnership Properties
                                                  ----------------------
                                             1996          1995          1994
                                          ----------    ----------    ----------

Balance at beginning of period            $  946,012    $  742,457    $  524,944
  Depreciation expense                       232,660       203,555       217,513
                                          ----------    ----------    ----------
Balance at end of period                  $1,178,672    $  946,012    $  742,457
                                          ==========    ==========    ==========


                                                 Joint Venture Properties
                                                 ------------------------
                                             1996          1995          1994
                                          ----------    ----------    ----------

Balance at beginning of period            $3,960,296    $3,588,032    $3,185,677
  Depreciation expense                       221,228       372,264       402,355
                                          ----------    ----------    ----------
Balance at end of period                  $4,181,524    $3,960,296    $3,588,032
                                          ==========    ==========    ==========


(4)  Balance applies entirely to buildings.  All properties are depreciated
     over 25 years lives.

                                       31
<PAGE>



                                   SIGNATURES


          Pursuant to the  requirements of Section 13 or 15(d) 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.

            REALMARK PROPERTY INVESTORS LIMITED PARTNERSHIP-VI B
    By: /s/ Joseph M. Jayson                             3/28/97
         -------------------------------------------       ---------------
            JOSEPH M. JAYSON,                              Date
            Individual General Partner


            Pursuant to the requirements of the Securities Exchange Act of 1934,
      this report has been signed  below by the  following  persons on behalf of
      the registrant and in the capacities and on the dates indicated.


      By: /s/ Joseph M. Jayson                              3/28/97
         --------------------------------------------       ---------------
            JOSEPH M. JAYSON, President                     Date
            Principal Executive Officer and Director

          /s/ Michael J. Colmerauer                         3/28/97
         --------------------------------------------       ---------------
            MICHAEL J. COLMERAUER,                          Date
            Secretary



                                       32
<PAGE>


            Supplemental Information to be Furnished with Reports Filed Pursuant
      to  Section  15(d) of the Act by  Registrants  Which  Have Not  Registered
      Securities Pursuant to Section 12 of the Act.

            The Form 10-K is sent to security holders. No other annual report is
      distributed.  No proxy statement,  form of proxy or other proxy soliciting
      material was sent to any of the registrant's security holders with respect
      to any annual or other meeting or security holders.























                                       33