FORM 10-Q


                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                Quarterly Report Pursuant to Section 13 or 15(d)
                     of the Securities Exchange Act of 1934


For the Quarter Ended                            Commission File Number
September 30, 1997                                      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 Number)


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

Registrant's Telephone Number:      (716) 636-0280

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-Q or any
amendment to this Form 10-Q. (X)

As of  September  30,  1997  the  registrant  had  78,625.10  units  of  limited
partnership interest outstanding.



<PAGE>


              REALMARK PROPERTY INVESTORS LIMITED PARTNERSHIP VI-B
              ----------------------------------------------------

                                      INDEX
                                      -----


                                                                        PAGE NO.
                                                                        --------
PART I:     FINANCIAL INFORMATION
-------     ---------------------

            Balance Sheets -
                  September 30, 1997 and December 31, 1996                  3
                                                                       
            Statements of Operations -                                 
                  Three Months Ended September 30, 1997 and 1996            4
                                                                       
            Statements of Operations -                                 
                  Nine Months Ended September 30, 1997 and 1996             5
                                                                       
            Statements of Cash Flows -                                 
                  Nine Months Ended September 30, 1997 and 1996             6
                                                                       
            Statements of Partners' (Deficit) Capital -                
                  Nine Months Ended September 30, 1997 and 1996             7
            Notes to Financial Statements                                 8 - 23


PART II:    MANAGEMENT'S DISCUSSION & ANALYSIS OF
--------    FINANCIAL CONDITION & RESULTS OF
            --------------------------------
            OPERATIONS                                                   24 - 26
            ----------



















                                       -2-

<PAGE>
              REALMARK PROPERTY INVESTORS LIMITED PARTNERSHIP VI-B
                                 BALANCE SHEETS
                    September 30, 1997 and December 31, 1996
                                   (Unaudited)

                                                      September 30, December 31,
                                                          1997          1996
                                                          ----          ----
ASSETS

Property, at cost:
     Land                                            $   746,000    $   746,000
     Buildings and improvements                        6,068,231      6,018,094
     Furniture, fixtures and equipment                   255,652        255,652
                                                     -----------    -----------
                                                       7,069,883      7,019,746
     Less accumulated depreciation                     1,559,907      1,379,541
                                                     -----------    -----------
          Property, net                                5,509,976      5,640,205

Investments in real estate joint ventures                400,635        389,598

Cash                                                   1,096,399      1,508,588
Escrow deposits                                          458,809           --
Accounts receivable - affiliate                           64,913           --
Mortgage costs, net of accumulated amortization
     of $35,248 and $189,098 respectively                292,379         93,277
Other assets                                              22,117        118,069
                                                     -----------    -----------

            Total Assets                             $ 7,845,228    $ 7,749,737
                                                     ===========    ===========


LIABILITIES AND PARTNERS' CAPITAL

Liabilities:
     Mortgages payable                               $ 5,003,477    $ 4,225,106
     Accounts payable and accrued expenses               229,391        215,520
     Security deposits and prepaid rents                 105,542        111,962
                                                     -----------    -----------
            Total Liabilities                          5,338,410      4,552,588
                                                     -----------    -----------

Partners' (Deficit) Capital:
     General partners                                   (109,323)       (88,613)
     Limited partners                                  2,616,141      3,285,762
                                                     -----------    -----------
           Total Partners' Capital                     2,506,818      3,197,149
                                                     -----------    -----------

           Total Liabilities and Partners' Capital   $ 7,845,228    $ 7,749,737
                                                     ===========    ===========



                        See notes to financial statements


                                       -3-

<PAGE>

              REALMARK PROPERTY INVESTORS LIMITED PARTNERSHIP VI-B
                            STATEMENTS OF OPERATIONS
                 Three Months Ended September 30, 1997 and 1996
                                   (Unaudited)


                                                     Three Months  Three Months
                                                         Ended         Ended
                                                     September 30, September 30,
                                                         1997          1996
                                                         ----          ----

Income:
     Rental                                            $ 381,394      $ 384,522
     Interest and other income                            19,178         37,479
                                                       ---------      ---------
     Total income                                        400,572        422,001
                                                       ---------      ---------

Expenses:
     Property operations                                 310,370        268,156
     Interest                                            170,238        125,716
     Depreciation and amortization                        72,956         72,133
     Administrative:
          Paid to affiliates                              43,847         82,977
          Other                                           33,834         58,133
                                                       ---------      ---------
     Total expenses                                      631,245        607,115
                                                       ---------      ---------

Loss before allocated loss from joint venture           (230,673)      (185,114)

Allocated income (loss) from joint ventures               (2,960)       (47,159)
                                                       ---------      ---------

Net loss                                               $(233,633)     $(232,273)
                                                       =========      =========

Loss per limited partnership unit                      $   (2.88)     $   (2.87)
                                                       =========      =========

Distributions per limited partnership unit             $    --        $    --
                                                       =========      =========

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



                        See notes to financial statements


                                       -4-

<PAGE>

              REALMARK PROPERTY INVESTORS LIMITED PARTNERSHIP VI-B
                            STATEMENTS OF OPERATIONS
                  Nine Months Ended September 30, 1997 and 1996
                                   (Unaudited)

                                                      Nine Months   Nine Months
                                                         Ended         Ended
                                                     September 30, September 30,
                                                         1997          1996
                                                         ----          ----

Income:
     Rental                                          $ 1,166,314    $ 1,177,898
     Interest and other income                            91,038         97,113
                                                     -----------    -----------
     Total income                                      1,257,352      1,275,011
                                                     -----------    -----------

Expenses:
     Property operations                                 802,381        698,271
     Interest                                            330,248        345,583
     Depreciation and amortization                       290,756        216,401
     Administrative:
          Paid to affiliates                             130,532        122,203
          Other                                          154,803        164,552
                                                     -----------    -----------
     Total expenses                                    1,708,720      1,547,010
                                                     -----------    -----------

Loss before allocated loss from joint venture           (451,368)      (271,999)

Allocated income (loss) from joint ventures               11,037        (74,198)
                                                     -----------    -----------

Net loss                                             $  (440,331)   $  (346,197)
                                                     ===========    ===========

Loss per limited partnership unit                    $     (5.43)   $     (4.27)
                                                     ===========    ===========

Distributions per limited partnership unit           $      3.08    $      --
                                                     ===========    ===========

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





                        See notes to financial statements


                                       -5-

<PAGE>
              REALMARK PROPERTY INVESTORS LIMITED PARTNERSHIP VI-B
                            STATEMENTS OF CASH FLOWS
                  Nine Months Ended September 30, 1997 and 1996
                                   (Unaudited)

                                                      Nine Months   Nine Months
                                                         Ended         Ended
                                                     September 30, September 30,
                                                         1997          1996
                                                         ----          ----

Cash flow from operating activities:
     Net loss                                        $  (440,331)   $  (346,197)

Adjustments to reconcile net loss to net cash
     (used in) provided by operating activities:
     Depreciation and amortization                       290,756        216,401
     Net (income) loss from joint ventures               (11,037)        74,198
Changes in operating assets and liabilities:
     Escrow deposits                                    (458,809)          --
     Other assets                                         95,952        (14,984)
     Accounts payable and accrued expenses                13,871        103,501
     Security deposits and prepaid rent                   (6,420)         6,380
                                                     -----------    -----------
Net cash (used in) provided by operating activities     (516,018)        39,299
                                                     -----------    -----------

Cash flow from investing activities:
     Accounts receivable - affiliates                    (64,913)       (29,755)
     Capital expenditures                                (50,137)          --
                                                     -----------    -----------
Net cash (used in) investing activities                 (115,050)       (29,755)
                                                     -----------    -----------

Cash flows from financing activities:
     Mortgage acquisition costs                         (166,845)          --
     Principal payments on mortgages                     (31,633)       (19,529)
     Net proceeds from mortgage refinancing              667,357           --
     Distributions to partners                          (250,000)          --
                                                     -----------    -----------
Net cash provided by (used in) financing activities      218,879        (19,529)
                                                     -----------    -----------

Increase (decrease) in cash                             (412,189)        (9,985)

Cash - beginning of period                             1,508,588        641,725
                                                     -----------    -----------

Cash - end of period                                 $ 1,096,399    $   631,740
                                                     ===========    ===========


Supplemental Disclosure of Cash Flow Information:
     Cash paid for interest                          $   338,325    $   344,342
                                                     ===========    ===========

                        See notes to financial statements


                                       -6-

<PAGE>


              REALMARK PROPERTY INVESTORS LIMITED PARTNERSHIP VI-B
                    STATEMENTS OF PARTNERS' (DEFICIT) CAPITAL
                  Nine Months Ended September 30, 1997 and 1996
                                   (Unaudited)


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

Balance, January 1, 1996              $   (81,382)       78,625.1   $ 3,519,589

Net loss                                  (10,386)         --          (335,811)
                                      -----------      --------     -----------

Balance, September 30, 1996           $   (91,768)       78,625.1   $ 3,183,778
                                      ===========      ========     ===========


Balance, January 1, 1997              $   (88,613)       78,625.1   $ 3,285,762

Distribution to partners                   (7,500)         --          (242,500)

Net loss                                  (13,210)         --          (427,121)
                                      -----------      --------     -----------

Balance, September 30, 1997           $  (109,323)       78,625.1   $ 2,616,141
                                      ===========      ========     ===========





















                        See notes to financial statements


                                       -7-

<PAGE>

              REALMARK PROPERTY INVESTORS LIMITED PARTNERSHIP VI-B
                          NOTES TO FINANCIAL STATEMENTS
                  Nine Months Ended September 30, 1997 and 1996
                                   (Unaudited)


1.   GENERAL PARTNERS' DISCLOSURE

     In the opinion of the  General  Partners  of  Realmark  Property  Investors
     Limited Partnership VI-B, all adjustments necessary for a fair presentation
     of the Partnership's financial position,  results of operations and changes
     in cash flows for the nine month periods ended September 30, 1997 and 1996,
     have been made in the financial  statements.  Such financial statements are
     unaudited and subject to any year-end adjustments which may be necessary.


2.   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 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. The offering
     was concluded on February 28, 1990, at which time 78,625.1 units of limited
     partnership  interest were sold and  outstanding.  The General Partners are
     Realmark  Properties,  Inc., a  wholly-owned  subsidiary  of J.M.  Jayson &
     Company, Inc. and Joseph M. Jayson, the Individual General Partner.  Joseph
     M. Jayson is the sole shareholder 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.



















                                       -8-

<PAGE>

     FORMATION AND OPERATION OF PARTNERSHIP (CONTINUED)

     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,  then an
     amount  equal to their  capital  contributions,  then an amount equal to an
     additional 5% of the average of their adjusted capital  contributions after
     the general partners receive a 3% property disposition fee. 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% based on
     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% based on
     their average  adjusted  capital  contributions  commencing  with the first
     fiscal quarter  following the termination of the offering of units, then to
     all  partners  in 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.

     The  partnership  agreement  also  provides  that  distribution  of  funds,
     revenues, 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.

3.   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

     Cash
     ----

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

     Property and Depreciation
     -------------------------

     Depreciation is provided using the straight-line  method over the estimated
     useful lives of the respective  assets.  Expenditures  for  maintenance and
     repairs are expensed as incurred,  and major renewals and  betterments  are
     capitalized.  The Accelerated Cost Recovery System and Modified Accelerated
     Cost  Recovery  System are used to determine  depreciation  expense for tax
     purposes.













                                       -9-

<PAGE>

     SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

     Acquisition Fees
     ----------------

     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.  Acquisition  fees paid for  properties  that
     ultimately  are not acquired will be applied toward other  properties  that
     are  acquired  or  reallocated  to  existing  properties.   There  were  no
     capitalized acquisition fees at September 30, 1997.

     Unconsolidated Joint Ventures
     -----------------------------

     The  Partnership's  investment in affiliated real estate joint ventures are
     accounted for on the equity method.

     Rental Income
     -------------

     Leases for residential  properties  have terms of one year or less.  Rental
     income is  recognized  on the  straight  line  method  over the term of the
     lease.

     Rents Receivable
     ----------------

     Due to the nature of these accounts, residential rents receivable are fully
     reserved as of September 30, 1997 and 1996.

     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 during the period.

4.   ACQUISITION AND DISPOSITION 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
     $3,165,456, which included $373,493 in acquisition fees.

     In June 1991 the Partnership acquired a 144 unit apartment complex (Players
     Club) located in Lutz,  Florida for a purchase price of  $3,070,800,  which
     included $190,737 in acquisition fees.







                                      -10-

<PAGE>

5.   MORTGAGES PAYABLE

     In connection  with the  acquisition of rental  property,  the  Partnership
     obtained mortgages as follows:

     The Villa
     ---------

     A mortgage with a balance of  $2,646,588  at September 30, 1997,  providing
     for monthly principal and interest payments of $19,864, bearing interest at
     8.30%. The note matures June 2005.

     A mortgage  with a balance of $0 and  $1,955,636  at September 30, 1997 and
     1996,  respectively,  providing for monthly principal and interest payments
     of  $17,998,  bearing  interest  at 9.875%.  The note was to mature in July
     1998,  however,  the  mortgage  was fully  paid off in May of 1997 when the
     mortgage was refinanced.

     Players Club
     ------------

     A mortgage with a balance of  $2,356,889  at September 30, 1997,  providing
     for monthly principal and interest payments of $18,297, bearing interest at
     8.59%. The note matures June 2005.

     A mortgage  with a balance of $0 and  $2,288,603  at September 30, 1997 and
     1996,  respectively,  providing for monthly principal and interest payments
     of $20,402,  bearing  interest at 10%. The note was to mature in July 1998,
     however,  the  mortgage was fully paid off in May of 1997 when the mortgage
     was refinanced.

     The mortgages  described above are secured by the individual  properties to
     which they relate.





















                                      -11-

<PAGE>

     MORTGAGES PAYABLE (CONTINUED)

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

                   Year             Amount
                   ----             ------

                   1997             $      14,378
                   1998                    30,668
                   1999                    33,404
                   2000                    36,386
                   2001                    39,632
                   Thereafter           4,855,532
                                    -------------

                   TOTAL            $   5,010,000
                                    =============


6.   RELATED PARTY TRANSACTIONS

     Management  fees  for  the  management  of  certain  of  the  Partnership's
     properties are paid to an affiliate of the General Partners. The management
     agreement  provides for 5% of gross monthly receipts of the complexes to be
     paid as fees for administering the operations of the properties. These fees
     totaled  $65,262 and $62,927 for the nine months ended  September  30, 1997
     and 1996, respectively.

     According to the terms of the Partnership Agreement, the General Partner is
     also  entitled to receive a 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 having received an annual cash return
     equal to 7% of their  adjusted  capital  contributions.  There were no such
     fees paid or accrued for the nine months ended September 30, 1997 or 1996.




















                                      -12-

<PAGE>

     RELATED PARTY TRANSACTIONS (CONTINUED)

     Pursuant to the terms of the Partnership  agreement,  the corporate general
     partner  charges the  Partnership  for  reimbursement  of certain costs and
     expenses  incurred by the corporate  general  partner and its affiliates in
     connection  with the  administration  of the Partnership and acquisition of
     properties. These charges are for the Partnership's allocated share of such
     costs and  expenses  as payroll,  travel,  communication  costs  related to
     partnership   accounting,   partner   communication   and  relations,   and
     acquisition of properties. Partnership accounting, communication, marketing
     and  acquisition  expenses are allocated  based on total assets,  number of
     partners and number of units, respectively.

     Accounts  receivable  -  affiliates  amounted  to $64,913  and  $831,854 at
     September 30, 1997 and 1996 respectively. This balance is in the process of
     being reimbursed.

     Computer  service  charges for the  partnerships  are paid or accrued to an
     affiliate  of the  General  Partner.  The fee is based  upon the  number of
     apartment  units and totaled $4,752 for the nine months ended September 30,
     1997 and 1996.

7.   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 tax  returns  of the  Partnership  are  subject to  examination  by the
     Federal and state taxing  authorities.  Under  federal and state income tax
     laws,  regulations  and  rulings,  certain  types  of  transactions  may be
     accorded varying  interpretations  and,  accordingly,  reported partnership
     amounts could be changed as a result of any such examination.
























                                      -13-

<PAGE>

     INCOME TAXES (CONTINUED)

     The reconciliation of net loss for the nine months ended September 30, 1997
     and 1996 as  reported  in the  statements  of  operations,  and as would be
     reported for tax purposes, is as follows:


                                             September 30,       September 30,
                                                 1997                 1996
                                                 ----                 ----
    
     Net loss - statement of operations       $ (440,331)       $  (  346,198)
    
     Add to (deduct from):
        Difference in depreciation                20,361           (      210)
        Tax basis adjustments -
        Joint Ventures                           (11,052)          (    5,760)
        Other non-deductible expenses             54,900               42,087
                                              ----------         ------------
    
     Net loss - tax return purposes           $ (376,122)        $ (  310,081)
                                              ==========         ============
  


     The  reconciliation  of  Partners'  Capital as of  September  30,  1997 and
     December 31, 1996 as reported in the balance sheet, and as reported for tax
     purposes, is as follows:

                                             September 30,       September 30,
                                                 1997                 1996
                                                 ----                 ----

     Partners' Capital - balance sheet        $ 2,506,818       $  3,197,149
  
     Add to (deduct from):
        Accumulated difference in
        depreciation                           (   19,309)        (  39,670)
        Tax basis adjustment -
        Joint Ventures                         (   71,028)        (  59,976)
        Syndication fees                        1,179,381         1,179,381
        Other non-deductible expenses             305,296           250,396
                                              -----------       -----------
  
     Partners' Capital - tax return purposes  $ 3,901,158       $ 4,527,280
                                              ===========       ===========
 










                                      -14-

<PAGE>

8.   INVESTMENT IN JOINT VENTURES

     On September 27, 1991 the  Partnership  entered into an agreement to form a
     joint venture with  Realmark  Property  Investors  Limited  Partnership  II
     (RPILP II) and Realmark Property Investors Limited  Partnership VI-B (RPILP
     VI-B).  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 original agreement,  the Partnership  contributed $390,000 and
     RPILP VI-B contributed $1,041,568 to buy out the wraparound promissory note
     on the  property.  RPILP  II  contributed  the  property  net of the  first
     mortgage.

     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 the RPILP VI-A. The allocated net
     loss of the joint venture has been included in the statements of operations
     of the Partnership.

     In July of 1996,  the  Partnership  entered  into a plan to  dispose of the
     property,  plant and equipment of Foxhunt Apartments with a carrying amount
     of $2,886,577.  Management has determined that a sale of the property is in
     the  best  interest  of  the  investors.  As of  September  30,  1997,  the
     agreement, with an anticipated sales price of $7.4 million, was canceled by
     the buyer, but the property is being marketed to several potential buyers.

     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, classified as held for sale on the balance sheet, 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 nine months ended September 30, 1997 totaled approximately $160,000.

















                                      -15-

<PAGE>

     INVESTMENT IN JOINT VENTURES (CONTINUED)

     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.

     A summary of the assets,  liabilities  and  partner's  capital of the joint
     venture as of  September  30, 1997 and December 31, 1996 and the results of
     its operations for the nine months ended  September 30, 1997 and 1996 is as
     follows:













































                                      -16-

<PAGE>




                             FOX HUNT JOINT VENTURE
                                 BALANCE SHEETS
                    September 30, 1997 and December 31, 1996
<TABLE>
<CAPTION>

                                                          September 30   December 31
                                                              1997           1996
                                                              ----           ----
<S>                                                       <C>            <C>        
ASSETS

    Cash and cash equivalents                             $   393,613    $   162,914
    Property, net of accumulated depreciation               2,886,577      2,886,577
    Accounts receivable - affiliates                          233,894        249,929
    Mortgage costs                                            247,641        253,937
    Other assets                                              265,883        335,272
                                                          -----------    -----------

                 Total Assets                             $ 4,027,608    $ 3,888,629
                                                          ===========    ===========


LIABILITIES AND PARTNERS' CAPITAL

Liabilities:
     Mortgage payable                                     $ 4,506,071    $ 4,528,289
     Accounts payable  and accrued expenses                   195,559        262,871
     Other liabilities                                         70,321         68,038
                                                          -----------    -----------
                 Total Liabilities                          4,771,951      4,859,198
                                                          -----------    -----------

Partners' Capital                                            (744,343)      (970,569)
                                                          -----------    -----------

                Total Liabilities and Partners' Capital   $ 4,027,608    $ 3,888,629
                                                          ===========    ===========
</TABLE>

























                                      -17-


<PAGE>

                             FOX HUNT JOINT VENTURE
                            STATEMENTS OF OPERATIONS
                  Nine Months Ended September 30, 1997 and 1996


                                                    Nine Months     Nine Months
                                                       Ended           Ended
                                                   September 30,   September 30,
                                                        1997            1996
                                                        ----            ----

Income:
     Rental                                        $ 1,052,253      $   946,123
     Interest and other income                          40,868           51,087
                                                   -----------      -----------
     Total income                                    1,093,121          997,210
                                                   -----------      -----------

Expenses:
     Property operations                               402,160          532,010
     Depreciation and amortization                       6,296          166,368
     Interest                                          304,835          306,754
     Administrative                                    153,604          155,712
                                                   -----------      -----------
     Total expenses                                    866,895        1,160,844
                                                   -----------      -----------

Net income (loss)                                  $   226,226      $  (163,634)
                                                   ===========      ===========



Allocation of net income (loss):

     The Partnership                               $    26,016      $   (18,818)
     Other Joint Venturer (RPILP II)                   200,210         (144,816)
                                                   -----------      -----------

                                                   $   226,226      $  (163,634)
                                                   ===========      ===========













                                      -18-


<PAGE>


     INVESTMENT IN JOINT VENTURES (CONTINUED)

     A reconciliation of the Partnership's investment in the joint venture is as
     follows:

                                                 1997       1996

     Investment in joint venture, January 1          $   371,119    $  386,061
     Allocation of net income (loss)                      26,016       (18,818)
                                                     -----------    ----------

     Investment in joint venture, September 30       $   397,135    $  367,243
                                                     ===========    ==========


     On August 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.

     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 for the six month period
     ended  September  30, 1997 has been included in the statement of operations
     for the Partnership.

     In July of 1996,  the  Partnership  entered  into a plan to  dispose of the
     property,  plant  and  equipment  of  Lakeview  Village  Apartments  with a
     carrying amount of $2,507,241. Management has determined that a sale of the
     property is in the best interest of the investors. As of June 30, 1997, the
     agreement with an anticipated sales price of $4,090,000,  was terminated by
     the buyer, but the property is being marketed to several properties.

     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, classified as held for sale on the balance sheet, 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 nine months ended September 30, 1997 totaled approximately $110,000.









                                      -19-

<PAGE>



     INVESTMENT IN JOINT VENTURES (CONTINUED)

     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.

     A summary of the assets,  liabilities  and  partners'  capital of the joint
     venture as of  September  30, 1997 and December 31, 1996 and the results of
     its operations for the nine months ended  September 30, 1997 and 1996 is as
     follows:










































                                      -20-

<PAGE>



                             LAKEVIEW JOINT VENTURE
                                 BALANCE SHEETS
                    September 30, 1997 and December 31, 1996
<TABLE>
<CAPTION>
                                                               September 30,  December 31,
                                                                   1997           1996
                                                                   ----           ----
<S>                                                              <C>            <C>      
ASSETS

    Cash and cash equivalents                                  $    20,401    $      --
    Propery, net of accumulated depreciation                     2,519,906      2,507,241
    Other assets                                                   247,186        311,430
                                                               -----------    -----------
                 Total Assets                                  $ 2,787,493    $ 2,818,671
                                                               ===========    ===========


LIABILITIES AND PARTNERS' (DEFICIENCY)

Liabilities:
     Cash overdraft                                            $      --      $     2,373
     Mortgage payable                                            2,490,369      2,508,128
     Accounts payable  and accrued expenses                        239,424        221,736
     Accounts payable - affiliates                                 212,306        165,995
     Other liabilities                                              72,039         54,736
                                                               -----------    -----------
                 Total Liabilities                               3,014,138      2,952,968
                                                               -----------    -----------

Partners' (Deficiency)                                            (226,645)      (134,297)
                                                               -----------    -----------

                Total Liabilities and Partners' (Deficiency)   $ 2,787,493    $ 2,818,671
                                                               ===========    ===========
</TABLE>

























                                      -21-


<PAGE>

                             LAKEVIEW JOINT VENTURE
                            STATEMENTS OF OPERATIONS
                  Nine Months Ended September 30, 1997 and 1996


                                                     Nine Months    Nine Months
                                                        Ended          Ended
                                                    September 30,  September 30,
                                                        1997            1996
                                                        ----            ----

Income:
     Rental                                          $ 498,033        $ 493,523
     Interest and other income                          34,725           34,307
                                                     ---------        ---------
     Total income                                      532,758          527,830
                                                     ---------        ---------

Expenses:
     Property operations                               300,296          442,593
     Depreciation and amortization                      10,461          124,290
     Interest                                          195,447          176,390
     Administrative                                    118,902          125,992
                                                     ---------        ---------
     Total expenses                                    625,106          869,265
                                                     ---------        ---------

Net loss                                             $ (92,348)       $(341,435)
                                                     =========        =========



Allocation of net loss:

     The Partnership                                 $ (14,979)       $ (55,381)
     Other Joint Venturer                              (77,369)        (286,054)
                                                     ---------        ---------

                                                     $ (92,348)       $(341,435)
                                                     =========        =========













                                      -22-


<PAGE>

     INVESTMENT IN JOINT VENTURES (CONTINUED)

     A reconciliation of the Partnership's investment in the joint venture is as
     follows:

                                                 1997       1996

     Investment in joint venture, January 1        $   18,479       $    54,585
     Allocation of net loss                          ( 14,979)        (  55,380)
                                                   ----------       -----------

     Investment in joint venture, September 30     $    3,500       $ (     795)
                                                   ==========       ===========







































                                      -23-

<PAGE>


PART II    MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
           -------------------------------------------------
           CONDITION AND RESULTS OF OPERATIONS.
           ------------------------------------


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

The Partnership  continues to generate sufficient cash from operations to enable
it to provide for future capital improvements. During the second quarter of 1997
both  properties in this  Partnership  were  refinanced  with a new lender.  The
result was both  increased  loan  amounts and  decreased  interest  rates,  thus
keeping debt service payments fairly constant.

A distribution of $3.08 per limited partnership unit was made during the quarter
ended June 30, 1997. The General Partner hopes to make additional  distributions
in the near future, but with the capital improvement work scheduled and the cash
needed to  complete  such  work,  management  does not  anticipate  making  such
distributions  before the end of 1997.  Escrow accounts have been set up as part
of the new mortgages on these properties to cover the costs of the work planned,
but because  releases of escrowed funds are not  immediate,  in the meantime for
cash  flow  purposes  the cash  from  operations  is  being  used to pay for the
improvements.

The Lakeview Joint Venture  continues to struggle with very low  occupancies and
poor  collections.  The  sale  of  Lakeview  Apartments  located  in  Milwaukee,
Wisconsin was terminated by the purchaser  because the city was unwilling to use
their bond allocations for multi-family  housing.  The General Partner continues
to  aggressively  market this property for sale to a new buyer as this is deemed
to be in the best interests of the Limited Partners.

Similarly,  the sales  contract for the sale of the Foxhunt  Apartments was also
terminated. The local government was opposed to a one-hundred percent low income
housing  project,  and  accordingly  would not support  the  issuance of the tax
exempt bonds through the State Housing  Agency.  Due to the opposition  from the
local government,  the purchaser decided that the likelihood of obtaining a bond
allocation  would be difficult and opted to terminate  the contract.  Management
feels with the  property  operating  the way it is currently  (i.e.,  stabilized
occupancies  in the low 90% range and positive  cash flow),  another  interested
purchaser should be found.












                                      -24-

<PAGE>

Result of Operations
--------------------

For the  quarter  ended  September  30,  1997,  the  Partnership's  net loss was
$233,633 or $2.88 per limited  partnership  unit. Net loss for the quarter ended
September  30, 1996  amounted to $232,273 or $2.87 per unit.  For the nine month
period ended  September 30, 1997, the net loss was $440,331 or $5.43 per limited
partnership  unit as compared to $346,197 or $4.27 per limited  partnership unit
for the nine month period ended September 30, 1996.

Partnership revenue for the quarter ended September 30, 1997 totaled $400,572, a
decrease of approximately $21,000 from the 1996 amount of $422,001. Total rental
revenue during this quarter decreased slightly (i.e., by just over $3,000), with
the majority of the decrease being attributed to increased  concessions  offered
and poor  collections at The Villas.  For the first nine months of 1997,  rental
revenue dropped by almost $11,600.  Other income decreased by over $6,000; there
was no one  area  which  caused  this  decrease  (i.e.,  it was made up of small
decreases in all income items).  Compared to the prior year,  physical occupancy
dropped  significantly  (i.e.,  to 76% at the end of September  1997) and rental
concessions increased drastically at The Villas. For the Partnership as a whole,
delinquencies  remained  fairly  constant  when  comparing the nine months ended
September 30, 1997 and 1996.

For the quarter  ended  September  30, 1997,  Partnership  expenses  amounted to
$631,245 which is an increase of approximately $24,000 over those of the same as
the same quarter in 1996.  For the nine month period ended  September  30, 1997,
Partnership  expenses  increased  by  almost  $162,000,  a large  increase  when
compared  to the same  period  in 1996.  The  largest  increases  were  found in
property operations  expenditures amounting to approximately $104,000 during the
first nine months of 1997 as compared to the same period  during  1996;  in this
area, specifically, there was an increase in payroll and related expenses at The
Villas and an increase in repairs and maintenance costs at both Players Club and
The  Villas.  Management  continues  to stress the  importance  of the  physical
appearance  of the  properties  as a  means  of  improving  occupancy.  Property
management has a schedule of  improvements  (e.g.,  new carpets and  appliances,
fresh coats of paint,  etc.) to be done to the properties and it is management's
belief  that such  improvements  will  eventually  improve  the cash flow in the
Partnership.  There was a decrease of approximately  35% in contracted  services
expenses at Players Club  primarily  due to decreases in costs  associated  with
landscaping and interior  painting,  which is the result of on-site  maintenance
personnel  performing  more of this  work  themselves.  Administrative  expenses
decreased  slightly by just over $1,400  during the first nine months of 1997 as
compared to those at September 30, 1996.













                                      -25-

<PAGE>

Results of Operations  (continued):
-----------------------------------

For the nine month period ended  September  30, 1997,  the Foxhunt Joint Venture
had net income of $226,226 as compared to a loss of $163,634 for the same period
in  1996.  Although  one  reason  for the net  income  reported  is the  lack of
depreciation taken as a result of "accounting  rules", the property still showed
considerable  improvement  over last year at this point in time.  This  property
suffered from lower  occupancies and difficulty in collections  during the first
nine months of 1996, but continues to show drastic improvement thus far in 1997.
The Partnership was allocated $26,016 of the total net income for the nine month
period ended September 30, 1997.

The  Lakeview  Joint  Venture  incurred a net loss of $92,348 for the nine month
period ended  September 30, 1997. For the nine month period ended  September 30,
1996, this joint venture  generated a net loss of $341,435.  The Partnership was
allocated  $14,979  and  $55,381  of the loss for the nine month  periods  ended
September 30, 1997 and 1996, respectively.  Total income in the venture remained
virtually unchanged, but a large decrease in property operations expenses caused
the property to show less of a loss than in previous periods.

On a tax basis,  the  Partnership  loss  totaled  $376,122  or $4.64 per limited
partnership  unit for the nine month period ended September 30, 1997 as compared
to the tax loss for the nine month  period  ended  September  30, 1996 which was
$310,081 or $3.83 per limited partnership unit.































                                      -26-

<PAGE>


              REALMARK PROPERTY INVESTORS LIMITED PARTNERSHIP VI-B
              ----------------------------------------------------


                                     PART II
                                     -------

                                OTHER INFORMATION
                                -----------------



Item 1 - Legal Proceedings
--------------------------

The Partnership is not party to, nor is it the subject of, any material  pending
legal  proceedings  other than  ordinary  routine  litigation  incidental to the
Partnership's business.


Item 2, 3, 4 and 5
------------------

Not applicable.


Item 6 - Exhibits and Reports on Form 8-K
-----------------------------------------

None.

























                                      -27-

<PAGE>


                                   SIGNATURES
                                   ----------


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


REALMARK PROPERTY INVESTORS
LIMITED PARTNERSHIP VI-B



By:   /s/Joseph M. Jayson                       November 12, 1997 
      ------------------------------            ------------------------
      Joseph M. Jayson,                         Date
      Individual General Partner



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


By:   REALMARK PROPERTIES, INC.
      Corporate General Partner

      /s/Joseph M. Jayson                       November 12, 1997  
      ------------------------------            ------------------------
      Joseph M. Jayson,                         Date
      President and Director



      /s/Michael J. Colmerauer                  November 12, 1997  
      ------------------------------            ------------------------
      Michael J. Colmerauer                     Date
      Secretary