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
March 31, 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 March 31, 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 -
                           March 31, 1997 and December 31, 1996             3

                  Statements of Operations -
                           Three Months Ended March 31, 1997 and 1996       4

                  Statements of Cash Flows -
                           Three Months Ended March 31, 1997 and 1996       5

                  Statements of Partners' (Deficit) Capital -
                           Three Months Ended March 31, 1997 and 1996       6
                  Notes to Financial Statements                           7 - 21


PART II: MANAGEMENT'S DISCUSSION & ANALYSIS OF
                  FINANCIAL CONDITION & RESULTS OF
                  --------------------------------
                  OPERATIONS                                             22 - 23
                  ----------























                                       -2-

<PAGE>

              REALMARK PROPERTY INVESTORS LIMITED PARTNERSHIP VI-B
                                 BALANCE SHEETS
                      March 31, 1997 and December 31, 1996
                                   (Unaudited)

                                                      March 31,     December 31,
                                                        1997            1996
                                                        ----            ----
ASSETS

Property, at cost:
     Land                                            $   746,000    $   746,000
     Buildings and improvements                        6,018,094      6,018,094
     Furniture, fixtures and equipment                   255,652        255,652
                                                     -----------    -----------
                                                       7,019,746      7,019,746
     Less accumulated depreciation                     1,439,663      1,379,541
                                                     -----------    -----------
          Property, net                                5,580,083      5,640,205

Investments in real estate joint ventures                397,069        389,598

Cash                                                   1,329,718      1,508,588
Accounts receivable - affiliate                           68,524           --
Mortgage costs, net of accumulated amortization
     of $201,933 and $189,098, respectively              100,443         93,277
Other assets                                             126,113        118,069
                                                     -----------    -----------

            Total Assets                             $ 7,601,950    $ 7,749,737
                                                     ===========    ===========


LIABILITIES AND PARTNERS' CAPITAL

Liabilities:
     Mortgages payable                               $ 4,214,687    $ 4,225,106
     Accounts payable and accrued expenses               145,997        215,520
     Security deposits and prepaid rents                 105,696        111,962
                                                     -----------    -----------
            Total Liabilities                          4,466,380      4,552,588
                                                     -----------    -----------

Partners' (Deficit) Capital:
     General partners                                    (90,460)       (88,613)
     Limited partners                                  3,226,030      3,285,762
                                                     -----------    -----------
           Total Partners' Capital                     3,135,570      3,197,149
                                                     -----------    -----------

           Total Liabilities and Partners' Capital   $ 7,601,950    $ 7,749,737
                                                     ===========    ===========


                        See notes to financial statements


                                       -3-

<PAGE>

              REALMARK PROPERTY INVESTORS LIMITED PARTNERSHIP VI-B
                            STATEMENTS OF OPERATIONS
                   Three Months Ended March 31, 1997 and 1996
                                   (Unaudited)

                                                      Three Months  Three Months
                                                          Ended         Ended
                                                        March 31,     March 31,
                                                          1997          1996
                                                          ----          ----

Income:
     Rental                                            $ 396,861      $ 394,761
     Interest and other income                            22,721         30,319
                                                       ---------      ---------
     Total income                                        419,582        425,080
                                                       ---------      ---------

Expenses:
     Property operations                                 210,506        239,034
     Interest                                            104,814        108,550
     Depreciation and amortization                        72,956         72,134
     Administrative:
          Paid to affiliates                              43,329         19,247
          Other                                           57,027         51,589
                                                       ---------      ---------
     Total expenses                                      488,632        490,554
                                                       ---------      ---------

Loss before allocated loss from joint venture            (69,050)       (65,474)

Allocated income (loss) from joint ventures                7,471         (5,761)
                                                       ---------      ---------

Net loss                                               $ (61,579)     $ (71,235)
                                                       =========      =========

Loss per limited partnership unit                      $   (0.76)     $   (0.88)
                                                       =========      =========

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 CASH FLOWS
                   Three Months Ended March 31, 1997 and 1996
                                   (Unaudited)
<TABLE>
<CAPTION>
                                                             Three Months   Three Months
                                                                 Ended          Ended
                                                               March 31,      March 31,
                                                                 1997           1996
                                                                 ----           ----
<S>                                                          <C>            <C> 
Cash flow from operating activities:
     Net loss                                                $   (61,579)   $   (71,235)

Adjustments to reconcile net loss to net cash
     (used in) provided by operating activities:
     Depreciation and amortization                                72,956         72,134
     Net income (loss) from joint ventures                        (7,471)         5,761
Changes in operating assets and liabilities:
     Other assets                                                 (8,044)       (15,504)
     Accounts payable and accrued expenses                       (69,523)        55,971
     Security deposits and prepaid rent                           (6,266)        (2,144)
                                                             -----------    -----------
Net cash (used in) provided by operating activities              (79,927)        44,983
                                                             -----------    -----------

Cash flow from investing activities:
     Accounts receivable - affiliates                            (68,524)       (37,542)
     Capital expenditures                                           --             --
     Contributions to joint ventures, net of distributions          --             --
                                                             -----------    -----------
Net cash (used in) investing activities                          (68,524)       (37,542)
                                                             -----------    -----------

Cash flows from financing activities:
     Distributions to partners                                      --             --
     Mortgage acquisition costs                                  (20,000)          --
     Principal payments on mortgages                             (10,419)        (6,651)
                                                             -----------    -----------
Net cash (used in) financing activities                          (30,419)        (6,651)
                                                             -----------    -----------

(Decrease) increase in cash                                     (178,870)           790

Cash - beginning of period                                     1,508,588        641,724
                                                             -----------    -----------

Cash - end of period                                         $ 1,329,718    $   642,514
                                                             ===========    ===========


Supplemental Disclosure of Cash Flow Information:
     Cash paid for interest                                  $   104,814    $   108,550
                                                             ===========    ===========

</TABLE>



    

                    See notes to financial statements


                                       -5-

<PAGE>

              REALMARK PROPERTY INVESTORS LIMITED PARTNERSHIP VI-B
                    STATEMENTS OF PARTNERS' (DEFICIT) CAPITAL
                   Three Months Ended March 31, 1997 and 1996
                                   (Unaudited)
<TABLE>
<CAPTION>

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

<S>                                   <C>                <C>        <C>        
Balance, January 1, 1996              $   (81,382)       78,625.1   $ 3,519,589

Distribution to partners                     --            --              --

Net loss                                   (2,137)         --           (69,098)
                                      -----------      --------     -----------

Balance, March 31, 1996               $   (83,519)       78,625.1   $ 3,450,491
                                      ===========      ========     ===========


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

Distribution to partners                     --            --              --

Net loss                                   (1,847)         --           (59,732)
                                      -----------      --------     -----------

Balance, March 31, 1997               $   (90,460)       78,625.1   $ 3,226,030
                                      ===========      ========     ===========
</TABLE>

















                        See notes to financial statements


                                       -6-

<PAGE>


              REALMARK PROPERTY INVESTORS LIMITED PARTNERSHIP VI-B
                          NOTES TO FINANCIAL STATEMENTS
                   Three Months Ended March 31, 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 three month  periods  ended
      March 31, 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.











                                       -7-

<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.











                                       -8-

<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 March 31, 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 March 31, 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.



                                       -9-

<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 $1,945,879  and  $1,968,515 at March 31, 1997
      and 1996,  respectively,  providing  for monthly  principal  and  interest
      payments of $17,998,  bearing interest at 9.875%.  The note matures August
      1998.

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

      A mortgage with a balance of $2,268,808  and  $2,288,603 at March 31, 1997
      and 1996,  respectively,  providing  for monthly  principal  and  interest
      payments of $20,402, bearing interest at 10%. The note matures July 1998.

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

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

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

                            1997                     $      43,853
                            1998                         4,181,253
                                                     -------------

                            TOTAL                    $   4,225,106
                                                     =============


 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  $20,753 and $17,627 for the three months
      ended March 31, 1997 and 1996, respectively.








                                      -10-

<PAGE>

      RELATED PARTY TRANSACTIONS  (CONTINUED)
      --------------------------  -----------

      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 three months ended March 31, 1997 or 1996.

      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, partner communication,
      marketing and  acquisition  expenses are allocated  based on total assets,
      number of partners and number of units, respectively. These costs amounted
      to $19,504 and $20,953 at March 31, 1997 and 1996.

      Accounts receivable - affiliates amounted to $68,524 and $839,641 at March
      31, 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  $1,584 for the three  months ended March 31,
      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.













                                      -11-

<PAGE>

      INCOME TAXES (CONTINUED)
      ------------------------

      The  reconciliation  of net loss for the three months ended March 31, 1997
      and 1996 as  reported in the  statements  of  operations,  and as would be
      reported for tax purposes, is as follows:


                                                 March 31,          March 31,
                                                    1997              1996
                                                    ----              ----

      Net loss - statement of operations      $ (  61,579)      $   (  71,235)

      Add to (deduct from):
          Difference in depreciation                6,787           (      70)
          Tax basis adjustments -
          Joint Ventures                        (   3,684)          (   1,920)
          Other non-deductible expenses            18,296              14,029
                                              -----------        ------------

      Net loss - tax return purposes          $  ( 40,180)       $  (  59,196)
                                              ===========        ============


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

                                                 March 31,         December  31,
                                                    1997                1996
                                                    ----                ----

      Partners' Capital - balance sheet       $  3,135,570        $  3,197,149

      Add to (deduct from):
          Accumulated difference in
          depreciation                         (    32,883)         (  39,670)
          Tax basis adjustment -
          Joint Ventures                       (    63,660)         (  59,976)
          Syndication fees                       1,179,381          1,179,381
          Other non-deductible expenses            268,692            250,396
                                               -----------         ----------

      Partners' Capital - tax return purposes  $ 4,487,100        $ 4,527,280
                                               ===========        ===========





                                      -12-

<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 March 31, 1997, the agreement,
      with an  anticipated  sales  price of $7.4  million,  was  canceled by the
      buyer.

      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  three  months  ended  March 31,  1997  totaled
      approximately $46,500.










                                      -13-

<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 March 31, 1997 and  December 31, 1996 and the results of its
      operations  for the  three  months  ended  March  31,  1997 and 1996 is as
      follows:












































                                      -14-

<PAGE>
                             FOX HUNT JOINT VENTURE
                                 BALANCE SHEETS
                      March 31, 1997 and December 31, 1996
<TABLE>
<CAPTION>
                                                           March 31,    December 31,
                                                              1997           1996
                                                              ----           ----
<S>                                                       <C>            <C> 
ASSETS

    Cash and cash equivalents                             $   232,610    $   162,914
    Propery, net of accumulated depreciation                2,886,577      2,886,577
    Accounts receivable - affiliates                          241,639        249,929
    Mortgage costs                                            251,838        253,937
    Other assets                                              327,596        335,272
                                                          -----------    -----------

                 Total Assets                             $ 3,940,260    $ 3,888,629
                                                          ===========    ===========


LIABILITIES AND PARTNERS' CAPITAL

Liabilities:
     Mortgage payable                                     $ 4,521,048    $ 4,528,289
     Accounts payable  and accrued expenses                   178,351        262,871
     Other liabilities                                        125,654         68,038
                                                          -----------    -----------
                 Total Liabilities                          4,825,053      4,859,198
                                                          -----------    -----------

Partners' Capital                                            (884,793)      (970,569)
                                                          -----------    -----------

                Total Liabilities and Partners' Capital   $ 3,940,260    $ 3,888,629
                                                          ===========    ===========
</TABLE>



























                                      -15-

<PAGE>

                             FOX HUNT JOINT VENTURE
                            STATEMENTS OF OPERATIONS
                   Three Months Ended March 31, 1997 and 1996


                                                     Three Months   Three Months
                                                        Ended          Ended
                                                      March 31,      March 31,
                                                         1997           1996
                                                         ----           ----

Income:
     Rental                                          $ 353,622        $ 319,805
     Interest and other income                          11,067           26,389
                                                     ---------        ---------
     Total income                                      364,689          346,194
                                                     ---------        ---------

Expenses:
     Property operations                               113,312          203,133
     Depreciation and amortization                       2,099           53,900
     Interest                                          101,778          102,453
     Administrative                                     61,723            9,337
                                                     ---------        ---------
     Total expenses                                    278,912          368,824
                                                     ---------        ---------

Net income (loss)                                    $  85,777        $ (22,630)
                                                     =========        =========



Allocation of net income (loss):

     The Partnership                                 $   9,864        $  (2,602)
     Other Joint Venturer (RPILP II)                    75,913          (20,028)
                                                     ---------        ---------

                                                     $  85,777        $ (22,630)
                                                     =========        =========













                                      -16-

<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)                9,864             ( 2,602)
                                                ----------          ----------

      Investment in joint venture, March 31     $  380,983          $  383,459
                                                ==========          ==========


      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 three month period
      ended March 31, 1996 has been included in the statement 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 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 March 31,
      1997, the agreement had an anticipated sales price of $4,090,000.











                                      -17-

<PAGE>



      INVESTMENT IN JOINT VENTURES (CONTINUED)
      ----------------------------------------

      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  three  months  ended  March 31,  1997  totaled
      approximately $42,000.

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






























                                      -18-

<PAGE>
                             LAKEVIEW JOINT VENTURE
                                 BALANCE SHEETS
                      March 31, 1997 and December 31, 1996

<TABLE>
<CAPTION>
                                                                March 31,     December 31,
                                                                  1997           1996
                                                                  ----           ----
<S>                                                            <C>            <C>    
ASSETS

    Propery, net of accumulated depreciation                   $ 2,507,205    $ 2,507,241
    Other assets                                                   318,536        311,430
                                                               -----------    -----------

                 Total Assets                                  $ 2,825,741    $ 2,818,671
                                                               ===========    ===========



LIABILITIES AND PARTNERS' (DEFICIENCY)

Liabilities:
     Cash overdraft                                            $    28,178    $     2,373
     Mortgage payable                                            2,501,582      2,508,128
     Accounts payable  and accrued expenses                        185,813        221,736
     Accounts payable - affiliates                                 181,888        165,995
     Other liabilities                                              77,332         54,736
                                                               -----------    -----------
                 Total Liabilities                               2,974,793      2,952,968
                                                               -----------    -----------

Partners' (Deficiency)                                            (149,052)      (134,297)
                                                               -----------    -----------

                Total Liabilities and Partners' (Deficiency)   $ 2,825,741    $ 2,818,671
                                                               ===========    ===========


</TABLE>

























                                      -19-

<PAGE>

                             LAKEVIEW JOINT VENTURE
                            STATEMENTS OF OPERATIONS
                   Three Months Ended March 31, 1997 and 1996


                                                     Three Months   Three Months
                                                        Ended          Ended
                                                      March 31,      March 31,
                                                         1997           1996
                                                         ----           ----

Income:
     Rental                                          $ 187,098        $ 213,787
     Interest and other income                          12,259           11,502
                                                     ---------        ---------
     Total income                                      199,357          225,289
                                                     ---------        ---------

Expenses:
     Property operations                                91,523          109,203
     Depreciation and amortization                       3,487           49,149
     Interest                                           73,397           47,561
     Administrative                                     45,705           38,850
                                                     ---------        ---------
     Total expenses                                    214,112          244,763
                                                     ---------        ---------

Net loss                                             $ (14,755)       $ (19,474)
                                                     =========        =========



Allocation of net loss:

     The Partnership                                 $  (2,393)       $  (3,159)
     Other Joint Venturer                              (12,362)         (16,315)
                                                     ---------        ---------

                                                     $ (14,755)       $ (19,474)
                                                     =========        =========














                                      -20-

<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                     ( 2,393)          (  3,159)
                                               ---------          ---------

      Investment in joint venture, March 31    $  16,086          $  51,426
                                               =========          ==========








































                                      -21-

<PAGE>

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


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

The Partnership  continues to maintain  sufficient cash to enable it to not only
fund current  operations,  but also to provide for future capital  improvements.
The  Partnership  did have negative cash flow from  operations  during the first
quarter of 1997,  primarily due to its paying down a  significant  amount of its
payables.  No  distributions  to  partners  were made in either the first  three
months  of  1997  or  1996.  The  General  Partner  does  anticipate   making  a
distribution during 1997, most likely during the next quarter.

Management  expects to secure new  financing on both The Villas and Players Club
during the second  quarter of 1997.  This new  financing  will result in a lower
interest rate, thus providing even more cash flow to the Partnership.

Foxhunt  Apartments  came under  contract for sale during July 1996. The sale is
subject to a number of  contingencies  and is cancelable by the  purchaser.  The
sales price negotiated is $7,400,000.  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.


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

For the three month period ended March 31, 1997, the Partnership generated a net
loss of $61,579 or $0.76 per  limited  partnership  unit.  The loss for the same
period in 1996 was $71,235 or $0.88 per limited partnership unit.

On a tax basis,  the  Partnership  loss  totaled  $40,180  or $0.50 per  limited
partnership  unit for the three month period ended March 31, 1997 as compared to
the tax loss for the three month  period  ended March 31, 1996 which was $59,196
or $0.73 per limited partnership unit.










                                      -22-

<PAGE>

Result of Operations  (Continued):
--------------------  ------------

Total revenue for the three month period ended March 31, 1997  decreased  $5,498
from the  corresponding  period in 1996.  The decrease is the result of a $7,598
reduction in interest and other income. Approximately 40% of the decrease can be
attributed  to a decline in  laundry  revenues  collected;  an 11%  decrease  in
interest  income  also  contributed  to  the  overall  decrease.  Rental  income
increased  slightly  when  comparing  the quarter ended March 31, 1997 and 1996,
primarily due to a decrease in vacancies at Players Club.  Management  continues
to  focus  on  efforts  to  decrease  delinquencies  by  tightening  credit  and
collection procedures; from the quarter ended March 31, 1997 to that ended March
31, 1996,  bad debts  decreased in total over $9,780.  The  properties  are both
located  in  what  continues  to be  economically  favorable  areas  for  rental
properties, so rental income is expected to increase in the future.

Partnership expenses totaled $488,632 for the three month period ended March 31,
1997. This is a slight decrease of approximately  $1,900 from the same period in
1996. Property  operations expenses decreased over $28,000,  the largest portion
of which can be attributed to a decrease in contracted service expenses.  Slight
increases in payroll and related  expenses and repairs and maintenance  expenses
were also seen  during the first  quarter of 1997 as compared to the same period
during 1996. Interest expense and depreciation and amortization expense remained
fairly  constant  between  the two  quarters,  whereas  administrative  expenses
increased  due to  increases  in legal fees,  management  fees  (resulting  from
increased  revenues),  investor  service and brokerage  fees, and accounting and
portfolio expenses. Management continues to try to lower expenses by focusing on
tenant  retention and attempting to do more of the repair and  maintenance  work
in-house as opposed to hiring outside contractors. Thus far, favorable financial
results can be seen by the decrease in operation costs.

For the three month  period  ended March 31,  1997,  the Foxhunt  Joint  Venture
generated  net income of  $85,777  compared  to a loss of $22,630  for the three
month period ended March 31, 1996. Of the total income,  $9,864 was allocated to
the Partnership  for the three month period ended March 31, 1997;  $2,602 of the
loss was allocated to the Partnership for the same period in 1996.

The Lakeview  Joint Venture had a net loss of $14,755 for the three month period
ended March 31, 1997 as compared to a loss of $19,474 for the three month period
ended March 31, 1996. The Partnership was allocated $2,393 of the loss for three
month  period  ended  March 31,  1997 and  $3,159  for the same  period in 1996.
Management  continues its efforts to decrease operating expenses related to this
property in hopes of seeing signs of an economic improvement in this region.












                                      -23-

<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.



























                                      -24-

<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                       May 17, 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                       May 17, 1997  
      ------------------------------            ------------------------
      Joseph M. Jayson,                         Date
      President and Director



      /s/Michael J. Colmerauer                  May 17, 1997  
      ------------------------------            ------------------------
      Michael J. Colmerauer                     Date
      Secretary