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 June 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 -
                  June 30, 1997 and December 31, 1996                      3

            Statements of Operations -
                  Three Months Ended June 30, 1997 and 1996                4

            Statements of Operations -
                  Six Months Ended June 30, 1997 and 1996                  5

            Statements of Cash Flows -
                  Six Months Ended June 30, 1997 and 1996                  6

            Statements of Partners' (Deficit) Capital -
                  Six Months Ended June 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
                       June 30, 1997 and December 31, 1996
                                   (Unaudited)
                                                       June 30      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                     1,499,786      1,379,541
                                                     -----------    -----------
          Property, net                                5,519,960      5,640,205

Investments in real estate joint ventures                403,595        389,598

Cash                                                   1,246,828      1,508,588
Escrow deposits                                          405,126           --
Accounts receivable - affiliate                           81,913           --
Mortgage costs, net of accumulated amortization
     of $35,248 and $189,098 respectively                295,370         93,277
Other assets                                              22,214        118,069
                                                     -----------    -----------

            Total Assets                             $ 7,975,006    $ 7,749,737
                                                     ===========    ===========
LIABILITIES AND PARTNERS' CAPITAL

Liabilities:
     Mortgages payable                               $ 5,010,000    $ 4,225,106
     Accounts payable and accrued expenses               127,003        215,520
     Security deposits and prepaid rents                  97,552        111,962
                                                     -----------    -----------
            Total Liabilities                          5,234,555      4,552,588
                                                     -----------    -----------
Partners' (Deficit) Capital:
     General partners                                   (102,314)       (88,613)
     Limited partners                                  2,842,765      3,285,762
                                                     -----------    -----------
           Total Partners' Capital                     2,740,451      3,197,149
                                                     -----------    -----------

           Total Liabilities and Partners' Capital   $ 7,975,006    $ 7,749,737
                                                     ===========    ===========


                        See notes to financial statements

                                       -3-

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

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

Income:
     Rental                                            $ 388,059      $ 398,615
     Interest and other income                            49,139         29,314
                                                       ---------      ---------

     Total income                                        437,198        427,929
                                                       ---------      ---------
Expenses:
     Property operations                                 281,505        191,081
     Interest                                             55,196        111,317
     Depreciation and amortization                       144,844         72,134
     Administrative:
          Paid to affiliates                              43,356         19,979
          Other                                           63,942         54,830
                                                       ---------      ---------

     Total expenses                                      588,843        449,341
                                                       ---------      ---------

Loss before allocated loss from joint venture           (151,645)       (21,412)

Allocated income (loss) from joint ventures                6,526        (21,278)
                                                       ---------      ---------

Net loss                                               $(145,119)     $ (42,690)
                                                       =========      =========

Loss per limited partnership unit                      $   (1.79)     $   (0.53)
                                                       =========      =========

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


                                       -4-

<PAGE>


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

                                                      Six Months    Six Months
                                                         Ended         Ended
                                                        June 30       June 30
                                                         1997          1996

Income:
     Rental                                          $   784,920    $   793,376
     Interest and other income                            71,860         59,633
                                                     -----------    -----------

     Total income                                        856,780        853,009
                                                     -----------    -----------

Expenses:
     Property operations                                 492,011        430,115
     Interest                                            160,010        219,867
     Depreciation and amortization                       217,800        144,268
     Administrative:
          Paid to affiliates                              86,685         39,226
          Other                                          120,969        106,419
                                                     -----------    -----------

     Total expenses                                    1,077,475        939,895
                                                     -----------    -----------

Loss before allocated loss from joint venture           (220,695)       (86,886)

Allocated loss from joint ventures                        13,997        (27,039)
                                                     -----------    -----------

Net loss                                             $  (206,698)   $  (113,925)
                                                     ===========    ===========

Loss per limited partnership unit                    $     (2.55)   $     (1.41)
                                                     ===========    ===========

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
                     Six Months Ended June 30, 1997 and 1996
                                   (Unaudited)

                                                       Six Months    Six Months
                                                          Ended         Ended
                                                        June 30,      June 30,
                                                          1997          1996
                                                          ----          ----
Cash flow from operating activities:
     Net loss                                        $  (206,698)   $  (113,925)

Adjustments to reconcile net loss to net cash
     (used in) provided by operating activities:
     Depreciation and amortization                       217,800        144,268
     Net loss from joint ventures                        (13,997)        27,039
Changes in operating assets and liabilities:
     Escrow deposits                                    (405,126)          --
     Other assets                                         95,855          4,627
     Accounts payable and accrued expenses               (88,517)           860
     Security deposits and prepaid rent                  (14,410)        40,999
                                                     -----------    -----------
Net cash (used in) provided by operating activities     (415,093)       103,868
                                                     -----------    -----------
Cash flow from investing activities:
     Accounts receivable - affiliates                    (81,913)       (43,081)
     Capital expenditures                                   --             --
                                                     -----------    -----------
Net cash (used in) investing activities                  (81,913)       (43,081)
                                                     -----------    -----------
Cash flows from financing activities:
     Mortgage acquisition costs                         (166,845)          --
     Principal payments on mortgages                     (15,266)       (12,093)
     Net proceeds from mortgage refinancing              667,357           --
     Distributions to partners                          (250,000)          --
                                                     -----------    -----------
Net cash provided by (used in) financing activities      235,246        (12,093)
                                                     -----------    -----------

Increase (decrease) in cash                             (261,760)        48,694

Cash - beginning of period                             1,508,588        641,726
                                                     -----------    -----------

Cash - end of period                                 $ 1,246,828    $   690,420
                                                     ===========    ===========

Supplemental Disclosure of Cash Flow Information:
     Cash paid for interest                          $   167,917    $   218,626
                                                     ===========    ===========

                        See notes to financial statements
                                       -6-

<PAGE>

              REALMARK PROPERTY INVESTORS LIMITED PARTNERSHIP VI-B
                    STATEMENTS OF PARTNERS' (DEFICIT) CAPITAL
                     Six Months Ended June 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                                   (3,418)         --          (110,507)
                                      -----------      --------     -----------

Balance, June 30, 1996                $   (84,800)       78,625.1   $ 3,409,082
                                      ===========      ========     ===========


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

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

Net loss                                   (6,201)         --          (200,497)
                                      -----------      --------     -----------

Balance, June 30, 1997                $  (102,314)       78,625.1   $ 2,842,765
                                      ===========      ========     ===========





















                                       7

<PAGE>

              REALMARK PROPERTY INVESTORS LIMITED PARTNERSHIP VI-B
                          NOTES TO FINANCIAL STATEMENTS
                     Six Months Ended June 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 six month periods ended June
      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 June 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 June 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  $2,650,000  at June 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  $1,963,073 at June 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  $2,360,000  at June 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 June 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  $42,542  and  $33,000 for the six months
      ended June 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 six months ended June 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 $81,913 and $845,420 at June
      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 $3,168 for the six months ended June 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 six months ended June 30, 1997 and
      1996 as reported in the statements of operations, and as would be reported
      for tax purposes, is as follows:


                                                June 30,             June 30,
                                                  1997                 1996
                                                  ----                 ----
   
      Net loss - statement of operations      $ ( 206,698)        $   (113,925)
   
      Add to (deduct from):
         Difference in depreciation                13,574             (    140)
         Tax basis adjustments -
         Joint Ventures                          (  7,368)            (  3,840)
         Other non-deductible expenses             36,600               28,058
                                              -----------         ------------
   
      Net loss - tax return purposes          $  (163,892)        $   ( 89,847)
                                              ===========         ============
 


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

                                                  June 30,         December  31,
                                                    1997                1996
                                                    ----                ----
   
       Partners' Capital - balance sheet        $ 2,740,451        $  3,197,149
   
       Add to (deduct from):
          Accumulated difference in
          depreciation                           (   26,096)          (  39,670)
          Tax basis adjustment -
          Joint Ventures                         (   67,344)          (  59,976)
          Syndication fees                        1,179,381           1,179,381
          Other non-deductible expenses             286,996             250,396
                                                -----------         -----------
   
       Partners' Capital - tax return purposes  $ 4,113,388         $ 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 June 30, 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  six  months  ended  June  30,  1997  totaled
      approximately $93,000.







                                      -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 June 30, 1997 and  December  31, 1996 and the results of its
      operations for the six months ended June 30, 1997 and 1996 is as follows:
































                                      -16-

<PAGE>

                             FOX HUNT JOINT VENTURE
                                 BALANCE SHEETS
                       June 30, 1997 and December 31, 1996

<TABLE>
<CAPTION>
                                                             June 30     December 31
                                                               1997          1996
                                                               ----          ----
<S>                                                       <C>            <C>        
ASSETS

    Cash and cash equivalents                             $   290,444    $   162,914
    Property, net of accumulated depreciation               2,886,577      2,886,577
    Accounts receivable - affiliates                          240,502        249,929
    Mortgage costs                                            249,739        253,937
    Other assets                                              369,789        335,272
                                                          -----------    -----------

                 Total Assets                             $ 4,037,051    $ 3,888,629
                                                          ===========    ===========


LIABILITIES AND PARTNERS' CAPITAL

Liabilities:
     Mortgage payable                                     $ 4,513,643    $ 4,528,289
     Accounts payable  and accrued expenses                   246,664        262,871
     Other liabilities                                         93,412         68,038
                                                          -----------    -----------
                 Total Liabilities                          4,853,719      4,859,198
                                                          -----------    -----------

Partners' Capital                                            (816,668)      (970,569)
                                                          -----------    -----------

                Total Liabilities and Partners' Capital   $ 4,037,051    $ 3,888,629
                                                          ===========    ===========

</TABLE>
















                                      -17-


<PAGE>


                             FOX HUNT JOINT VENTURE
                            STATEMENTS OF OPERATIONS
                     Six Months Ended June 30, 1997 and 1996


                                                      Six Months      Six Months
                                                        Ended           Ended
                                                       June 30,        June 30,
                                                         1997            1996
                                                         ----            ----

Income:
     Rental                                          $ 682,362        $ 617,614
     Interest and other income                          46,035           47,012
                                                     ---------        ---------
     Total income                                      728,397          664,626
                                                     ---------        ---------

Expenses:
     Property operations                               247,642          293,553
     Depreciation and amortization                       4,197          110,134
     Interest                                          203,391          204,757
     Administrative                                    119,266          119,034
                                                     ---------        ---------
     Total expenses                                    574,496          727,478
                                                     ---------        ---------

Net income (loss)                                    $ 153,901        $ (62,852)
                                                     =========        =========



Allocation of net income (loss):

     The Partnership                                 $  17,699        $  (7,228)
     Other Joint Venturer (RPILP II)                   136,202          (55,624)
                                                     ---------        ---------

                                                     $ 153,901        $ (62,852)
                                                     =========        =========











                                      -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)                     17,699        ( 7,228)
                                                     -----------     ----------
    
      Investment in joint venture, June 30           $   388,818     $  378,833
                                                     ===========     ==========
  

      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 June 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.

      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  six  months  ended  June  30,  1997  totaled
      approximately $84,000.

                                      -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 June 30, 1997 and  December  31, 1996 and the results of its
      operations for the six months ended June 30, 1997 and 1996 is as follows:




































                                      -20-

<PAGE>
                             LAKEVIEW JOINT VENTURE
                                 BALANCE SHEETS
                       June 30, 1997 and December 31, 1996

<TABLE>
<CAPTION>
                                                                      June 30,    December 31,
                                                                        1997          1996
                                                                        ----          ----
<S>                                                                 <C>            <C>        
ASSETS

    Property, net of accumulated depreciation                       $ 2,507,241    $ 2,507,241
    Other assets                                                        326,974        311,430
                                                                    -----------    -----------

                 Total Assets                                       $ 2,834,215    $ 2,818,671
                                                                    ===========    ===========



LIABILITIES AND PARTNERS' CAPITAL

Liabilities:
     Cash overdraft                                                 $    19,865    $     2,373
     Mortgage payable                                                 2,494,900      2,508,128
     Accounts payable  and accrued expenses                             214,241        221,736
     Accounts payable - affiliates                                      183,968        165,995
     Other liabilities                                                   78,357         54,736
                                                                    -----------    -----------
                 Total Liabilities                                    2,991,331      2,952,968
                                                                    -----------    -----------

Partners' (Deficit)                                                    (157,116)      
(134,297)
                                                                    -----------    -----------

                Total Liabilities and Partners' (Deficit) Capital   $ 2,834,215    $ 2,818,671
                                                                    ===========    ===========

</TABLE>
















                                                    -21-

<PAGE>

                             LAKEVIEW JOINT VENTURE
                            STATEMENTS OF OPERATIONS
                     Six Months Ended June 30, 1997 and 1996


                                                     Six Months       Six Months
                                                       Ended            Ended
                                                      June 30,         June 30,
                                                        1997             1996
                                                        ----             ----

Income:
     Rental                                          $ 361,977        $ 357,414
     Interest and other income                          22,882           24,212
                                                     ---------        ---------
     Total income                                      384,859          381,626
                                                     ---------        ---------

Expenses:
     Property operations                               188,258          216,945
     Depreciation and amortization                       6,974           98,296
     Interest                                          133,326          110,620
     Administrative                                     79,120           77,909
                                                     ---------        ---------
     Total expenses                                    407,678          503,770
                                                     ---------        ---------

Net loss                                             $ (22,819)       $(122,144)
                                                     =========        =========



Allocation of net loss:

     The Partnership                                 $  (3,701)       $ (19,812)
     Other Joint Venturer                              (19,118)        (102,332)
                                                     ---------        ---------

                                                     $ (22,819)       $(122,144)
                                                     =========        =========











                                      -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                             (3,701)       (19,812)
                                                      ---------      ---------

      Investment in joint venture, June 30            $  14,778      $  34,773
                                                      =========      =========

































                                      -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.  The new  mortgages  also have
replacement and improvement reserve accounts maintained by the lender.
These funds will be used to improve the properties.

A distribution of $3.08 per limited partnership unit was made during the quarter
ended  June  30,  1997.  The  General  Partner  does  hope  to  make  additional
distributions  at some  time  during  1997.  Management  has been  concentrating
heavily on increasing occupancies and at the same time controlling expenses. The
General  Partner feels that the  Partnership  will see  improvements in the next
several months of 1997.

During January of 1996, the Partnership was able to secure new financing for the
Lakeview  Joint  Venture.  This reduced debt service and  decreased the mortgage
payments, however Lakeview continues to struggle with very low occupancies.  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.


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

For the quarter ended June 30, 1997, the  Partnership's net loss was $145,119 or
$1,79 per limited partnership unit. Net loss for the quarter ended June 30, 1996
amounted to $42,690 or $0.53 per unit.  For the six month  period ended June 30,
1997,  the net loss  was  $206,698  or $2.55  per  limited  partnership  unit as
compared to $113,925  or $1.41 per  limited  partnership  unit for the six month
period ended June 30, 1996.

                                      -24-

<PAGE>

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

Partnership  revenue for the quarter  ended June 30, 1997  totaled  $437,198,  a
modest increase of $9,269 from the 1996 amount of $427,929. Total rental revenue
during this quarter dropped just over $10,000, with the majority of the decrease
being  attributed  to  increased  concessions  offered at The Villas in order to
increase falling economic  occupancy.  For the first six months of 1997,  rental
revenue dropped by almost $8,500;  other income increased by over $12,000 mostly
due to increased  termination  fees and forfeited  security  deposits at Players
Club. Compared to the prior year, physical occupancy dropped, rental concessions
increased,  and delinquencies  remained virtually unchanged.  Management expects
that in the third quarter of 1997  occupancies will increase and the concessions
being offered currently will be lessened.

For the quarter ended June 30, 1997,  Partnership  expenses amounted to $588,843
which is a  significant  increase  over those of the same as the same quarter in
1996.  For the six  month  period  ended  June 30,  1997,  Partnership  expenses
increased by almost  $138,000  which is also a large increase as compared to the
same period in 1996.  The most notable  increase was found in  depreciation  and
amortization  expense.  There was  similarly an increase in property  operations
expenditures  amounting to approximately  $62,000 during the first six months of
1997 when compared to the same period  during 1996; in this area,  specifically,
there  was  an  increase  in  payroll  and  related  expenses  and  repairs  and
maintenance  costs.  Management  is  stressing  the  importance  of the physical
appearance of the  properties as a means of improving  occupancy,  and thus more
improvements (e.g., new carpets and appliances,  fresh coats of paint, etc.) are
being  brought  about/completed.  There was a decrease  in  contracted  services
expenses  as the  on-site  maintenance  personnel  perform  more  of  this  work
themselves as another means of controlling expenses;  specifically  decreases in
landscaping and interior painting were noted.  Administrative expenses increased
by just over $62,000 during the first six months of 1997 as compared to those at
June 30, 1996.  Increases in management  fees and legal  expenses were primarily
responsible  for this  increase.  Insurance  expense saw a decrease of just over
$8,000,  while real estate taxes  remained  fairly stable  between the six month
periods ended June 30, 1997 and 1996.

For the six month period ended June 30, 1997,  the Foxhunt Joint Venture had net
income of $153,901 as compared to a loss of $62,852 for the same period in 1996.
This property  suffered from lower  occupancies  and  difficulty in  collections
during the six month period ended June 30, 1996, but showed drastic  improvement
during the same six month period in 1997. The Partnership was allocated  $17,699
of the total net income for the six month period ended June 30, 1997.




                                      -25-

<PAGE>

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

The  Lakeview  Joint  Venture  incurred a net loss of $22,819  for the six month
period ended June 30, 1997.  For the six month period ended June 30, 1996,  this
joint venture  generated a net loss of $122,144.  The  Partnership was allocated
$3,701 and 19,812 of the loss for the six month  periods ended June 30, 1997 and
1996, respectively.

On a tax basis,  the  Partnership  loss  totaled  $163,892  or $2.02 per limited
partnership unit for the six month period ended June 30, 1997 as compared to the
tax loss for the six month  period  ended  March 31,  1997 which was  $89,847 or
$1.11 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                       August 8, 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                       August 8, 1997  
      ------------------------------            ------------------------
      Joseph M. Jayson,                         Date
      President and Director



      /s/Michael J. Colmerauer                  August 8, 1997  
      ------------------------------            ------------------------
      Michael J. Colmerauer                     Date
      Secretary