FORM 10-Q


                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


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


For the Quarter Ended                            Commission File Number
September 30, 1996                                      33-17579

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


 Delaware                                  16-1309988
--------------------                       ----------------------------------- 
(State of Formation)                      (IRS Employer Identification Number)


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

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

Indicate  by a check mark  whether  the  Registrant:  (1) has filed all  reports
required to be filed by Section 13 or 15(d) of the  Securities  Exchange  Act of
1934  during  the  preceding  12 months  (or for such  shorter  period  that the
Registrant was required to file such reports),  and (2) has been subject to such
filing requirements for the past 90 days.   Yes  X   No
                                                ---     ---

Indicate by a check mark if disclosure of delinquent  filers  pursuant to Item
405 of Regulation S-K is not contained herein,  and will not be contained,  to
the best of the  registrant's  knowledge,  in definitive  proxy or information
statements  incorporated  by  reference  in part III of this  Form 10-Q or any
amendment to this Form 10-Q.   (X)


As of  September  30,  1996  the  registrant  had  78,625.10  units  of  limited
partnership interest outstanding.


<PAGE>

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

                                      INDEX
                                      -----



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

            Balance Sheets -
                  September 30, 1996 and December 31, 1995                3

            Statements of Operations -
                  Three Months Ended September 30, 1996 and 1995          4

            Statements of Operations -
                  Nine Months Ended September 30, 1996 and 1995           5

            Statements of Cash Flows -
                  Nine Months Ended September 30, 1996 and 1995           6

            Statements of Partners' (Deficit) Capital -
                  Nine Months Ended September 30, 1996 and 1995           7

            Notes to Financial Statements                               8 - 20


PART II:    MANAGEMENT'S DISCUSSION & ANALYSIS OF
--------    FINANCIAL CONDITION & RESULTS OF OPERATIONS                21 - 23
            -------------------------------------------




















                                       -2-

<PAGE>

              REALMARK PROPERTY INVESTORS LIMITED PARTNERSHIP VI-B
                                 BALANCE SHEETS
                    September 30, 1996 and December 31, 1995
                                   (Unaudited)
<TABLE>
<CAPTION>
                                                      September 30,    December 31,
                                                           1996            1995
                                                           ----            ----
<S>                                                    <C>             <C>   
ASSETS
------

Property, at cost:
     Land                                              $   746,000     $   746,000
     Buildings and improvements                          5,981,594       5,981,594
     Furniture, fixtures and equipment                     255,652         255,652
                                                       -----------     -----------
                                                         6,983,246       6,983,246
     Less accumulated depreciation                       1,288,259       1,110,360
                                                       -----------     -----------
          Property, net                                  5,694,987       5,872,886

Investments in real estate joint ventures                  366,448         440,646

Cash                                                       631,740         641,724
Accounts receivable - affiliate                            831,854         802,099
Property acquisition costs capitalized                        --              --
Mortgage costs, net of accumulated amortization
     of $176,264 and $86,425 respectively                   94,748         133,251
Other assets                                               173,131         158,147
                                                       -----------     -----------

             Total Assets                              $ 7,792,908     $ 8,048,753
                                                       ===========     ===========


LIABILITIES AND PARTNERS' CAPITAL
---------------------------------

Liabilities:
     Mortgages payable                                 $ 4,244,240     $ 4,263,769
     Accounts payable and accrued expenses                 365,113         261,611
     Security deposits and prepaid rents                    91,546          85,166
                                                       -----------     -----------
             Total Liabilities                           4,700,899       4,610,546
                                                       -----------     -----------

Partners' (Deficit) Capital:
     General partners                                      (91,768)        (81,382)
     Limited partners                                    3,183,777       3,519,589
                                                       -----------     -----------
            Total Partners' Capital                      3,092,009       3,438,207
                                                       -----------     -----------

            Total Liabilities and Partners' Capital    $ 7,792,908     $ 8,048,753
                                                       ===========     ===========

</TABLE>




                        See notes to financial statements


                                       -3-

<PAGE>

              REALMARK PROPERTY INVESTORS LIMITED PARTNERSHIP VI-B
                            STATEMENTS OF OPERATIONS
                 Three Months Ended September 30, 1996 and 1995
                                   (Unaudited)


                                                      Three Months  Three Months
                                                         Ended         Ended
                                                     September 30, September 30,
                                                          1996          1995
                                                          ----          ----

Income:
     Rental                                            $ 384,522      $ 403,293
     Interest and other income                            37,479         25,114
                                                       ---------      ---------
     Total income                                        422,001        428,407
                                                       ---------      ---------

Expenses:
     Property operations                                 268,156        213,077
     Interest                                            125,716         97,836
     Depreciation and amortization                        72,133         61,793
     Administrative:
          Paid to affiliates                              82,977        116,060
          Other                                           58,133         30,408
                                                       ---------      ---------
     Total expenses                                      607,115        519,174
                                                       ---------      ---------

Loss before allocated loss from joint venture           (185,114)       (90,767)

Allocated loss from joint ventures                       (47,159)       (32,357)
                                                       ---------      ---------

Net loss                                               $(232,273)     $(123,124)
                                                       =========      =========

Loss per limited partnership unit                      $   (2.87)     $   (1.52)
                                                       =========      =========

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

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



                        See notes to financial statements


                                       -4-

<PAGE>

              REALMARK PROPERTY INVESTORS LIMITED PARTNERSHIP VI-B
                            STATEMENTS OF OPERATIONS
                  Nine Months Ended September 30, 1996 and 1995
                                   (Unaudited)

                                                    Nine Months     Nine Months
                                                       Ended           Ended
                                                   September 30,   September 30,
                                                        1996            1995
                                                        ----            ----

Income:
     Rental                                         $ 1,177,898     $ 1,222,450
     Interest and other income                           97,113          89,573
                                                    -----------     -----------
     Total income                                     1,275,010       1,312,023
                                                    -----------     -----------

Expenses:
     Property operations                                698,271         629,946
     Interest                                           345,583         318,491
     Depreciation and amortization                      216,401         185,379
     Administrative:
          Paid to affiliates                            122,203         224,501
          Other                                         164,552         107,941
                                                    -----------     -----------
     Total expenses                                   1,547,010       1,466,258
                                                    -----------     -----------

Loss before allocated loss from joint venture          (272,000)       (154,235)

Allocated loss from joint ventures                      (74,198)        (56,412)
                                                    -----------     -----------

Net loss                                            $  (346,198)    $  (210,647)
                                                    ===========     ===========

Loss per limited partnership unit                   $     (4.27)    $     (2.60)
                                                    ===========     ===========

Distributions per limited partnership unit          $      --       $      6.86
                                                    ===========     ===========

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







                       See notes to financial statements


                                       -5-

<PAGE>

              REALMARK PROPERTY INVESTORS LIMITED PARTNERSHIP VI-B
                            STATEMENTS OF CASH FLOWS
                  Nine Months Ended September 30, 1996 and 1995
                                   (Unaudited)
<TABLE>
<CAPTION>
                                                              Nine Months     Nine Months
                                                                 Ended           Ended
                                                             September 30,   September 30,
                                                                  1996            1995
                                                                  ----            ----
<S>                                                           <C>             <C> 
Cash flow from operating activities:
     Net loss                                                 $  (346,198)    $  (210,647)

Adjustments to reconcile net loss to net cash
  provided by (used in) operating activities:
     Depreciation and amortization                                216,401         185,379
     Net loss from joint ventures                                  74,198          56,413
Changes in operating assets and liabilities:
     Accounts receivable                                             --              --
     Other assets                                                 (14,984)        (53,372)
     Accounts payable and accrued expenses                        103,501         132,282
     Security deposits and prepaid rent                             6,380         (11,818)
                                                              -----------     -----------
Net cash provided by (used in) operating activities                39,298          98,237
                                                              -----------     -----------

Cash flow from investing activities:
     Accounts receivable - affiliates                             (29,755)         55,377
     Capital expenditures                                            --              --
     Contributions to joint ventures, net of distributions           --              --
                                                              -----------     -----------
     Net cash (used in) provided by investing activities          (29,755)         55,377
                                                              -----------     -----------

Cash flows from financing activities:
     Distributions to partners                                       --          (540,529)
     Principal payments on mortgages                              (19,529)        (27,109)
                                                              -----------     -----------
Net cash (used in) financing activities                           (19,529)       (567,638)
                                                              -----------     -----------

Increase (decrease) in cash                                        (9,986)       (414,024)

Cash - beginning of period                                        641,726       1,895,609
                                                              -----------     -----------

Cash - end of period                                          $   631,740     $ 1,481,585
                                                              ===========     ===========


Supplemental Disclosure of Cash Flow Information:
     Cash paid for interest                                   $   344,342     $   283,733
                                                              ===========     ===========
</TABLE>



                        See notes to financial statements


                                       -6-



<PAGE>

              REALMARK PROPERTY INVESTORS LIMITED PARTNERSHIP VI-B
                    STATEMENTS OF PARTNERS' (DEFICIT) CAPITAL
                  Nine Months Ended September 30, 1996 and 1995
                                   (Unaudited)


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

Balance, January 1, 1995              $   (55,919)       78,625.1   $ 4,842,891

Distribution to partners                   (1,216)         --          (539,313)

Net loss                                   (6,319)         --          (204,328)
                                      -----------        --------   -----------

Balance, September 30, 1995           $   (63,454)       78,625.1   $ 4,099,250
                                      ===========        ========   ===========


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

Distribution to partners                     --            --              --

Net loss                                  (10,386)         --          (335,812)
                                      -----------        --------   -----------

Balance, September 30, 1996           $   (91,768)       78,625.1   $ 3,183,777
                                      ===========        ========   ===========




















                        See notes to financial statements


                                       -7-

<PAGE>

              REALMARK PROPERTY INVESTORS LIMITED PARTNERSHIP VI-B
                          NOTES TO FINANCIAL STATEMENTS
                  Nine Months Ended September 30, 1996 and 1995
                                   (Unaudited)


1.   GENERAL PARTNERS' DISCLOSURE

     In the opinion of the  General  Partners  of  Realmark  Property  Investors
     Limited Partnership VI-B, all adjustments necessary for a fair presentation
     of the Partnership's financial position,  results of operations and changes
     in cash flows for the nine month periods ended September 30, 1996 and 1995,
     have been made in the financial  statements.  Such financial statements are
     unaudited and subject to any year-end adjustments which may be necessary.


2.   FORMATION AND OPERATION OF PARTNERSHIP

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

     In November 1988, the Partnership commenced the public offering of units of
     limited partnership interest.  Other than matters relating to organization,
     it had no  business  activities  and,  accordingly,  had not  incurred  any
     expenses  or earned any income  until the first  interim  closing  (minimum
     closing) of the offering,  which occurred on February 2, 1989. The offering
     was concluded on February 28, 1990, at which time 78,625.1 units of limited
     partnership  interest were sold and  outstanding.  The General Partners are
     Realmark  Properties,  Inc., a  wholly-owned  subsidiary  of J.M.  Jayson &
     Company, Inc. and Joseph M. Jayson, the Individual General Partner.  Joseph
     M. Jayson is the sole shareholder of J.M. Jayson & Company, Inc.

     Under the partnership agreement,  the general partners and their affiliates
     can receive  compensation  for  services  rendered  and  reimbursement  for
     expenses incurred on behalf of the Partnership.



















                                       -8-

<PAGE>

     FORMATION AND OPERATION OF PARTNERSHIP (CONTINUED)

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

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

3.   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

     Cash
     ----

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

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

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













                                       -9-

<PAGE>

     SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

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

     Acquisition  fees  are  paid  to the  general  partner  as  properties  are
     specified,  which generally occurs when a contract to purchase the property
     is entered into. Acquisition fees are allocated to specific properties when
     actual  closing  takes place.  Acquisition  fees paid for  properties  that
     ultimately  are not acquired will be applied toward other  properties  that
     are  acquired  or  reallocated  to  existing  properties.   There  were  no
     capitalized acquisition fees at September 30, 1996.

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

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

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

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

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

     Due to the nature of these accounts, residential rents receivable are fully
     reserved as of September 30, 1996 and 1995.

     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  $1,955,636  and  $1,979,005 at September 30,
     1996 and 1995,  respectively,  providing for monthly principal and interest
     payments of $17,998,  bearing  interest at 9.875%.  The note  matures  July
     1998.

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

     A mortgage  with a balance of  $2,288,603  and  $2,292,599 at September 30,
     1996 and 1995,  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
                   ----             ------

                   1996             $      39,890
                   1997                    42,626
                   1998                 4,181,253
                                    -------------

                   TOTAL            $  4,263,769
                                    ============

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  $62,927 and $65,534 for the nine months ended  September  30, 1996
     and 1995, respectively.











                                      -11-

<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 nine months ended September 30, 1996 or 1995.

     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 $831,854 and $0 at September
     30, 1996 and 1995  respectively.  As of December 31, 1996, this balance has
     been fully reimbursed.

     Computer  service  charges for the  partnerships  are paid or accrued to an
     affiliate  of the  General  Partner.  The fee is based  upon the  number of
     apartment  units and totaled $4,752 for the nine months ended September 30,
     1996 and 1995.

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.













                                      -12-


<PAGE>

     INCOME TAXES (CONTINUED)

     The reconciliation of net loss for the nine months ended September 30, 1996
     and 1995 as  reported  in the  statements  of  operations,  and as would be
     reported for tax purposes, is as follows:


                                                  September 30,   September 30,
                                                       1996            1995
                                                       ----            ----

    Net loss - statement of operations            $  ( 346,198)   $  (210,647)

    Add to (deduct from):
       Difference in depreciation                    (     210)      (  7,350)
       Tax basis adjustments -
       Joint Ventures                                (   5,760)      (  6,180)
       Other non-deductible expenses                    42,087         42,002
                                                  ------------    -----------
 
    Net loss - tax return purposes                $   (310,081)   $  (182,175)
                                                  ============    =========== 


     The  reconciliation  of  Partners'  Capital as of  September  30,  1996 and
     December 31, 1995 as reported in the balance sheet, and as reported for tax
     purposes, is as follows:

                                                   September 30,   December 31,
                                                        1996           1995
                                                        ----           ----

    Partners' Capital - balance sheet             $  3,092,009   $  3,438,207

    Add to (deduct from):
       Accumulated difference in
       depreciation                                  (  67,026)     (  66,816)
       Tax basis adjustment -
       Joint Ventures                                (  51,001)     (  45,241)
       Syndication fees                              1,179,381      1,179,381
       Other non-deductible expenses                   219,298        177,211
                                                  ------------   ------------   

    Partners' Capital - tax return purposes       $  4,372,661   $  4,682,742
                                                  ============   ============




                                      -13-

<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.

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

     A summary of the assets,  liabilities  and  partner's  capital of the joint
     venture as of  September  30, 1996 and December 31, 1995 and the results of
     its operations for the nine months ended  September 30, 1996 and 1995 is as
     follows:






















                                      -14-

<PAGE>

                             FOX HUNT JOINT VENTURE
                                 BALANCE SHEETS
                    September 30, 1996 and December 31, 1995
<TABLE>
<CAPTION>

                                                             September 30,   December 31
                                                                 1996           1995
                                                                 ----           ----
<S>                                                          <C>             <C>    
ASSETS
------

    Cash and cash equivalents                                $   224,207     $   155,903
    Property, net of accumulated depreciation                  2,856,462       3,016,534
    Other assets                                               1,680,515       1,857,979
                                                             -----------     -----------

                   Total Assets                              $ 4,761,184     $ 5,030,416
                                                             ===========     ===========


LIABILITIES AND PARTNERS' CAPITAL
---------------------------------

Liabilities:
     Mortgage payable                                        $ 4,535,369     $ 4,555,682
     Accounts payable  and accrued expenses                      218,320         322,266
     Other liabilities                                            83,936          65,275
                                                             -----------     -----------
                   Total Liabilities                           4,837,625       4,943,223
                                                             -----------     -----------

Partners' Capital                                                (76,440)         87,193
                                                             -----------     -----------

                  Total Liabilities and Partners' Capital    $ 4,761,184     $ 5,030,416
                                                             ===========     ===========

</TABLE>
























                                      -15-

<PAGE>

                             FOX HUNT JOINT VENTURE
                            STATEMENTS OF OPERATIONS
                  Nine Months Ended September 30, 1996 and 1995


                                                  Nine Months      Nine Months
                                                     Ended            Ended
                                                 September 30,     September 30,
                                                      1996             1995
                                                      ----             ----

Income:
     Rental                                       $   946,123       $ 1,014,331
     Interest and other income                         51,087            62,809
                                                  -----------       -----------
     Total income                                     997,211         1,077,140
                                                  -----------       -----------

Expenses:
     Property operations                              532,010           618,029
     Depreciation and amortization                    166,368           168,717
     Interest                                         306,754           308,857
     Administrative                                   155,712           163,449
                                                  -----------       -----------
     Total expenses                                 1,160,844         1,259,052
                                                  -----------       -----------

Net loss                                          $  (163,633)      $  (181,912)
                                                  ===========       ===========



Allocation of net loss:

     The Partnership                              $   (18,818)      $   (20,920)
     Other Joint Venturer (RPILP II)                 (144,816)         (160,992)
                                                  -----------       -----------

                                                  $  (163,633)      $  (181,912)
                                                  ===========       ===========













                                      -16-

<PAGE>

     INVESTMENT IN JOINT VENTURES (CONTINUED)

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

                                                     1996            1995
                                                     ----            ----

    Investment in joint venture, January 1      $   386,061      $  417,159
    Allocation of net loss                          (18,818)        (20,920)
                                                -----------      ----------
 
    Investment in joint venture, September 30   $   367,243      $  396,239
                                                ===========      ========== 

     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 nine month period
     ended  September  30, 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.

     A summary of the assets,  liabilities  and  partners'  capital of the joint
     venture as of  September  30, 1996 and December 31, 1995 and the results of
     its operations for the nine months ended  September 30, 1996 and 1995 is as
     follows:












                                      -17-

<PAGE>

                             LAKEVIEW JOINT VENTURE
                                 BALANCE SHEETS
                    September 30, 1996 and December 31, 1995
<TABLE>
<CAPTION>

                                                                      September 30,    December 31,
                                                                           1996            1995
                                                                           ----            ----
<S>                                                                    <C>             <C> 
ASSETS
------

    Cash and cash equivalents                                          $      --       $     2,461
    Property, net of accumulated depreciation                            2,349,195       2,463,639
    Other assets                                                           445,484         429,110
                                                                       -----------     -----------

                   Total Assets                                        $ 2,794,679     $ 2,895,210
                                                                       ===========     ===========


LIABILITIES AND PARTNERS' CAPITAL
---------------------------------

Liabilities:
     Cash overdraft                                                    $    26,773     $      --
     Mortgage payable                                                    2,514,540       2,311,688
     Accounts payable  and accrued expenses                                264,275         279,426
     Accounts payable - affiliates                                         192,525         130,379
     Other liabilities                                                      49,696          85,414
                                                                       -----------     -----------
                   Total Liabilities                                     3,047,809       2,806,907
                                                                       -----------     -----------

Partners' Capital (Deficit):
     The Partnership                                                          (795)         54,585
     Other joint venturer                                                 (252,335)         33,718
                                                                       -----------     -----------
                  Total Partners' (Deficit) Capital                       (253,130)         88,303
                                                                       -----------     -----------

                  Total Liabilities and Partners' (Deficit) Capital    $ 2,794,679     $ 2,895,210
                                                                       ===========     ===========

</TABLE>













                                      -18-

<PAGE>

                             LAKEVIEW JOINT VENTURE
                            STATEMENTS OF OPERATIONS
                  Nine Months Ended September 30, 1996 and 1995


                                                   Nine Months      Nine Months
                                                      Ended            Ended
                                                  September 30,    September 30,
                                                       1996             1995
                                                       ----             ----

Income:
     Rental                                         $ 493,523         $ 655,265
     Interest and other income                         34,307            18,498
                                                    ---------         ---------
     Total income                                     527,831           673,763
                                                    ---------         ---------

Expenses:
     Property operations                              442,593           373,575
     Depreciation and amortization                    124,290           147,444
     Interest                                         176,390           207,006
     Administrative                                   125,992           164,554
                                                    ---------         ---------
     Total expenses                                   869,264           892,579
                                                    ---------         ---------

Net loss                                            $(341,433)        $(218,816)
                                                    =========         =========



Allocation of net loss:

     The Partnership                                $ (55,380)        $ (35,492)
     Other Joint Venturer                            (286,053)         (183,324)
                                                    ---------         ---------

                                                    $(341,433)        $(218,816)
                                                    =========         =========














                                      -19-


<PAGE>

     INVESTMENT IN JOINT VENTURES (CONTINUED)

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

                                                     1996            1995
                                                     ----            ----

    Investment in joint venture, January 1       $  54,585        $  97,210
    Allocation of net loss                         (55,380)         (35,492)
                                                 ---------        ---------

    Investment in joint venture, September 30    $ (   795)       $  61,718
                                                 =========        =========







































                                      -20-

<PAGE>

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


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

Financially,  the Partnership did not have a good quarter.  Revenue from rentals
was lower  than was  reported  in both the first and  second  quarters  of 1996.
Management is reacting to this situation by dealing with the two primary causes:
increases  in vacancies  and higher  delinquencies.  Concessions  continue to be
offered in hopes of attracting new tenants.  In addition,  advertising  has been
increased in local  apartment  guides to attract more traffic.  The staff at all
properties in the  Partnership  has been  instructed to  concentrate  heavily on
resident   retention  and   collections.   Tighter  credit  policies  are  being
implemented in an effort to avoid continued  delinquencies in the coming months.
Plans for  improvements  to the  properties  are well  underway as new  carpets,
appliances and fresh paint are regularly  being added.  Management has also made
several  personnel  changes  at the  properties  in  favor  of more  experienced
managers and leasing  agents.  Although  there is a heavy  emphasis being put on
increasing revenues, expenses continue to be closely monitored as well.

Due to the higher than  anticipated  loss incurred in the third quarter of 1996,
no  distributions  to partners were made.  The General  Partner does  anticipate
making distributions as soon as the properties begin generating more cash flow.

As was mentioned in previous quarters' reports, the General Partner has a signed
contract  for the sale of the Foxhunt  Apartments.  A closing  date has not been
set,  but  the  purchaser   continues  to  perform  due  diligence  and  regular
inspections.

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

For the  quarter  ended  September  30,  1996,  the  Partnership's  net loss was
$232,273 or $2.87 per limited  partnership  unit. Net loss for the quarter ended
September  30, 1995  amounted to $123,124 or $1.52 per unit.  For the nine month
period ended  September 30, 1996, the net loss was $346,198 or $4.27 per limited
partnership  unit as compared to $210,647 or $2.60 per limited  partnership unit
for the nine month period ended September 30, 1995.
















                                      -21-

<PAGE>

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

Partnership revenue for the quarter ended September 30, 1996 totaled $422,001, a
decrease of $6,406 from the 1995 amount of $428,407. Total rental revenue during
this quarter dropped  approximately  $18,700,  while other income increased just
over  $12,000.  For the first nine  months of 1996,  rental  revenue  dropped by
almost  $45,000;  other income  increased by $7,500.  The primary reason for the
decrease in rental revenue continues to be a decline in economic occupancy;  for
example, occupancy at Players Club averaged 89.3% for the third quarter of 1996,
which is a decrease of over 7% from the previous quarter  average.  Occupancy at
The Villas  remained  fairly  constant  between the second and third quarters of
1996.  The increase in other income can be attributed to additional  income from
laundry machines and larger  termination fees charged.  Management  continues to
offer  rental  concessions  and other  promotions  in an attempt to increase the
occupancies.

For the quarter  ended  September  30, 1996,  Partnership  expenses  amounted to
$607,115  which is an increase of almost  $88,000 over the same quarter in 1995.
For the nine month period ended  September 30, 1996,  Partnership  expenses also
increased  fairly  substantially;  the increase  amounted to just under $81,000.
During  this  quarter of 1996,  there was an  increase  in  property  operations
expenditures  of  approximately  $55,000.  As management  implements its plan to
continually  maintain  and  upgrade  the  properties,  increases  in repairs and
maintenance  expenses and contracted  services,  such as landscaping,  are being
seen; this trend is expected to continue,  but is being  controlled as contracts
with national  paint and carpet  companies are being used to bring down the cost
of such replacements and  improvements.  Administrative  expenses  continued the
trend that has been  prevalent  for this  category of expenses thus far in 1996.
Such costs  decreased for the first nine months of 1996 by just over $45,000.  A
large part of the decrease may be attributed  to a decrease in  management  fees
which have resulted from lower occupancies. Also responsible for the decrease is
a drop in investor  services and  brokerage  fees and portfolio  management  and
accounting expenses.

For the nine month period ended  September  30, 1996,  the Foxhunt Joint Venture
generated a loss of  $163,633  as  compared  to $181,912  for the same period in
1995.  This property  continues to suffer from low  occupancy and  difficulty in
collections.  Although an  improvement  can be seen from last year to this year,
management  feels  that  with  some  extra  effort in  marketing  the  property,
occupancy  should  increase.  Efforts to  increase  the  appeal of the  property
include  offering  rental   concessions,   additional  emphasis  on  advertising
campaigns,  and  implementation  of a plan for capital  improvements such as new
carpeting, appliances and improvements to landscaping.












                                     - 22 -

<PAGE>

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

The Lakeview  Joint Venture had a net loss of $341,433 for the nine month period
ended  September 30, 1996.  For the nine month period ended  September 30, 1995,
this  joint  venture  generated  a net loss of  $218,816.  The  Partnership  was
allocated  $55,380  and  $35,492  of the loss for the nine month  periods  ended
September 30, 1996 and 1995,  respectively.  Lakeview continued to struggle with
exceedingly low occupancy during the third quarter of 1996,  although management
believes based upon the number of pending rental applications that there will be
an upward turn in this trend during the final quarter of 1996.









































                                      -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
-----------------------------------------

Exhibit 27 - Financial Data Schedule (Electronic filing only)

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                       January 2, 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                       January 2, 1997  
      ------------------------------            ------------------------
      Joseph M. Jayson,                         Date
      President and Director



      /s/Michael J. Colmerauer                  January 2, 1997  
      ------------------------------            ------------------------
      Michael J. Colmerauer                     Date
      Secretary