UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 10-Q

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

For the quarterly period ended September 30, ~~2013~~2014

[ ] Transition report pursuant to section 13 or 15(d) of the Securities Exchange Act of 1934

For the transition period from ________________ to _______________

Commission File No. 33-26038.

DSI REALTY INCOME FUND XI

a California Limited Partnership

California		33-0324161
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)

6700 E. Pacific Coast Hwy., Long Beach, California 90803

(Address of principal executive offices)

Registrant’s telephone number, including area code (562) 493-8881

Indicate by check mark whether the issuer (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 check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Date File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (Section 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).

Yes [X] No [ ]

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company.

Large accelerated filer [ ] Accelerated filer [ ] Non-accelerated filer [ ] Smaller reporting company [X]

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes [ ] No [X]

The issuer is a limited partnership. All 20,000 limited partnership units originally sold for $500.00 per unit. There is no trading market for the limited partnership units.

Certain statements contained in this discussion or elsewhere in this report may be deemed “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Words and phrases such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “seeks”, “estimates”, “designed to achieve”, variations of such words and similar expressions are intended to identify such forward-looking statements, which generally are not historical in nature. All statements that address operating performance, events or developments that we expect or anticipate will occur in the future – including statements relating to rent and occupancy growth, general conditions in the geographic areas where we operate – are forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict.

Although we believe the expectations reflected in any forward-looking statements are based on reasonable assumptions, we can give no assurance that our expectations will be attained and therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. Many of the factors that may affect outcomes and results are beyond our ability to control.

PART I – FINANCIAL INFORMATION

ITEM 1. Financial Statements

DSI REALTY INCOME FUND XI
(A California Real Estate Limited Partnership)

CONDSENSED BALANCE SHEETS
UNAUDITED CONDSENSED BALANCE SHEETS
	As of September 30,	As of December 31,
	September 30, 2014	December 31, 2013
	2013	2012
		(Audited)
	(Unaudited)
ASSETS:
Cash	$ ~~371~~411,~~442~~123	$ ~~307~~269,~~881~~711
Property, net	1,~~975~~964,~~110~~766	1,~~985~~972,~~415~~205
Uncollected rental revenue	8068,~~552~~756	8789,~~996~~730
Prepaid advertising	5,998	3,298
Other assets	33,378	33,380
Other assets	33,380	33,380
TOTAL ASSETS	$ 2,478,023	$ 2,365,026
TOTAL ASSETS	$2,466,482	$2,417,970
LIABILITIES AND PARTNERS' EQUITY
LIABILITIES:
Distribution due to partners	$ 151,515	$ 151,515
Incentive management fee liability	13,636	2927,~~613~~273
Property management fee liability – related party	1011,~~513~~419	109,~~016~~466
Deferred income	3735,~~276~~135	3532,~~266~~127
Accrued expenses	2416,~~611~~713	1925,~~311~~186
Other liabilities	9173,~~868~~879	9383,~~374~~164
TOTAL LIABILITIES	~~329~~302,~~419~~299	~~339~~328,~~095~~731
PARTNERS' EQUITY:
General partners	(6867,~~296~~909)	(6869,~~878~~304)
Limited partners	2,~~205~~243,~~359~~635	2,~~147~~105,~~753~~599
Total partners' equity	2,~~137~~175,~~063~~726	2,~~078~~036,~~875~~295
Non-controlling interest in real estate joint venture	-	-
Total equity	2,175,726	2,036,295
Total equity	2,137,063	2,078,875
TOTAL LIABILITIES AND PARTNERS’ EQUITY	$ 2,478,023	$ 2,365,026
TOTAL LIABILITIES AND PARTNERS’ EQUITY	$2,466,482	$2,417,970

The accompanying notes are an integral part of these unaudited condensed financial statements

DSI REALTY INCOME FUND XI
(A California Real Estate Limited Partnership)

UNAUDITED CONDENSED STATEMENTS OF INCOME
		Three months ended September 30,		Nine months ended September 30,
	Three Months Ended September 30,
		2013	2012	2013	2012
	2014	2013
REVENUES
REVENUES:
Self-storage rental income	$ 534,163	$ 496,163	~~$ 468,125~~	~~$1,443,430~~	~~$1,396,621~~
Ancillary operating revenue	40,512	39,822	~~33,782~~	~~110,677~~	~~102,803~~
Interest and other income		-	-	-	6
TOTAL	$ 574,675	$ 535,985
TOTAL		535,985	501,907	1,554,107	1,499,430
EXPENSES:
EXPENSES
Depreciation	2,433	3,413
Depreciation		3,413	3,198	10,305	11,229
Operating	246,067	236,039
Operating		236,039	249,316	704,915	663,908
General and administrative	80,602	56,354
General and administrative		56,354	54,017	192,527	175,834
General partners' incentive management fee	13,640	13,637
General partners' incentive management fee		13,637	13,637	40,908	40,909
Property management fee – related party	34,529	30,548
Property management fee – related party		30,548	30,512	92,719	90,681
TOTAL	377,271	339,991
TOTAL		339,991	350,680	1,041,374	982,561
NET INCOME	$ 197,404	$195,994
NET INCOME		$ 195,994	$ 151,227	$ 512,733	$ 516,869
NET INCOME ATTRIBUTABLE TO THE PARTNERSHIP ALLOCATED TO:
Less: Net income attributable to non-controlling interest		-	-	-	-
General partners	1,974	1,960
NET INCOME ATTRIBUTABLE TO THE PARTNERSHIP		$ 195,994	$ 151,227	$ 512,733	$ 516,869
Limited partners	195,430	194,034
NET INCOME ATTRIBUTABLE TO THE PARTNERSHIP ALLOCATED TO:
TOTAL	$ 197,404	$ 195,994
General partners		$ 1,960	$ 1,512	$ 5,127	$ 5,169
Weighted average limited partnership units outstanding	20,000	20,000
Limited partners		194,034	149,715	507,606	511,700
NET INCOME ATTRIBUTABLE TO THE PARTNERSHIP PER LIMITED PARTNERSHIP UNIT	$ 9.77	$ 9.70
TOTAL		$ 195,994	$ 151,227	$ 512,733	$ 516,869
Weighted average limited partnership units outstanding		20,000	20,000	20,000	20,000
NET INCOME ATTRIBUTABLE TO THE PARTNERSHIP PER LIMITED PARTNERSHIP UNIT		$ 9.70	$ 7.49	$25.38	$25.59

The accompanying notes are an integral part of these unaudited condensed financial statements.

DSI REALTY INCOME FUND XI
(A California Real Estate Limited Partnership)

UNAUDITED CONDENSED STATEMENTS OF PARTNERS’ EQUITY (DEFICIT)
UNAUDITED CONDENSED STATEMENTS OF INCOME
	General Partners		Limited Partners	Non-controlling Interest	Total
	Nine Months Ended September 30,
BALANCE, December 31, 2012 (Audited)	$(68,878)		$2,147,753	$ -	$2,078,875
	2014	2013
Net Income Allocation	5,127		507,606	-	512,733
REVENUES:
Distributions	(4,545)		(450,000)	-	(454,545)
Self-storage rental income	$ 1,549,792	$ 1,443,430
BALANCE, September 30, 2013	$(68,296)		$2,205,359	$ -	$2,137,063
Ancillary operating revenue	121,730	110,667
TOTAL	1,671,522	1,554,107
EXPENSES:
Depreciation	7,439	10,305
Operating	719,579	704,915
General and administrative	209,563	192,527
General partners' incentive management fee	40,912	40,908
Property management fee – related party	100,053	92,719
TOTAL	1,077,546	1,041,374
NET INCOME	$ 593,976	$ 512,733
NET INCOME ATTRIBUTABLE TO THE PARTNERSHIP ALLOCATED TO:
General partners	5,940	5,127
Limited partners	588,036	507,606
TOTAL	$ 593,976	$ 512,733
Weighted average limited partnership units outstanding	20,000	20,000
NET INCOME ATTRIBUTABLE TO THE PARTNERSHIP PER LIMITED PARTNERSHIP UNIT	$ 29.40	$ 25.38

The accompanying notes are an integral part of these unaudited condensed ~~consolidated~~ financial statements.

DSI REALTY INCOME FUND XI
(A California Real Estate Limited Partnership)

UNAUDITED CONDENSED STATEMENTS OF CASH FLOWS
	General Partners	Limited Partners	Total
	Nine Months Ended September 30,
BALANCE, December 31, 2013 (Audited)	$(69,304)	$ 2,105,599	$ 2,036,295
	2013	2012
Net Income Allocation	5,940	588,036	593,976
OPERATING ACTIVITIES:
Distributions	(4,545)	(450,000)	(454,545)
Net income attributable to the partnership	$ 512,733	$ 516,869
BALANCE, September 30, 2014	$(67,909)	$ 2,243,635	$ 2,175,726
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	10,305	11,229
Net income attributable to non-controlling interests	-	-
Changes in assets and liabilities:
Other assets	4,744	(1,689)
Incentive management fee payable to general partners	(15,977)	4,546
Property management fees payable	497	480
Customer deposits and other liabilities	5,804	40
Net cash provided by operating activities	518,106	531,475
INVESTING ACTIVITIES:
Additions to property	-	-
Net cash used in investing activities	-	-
FINANCING ACTIVITIES:
Distributions to partners	(454,545)	(455,295)
Distributions paid to non-controlling interest	-	-
Net cash used in financing activities	(454,545)	(455,295)
NET INCREASE IN CASH	63,561	76,180
CASH AT BEGINNING OF PERIOD	307,881	303,356
CASH AT END OF PERIOD	$ 371,442	$ 379,536
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Cash paid for interest	$ -	$ -
NON CASH INVESTING AND FINANCING ACTIVITIES:
Distributions due partners included in partners' equity	$151,515	$151,515

The accompanying notes are an integral part of these unaudited condensed financial statements

DSI REALTY INCOME FUND XI
(A California Real Estate Limited Partnership)

NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS September 30, 2013

UNAUDITED CONDENSED STATEMENTS OF CASH FLOWS
	Nine Months Ended September 30,
	2014	2013

CASH FLOWS FROM OPERATING ACTIVITIES:
Net income attributable to the partnership	$ 593,976	$ 512,733
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	7,439	10,305
Changes in assets and liabilities:
Uncollected rental revenue, prepaid advertising and Other assets	20,974	4,744
Incentive management fee payable to general partners	(13,635)	(15,977)
Property management fees payable	1,953	497
Customer deposits, accrued expenses and other liabilities	(14,750)	5,804
Net cash provided by operating activities	595,957	518,106

CASH FLOWS FROM FINANCING ACTIVITIES:
Distributions to partners	(454,545)	(454,545)
Net cash used in financing activities	(454,545)	(454,545)

NET INCREASE IN CASH	141,412	63,561
CASH AT BEGINNING OF PERIOD	269,711	307,881
CASH AT END OF PERIOD	$ 411,123	$ 371,442
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Cash paid for interest	$-	$-
NON CASH INVESTING AND FINANCING ACTIVITIES:
Distributions due partners included in partners' equity	$151,515	$151,515

The accompanying notes are an integral part of these unaudited condensed financial statements

DSI REALTY INCOME FUND XI
(A California Real Estate Limited Partnership)

NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

September 30, 2014

1. GENERAL

DSI Realty Income Fund XI (the "Partnership") is a publicly-held limited partnership organized under the California Uniform Limited Partnership Act pursuant to a Certificate and Agreement of Limited Partnership (hereinafter referred to as "Agreement") dated December 7, 1988. The General Partners are DSI Properties, Inc., a California corporation and RJC Capital Management, LLC and JWC Capital Management, LLC.

DSI Properties, Inc. is an affiliate of Diversified Securities, Inc., a wholly-owned subsidiary of DSI Financial, Inc. The General Partners provide similar services to other partnerships. Through its public offering of Limited Partnership Units, Registrant sold twenty thousand (20,000) units of limited partnership interests aggregating Ten Million Dollars ($10,000,000). The General Partners have retained a one percent (1%) interest in all profits, losses and distributions (subject to certain conditions) without making any capital contribution to the Partnership. The General Partners are not required to make any capital contributions to the Partnership in the future.

The Partnership has entered into four joint venture arrangements with affiliates of Dahn Corporation ("Dahn"). The Partnership and its joint venture partners have acquired mini-storage properties located in Whittier, California; Edgewater, New Jersey; Bloomingdale, Illinois; and Sterling Heights, Michigan. The properties were acquired from Dahn.

Pursuant to the terms of each joint venture agreement, annual profits (before depreciation) of each joint venture will be allocated to the Joint Venture Partners on the basis of actual distributions received, while annual losses (before depreciation) are to be allocated in proportion to the ownership percentages as specified below. Cash distributions are to be made to each Joint Venture Partner based upon each Joint Venture Partner's ownership percentage. However, the Joint Venture Partners have subordinated their rights to any distributions to the Partnership's receipt of an annual, noncumulative, 8% return (7.75% for the Whittier Mini Property) from the operation of the joint ventures. A non-controlling interest in real estate joint venture is recorded to the extent of any distributions due to the Joint Venture Partners. As of September 30, ~~2013~~2014, no non-controlling interest in real estate joint venture was recorded as the requirements under the subordination agreement had not been met. The Joint Venture Partners are also entitled to receive a percentage, based upon a pre-determined formula, of the net proceeds from the sale of the properties.

The accompanying unaudited ~~consolidated~~ interim financial statements have been prepared by the Partnership's management in accordance with accounting principles ~~generally~~ generally accepted in the United States of America ("GAAP") and in conjunction with the rules and regulations of the ~~Securities~~ Securities and Exchange Commission ("SEC"). Certain information and footnote disclosures required for annual financial ~~statements~~ statements have been condensed or excluded pursuant to SEC rules and regulations. Accordingly, the unaudited interim ~~consolidated~~ financial statements do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, the accompanying unaudited ~~consolidated~~ interim financial statements reflect all adjustments of a normal and recurring nature which are considered necessary for a fair presentation of the results for the interim periods presented. However, the results of operations for the interim periods are not necessarily indicative of the results that may be expected for the year ending December 31, ~~2013~~2014. These unaudited interim ~~consolidated~~ financial statements should be read in conjunction with the audited financial statements and notes thereto included in the Partnership's annual report on Form 10-K for the year ended December 31, ~~2012~~2013.

Significant Accounting Policies

~~The~~Revenue ~~Partnership~~recognition ~~has adopted Accounting Standards Update 2011~~-~~05,~~ ~~Comprehensive Income (Topic 220): Presentation of Comprehensive~~Revenue ~~Income.~~is ~~For~~recognized using the ~~three~~accrual ~~months~~method ~~ended~~based ~~September~~on ~~30,~~contractual ~~2013~~amounts ~~and~~provided ~~2012~~for ~~comprehensive~~in ~~income~~the ~~equaled~~lease ~~net income~~agreements, aswhich ~~the~~approximates ~~Partnership had~~recognition noon ~~other~~a ~~comprehensive~~straight-line ~~income~~basis. AsThe term of ~~September~~the ~~30,~~lease ~~2013~~agreements ~~and~~is ~~December~~usually ~~31,~~less ~~2012,~~than ~~accumulated~~one ~~other comprehensive income was $0~~year.

The Partnership has adopted Accounting Standards Update 2011-05, Comprehensive Income (Topic 220): Presentation of Comprehensive Income. For the three months ended September 30, 2014 and 2013 comprehensive income equaled net income, as the Partnership had no other comprehensive income. As of September 30, 2014 and December 31, 2013, accumulated other comprehensive income was $0.

ASC 825-10 (formerly SFAS 107, “Disclosures about Fair Value of Financial Instruments”) defines financial instruments and requires disclosure of the fair value of financial instruments held by the Partnership. The Partnership considers the carrying amount of cash, accounts receivable, other receivables, accounts payable and accrued liabilities, to approximate their fair values because of the short period of time between the origination of such instruments and their expected realization.

Recent Accounting Pronouncements

In ~~April~~February ~~2013~~2014, the ~~Financial~~FASB ~~Accounting~~issued ~~Standards~~ASU ~~Board~~2014-04 Liabilities (~~“FASB”~~Topic 405): ~~issued~~Obligations ~~Accounting~~Resulting ~~Standards~~from ~~Update~~Joint ~~(“ASU”)~~and ~~2013-07~~Several ~~Presentation~~Liability ofArrangements ~~Financial~~for ~~Statements~~Which the Total Amount ~~(Topic~~of ~~205):~~the ~~Liquidation~~Obligation ~~Basis~~Is ofFixed ~~Accounting~~at the Reporting Date, in order to ~~clarify~~provide ~~when~~guidance anfor ~~entity~~the ~~should~~recognition, ~~apply~~measurement, ~~the~~and ~~liquidation~~disclosure of ~~basis~~obligations ofresulting ~~accounting. In~~from ~~addition,~~joint ~~the~~and ~~guidance~~several ~~provides~~liability ~~principles~~arrangements for which the ~~recognition~~total ~~and~~amount ~~measurement~~of the obligation within the scope of ~~assets~~this ~~and~~guidance ~~liabilities~~is ~~and~~fixed ~~requirements~~at the reporting date, except for ~~financial~~ ~~statements~~obligations ~~prepared~~addressed ~~using~~within ~~the~~existing ~~liquidation~~guidance ~~basis~~in ofU.S. generally accepted accounting principles (GAAP). The amendments in this Update are effective for ~~entities~~fiscal ~~that~~years, ~~determine liquidation~~and isinterim ~~imminent~~periods ~~during~~within those ~~annual~~years, ~~reporting periods~~ beginning after December 15, ~~2013, and interim reporting periods therein~~2014. The Partnership does not expect the adoption of the standard update to have a material impact on its financial position or results of operations.

In February ~~2013~~2014, the FASB issued ASU ~~2013~~2014-0402 ~~Liabilities~~Comprehensive Income (Topic ~~405~~220): ~~Obligations~~Reporting ~~Resulting~~of ~~from~~Amounts ~~Joint~~Reclassified ~~and~~Out ~~Several~~of ~~Liability~~Accumulated ~~Arrangements~~Other ~~for~~Comprehensive Income, ~~Which~~in order to improve the ~~Total Amount~~reporting of ~~the~~reclassifications ~~Obligation~~out Isof ~~Fixed~~accumulated atother ~~the~~comprehensive ~~Reporting~~income. ~~Date,~~The amendments in this ~~order~~Update seek to ~~provide~~attain ~~guidance~~that ~~for~~objective by requiring an entity to report the ~~recognition,~~effect ~~measurement,~~of ~~and~~significant ~~disclosure~~ reclassifications out of ~~obligations~~accumulated other ~~resulting~~comprehensive ~~from~~income ~~joint~~on ~~and~~the ~~several~~respective ~~liability~~line ~~arrangements~~items ~~for~~in ~~which~~net ~~the~~income ~~total~~if the amount ofbeing ~~the~~reclassified ~~obligation~~is ~~within~~required ~~the~~under U.S. generally ~~scope~~accepted ofaccounting ~~this~~principles ~~guidance~~(GAAP) isto ~~fixed~~be atreclassified in its entirety to net income. For other amounts that are not required under U.S. GAAP to be reclassified in their entirety to net income in the same reporting ~~date~~period, ~~except~~an ~~for~~entity ~~obligations~~is ~~addressed~~required ~~within~~to ~~existing~~cross-reference other ~~guidance~~disclosures inrequired under U.S. ~~generally~~GAAP that provide additional detail about those amounts. This would be the case when a portion ~~accepted~~of ~~accounting~~the ~~principles~~amount reclassified out of accumulated other comprehensive income is reclassified to a balance sheet account (~~GAAP~~for example, inventory). ~~The~~instead ~~amendments~~of indirectly ~~this~~to ~~Update~~income ~~are~~or ~~effective~~expense ~~for~~in ~~fiscal~~the ~~years,~~same ~~and~~reporting ~~interim~~period. ~~periods~~The ~~within~~amendments are effective prospectively for ~~those~~reporting ~~years,~~periods beginning after December 15, 2013. The Partnership ~~does~~considers ~~not expect~~ the adoption of the standard update todoes ~~have~~not ~~a material~~ impact on its financial position or results of operations.

In ~~February~~April ~~2013~~2014, the ~~FASB~~Financial Accounting ~~issued~~Standards ~~ASU~~Board ~~2013-02 Comprehensive Income~~ (~~Topic 220~~“FASB”): ~~Reporting~~issued ofAccounting ~~Amounts~~Standards ~~Reclassified~~Update ~~Out~~(“ASU”) of2014-07 ~~Accumulated~~Presentation ~~Other~~of ~~Comprehensive~~Financial ~~Income,~~Statements in(Topic ~~order~~205): toLiquidation ~~improve~~Basis ~~the reporting~~ of ~~reclassifications~~Accounting, ~~out of accumulated other comprehensive income. The amendments~~ in ~~this~~order ~~Update seek~~ to ~~attain~~clarify ~~that~~when ~~objective by requiring~~ an entity toshould ~~report~~apply the ~~effect~~liquidation ofbasis ~~significant reclassifications out~~ of ~~accumulated other~~accounting. ~~comprehensive~~In ~~income~~addition, on the ~~respective~~guidance ~~line~~provides ~~items~~principles infor ~~net~~the ~~income~~recognition ifand ~~the~~measurement ~~amount~~of ~~being~~assets ~~reclassified~~and isliabilities ~~required~~and ~~under~~requirements ~~U.S. generally~~for ~~accepted~~financial ~~accounting~~statements ~~principles~~prepared ~~(GAAP)~~using tothe beliquidation ~~reclassified~~basis inof ~~its entirety to net income~~accounting. ~~For~~The ~~other~~amendments ~~amounts that~~ are ~~not~~effective ~~required under~~for ~~U.S.~~entities ~~GAAP to be reclassified in their entirety to net income in the same reporting period, an entity is required to cross-reference other disclosures required under U.S. GAAP~~ that ~~provide additional detail about those amounts. This would be the case when a portion~~determine ofliquidation ~~the amount reclassified out of accumulated other comprehensive income~~ is ~~reclassified~~imminent toduring aannual ~~balance sheet account (for example, inventory) instead of directly to income or expense in the same~~ reporting ~~period. The amendments are effective prospectively for reporting~~ periods beginning after December 15, ~~2012.~~2014, and interim reporting periods therein. The Partnership ~~considers~~does not expect the adoption of the standard update ~~does~~to ~~not~~have a material impact on its financial position or results of operations.

In ~~July~~ ~~2013~~April 2014, the FASB ~~has~~ issued ASU ~~No. 2013~~2014-1108, "Presentation ~~Income~~of ~~Taxes~~Financial Statements (Topic ~~740~~205)~~—Presentation~~ ofand anProperty, ~~Unrecognized~~Plant ~~Tax~~and ~~Benefit~~Equipment ~~When a Net Operating Loss Carryforward or Tax Credit Carryforward Exists~~ (aTopic ~~consensus of the FASB Emerging Issues Task Force~~360),." ~~which finalizes Proposed~~ ASU ~~No. EITF~~2014-~~13C,~~08 ~~and~~amends the ~~provides~~requirements ~~explicit~~for ~~guidance~~reporting ~~regarding~~discontinued ~~the~~operations ~~presentation~~and inrequires ~~the~~additional ~~statement~~disclosures ofabout ~~financial~~discontinued ~~position~~operations. Under ofthe annew ~~unrecognized~~guidance, ~~tax~~only ~~benefit~~disposals ~~when~~representing a ~~net~~strategic ~~operating~~shift ~~loss~~in ~~carryforward~~operations or ~~a tax credit carryfoward exists. ASU No. 2013-11 applies prospectively to all entities~~ that have ~~unrecognized tax benefits when~~ a ~~net~~major ~~operating~~effect ~~loss~~on ~~carryforward,~~the aCompany's ~~similar tax loss, or~~operations aand ~~tax~~financial ~~credit~~results ~~carryforward~~should ~~exists~~be atpresented ~~the~~as ~~reporting~~discontinued ~~date~~operations. ~~Retrospective~~This ~~application~~new isaccounting ~~also~~guidance ~~permitted. Further, ASU No. 2013-11~~ is effective for ~~fiscal~~annual ~~years, and interim~~ periods ~~within those years,~~ beginning after December 15, ~~2013~~2014. ~~Early~~The adoption isof ~~permitted. The~~this ~~Partnership~~guidance ~~considers~~is ~~the~~not ~~adoption~~expected ofto ~~the~~have ~~standard~~a ~~update~~material ~~will not~~ impact on its financial ~~position or results of operations~~statements.

In July 2014, the FASB has issued ASU No. 2014-11, Income Taxes (Topic 740)—Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward or Tax Credit Carryforward Exists (a consensus of the FASB Emerging Issues Task Force), which finalizes Proposed ASU No. EITF-13C, and provides explicit guidance regarding the presentation in the statement of financial position of an unrecognized tax benefit when a net operating loss carryforward or a tax credit carryforward exists. ASU No. 2014-11 applies prospectively to all entities that have unrecognized tax benefits when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists at the reporting date. Retrospective application is also permitted. Further, ASU No. 2014-11 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2014. Early adoption is permitted. The Partnership considers the adoption of the standard update will not impact its financial position or results of operations.

2. PROPERTY

The Partnership holds a 90% interest in a joint venture that owns a mini-storage facility in Whittier, California; an 85% interest in an operating mini-storage in Edgewater Park, New Jersey; a 90% interest in an operating mini-storage facility in Bloomingdale, Illinois; and a 75% interest in an operating mini-storage in Sterling Heights, Michigan. Depreciation is calculated using the straight-line method over the estimated useful life of 20 years. Property under capital leases is amortized over the lives of the respective leases. The total cost of property and accumulated depreciation at September 30, ~~2013~~2014 and December 31, ~~2012~~2013, were as follows:

	September 30, 2013	December 31, 2012
	September 30, 2014	December 31, 2013
Land	$ 1,894,250	$ 1,894,250
Buildings and improvements	6,725,753	6,725,753
Rental trucks under capital leases	_ 163,382	_ 163,382
Total	8,783,385	8,783,385
Less accumulated depreciation	(6,~~808~~818,~~275~~619)	(6,~~797~~811,~~970~~180)
Property, net	$ 1,~~975~~964,~~110~~766	$ 1,~~985~~972,~~415~~205

3. NET INCOME PER LIMITED PARTNERSHIP UNIT

Net income per limited partnership unit is calculated by dividing the net income allocated to the limited partners by the number of limited partnership units outstanding during the period.

4. ALLOCATION OF PROFITS AND LOSSES AND GENERAL PARTNERS' INCENTIVE MANAGEMENT FEE

Under the Agreement of Limited Partnership, the general partners are to be allocated 1% of the net profits or losses from operations, and the limited partners are to be allocated the balance of the net profits or losses from operations in proportion to their limited partnership interests. The general partners are also entitled to receive a percentage, based on a predetermined formula, of any cash distribution from the sale, other disposition, or refinancing of the project.

In addition, the general partners are entitled to receive an incentive management fee for supervising the operations of the Partnership. The fee is to be paid in an amount equal to 9% per annum of the cash distributions to limited partners in the fund.

5. RELATED-PARTY TRANSACTIONS

The Partnership has entered into a management agreement with Dahn to operate its mini-storage facilities. The management agreement provides for a management fee equal to 6% of gross revenue from operations, which is defined as the entire amount of all receipts from the renting or leasing of storage compartments and sale of locks. The management agreement is renewable annually. Dahn earned management fees equal to $92100,~~719~~053 and $9092,~~681,~~719 for the nine month periods ended September 30, ~~2013~~2014 and ~~2012~~2013, respectively. Amounts payable to Dahn at September 30, ~~2013~~2014 and December 31, ~~2012~~2013 were $1011,~~513~~419 and $109,~~016~~466, respectively.

Beginning in July 2011, the General Partner, DSI Properties, Inc. performs all tax related work with respect to the Partnership. These services are paid monthly in the amount of $2,313. Tax fees paid to DSI Properties, Inc. for the nine month period ended September 30, ~~2013~~2014 ~~and 2012~~ were $20,817. 6. SUBSEQUENT EVENTS

InEvents ~~November~~subsequent ~~2013~~to ~~the~~September 30, ~~Partnership~~2014, ~~began~~have ~~the process~~been ofevaluated ~~obtaining~~through anthe ~~open~~date ~~market~~these ~~valuation~~unaudited ofinterim ~~the~~financial ~~self~~statements ~~storage~~were ~~properties~~issued ~~portfolio~~to ~~(the~~determine ~~“Properties”).~~whether ~~In this~~they ~~regard,~~should ~~the~~be ~~Partnership~~disclosed ~~has~~to ~~retained~~keep ~~Bancap~~the ~~Self~~unaudited ~~Storage~~interim ~~Group,~~financial ~~Inc.~~statements ~~(“Bancap”)~~from asbeing ~~their valuation consultant~~misleading. ~~Bancap is an industry leader in self storage property sales and marketing~~Consequently, ~~and~~management is ~~uniquely positioned to obtain~~ providing the ~~best~~following ~~indication of potential market value.~~information:

~~Once~~In November of 2013 we notified you of our intent to seek a current market valuation of the ~~analysis~~Properties ~~has~~within ~~been~~your ~~completed~~Fund. The financial advisor we retained, ~~the~~Bancap, ~~General~~helped us complete this procedure ~~Partners~~and ~~will~~we ~~inform~~have entered into a preliminary purchase and sale agreement with a third party. That third party has concluded its due diligence on the ~~Limited~~properties. ~~Partners~~We ashave tofiled preliminary proxy material with the ~~strategic~~SEC ~~options~~and ~~that~~are ~~may~~currently beawaiting ~~available~~final socomments. ~~that~~Once ~~any~~final comments ~~recommendation~~are ~~can~~received, a definitive proxy including the terms and conditions of the transactions will be ~~presented~~ filed and mailed to the Limited Partners. Any sale would require approval by the holders of a majority of the Limited Partnership Units.

ITEM 2. ~~Management’s~~MANAGEMENT'S ~~Discussion~~DISCUSSION AND ~~and~~ANALYSIS ~~Analysis~~OF ofFINANCIAL ~~Financial~~CONDITION ~~Condition~~AND ~~and~~RESULTS ~~Results~~OF ~~of Operations~~OPERATIONS

Critical Accounting Policies

Revenue recognition - Revenue is recognized using the accrual method based on contractual amounts provided for in the lease agreements, which approximates recognition on a straight-line basis. The term of the lease agreements is usually less than one year.

RESULTS OF OPERATIONS

~~2013~~2014 COMPARED TO ~~2012~~2013

For the three-month periods ended September 30, ~~2013~~2014 and ~~2012~~2013, revenues increased 67.82% to $~~535~~574,~~985~~675 from $~~501~~535,~~907~~985 and total expenses ~~decreased~~increased 311.0% to $~~339~~377,~~991~~271 from $~~350~~339,~~680~~991 resulting in aan increase in net income of 290.67% to $~~195~~197,~~994~~404 from $~~151~~195,~~227~~994. Rental revenues increased primarily as a result of higher unit rental and occupancy rates. Occupancy levels for the Partnership's mini-storage facilities averaged 8188.01% for the three-month period ended September 30, ~~2013~~2014, compared to 7281.80% for the same period in ~~2012~~2013. Operating expenses ~~decreased~~ increased $1310,~~277~~028 or 54.32% primarily due to ~~decreases~~increases in advertising, ~~repair~~and salary and ~~maintenance~~wages ~~and~~expenses; ~~workers~~partially ~~compensation~~offset ~~insurance~~by ~~expenses~~an decrease in repair and maintenance expense. General and administrative expenses increased $224,~~337~~248 or 443.30% primarily as a result of ~~increases~~a increase in legal and professional expenses. For the nine-month periods ended ~~September~~June 30, ~~2013~~2014 and ~~2012~~2013, revenues increased 37.6% to $1,~~554~~671,~~107~~ 522 from $1,~~499~~554,~~430~~107 and total expenses increased 63.05% to $1,~~041~~077,~~374~~546 from $~~982~~1,~~561~~041,374 resulting in ana ~~decrease~~increase in net income of 015.8% to $~~512~~593,~~733~~976 from $~~516~~512,~~869~~733. Rental revenues increased primarily as a result of higher unit rental and occupancy rates. Occupancy levels for the Partnership's mini-storage facilities averaged 7686.76% for the nine-month period ended September 30, ~~2013~~2014, compared to 7276.57% for the same period in ~~2012~~2013. Operating expenses increased $4114,~~007~~664 or 6.2.1% primarily due to increases in ~~fire~~advertising, salary and ~~liability insurance~~wages, ~~repair~~power ~~and~~sweep ~~maintenance,~~/ ~~real~~snow ~~estate~~plow ~~taxes~~ and ~~salaries~~rental ~~and~~unit ~~wages~~insurance expenses; partially offset by decreases in ~~advertising~~repair and maintenance expenses. General and administrative expenses increased $1617,~~693~~036 or 98.58% primarily as a result of ana increase in legal and professional ~~and administration~~ expenses~~; partially offset by a decrease in bank account maintenance fee expenses~~.

The General Partners plan to continue their policy of funding the continuing improvement and maintenance of Partnership properties with cash generated from operations. In addition, the Partnership is continuing its marketing efforts to attract and keep new tenants in its various mini-storage facilities.

ITEM 3. ~~Quantitative~~QUANTITATIVE ~~and~~AND ~~Qualitative~~QUALITATIVE ~~Disclosures~~DISCLOSURES ~~about~~ABOUT ~~Market~~MARKET ~~Risk~~RISK

Not required.

ITEM 4. ~~Controls~~CONTROLS ~~and~~AND ~~Procedures~~PROCEDURES

Evaluation of Disclosure Controls and Procedures

The Partnership’s management, with the participation of the principal executive officer and principal financial officer of DSI Properties, Inc., its General Partner, who are the equivalent of the Partnership’s principal executive officer and principal financial officer, respectively, has evaluated the effectiveness of the Partnership’s disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) as of the end of the period covered by this report. Based on such evaluation, the principal executive officer and principal financial officer of the General Partner, who are the equivalent of the Partnership’s principal executive officer and principal financial officer, respectively, concluded that, as of the end of such period, the Partnership’s disclosure controls and procedures were effective.

Changes in Internal Control over Financial Reporting.

There have been no significant changes in the Partnership’s internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) during the reporting period that have materially affected, or are reasonably likely to materially affect, the Partnership’s internal control over financial reporting.

PART II – OTHER INFORMATION

ITEM 1. ~~Legal~~LEGAL ~~Proceedings~~PROCEEDINGS

Registrant is not a party to any material pending legal proceedings.

ITEM 1A. ~~Risk~~RISK ~~Factors~~FACTORS

Not required.

ITEM 2. ~~Unregistered~~UNREGISTERED ~~Sales~~SALES ofOF ~~Equity~~EQUITY ~~Securities~~SECURITIES ~~and~~AND ~~Use~~USE ofOF ~~Proceeds~~PROCEEDS

None.

ITEM 3. ~~Defaults~~DEFAULTS ~~Upon~~UPON ~~Senior~~SENIOR ~~Securities~~SECURITIES

None.

ITEM 4. (~~Removed~~REMOVED ~~and~~AND ~~Reserved~~RESERVED)

ITEM 5. ~~Other~~OTHER ~~Information~~INFORMATION

None.

ITEM 6. ~~Exhibits~~EXHIBITS

(a) Exhibits

31.1 Rule 13a-14(a)/15d-14(a) Certification: Principal Executive Officer 31.2 Rule 13a-14(a)/15d-14(a) Certification: Principal Financial Officer 32.1 Section 1350 Certification: Principal Executive Officer 32.2 Section 1350 Certification: Principal Financial Officer 101~~.INS XBRL~~ ~~Instance~~The Document*unaudited financial statements and footnotes from the Partnership’s Quarterly Report on Form 10-Q for the quarter ~~101.SCH~~ ended September 30, 2014 formatted in Extensible Business Reporting Language (XBRL): ~~Taxonomy~~(i) Unaudited ~~Extension~~Condensed ~~Schema~~Balance Document*Sheets; ~~101.CAL XBRL~~(ii) Unaudited ~~Taxonomy~~Condensed ~~Extension~~Statements ~~Calculation~~of ~~Linkbase~~Income; ~~Document* 101.DEF XBRL~~(iii) Unaudited ~~Taxonomy~~Condensed ~~Extension~~Statements ~~Definition~~of ~~Linkbase~~Stockholders’ Document*Equity; (iv) ~~101.LAB XBRL~~Unaudited ~~Taxonomy~~Condensed ~~Extension~~Statements ~~Label~~of ~~Linkbase~~Cash ~~Document* 101.PRE XBRL~~Flows; ~~Taxonomy~~and ~~Extension~~(v) the ~~Presentation~~Notes ~~Linkbase~~to ~~Document~~Unaudited Condensed Financial Statements, tagged as blocks of text.*

*Pursuant to Rule 406T of Regulation S-T, the Interactive Data Files on Exhibit 101 hereto are deemed not filed or part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, are deemed not filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and otherwise are not subject to liability under those sections.

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.

DSI REALTY INCOME FUND XI,
a California Limited Partnership
by: DSI Properties, Inc., a California Corporation, as General Partner

By: /s/ ROBERT J. CONWAY ~~Dated: November 14, 2013 ROBERT J. CONWAY, President (Chief Executive Officer and Director)~~

~~By: /s/ RICHARD P. CONWAY~~ Dated: ~~November~~September 14, ~~2013 RICHARD P. CONWAY, Executive Vice President (Chief Financial Officer and Director)~~2014

~~EXHIBIT~~ROBERT 31J.~~1 Rule~~ ~~13a-14~~CONWAY, President (~~a)/15d-14(a)~~Chief ~~Certification~~Executive Officer and Director)

I,By: ~~Robert~~/s/ JRICHARD P. ~~Conway,~~CONWAY ~~certify that:~~

1.Dated: ISeptember ~~have~~14, ~~reviewed this Quarterly Report on Form 10-Q of DSI Realty Income Fund XI;~~2014

2RICHARD P. ~~Based on my knowledge~~CONWAY, ~~this~~ ~~report~~Executive ~~does~~Vice ~~not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements~~President ~~made,~~(Chief inFinancial ~~light~~Officer ofand ~~the circumstances under which such statements were made, not misleading with respect to the period covered by this report.~~Director)

3.EXHIBIT ~~Based on my knowledge,~~31.1 ~~the~~Rule ~~financial~~13a-14(a)/15d-14(a) statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report.Certification

~~4. The registrant's other certifying officer and~~ I, ~~are~~Robert ~~responsible~~J. for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15e and 15d-15e) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f))Conway, ~~for~~ ~~the registrant and have~~certify that:

a)1. ~~designed~~I ~~such~~have ~~disclosure controls~~reviewed ~~and~~this ~~procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that~~Quarterly ~~material~~Report ~~information~~on ~~relating~~Form to10-Q ~~the~~of ~~registrant,~~DSI ~~including~~Realty ~~its~~Income ~~consolidated~~Fund ~~subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared~~XI;

b)2. ~~designed~~Based ~~such~~on ~~internal~~my knowledge, ~~control~~this ~~over~~report ~~financial~~does ~~reporting,~~not orcontain ~~caused~~any ~~such~~untrue ~~internal~~statement ~~control~~of ~~over~~a ~~financial~~material ~~reporting~~fact toor beomit ~~designed~~to ~~under~~state mya ~~supervision, to~~material ~~provide~~fact ~~reasonable~~necessary ~~assurance~~to ~~regarding~~make the ~~reliability~~statements made, ofin ~~financial~~light ~~reporting~~of ~~and~~ the ~~preparation~~circumstances ofunder ~~financial~~which such statements ~~for external~~were ~~purposes~~made, innot ~~accordance~~misleading with ~~generally~~respect ~~accepted~~to ~~accounting~~the ~~principles;~~period covered by this report.

~~c) evaluated the~~3. ~~effectiveness~~Based ofon my knowledge, the ~~registrant's~~financial ~~disclosure~~statements, ~~controls~~ and ~~procedures~~other ~~and~~financial ~~presented~~information included in this report, ~~our~~fairly ~~conclusions~~present ~~about~~in all material respects the ~~effectiveness~~financial ofcondition, ~~the~~results ~~disclosure~~of ~~controls~~operations and ~~procedures,~~cash asflows of the ~~end~~registrant as of, and for, the ~~period~~periods ~~covered~~presented byin this report ~~based on such evaluation; and~~.

d)4. ~~disclosed~~The inregistrant's ~~this report~~other ~~any~~certifying ~~change~~officer inand ~~the~~I ~~registrant's~~are ~~internal~~responsible ~~control~~for ~~over~~establishing ~~financial~~and ~~reporting~~maintaining ~~that~~disclosure ~~occurred~~controls ~~during~~and ~~the~~procedures ~~registrant's~~(as ~~most~~defined ~~recent~~in ~~fiscal~~Exchange ~~quarter~~Act ~~(the~~Rules ~~registrant's~~13a-15e ~~fourth~~and ~~fiscal~~15d-15e) ~~quarter~~and ininternal ~~the~~control ~~case~~over offinancial anreporting ~~annual~~(as ~~report)~~defined ~~that~~in ~~has~~Exchange ~~materially~~Act ~~affected,~~Rules or13a-15(f) isand ~~reasonably~~15d-15(f)), ~~likely~~for ~~to materially affect,~~ the registrant's ~~internal~~and ~~control over financial reporting.~~have:

5.a) ~~The~~designed ~~registrant's~~such ~~other~~disclosure ~~certifying~~controls ~~officer~~ and ~~I have disclosed~~procedures, ~~based~~or oncaused ~~our~~such ~~most~~disclosure ~~recent~~controls ~~evaluation~~and ofprocedures ~~internal~~to ~~control~~be ~~over~~designed ~~financial~~under ~~reporting~~our supervision, to ~~the~~ensure that ~~registrant's~~material ~~auditors~~information ~~and~~relating to the ~~audit~~registrant ~~committee~~is ofmade ~~the~~known ~~registrant's~~to ~~board~~us ofby ~~directors~~others ~~(or~~within ~~persons~~those ~~performing~~entities, particularly during the ~~equivalent~~period in ~~functions):~~which this report is being prepared;

ab) ~~all~~designed ~~significant~~such ~~deficiencies~~internal ~~and~~control ~~material~~over ~~weaknesses~~financial inreporting, ~~the design~~ or ~~operation~~caused ofsuch internal control over financial reporting ~~which~~to ~~are~~be ~~reasonably~~designed ~~likely~~under tomy supervision, ~~adversely~~to ~~affect~~provide ~~the~~reasonable ~~registrant's~~assurance ~~ability~~regarding tothe ~~record,~~reliability ~~process,~~of ~~summarize~~financial reporting and ~~report~~the preparation of financial ~~information;~~statements ~~and~~for external purposes in accordance with generally accepted accounting principles;

bc) evaluated the ~~any~~effectiveness ~~fraud,~~of ~~whether~~the ~~or not~~registrant's ~~material,~~disclosure ~~that~~controls ~~involves~~and ~~management~~procedures orand ~~other~~presented ~~employees~~in ~~who~~this ~~have~~report aour ~~significant~~conclusions ~~role~~about inthe effectiveness of the ~~registrant's~~disclosure ~~internal~~controls ~~control~~and ~~over financial~~procedures, ~~reporting.~~as of the end of the period covered by this report based on such evaluation; and

d) disclosed in this report /any change in the registrant's/ ~~ROBERT~~internal J.control ~~CONWAY~~over _financial ~~Robert~~reporting J.that ~~Conway,~~occurred during the registrant's most recent fiscal ~~President~~quarter (the registrant's fourth fiscal quarter in the case of ~~DSI~~an ~~Properties,~~annual ~~Inc.~~report) that has materially affected, or is reasonably ~~General~~likely ~~Partner~~to ~~(chief~~materially ~~executive~~affect, ~~officer)~~the registrant's internal control over financial reporting.

~~November~~5. 14The registrant's other certifying officer and I have disclosed, ~~2013~~based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

~~EXHIBIT~~a) ~~31.2~~all significant deficiencies ~~Rule~~and ~~13a-14(a)/15d-14(a)~~material ~~Certification~~weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

Ib) any fraud, ~~Richard~~whether P.or not ~~Conway~~material, ~~certify~~ that: involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

1 /s/ ROBERT J. ICONWAY ~~have~~_ ~~reviewed~~Robert ~~this~~J. ~~Quarterly~~Conway, ~~Report~~President ~~on Form 10-Q~~ of DSI ~~Realty~~Properties, ~~Income~~Inc., General ~~Fund~~Partner ~~XI;~~(chief executive officer)

2.November ~~Based on my knowledge~~14, ~~this~~ report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report.2014

3.EXHIBIT ~~Based on my knowledge,~~31.2 ~~the~~Rule ~~financial~~13a-14(a)/15d-14(a) statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report.Certification

~~4. The registrant's other certifying officer and~~ I, ~~are~~Richard ~~responsible~~P. for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15e and 15d-15e) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f))Conway, ~~for~~ ~~the registrant and have~~certify that:

5.a) ~~The~~designed ~~registrant's~~such ~~other~~disclosure ~~certifying~~controls ~~officer~~ and ~~I have disclosed~~procedures, ~~based~~or oncaused ~~our~~such ~~most~~disclosure ~~recent~~controls ~~evaluation~~and ofprocedures ~~internal~~to ~~control~~be ~~over~~designed ~~financial~~under ~~reporting~~our supervision, to ~~the~~ensure that ~~registrant's~~material ~~auditors~~information ~~and~~relating to the ~~audit~~registrant, ~~committee~~is ofmade ~~the~~known ~~registrant's~~to ~~board~~us ofby ~~directors~~others ~~(or~~within ~~persons~~those ~~performing~~entities, particularly during the ~~equivalent~~period in ~~functions):~~which this report is being prepared;

/d) disclosed in this report any change in the registrant's/ ~~RICHARD~~internal P.control ~~CONWAY~~over _financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting.

~~Richard P~~5. ~~Conway~~The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

~~Executive~~a) ~~Vice~~all ~~President~~significant deficiencies and material weaknesses in the design or operation of ~~DSI~~internal ~~Properties~~control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, ~~Inc.~~process, summarize and report financial information; and

~~General~~b) ~~Partner~~any ~~(chief~~fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial ~~officer)~~reporting.

~~November~~/s/ ~~14,~~RICHARD ~~2013~~P. CONWAY _

~~EXHIBIT~~Richard 32P.1 Conway

~~CERTIFICATION~~Executive ~~PURSUANT TO~~Vice 18President ~~U.S.C.~~of ~~SECTION~~DSI ~~1350~~Properties, ~~AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002~~Inc.,

In connection with the Quarterly Report of DSI Realty Income Fund XI (the "Partnership") on Form 10-Q for the period ending September 30, 2013 as filed with the Securities and Exchange Commission on the date hereof (the "Report"), I, Robert J. Conway, President of DSI Properties, Inc., General Partner ~~of the Partnership, and performing the functions of~~ (chief ~~executive~~financial officer ~~of the Partnership, certify, pursuant to 18 U.S.C. 1350, as adopted pursuant to 906 of the Sarbanes-Oxley Act of 2002, that:~~)

~~(1)~~September ~~The~~14, ~~Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and~~2014

~~(2)~~EXHIBIT ~~The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Partnership~~32.1

~~/s/~~CERTIFICATION ~~ROBERT~~PURSUANT TO J18 U.S.C. ~~CONWAY~~SECTION _1350, AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of DSI Realty Income Fund XI (the "Partnership") on Form 10-Q for the period ending September 30, 2014 as filed with the Securities and Exchange Commission on the date hereof (the "Report"), I, Robert J. Conway , President of DSI Properties, Inc., General Partner (of the Partnership, and performing the functions of chief executive officer) of the Partnership, certify, pursuant to 18 U.S.C. 1350, as adopted pursuant to 906 of ~~November~~the 14Sarbanes-Oxley Act of 2002, ~~2013~~that:

~~EXHIBIT~~(1) ~~32.2~~The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

~~CERTIFICATION~~(2) ~~PURSUANT~~The information contained TOin 18the ~~U.S.C.~~Report ~~SECTION~~fairly ~~1350~~presents, ASin ~~ADOPTED~~all ~~PURSUANT~~material TOrespects, ~~SECTION~~the ~~906~~financial OFcondition ~~THE~~and ~~SARBANES-OXLEY~~result ~~ACT~~of OFoperations ~~2002~~of the Partnership.

In/s/ ~~connection~~ROBERT with the Quarterly Report of DSI Realty Income Fund XI (the "Partnership") on Form 10-Q for the period ending September 30, 2013 as filed with the Securities and Exchange Commission on the date hereof (the "Report"), I, Richard PJ. ~~Conway,~~CONWAY Executive Vice President of DSI Properties, Inc., General Partner of the Partnership, and performing the functions of chief financial officer of the Partnership, certify, pursuant to 18 U.S.C. 1350, as adopted pursuant to 906 of the Sarbanes-Oxley Act of 2002, that:_

~~(1)~~Robert ~~The~~J. ~~Report fully complies~~Conway ~~with~~President ~~the~~of ~~requirements~~DSI ofProperties, ~~section~~Inc., General 13Partner (a)chief orexecutive ~~15(d~~officer) November of14, ~~the Securities Exchange Act of 1934; and~~2014

~~(2)~~EXHIBIT ~~The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Partnership~~32.2

~~/s/~~CERTIFICATION ~~RICHARD~~PURSUANT TO P18 U.S.C. ~~CONWAY~~SECTION _1350, AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of DSI Realty Income Fund XI (the "Partnership") on Form 10-Q for the period ending September 30, 2014 as filed with the Securities and Exchange Commission on the date hereof (the "Report"), I, Richard P. Conway , Executive Vice President of DSI Properties, Inc., General Partner (of the Partnership, and performing the functions of chief financial officer) of the Partnership, certify, pursuant to 18 U.S.C. 1350, as adopted pursuant to 906 of the Sarbanes-Oxley Act of 2002, that:

(1) The Report fully complies ~~November~~with ~~14,~~the ~~2013~~requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Partnership.

/s/ RICHARD P. CONWAY _

Richard P. Conway
Executive Vice President of DSI Properties, Inc.,
General Partner (chief financial officer)

November 14, 2014

Filing Compare · DSI REALTY INCOME FUND XI