<ARTICLE> 5
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-START>                             JAN-01-1995
<PERIOD-END>                               MAR-31-1995
<CASH>                                           6,676<F1>
<SECURITIES>                                         0
<RECEIVABLES>                                    6,439
<ALLOWANCES>                                       546
<INVENTORY>                                     70,579
<CURRENT-ASSETS>                                     0
<PP&E>                                           3,600
<DEPRECIATION>                                   2,043
<TOTAL-ASSETS>                                 123,920
<CURRENT-LIABILITIES>                                0
<BONDS>                                              0
<COMMON>                                             0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<OTHER-SE>                                      41,196
<TOTAL-LIABILITY-AND-EQUITY>                   123,920
<SALES>                                          7,635
<TOTAL-REVENUES>                                10,928
<CGS>                                            5,520
<TOTAL-COSTS>                                    6,993
<OTHER-EXPENSES>                                 2,469
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                 490
<INCOME-PRETAX>                                    976
<INCOME-TAX>                                       407
<INCOME-CONTINUING>                                320
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                       320
<EPS-PRIMARY>                                      .03
<EPS-DILUTED>                                      .03
<FN>
<F1>Balance includes $5,585 of restricted cash.
</FN>