<ARTICLE> 5
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-END>                               SEP-30-1998
<CASH>                                           4,312<F1>
<SECURITIES>                                         0
<RECEIVABLES>                                    4,778
<ALLOWANCES>                                     (378)
<INVENTORY>                                     82,363
<CURRENT-ASSETS>                                     0
<PP&E>                                           3,483
<DEPRECIATION>                                   2,426
<TOTAL-ASSETS>                                 144,418
<CURRENT-LIABILITIES>                                0
<BONDS>                                       (76,026)
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                             0
<OTHER-SE>                                      45,372
<TOTAL-LIABILITY-AND-EQUITY>                   144,418
<SALES>                                         18,620
<TOTAL-REVENUES>                                30,577
<CGS>                                           12,876
<TOTAL-COSTS>                                   16,603
<OTHER-EXPENSES>                                 8,267
<LOSS-PROVISION>                                  (94)
<INTEREST-EXPENSE>                               2,590
<INCOME-PRETAX>                                  2,765
<INCOME-TAX>                                       740
<INCOME-CONTINUING>                              2,025
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     2,025
<EPS-PRIMARY>                                      .20
<EPS-DILUTED>                                      .20
<FN>
<F1>Balance includes $2,592 of restricted cash.
</FN>