<ARTICLE>                          5
<LEGEND>                        
     This schedule  contains summary  financial  information  extracted from the
Partnership's audited financial statements for the year ended August 31, 1996
and is qualified in its entirety by reference to such financial statements.
</LEGEND>                       
<MULTIPLIER>                            1,000
                                    
                                  
<PERIOD-TYPE>                          12-MOS
<FISCAL-YEAR-END>                  AUG-31-1996
<PERIOD-END>                       AUG-31-1996
<CASH>                                   9,208
<SECURITIES>                                0
<RECEIVABLES>                             802
<ALLOWANCES>                              162
<INVENTORY>                                 0
<CURRENT-ASSETS>                       11,564
<PP&E>                                219,207
<DEPRECIATION>                         33,666
<TOTAL-ASSETS>                        198,164
<CURRENT-LIABILITIES>                   2,797
<BONDS>                               155,483
<PREFERRED-MANDATORY>                       0
<PREFERRED>                                 0
<COMMON>                               39,884
<OTHER-SE>                                  0
<TOTAL-LIABILITY-AND-EQUITY>          198,164
<SALES>                                     0
<TOTAL-REVENUES>                       25,513
<CGS>                                       0
<TOTAL-COSTS>                          13,352
<OTHER-EXPENSES>                            0
<LOSS-PROVISION>                        1,030
<INTEREST-EXPENSE>                     14,808
<INCOME-PRETAX>                        (3,677)
<INCOME-TAX>                                0
<INCOME-CONTINUING>                    (3,677)
<DISCONTINUED>                              0
<EXTRAORDINARY>                         1,139
<CHANGES>                                   0
<NET-INCOME>                           (2,538)
<EPS-PRIMARY>                           (0.51)
<EPS-DILUTED>                           (0.51)