<ARTICLE> 5
       
                             
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          OCT-31-1994
<PERIOD-END>                               OCT-31-1994
<CASH>                                         8738000
<SECURITIES>                                         0
<RECEIVABLES>                                  2343000
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                     0
<PP&E>                                       146804000<F1>
<DEPRECIATION>                                26173000
<TOTAL-ASSETS>                               142559000
<CURRENT-LIABILITIES>                          6024000
<BONDS>                                       45386000
<COMMON>                                     123507000
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<OTHER-SE>                                  (35026000)
<TOTAL-LIABILITY-AND-EQUITY>                 142559000
<SALES>                                              0
<TOTAL-REVENUES>                              18969000
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                              12866000
<LOSS-PROVISION>                               1086000<F3>
<INTEREST-EXPENSE>                             3775000
<INCOME-PRETAX>                                1262000
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                            1262000
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                  82000<F2>
<CHANGES>                                            0
<NET-INCOME>                                   1344000
<EPS-PRIMARY>                                      .26
<EPS-DILUTED>                                      .26
<FN>
<F1>This item consists of Real Estate Investments:Properties Owned
<F2>This item consists of Gains on Sales of Properties
<F3>This item consists of Writedown in carrying value of investment
</FN>