<ARTICLE> 5
<LEGEND> This Schedule contains summary financial information
extracted from the consolidated balance sheets and consolidated
statements of income and is qualified in its entirety by
reference to such financial statements.

       
                        
<PERIOD-TYPE>              12-MOS
<FISCAL-YEAR-END>                          JUL-31-1995
<PERIOD-END>                               JUL-31-1995
<CASH>                                          51,889
<SECURITIES>                                     6,051
<RECEIVABLES>                                    6,864
<ALLOWANCES>                                     2,923
<INVENTORY>                                          0
<CURRENT-ASSETS>                                     0
<PP&E>                                         765,080
<DEPRECIATION>                                  64,007
<TOTAL-ASSETS>                                 796,636<FN>(1)
<CURRENT-LIABILITIES>                                0
<BONDS>                                        206,652   
<COMMON>                                       619,192    
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<OTHER-SE>                                     (48,663)
<TOTAL-LIABILITY-AND-EQUITY>                   796,636<FN>(2)
<SALES>                                              0
<TOTAL-REVENUES>                               130,576
<CGS>                                                0
<TOTAL-COSTS>                                   57,441   
<OTHER-EXPENSES>                                 2,516 
<LOSS-PROVISION>                                   958
<INTEREST-EXPENSE>                               7,174
<INCOME-PRETAX>                                 62,716  
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                             62,716
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    62,716  
<EPS-PRIMARY>                                     1.19
<EPS-DILUTED>                                     1.19
<FN>
<F1>     Included in Total Assets but not listed:  Mortgages 
	 Receivable ($22,874), Other Receivables ($1,122), 
	 Prepaid Expenses and Deferred Charges ($5,056), and 
	 Other Assets ($1,707) which total $30,759.

<F2>     Included in Total Liabilities but not listed:  Other 
	 Liabilities ($16,745), and Tenants' Security Deposits 
	 ($2,710), which total $19,455.
</FN>