<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>