<ARTICLE> 5 <LEGEND> This Schedule contains summary financial information extracted from the consolidated balance sheets and consolidated statements of operation and is qualified in its entirety by reference to such financial statements (000's are omitted). </LEGEND> <MULTIPLIER> 1 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> JUL-31-1997 <PERIOD-END> JUL-31-1997 <CASH> 42,781 <SECURITIES> 2,035 <RECEIVABLES> 12,035 <ALLOWANCES> 5,581 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 1,277,775 <DEPRECIATION> 105,866 <TOTAL-ASSETS> 1,261,144 <CURRENT-LIABILITIES> 0 <BONDS> 478,207 <COMMON> 735,196 <PREFERRED-MANDATORY> 0 <PREFERRED> 72,775 <OTHER-SE> (63,016) <TOTAL-LIABILITY-AND-EQUITY> 1,261,144 <SALES> 0 <TOTAL-REVENUES> 206,821 <CGS> 0 <TOTAL-COSTS> 96,039 <OTHER-EXPENSES> 2,203 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 28,256 <INCOME-PRETAX> 77,037 <INCOME-TAX> 0 <INCOME-CONTINUING> 77,037 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 77,037 <EPS-PRIMARY> 1.31 <EPS-DILUTED> 1.31