<ARTICLE> 5
<LEGEND>
This schedule contians summary financial information extracted from the
consolidated balance sheet as of August 31, 1999, and the consolidated statement
of income for the year ended August 31, 1999 and is qualified in its entirety by
by reference to such financial statements.
</LEGEND>
<MULTIPLIER> 1,000

                             
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          AUG-31-1999
<PERIOD-END>                               AUG-31-1999
<CASH>                                           2,615
<SECURITIES>                                         0
<RECEIVABLES>                                      428
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                 3,033
<PP&E>                                          48,035
<DEPRECIATION>                                  13,417
<TOTAL-ASSETS>                                  37,931
<CURRENT-LIABILITIES>                              708
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                        134
<COMMON>                                            75
<OTHER-SE>                                      34,921
<TOTAL-LIABILITY-AND-EQUITY>                    37,931
<SALES>                                          7,525
<TOTAL-REVENUES>                                 7,597
<CGS>                                                0
<TOTAL-COSTS>                                    4,636
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                  31
<INCOME-PRETAX>                                  2,930
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                              2,930
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     2,930
<EPS-BASIC>                                        .38
<EPS-DILUTED>                                      .38