<ARTICLE> 5
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          JUL-31-1994
<PERIOD-START>                             AUG-01-1994
<PERIOD-END>                               APR-30-1995
<CASH>                                           9,674
<SECURITIES>                                         0
<RECEIVABLES>                                   10,628
<ALLOWANCES>                                   (1,250)
<INVENTORY>                                          0
<CURRENT-ASSETS>                                19,052
<PP&E>                                         370,794
<DEPRECIATION>                                (45,925)
<TOTAL-ASSETS>                                 343,921
<CURRENT-LIABILITIES>                            3,318
<BONDS>                                         96,886
<COMMON>                                           109
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<OTHER-SE>                                     243,608
<TOTAL-LIABILITY-AND-EQUITY>                   343,921
<SALES>                                         46,412<F1>
<TOTAL-REVENUES>                                46,412
<CGS>                                           14,328<F2>
<TOTAL-COSTS>                                   14,328
<OTHER-EXPENSES>                                 9,666<F3>
<LOSS-PROVISION>                                 2,000
<INTEREST-EXPENSE>                               5,226
<INCOME-PRETAX>                                 15,192
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                             15,192
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                  2,370<F4>
<CHANGES>                                            0
<NET-INCOME>                                    17,562
<EPS-PRIMARY>                                     1.61
<EPS-DILUTED>                                     1.61
<FN>
<F1>Rental and other revenue
<F2>Operating expenses of equity investments
<F3>Includes 5,698 of depreciation expense
<F4>Net gain on sales of investments
</FN>