<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> OCT-31-2000 <PERIOD-END> APR-30-2000 <CASH> 1,682,000 <SECURITIES> 9,331,000 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 94,698,000 <DEPRECIATION> (16,018,000) <TOTAL-ASSETS> 95,689,000 <CURRENT-LIABILITIES> 0 <BONDS> 70,600,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 19,314,000 <OTHER-SE> 1,534,000 <TOTAL-LIABILITY-AND-EQUITY> 95,689,000 <SALES> 0 <TOTAL-REVENUES> 8,418,000 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 4,023,000 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 2,379,000 <INCOME-PRETAX> 2,016,000 <INCOME-TAX> 7,000 <INCOME-CONTINUING> 2,009,000 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 2,009,000 <EPS-BASIC> 1.29 <EPS-DILUTED> 1.29