<ARTICLE> 5 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> OCT-31-2000 <PERIOD-END> JUL-31-2000 <CASH> 2,360,000 <SECURITIES> 9,380,000 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 94,917,000 <DEPRECIATION> (16,564,000) <TOTAL-ASSETS> 96,477,000 <CURRENT-LIABILITIES> 0 <BONDS> 70,418,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 19,314,000 <OTHER-SE> 2,212,000 <TOTAL-LIABILITY-AND-EQUITY> 96,477,000 <SALES> 0 <TOTAL-REVENUES> 13,311,000 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 6,104,000 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 3,779,000 <INCOME-PRETAX> 3,428,000 <INCOME-TAX> 10,000 <INCOME-CONTINUING> 3,418,000 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 3,418,000 <EPS-BASIC> 2.19 <EPS-DILUTED> 0