<ARTICLE> 5 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> OCT-31-1995 <PERIOD-END> OCT-31-1995 <CASH> 533,000 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 72,528,000 <DEPRECIATION> 10,204,000 <TOTAL-ASSETS> 65,535,000 <CURRENT-LIABILITIES> 0 <BONDS> 39,767,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 19,314,000 <OTHER-SE> 675,000 <TOTAL-LIABILITY-AND-EQUITY> 65,535,000 <SALES> 0 <TOTAL-REVENUES> 13,250,000 <CGS> 0 <TOTAL-COSTS> 9,952,000 <OTHER-EXPENSES> 866,000 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 2,792,000 <INCOME-TAX> 0 <INCOME-CONTINUING> 2,792,000 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 2,786,000 <EPS-PRIMARY> 1.79 <EPS-DILUTED> 1.79