<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> JUN-30-1995 <PERIOD-END> JUN-30-1995 <CASH> 14,017 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 29,175 <PP&E> 1,087,807 <DEPRECIATION> 133,465 <TOTAL-ASSETS> 997,534 <CURRENT-LIABILITIES> 0 <BONDS> 491,765 <COMMON> 51,785 <PREFERRED-MANDATORY> 0 <PREFERRED> 105,000 <OTHER-SE> 312,678 <TOTAL-LIABILITY-AND-EQUITY> 997,534 <SALES> 93,239 <TOTAL-REVENUES> 93,774 <CGS> 38,232 <TOTAL-COSTS> 38,232 <OTHER-EXPENSES> 21,873 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 20,589 <INCOME-PRETAX> 13,080 <INCOME-TAX> 0 <INCOME-CONTINUING> 17,719 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 17,719 <EPS-PRIMARY> 0.31 <EPS-DILUTED> 0.31