<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM (A) THE
CONDENSED CONSOLIDATED BALANCE SHEET AND CONDENSED CONSOLIDATED STATEMENT OF
OPERATIONS FILED AS PART OF THE QUARTERLY REPORT ON FORM 10-Q AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH (B) QUARTERLY REPORT ON FORM 10-Q.
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-START>                             JAN-01-1996
<PERIOD-END>                               MAR-31-1996
<CASH>                                           2,983
<SECURITIES>                                         0
<RECEIVABLES>                                        0
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                     0
<PP&E>                                               0
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                                 578,273
<CURRENT-LIABILITIES>                                0
<BONDS>                                        210,267
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                             0
<OTHER-SE>                                     356,965
<TOTAL-LIABILITY-AND-EQUITY>                   578,273
<SALES>                                              0
<TOTAL-REVENUES>                                17,174
<CGS>                                                0
<TOTAL-COSTS>                                    3,392
<OTHER-EXPENSES>                                   976
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                               4,615
<INCOME-PRETAX>                                  8,191
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                                  0
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     8,191
<EPS-PRIMARY>                                      .49
<EPS-DILUTED>                                      .49<F1>
<FN>
<F1>EPS-DILUTED NOT SEPARATELY REPORTED BECAUSE INCLUSION OF OPTIONS USING TREASURY
STOCK METHOD AND THE ASSUMED CONVERSION OF DEBENTURES OUTSTANDING IS NOT
MATERIALLY DILUTIVE.
</FN>