<ARTICLE> 5
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-START>                             JAN-01-1997
<PERIOD-END>                               SEP-30-1997
<CASH>                                           6,212
<SECURITIES>                                         0
<RECEIVABLES>                                        0
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                     0
<PP&E>                                               0
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                                 780,956
<CURRENT-LIABILITIES>                                0
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                             0
<OTHER-SE>                                           0
<TOTAL-LIABILITY-AND-EQUITY>                   780,956
<SALES>                                              0
<TOTAL-REVENUES>                                23,564
<CGS>                                                0
<TOTAL-COSTS>                                   10,584
<OTHER-EXPENSES>                                 1,176
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                               6,262
<INCOME-PRETAX>                                 10,474
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                                  0
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    10,474
<EPS-PRIMARY>                                     0.55
<EPS-DILUTED>                                     0.55<F1>
<FN>
<F1>EPS-DILUTED NOT SEPARATELY REPORTED BECAUSE INCLUSION OF OPTIONS USING TREASURY
STOCK METHOD AND THE ASSUMED CONVERSION OF DEBENTURES OUTSTANDING NOT
MATERIALLY DILUTIVE.
</FN>