<ARTICLE> 5
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               SEP-30-1996
<CASH>                                           2,331
<SECURITIES>                                         0
<RECEIVABLES>                                        0
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                     0
<PP&E>                                               0
<DEPRECIATION>                                (86,359)
<TOTAL-ASSETS>                                 579,127
<CURRENT-LIABILITIES>                                0
<BONDS>                                        158,544
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          2
<COMMON>                                           235
<OTHER-SE>                                     346,888
<TOTAL-LIABILITY-AND-EQUITY>                   579,127
<SALES>                                              0
<TOTAL-REVENUES>                                66,186
<CGS>                                                0
<TOTAL-COSTS>                                   11,204
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                              16,564
<INCOME-PRETAX>                                 32,571
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                             32,571
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    32,571
<EPS-PRIMARY>                                        0<F1>
<EPS-DILUTED>                                        0<F1>
<FN>
<F1>Primary and fully diluted earnings per share attributable to Core Group
Common Stock $1.22; Psychiatric Group Depository Shares $1.89
</FN>