<ARTICLE> 5
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-END>                               MAR-31-1997
<CASH>                                           4,338
<SECURITIES>                                         0
<RECEIVABLES>                                        0
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                     0
<PP&E>                                               0
<DEPRECIATION>                                (90,241)
<TOTAL-ASSETS>                                 570,547
<CURRENT-LIABILITIES>                                0
<BONDS>                                        225,642
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          2
<COMMON>                                           235
<OTHER-SE>                                     320,429
<TOTAL-LIABILITY-AND-EQUITY>                   570,547
<SALES>                                              0
<TOTAL-REVENUES>                                23,333
<CGS>                                                0
<TOTAL-COSTS>                                    3,828
<OTHER-EXPENSES>                                11,000
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                               6,107
<INCOME-PRETAX>                                    460
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                                460
<DISCONTINUED>                                       0
<EXTRAORDINARY>                               (11,427)
<CHANGES>                                            0
<NET-INCOME>                                  (10,967)
<EPS-PRIMARY>                                        0<F1>
<EPS-DILUTED>                                        0<F1>
<FN>
<F1>Primary and fully diluted earnings per share attributable to:

Core Group Common Stock:
Net Income Before Extraordinary Item        $ 0.42
Extraordinary Loss on Debt Prepayment       $(0.48)
Net Loss                                    $(0.06)

Psychiatric Group Depositary Shares:
Net Loss                                    $(4.52)
</FN>