<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE CONDENSED BALANCE SHEET AND CONDENSED STATEMENTS OF INCOME AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.<F1> </LEGEND> <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> JUN-30-1996 <CASH> 320,285 <SECURITIES> 0 <RECEIVABLES> 363,313 <ALLOWANCES> 45,000 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 0 <DEPRECIATION> 0 <TOTAL-ASSETS> 2,983,756 <CURRENT-LIABILITIES> 0 <BONDS> 0 <PREFERRED-MANDATORY> 2,090,108 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 773,330 <TOTAL-LIABILITY-AND-EQUITY> 2,983,756 <SALES> 0 <TOTAL-REVENUES> 434,002 <CGS> 0 <TOTAL-COSTS> 348,048 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 3,300 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> 85,954 <INCOME-TAX> 1,100 <INCOME-CONTINUING> 84,854 <DISCONTINUED> 0 <EXTRAORDINARY> 55,385 <CHANGES> 0 <NET-INCOME> 140,239 <EPS-PRIMARY> .07 <EPS-DILUTED> .07 <FN> <F1>THIS COMPANY IS A REAL ESTATE INVESTMENT TRUST. THEREFORE, SEVERAL OF THE ITEMS REQUESTED ARE NOT SPECIFICALLY IDENTIFIED ON THE 10-QSB. </FN>