<ARTICLE> 5
<LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM
FORM 10-Q FOR THE QUARTERLY PERIOD ENDED DECEMBER 31, 1996 AND IS QUALIFIED IN
ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          SEP-30-1997
<PERIOD-START>                             OCT-01-1996
<PERIOD-END>                               DEC-31-1996
<CASH>                                           1,082
<SECURITIES>                                         0
<RECEIVABLES>                                      453
<ALLOWANCES>                                     3,307
<INVENTORY>                                          0
<CURRENT-ASSETS>                                   946
<PP&E>                                          40,800
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                                  39,974
<CURRENT-LIABILITIES>                            2,273
<BONDS>                                         14,301
<COMMON>                                         5,137
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<OTHER-SE>                                      18,257
<TOTAL-LIABILITY-AND-EQUITY>                    39,974
<SALES>                                              0
<TOTAL-REVENUES>                                 2,514
<CGS>                                                0
<TOTAL-COSTS>                                    1,106
<OTHER-EXPENSES>                                   536
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                 352
<INCOME-PRETAX>                                    520
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                                520
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                    576
<CHANGES>                                            0
<NET-INCOME>                                     1,096
<EPS-PRIMARY>                                      .21
<EPS-DILUTED>                                      .21