<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM FORM 10-Q
FOR THE QUARTERLY PERIOD ENDED MARCH 31, 1997 AND IS QUALIFIED IN ITS ENTIRETY
BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-1997
<PERIOD-START>                             OCT-01-1996
<PERIOD-END>                               MAR-31-1997
<CASH>                                           9,555
<SECURITIES>                                         0
<RECEIVABLES>                                      326
<ALLOWANCES>                                     3,307
<INVENTORY>                                          0
<CURRENT-ASSETS>                                   742
<PP&E>                                          32,945
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                                  40,261
<CURRENT-LIABILITIES>                            1,646
<BONDS>                                          8,245
<COMMON>                                         5,137
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<OTHER-SE>                                      25,233
<TOTAL-LIABILITY-AND-EQUITY>                    40,261
<SALES>                                              0
<TOTAL-REVENUES>                                 4,926
<CGS>                                                0
<TOTAL-COSTS>                                    2,200
<OTHER-EXPENSES>                                 1,168
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                 656
<INCOME-PRETAX>                                    902
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                                902
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                  7,170
<CHANGES>                                            0
<NET-INCOME>                                     8,072
<EPS-PRIMARY>                                     1.57
<EPS-DILUTED>                                     1.57