<ARTICLE> 5
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-END>                               MAR-31-1998
<CASH>                                           3,056
<SECURITIES>                                         0
<RECEIVABLES>                                        0
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                     0
<PP&E>                                               0
<DEPRECIATION>                               (107,084)
<TOTAL-ASSETS>                                 709,553
<CURRENT-LIABILITIES>                                0
<BONDS>                                        243,794
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                    100,002
<COMMON>                                           239
<OTHER-SE>                                     322,843
<TOTAL-LIABILITY-AND-EQUITY>                   709,553
<SALES>                                              0
<TOTAL-REVENUES>                                27,007
<CGS>                                                0
<TOTAL-COSTS>                                    6,089
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                               4,942
<INCOME-PRETAX>                                 13,823
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                             13,823
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    13,823
<EPS-PRIMARY>                                     0.44<F1>
<EPS-DILUTED>                                     0.43<F2>
<FN>
<F1>Basic earnings per share attributable to -
      Core Group Common Stock
        Net income                              $ 0.44

      Psychiatric Group Depositary Shares
        Net income                              $ 0.59
<F2>Diluted earnings per share attributable to -
      Core Group Common Stock
        Net income                              $ 0.43

      Psychiatric Group Depositary Shares
        Net income                              $ 0.59
</FN>