<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>