WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>


<ARTICLE>                     5

<MULTIPLIER>                                   1
<CURRENCY>                                     US Dollars

<S>                             <C>
<PERIOD-TYPE>                   6-mos
<FISCAL-YEAR-END>                              Oct-31-2000
<PERIOD-START>                                 Feb-01-2000
<PERIOD-END>                                   Apr-30-2000
<EXCHANGE-RATE>                                1
<CASH>                                         3,976,000
<SECURITIES>                                   0
<RECEIVABLES>                                  3,906,000
<ALLOWANCES>                                   0
<INVENTORY>                                    0
<CURRENT-ASSETS>                               7,882,000
<PP&E>                                         203,419,000 <F1>
<DEPRECIATION>                                 32,880,000
<TOTAL-ASSETS>                                 182,806,000
<CURRENT-LIABILITIES>                          2,544,000
<BONDS>                                        52,241,000
                          0
                                    33,462,000
<COMMON>                                       121,585,000
<OTHER-SE>                                    (31,706,000)
<TOTAL-LIABILITY-AND-EQUITY>                   182,806,000
<SALES>                                        0
<TOTAL-REVENUES>                               15,677,000
<CGS>                                          0
<TOTAL-COSTS>                                  0
<OTHER-EXPENSES>                               9,542,000
<LOSS-PROVISION>                               0
<INTEREST-EXPENSE>                             2,121,000
<INCOME-PRETAX>                                4,014,000
<INCOME-TAX>                                   225,000 <F2>
<INCOME-CONTINUING>                            4,854,000
<DISCONTINUED>                                 0
<EXTRAORDINARY>                                0
<CHANGES>                                      1,573,000 <F3>
<NET-INCOME>                                   3,281,000
<EPS-BASIC>                                    .30 <F4>
<EPS-DILUTED>                                  .33 <F4>
[EPS-BASIC]                                    .30 <F5>
[EPS-DILUTED]                                  .33 <F5>



<FN>
<F1> This item consists of Real Estate Investment
<F2> This item consists of Minority Interest in Consolidated Joint Venture
<F3> This item consists of Preferred Stock Dividends
<F4> Applicable to Common Shareholders
<F5> Applicable to Class A Shareholders
</FN>



</TABLE>



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