<ARTICLE> 5 <LEGEND> THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE COMPANY'S INTERIM CONSOLIDATED FINANCIAL STATEMENTS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-1-1996 <PERIOD-END> SEP-30-1996 <CASH> 19,698 <SECURITIES> 0 <RECEIVABLES> 9,316 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 376,464 <DEPRECIATION> 59,560 <TOTAL-ASSETS> 373,543 <CURRENT-LIABILITIES> 0 <BONDS> 323,501 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 8 <OTHER-SE> 24,453 <TOTAL-LIABILITY-AND-EQUITY> 373,543 <SALES> 0 <TOTAL-REVENUES> 101,559 <CGS> 0 <TOTAL-COSTS> 59,655 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 23,576 <INCOME-PRETAX> 3,609 <INCOME-TAX> 1,427 <INCOME-CONTINUING> 2,182 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 2,182 <EPS-PRIMARY> 2.73 <EPS-DILUTED> 2.73