<ARTICLE> 5

<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
REGISTRANT'S FORM 10-Q FOR THE PERIOD ENDED SEPTEMBER 30, 1998 AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS
INCLUDED IN SUCH REPORT.
</LEGEND>

       

                   
<PERIOD-TYPE>         9-MOS
<FISCAL-YEAR-END>     DEC-31-1998
<PERIOD-END>          SEP-30-1998

<CASH>                           11,486 
<SECURITIES>                       0    
<RECEIVABLES>                     8,950 
<ALLOWANCES>                       0    
<INVENTORY>                        0    
<CURRENT-ASSETS>                 22,640 
<PP&E>                          480,108 
<DEPRECIATION>                    7,901 
<TOTAL-ASSETS>                  501,260 
<CURRENT-LIABILITIES>             7,909 
<BONDS>                          43,142 
<COMMON>                            152 
<PREFERRED-MANDATORY>              0    
<PREFERRED>                        0    
<OTHER-SE>                      234,323 
<TOTAL-LIABILITY-AND-EQUITY>    501,260 
<SALES>                            0    
<TOTAL-REVENUES>                 31,547 
<CGS>                              0    
<TOTAL-COSTS>                    19,318 
<OTHER-EXPENSES>                   0    
<LOSS-PROVISION>                   0    
<INTEREST-EXPENSE>                4,998 
<INCOME-PRETAX>                  10,108 
<INCOME-TAX>                       0    
<INCOME-CONTINUING>              10,108 
<DISCONTINUED>                     0    
<EXTRAORDINARY>                    0    
<CHANGES>                          0    
<NET-INCOME>                     10,108 
<EPS-PRIMARY>                       .66 
<EPS-DILUTED>                       .66