<ARTICLE> 5

<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
REGISTRANT'S FORM 10-K FOR THE YEAR ENDED DECEMBER 31, 1998 AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS
INCLUDED IN SUCH REPORT.
</LEGEND>

       

                     
<PERIOD-TYPE>           12-MOS
<FISCAL-YEAR-END>       DEC-31-1998
<PERIOD-END>            DEC-31-1998

<CASH>                              11,359 
<SECURITIES>                          0    
<RECEIVABLES>                        3,088 
<ALLOWANCES>                          0    
<INVENTORY>                           0    
<CURRENT-ASSETS>                    22,102 
<PP&E>                             488,463 
<DEPRECIATION>                      20,911 
<TOTAL-ASSETS>                     496,338 
<CURRENT-LIABILITIES>               12,722 
<BONDS>                             42,828 
<COMMON>                               152 
<PREFERRED-MANDATORY>                 0    
<PREFERRED>                           0    
<OTHER-SE>                         228,232 
<TOTAL-LIABILITY-AND-EQUITY>       496,338 
<SALES>                               0    
<TOTAL-REVENUES>                    46,993 
<CGS>                                 0    
<TOTAL-COSTS>                       32,193 
<OTHER-EXPENSES>                      0    
<LOSS-PROVISION>                      0    
<INTEREST-EXPENSE>                   8,474 
<INCOME-PRETAX>                     12,233 
<INCOME-TAX>                          0    
<INCOME-CONTINUING>                 12,233 
<DISCONTINUED>                        0    
<EXTRAORDINARY>                       0    
<CHANGES>                             0    
<NET-INCOME>                        12,233 
<EPS-PRIMARY>                          .80 
<EPS-DILUTED>                          .80