<ARTICLE> 5

<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
REGISTRANT'S FORM 10-Q FOR THE PERIOD ENDED MARCH 31, 1999 AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS INCLUDED IN SUCH
REPORT.
</LEGEND>

       

                    
<PERIOD-TYPE>          3-MOS
<FISCAL-YEAR-END>      MAR-31-1999
<PERIOD-END>           MAR-31-1999

<CASH>                              9,205 
<SECURITIES>                         0    
<RECEIVABLES>                       6,496 
<ALLOWANCES>                         0    
<INVENTORY>                          0    
<CURRENT-ASSETS>                   17,555 
<PP&E>                            494,939 
<DEPRECIATION>                     26,652 
<TOTAL-ASSETS>                    495,435 
<CURRENT-LIABILITIES>               4,413 
<BONDS>                            42,514 
<COMMON>                              152 
<PREFERRED-MANDATORY>                0    
<PREFERRED>                          0    
<OTHER-SE>                        230,900 
<TOTAL-LIABILITY-AND-EQUITY>      495,435 
<SALES>                              0    
<TOTAL-REVENUES>                   16,212 
<CGS>                                0    
<TOTAL-COSTS>                      13,152 
<OTHER-EXPENSES>                     0    
<LOSS-PROVISION>                     0    
<INTEREST-EXPENSE>                  3,505 
<INCOME-PRETAX>                     2,508 
<INCOME-TAX>                         0    
<INCOME-CONTINUING>                 2,508 
<DISCONTINUED>                       0    
<EXTRAORDINARY>                      0    
<CHANGES>                            0    
<NET-INCOME>                        2,508 
<EPS-PRIMARY>                         .16 
<EPS-DILUTED>                         .16