<ARTICLE> 5
<MULTIPLIER> 1,000
       
                                                  
<PERIOD-TYPE>                   3-MOS                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1996             DEC-31-1996
<PERIOD-START>                             APR-01-1996             JAN-01-1996
<PERIOD-END>                               JUN-30-1996             JUN-30-1996
<CASH>                                           3,221                       0
<SECURITIES>                                         0                       0
<RECEIVABLES>                                    5,060                       0
<ALLOWANCES>                                         0                       0
<INVENTORY>                                          0                       0
<CURRENT-ASSETS>                                     0                       0
<PP&E>                                         663,102                       0
<DEPRECIATION>                                  98,206                       0
<TOTAL-ASSETS>                                 601,466                       0
<CURRENT-LIABILITIES>                                0                       0
<BONDS>                                        407,998                       0
<PREFERRED-MANDATORY>                                0                       0
<PREFERRED>                                          0                       0
<COMMON>                                           120                       0
<OTHER-SE>                                     156,131                       0
<TOTAL-LIABILITY-AND-EQUITY>                   601,466                       0
<SALES>                                              0                       0
<TOTAL-REVENUES>                                23,713                  44,591
<CGS>                                                0                       0
<TOTAL-COSTS>                                    6,001                  11,936
<OTHER-EXPENSES>                                 5,727 <F1>             10,548
<LOSS-PROVISION>                                     0 <F2>              6,900
<INTEREST-EXPENSE>                               8,869                  17,723
<INCOME-PRETAX>                                  3,116                 (2,516)
<INCOME-TAX>                                         0                       0
<INCOME-CONTINUING>                                  0                       0
<DISCONTINUED>                                       0                       0
<EXTRAORDINARY>                                      0                       0
<CHANGES>                                            0                       0
<NET-INCOME>                                     3,116                 (2,516)
<EPS-PRIMARY>                                      .26                   (.21)
<EPS-DILUTED>                                        0                       0
        

<FN>
<F1> Includes depreciation and amortization of $4,060 and $8,497 for the three
and six months ended June 30, 1996, respectively, and $404 and $(376) allocated
to minority interests, respectively.
<F2> Non-recurring charge to reserve against straight-line rents receivable.
</FN>