<ARTICLE> 5
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-START>                             JAN-01-1997
<PERIOD-END>                               MAR-31-1997
<CASH>                                           5,308
<SECURITIES>                                         0
<RECEIVABLES>                                    5,894
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                     0
<PP&E>                                         665,327
<DEPRECIATION>                                 108,328
<TOTAL-ASSETS>                                 595,632
<CURRENT-LIABILITIES>                                0
<BONDS>                                        416,130
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                           120
<OTHER-SE>                                     113,100
<TOTAL-LIABILITY-AND-EQUITY>                   595,632
<SALES>                                              0
<TOTAL-REVENUES>                                22,183
<CGS>                                                0
<TOTAL-COSTS>                                    6,392
<OTHER-EXPENSES>                                 5,961<F1>
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                               8,897
<INCOME-PRETAX>                                    933
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                                  0
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                       933
<EPS-PRIMARY>                                     0.08
<EPS-DILUTED>                                     0.00
<FN>
<F1>Includes depreciation and amortization of $4,315, and $408 allocated to
minority interests, respectively.
</FN>