<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM FORM 10-Q
AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
       
                                                  
<PERIOD-TYPE>                   9-MOS                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1997             DEC-31-1996
<PERIOD-START>                             JAN-01-1997             JAN-01-1996
<PERIOD-END>                               SEP-30-1997             SEP-30-1996
<CASH>                                          74,890                       0
<SECURITIES>                                         0                       0
<RECEIVABLES>                                    4,010                   4,670
<ALLOWANCES>                                     (246)                 (1,628)
<INVENTORY>                                          0                       0
<CURRENT-ASSETS>                                     0                       0
<PP&E>                                         587,178                 227,337
<DEPRECIATION>                               (117,552)               (109,668)
<TOTAL-ASSETS>                                 572,544                 128,339
<CURRENT-LIABILITIES>                                0                       0
<BONDS>                                              0                       0
<PREFERRED-MANDATORY>                                0                       0
<PREFERRED>                                          0                       0
<COMMON>                                           245                       0
<OTHER-SE>                                     391,853                 128,339
<TOTAL-LIABILITY-AND-EQUITY>                   572,544                 128,339
<SALES>                                              0                       0
<TOTAL-REVENUES>                                45,701                  29,701
<CGS>                                                0                       0
<TOTAL-COSTS>                                   22,310                  18,770
<OTHER-EXPENSES>                                     0                       0
<LOSS-PROVISION>                                     0                       0
<INTEREST-EXPENSE>                               8,609                  16,234
<INCOME-PRETAX>                                 14,782                 (5,303)
<INCOME-TAX>                                         0                       0
<INCOME-CONTINUING>                             14,782                 (5,303)
<DISCONTINUED>                                       0                       0
<EXTRAORDINARY>                                  3,204                  20,095
<CHANGES>                                            0                       0
<NET-INCOME>                                    15,942<F1>              14,792
<EPS-PRIMARY>                                        0                       0
<EPS-DILUTED>                                        0                       0
<FN>
<F1>NET INCOME IS AFTER EQUITY IN INCOME OF UNCONSOLIDATED SUBSIDIARY OF $187 
AND MINORITY INTEREST OF ($2,231).
</FN>