<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1997 <PERIOD-END> JUN-30-1997 <CASH> 3,918 <SECURITIES> 0 <RECEIVABLES> 4,832 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 669,497 <DEPRECIATION> 112,392 <TOTAL-ASSETS> 593,659 <CURRENT-LIABILITIES> 0 <BONDS> 423,032 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 120 <OTHER-SE> 109,420 <TOTAL-LIABILITY-AND-EQUITY> 593,659 <SALES> 0 <TOTAL-REVENUES> 43,521 <CGS> 0 <TOTAL-COSTS> 12,094 <OTHER-EXPENSES> 11,971<F1> <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 17,922 <INCOME-PRETAX> 1,534 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 1,534 <EPS-PRIMARY> 0.13 <EPS-DILUTED> 0.13 <FN> <F1>INCLUDES DEPRECIATION AND AMORTIZATION OF $8,790 AND $691 ALLOCATED TO MINORITY INTERESTS, RESPECTIVELY. </FN>