<ARTICLE> 5 <PERIOD-TYPE> 3-MOS 3-MOS <FISCAL-YEAR-END> DEC-31-1995 DEC-31-1994 <PERIOD-START> JAN-01-1995 JAN-01-1994 <PERIOD-END> MAR-31-1995 MAR-31-1994 <CASH> 2,137,000 1,423,000 <SECURITIES> 0 0 <RECEIVABLES> 2,987,000 2,931,000 <ALLOWANCES> 352,000 321,000 <INVENTORY> 0 0 <CURRENT-ASSETS> 7,332,000 6,147,000 <PP&E> 264,682,000 258,389,000 <DEPRECIATION> 23,119,000 21,309,000 <TOTAL-ASSETS> 277,608,000 269,923,000 <CURRENT-LIABILITIES> 46,943,000 57,106,000 <BONDS> 124,759,000 105,017,000 <COMMON> 89,000 89,000 <PREFERRED-MANDATORY> 0 0 <PREFERRED> 0 0 <OTHER-SE> 104,708,000 106,621,000 <TOTAL-LIABILITY-AND-EQUITY> 277,608,000 269,923,000 <SALES> 0 0 <TOTAL-REVENUES> 10,520,000 7,741,000 <CGS> 0 0 <TOTAL-COSTS> 3,825,000 2,633,000 <OTHER-EXPENSES> 504,000 380,000 <LOSS-PROVISION> 0 0 <INTEREST-EXPENSE> 3,551,000 1,809,000 <INCOME-PRETAX> 695,000 1,613,000 <INCOME-TAX> 0 0 <INCOME-CONTINUING> 695,000 1,613,000 <DISCONTINUED> 0 0 <EXTRAORDINARY> 0 0 <CHANGES> 0 0 <NET-INCOME> 695,000 1,613,000 <EPS-PRIMARY> .08 .18 <EPS-DILUTED> 0 0