<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1995 <PERIOD-START> JAN-01-1995 <PERIOD-END> JUN-30-1995 <CASH> 1,103,000 <SECURITIES> 0 <RECEIVABLES> 2,963,000 <ALLOWANCES> 440,000 <INVENTORY> 0 <CURRENT-ASSETS> 13,297,000 <PP&E> 265,962,000 <DEPRECIATION> 25,055,000 <TOTAL-ASSETS> 279,259,000 <CURRENT-LIABILITIES> 36,434,000 <BONDS> 140,425,000 <COMMON> 89,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 103,059,000 <TOTAL-LIABILITY-AND-EQUITY> 279,259,000 <SALES> 0 <TOTAL-REVENUES> 21,131,000 <CGS> 0 <TOTAL-COSTS> 11,722,000 <OTHER-EXPENSES> 1,015,000 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 7,078,000 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 1,316,000 <EPS-PRIMARY> .15 <EPS-DILUTED> 0