<ARTICLE> 5 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1997 <PERIOD-END> SEP-30-1997 <CASH> 719,000 <SECURITIES> 0 <RECEIVABLES> 2,826,000 <ALLOWANCES> 262,000 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 309,221,000 <DEPRECIATION> 44,206,000 <TOTAL-ASSETS> 276,955,000 <CURRENT-LIABILITIES> 59,461,000 <BONDS> 130,758,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 90,000 <OTHER-SE> 85,583,000 <TOTAL-LIABILITY-AND-EQUITY> 276,955,000 <SALES> 0 <TOTAL-REVENUES> 34,383,000 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 21,650,000 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 10,936,000 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 1,856,000 <EPS-PRIMARY> 0.22 <EPS-DILUTED> 0