<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> JUN-30-1998 <CASH> 784,000 <SECURITIES> 0 <RECEIVABLES> 2,880,000 <ALLOWANCES> 377,000 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 318,514,000 <DEPRECIATION> 51,128,000 <TOTAL-ASSETS> 279,403,000 <CURRENT-LIABILITIES> 42,441,000 <BONDS> 153,574,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 90,000 <OTHER-SE> 82,239,000 <TOTAL-LIABILITY-AND-EQUITY> 279,403,000 <SALES> 0 <TOTAL-REVENUES> 23,611,000 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 14,985,000 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 7,269,000 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 1,374,000 <EPS-PRIMARY> 0.16 <EPS-DILUTED> 0.16