<ARTICLE> 5 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> SEP-30-1998 <CASH> 998,000 <SECURITIES> 0 <RECEIVABLES> 3,188,000 <ALLOWANCES> 425,000 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 323,779,000 <DEPRECIATION> 53,509,000 <TOTAL-ASSETS> 283,272,000 <CURRENT-LIABILITIES> 49,048,000 <BONDS> 153,165,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 90,000 <OTHER-SE> 79,890,000 <TOTAL-LIABILITY-AND-EQUITY> 283,272,000 <SALES> 0 <TOTAL-REVENUES> 35,331,000 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 22,460,000 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 10,842,000 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 2,055,000 <EPS-PRIMARY> 0.24 <EPS-DILUTED> 0.24