<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> JAN-01-1999 <PERIOD-END> MAR-31-1999 <CASH> 944,000 <SECURITIES> 0 <RECEIVABLES> 3,285,000 <ALLOWANCES> 424,000 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 331,487,000 <DEPRECIATION> 58,449,000 <TOTAL-ASSETS> 285,502,000 <CURRENT-LIABILITIES> 57,723,000 <BONDS> 152,321,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 90,000 <OTHER-SE> 74,281,000 <TOTAL-LIABILITY-AND-EQUITY> 285,502,000 <SALES> 0 <TOTAL-REVENUES> 12,415,000 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 7,991,000 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 3,822,000 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 614,000 <EPS-PRIMARY> 0.08 <EPS-DILUTED> 0.08