<ARTICLE> 5 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JUL-01-1998 <PERIOD-END> SEP-30-1998 <CASH> 12,343 <SECURITIES> 0 <RECEIVABLES> 4,781 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 783,924 <DEPRECIATION> (99,381) <TOTAL-ASSETS> 753,334 <CURRENT-LIABILITIES> 0 <BONDS> 284,509 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 330,716 <TOTAL-LIABILITY-AND-EQUITY> 753,334 <SALES> 0 <TOTAL-REVENUES> 34,921 <CGS> 0 <TOTAL-COSTS> 23,972 <OTHER-EXPENSES> 321 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 5,097 <INCOME-PRETAX> 10,949 <INCOME-TAX> 0 <INCOME-CONTINUING> 10,949 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 10,949 <EPS-PRIMARY> .52 <EPS-DILUTED> .52