WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

  

<ARTICLE> 5
<MULTIPLIER> 1
<CURRENCY> U.S. DOLLARS
       
 ........................   
<PERIOD-TYPE> ..............         6-MOS
<FISCAL-YEAR-END> ..........   DEC-31-1996
<PERIOD-START> .............   JAN-01-1996
<PERIOD-END> ...............   JUN-30-1996
<EXCHANGE-RATE> ............             1
<CASH> .....................     1,890,639
<SECURITIES> ...............             0
<RECEIVABLES> ..............     2,331,995
<ALLOWANCES> ...............             0
<INVENTORY> ................             0
<CURRENT-ASSETS> ...........     4,222,634
<PP&E> .....................   357,692,902
<DEPRECIATION> .............    18,619,077
<TOTAL-ASSETS> .............   351,632,680
<CURRENT-LIABILITIES> ......     5,157,847
<BONDS> ....................   114,227,490
<PREFERRED-MANDATORY> ......             0
<PREFERRED> ................             0
<COMMON> ...................       131,948
<OTHER-SE> .................   232,115,395
<TOTAL-LIABILITY-AND-EQUITY>   351,632,680
<SALES> ....................    17,857,382
<TOTAL-REVENUES> ...........    18,118,449
<CGS> ......................     5,337,124
<TOTAL-COSTS> ..............     8,407,798
<OTHER-EXPENSES> ...........             0
<LOSS-PROVISION> ...........             0
<INTEREST-EXPENSE> .........     3,070,674
<INCOME-PRETAX> ............     9,710,651
<INCOME-TAX> ...............             0
<INCOME-CONTINUING> ........     9,710,651
<DISCONTINUED> .............             0
<EXTRAORDINARY> ............             0
<CHANGES> ..................             0
<NET-INCOME> ...............     9,710,651
<EPS-PRIMARY> ..............          0.74
<EPS-DILUTED> ..............             0