<ARTICLE>                     5
<LEGEND>                       
                                      152

THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION
EXTRACTED FROM THE BALANCE SHEET AND THE STATEMENT
OF INCOME AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE
TO SUCH FINANCIAL STATEMENTS.
</LEGEND>                                                      
<MULTIPLIER>                                              1,000
                                                               
                                              
<PERIOD-TYPE>                                             6-MOS
<FISCAL-YEAR-END>                                   DEC-31-1996
<PERIOD-START>                                      JAN-01-1996
<PERIOD-END>                                        JUN-30-1996
<CASH>                                                    3,569
<SECURITIES>                                                  0
<RECEIVABLES>                                             5,049
<ALLOWANCES>                                              2,295
<INVENTORY>                                                   0
<CURRENT-ASSETS>                                              0
<PP&E>                                                  166,053
<DEPRECIATION>                                            2,296
<TOTAL-ASSETS>                                          236,081
<CURRENT-LIABILITIES>                                         0
<BONDS>                                                 167,515
<PREFERRED-MANDATORY>                                         0
<PREFERRED>                                                   0
<COMMON>                                                 29,122
<OTHER-SE>                                               24,975
<TOTAL-LIABILITY-AND-EQUITY>                            236,081
<SALES>                                                       0
<TOTAL-REVENUES>                                         29,400
<CGS>                                                         0
<TOTAL-COSTS>                                                 0
<OTHER-EXPENSES>                                         18,608
<LOSS-PROVISION>                                              0
<INTEREST-EXPENSE>                                        7,762
<INCOME-PRETAX>                                           3,030
<INCOME-TAX>                                              1,182
<INCOME-CONTINUING>                                       1,848
<DISCONTINUED>                                                0
<EXTRAORDINARY>                                               0
<CHANGES>                                                     0
<NET-INCOME>                                              1,848
<EPS-PRIMARY>                                                 0.47
<EPS-DILUTED>                                                 0.47
<FN>
THE REGISTRANT HAS A NON-CLASSIFIED BALANCE SHEET
</FN>