<ARTICLE>                                                                    5
<LEGEND>                                              
30

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>                                                            9-MOS
<FISCAL-YEAR-END>                                                  DEC-31-1996
<PERIOD-START>                                                     JAN-01-1996
<PERIOD-END>                                                       SEP-30-1996
<CASH>                                                                   3,719
<SECURITIES>                                                                 0
<RECEIVABLES>                                                            6,214
<ALLOWANCES>                                                             2,316
<INVENTORY>                                                                  0
<CURRENT-ASSETS>                                                             0
<PP&E>                                                                 166,612
<DEPRECIATION>                                                           3,412
<TOTAL-ASSETS>                                                         241,657
<CURRENT-LIABILITIES>                                                        0
<BONDS>                                                                164,824
<PREFERRED-MANDATORY>                                                        0
<PREFERRED>                                                                  0
<COMMON>                                                                29,122
<OTHER-SE>                                                              31,358
<TOTAL-LIABILITY-AND-EQUITY>                                           241,657
<SALES>                                                                      0
<TOTAL-REVENUES>                                                        45,109
<CGS>                                                                        0
<TOTAL-COSTS>                                                                0
<OTHER-EXPENSES>                                                        29,087
<LOSS-PROVISION>                                                             0
<INTEREST-EXPENSE>                                                      11,541
<INCOME-PRETAX>                                                          4,481
<INCOME-TAX>                                                             1,745
<INCOME-CONTINUING>                                                      2,736
<DISCONTINUED>                                                               0
<EXTRAORDINARY>                                                              0
<CHANGES>                                                                    0
<NET-INCOME>                                                             2,736
<EPS-PRIMARY>                                                             0.69
<EPS-DILUTED>                                                             0.69
<FN>
THE REGISTRANT HAS A NON-CLASSIFIED BALANCE SHEET
</FN>