<ARTICLE>                                                       5
<LEGEND>
                                       28

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>                                                   3-MOS
<FISCAL-YEAR-END>                                         DEC-31-1997
<PERIOD-START>                                            JAN-01-1997
<PERIOD-END>                                              MAR-31-1997
<CASH>                                                          3,312
<SECURITIES>                                                        0
<RECEIVABLES>                                                   4,825
<ALLOWANCES>                                                    2,063
<INVENTORY>                                                         0
<CURRENT-ASSETS>                                                    0
<PP&E>                                                        162,845
<DEPRECIATION>                                                  5,628
<TOTAL-ASSETS>                                                240,803
<CURRENT-LIABILITIES>                                               0
<BONDS>                                                       157,969
<PREFERRED-MANDATORY>                                               0
<PREFERRED>                                                         0
<COMMON>                                                       29,122
<OTHER-SE>                                                     35,542
<TOTAL-LIABILITY-AND-EQUITY>                                  240,803
<SALES>                                                             0
<TOTAL-REVENUES>                                               16,830
<CGS>                                                               0
<TOTAL-COSTS>                                                       0
<OTHER-EXPENSES>                                               11,121
<LOSS-PROVISION>                                                    0
<INTEREST-EXPENSE>                                              3,617
<INCOME-PRETAX>                                                 2,092
<INCOME-TAX>                                                      816
<INCOME-CONTINUING>                                             1,276
<DISCONTINUED>                                                      0
<EXTRAORDINARY>                                                     0
<CHANGES>                                                           0
<NET-INCOME>                                                    1,276
<EPS-PRIMARY>                                                       0.31
<EPS-DILUTED>                                                       0.31
<FN>
THE REGISTRANT HAS A NON-CLASSIFIED BALANCE SHEET
</FN>