<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM
THE DECEMBER 31, 1997 FINANCIAL STATEMENTS AND IS QUALIFIED IN ITS ENTIRETY
BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
       
                             
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-END>                               DEC-31-1997
<CASH>                                          11,998
<SECURITIES>                                         0
<RECEIVABLES>                                    7,957
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                21,361
<PP&E>                                          94,295
<DEPRECIATION>                                    (603)
<TOTAL-ASSETS>                                 221,961
<CURRENT-LIABILITIES>                           13,345
<BONDS>                                         87,971
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                           100
<OTHER-SE>                                      85,705
<TOTAL-LIABILITY-AND-EQUITY>                   221,961
<SALES>                                              0
<TOTAL-REVENUES>                                 8,238
<CGS>                                                0
<TOTAL-COSTS>                                    4,571
<OTHER-EXPENSES>                                 1,174
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                                  1,481
<INCOME-TAX>                                      (776)
<INCOME-CONTINUING>                                705
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                       705
<EPS-PRIMARY>                                     0.07
<EPS-DILUTED>                                     0.07