<ARTICLE>  5
                           EXHIBIT 27
                                
                    FINANCIAL DATA SCHEDULE
            (in thousands except per share amounts)
       
                                                    
   <PERIOD-TYPE>                                        12-MOS
   <FISCAL-YEAR-END>                                    DEC-31-1997
   <PERIOD-END>                                         DEC-31-1997
   <CASH>                                                    $1,361
   <SECURITIES>                                                   0
   <RECEIVABLES>                                                  0
   <ALLOWANCES>                                                   0
   <INVENTORY>                                                    0
   <CURRENT-ASSETS>                                           2,416
   <PP&E>                                                   432,071
   <DEPRECIATION>                                             8,985
   <TOTAL-ASSETS>                                           433,903
   <CURRENT-LIABILITIES>                                     15,839
   <BONDS>                                                   68,539
   <COMMON>                                                     452
   <PREFERRED-MANDATORY>                                          0
   <PREFERRED>                                                    0
   <OTHER-SE>                                               345,974
   <TOTAL-LIABILITY-AND-EQUITY>                             433,903
   <SALES>                                                        0
   <TOTAL-REVENUES>                                          46,666
   <CGS>                                                          0
   <TOTAL-COSTS>                                                  0
   <OTHER-EXPENSES>                                          18,882
   <LOSS-PROVISION>                                               0
   <INTEREST-EXPENSE>                                         7,918
   <INCOME-PRETAX>                                           31,291
   <INCOME-TAX>                                                   0
   <INCOME-CONTINUING>                                       31,291
   <DISCONTINUED>                                                 0
   <EXTRAORDINARY>                                                0
   <CHANGES>                                                      0
   <NET-INCOME>                                              31,291
   <EPS-PRIMARY>                                               2.21
   <EPS-DILUTED>                                               1.94