<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