<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE CONSOLIDATED BALANCE SHEETS AND CONSOLIDATED STATEMENTS OF INCOME FOUND ON PAGES AND OF THE COMPANIES 10-K FOR FISCAL YEAR END AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> DEC-31-1996 <CASH> 586 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 300,631 <DEPRECIATION> 81,293 <TOTAL-ASSETS> 232,066 <CURRENT-LIABILITIES> 0 <BONDS> 168,315 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 57 <OTHER-SE> 16,134 <TOTAL-LIABILITY-AND-EQUITY> 232,066 <SALES> 0 <TOTAL-REVENUES> 67,384 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 38,322 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 12,962 <INCOME-PRETAX> 6,534 <INCOME-TAX> 0 <INCOME-CONTINUING> 6,534 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 6,534 <EPS-PRIMARY> 1.09 <EPS-DILUTED> 1.09