<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from the Consolidated Balance Sheets at September 30, 1998 (Unaudited) and the Consolidated Statement of Operations for the nine months ended September 30, 1998 (Unaudited) and is qualified in its entirety by reference to such financial statements. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS 9-MOS <FISCAL-YEAR-END> DEC-31-1997 DEC-31-1997 <PERIOD-START> JAN-01-1997 JAN-01-1997 <PERIOD-END> SEP-30-1997 SEP-30-1997 <CASH> 11,969 11,969 <SECURITIES> 0 0 <RECEIVABLES> 0 0 <ALLOWANCES> 0 0 <INVENTORY> 0 0 <CURRENT-ASSETS> 0 0 <PP&E> 783,545 783,545 <DEPRECIATION> (68,639) (68,639) <TOTAL-ASSETS> 737,291 737,291 <CURRENT-LIABILITIES> 0 0 <BONDS> 382,058 382,058 <PREFERRED-MANDATORY> 0 0 <PREFERRED> 20 20 <COMMON> 134 134 <OTHER-SE> 290,345 290,345 <TOTAL-LIABILITY-AND-EQUITY> 737,291 737,291 <SALES> 33,759 95,388 <TOTAL-REVENUES> 34,395 96,954 <CGS> 13,492 36,928 <TOTAL-COSTS> 13,492 36,928 <OTHER-EXPENSES> 8,644 24,505 <LOSS-PROVISION> 0 0 <INTEREST-EXPENSE> 7,174 20,271 <INCOME-PRETAX> 4,465 13,452 <INCOME-TAX> 0 0 <INCOME-CONTINUING> 4,465 13,452 <DISCONTINUED> 0 0 <EXTRAORDINARY> 0 0 <CHANGES> 0 0 <NET-INCOME> 4,263 13,452 <EPS-PRIMARY> 0.23 0.78 <EPS-DILUTED> 0.23 0.77