<ARTICLE> 5 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> SEP-30-1996 <CASH> 13,001 <SECURITIES> 0 <RECEIVABLES> 1,563 <ALLOWANCES> 141 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 440,790 <DEPRECIATION> 64,322 <TOTAL-ASSETS> 421,839 <CURRENT-LIABILITIES> 0 <BONDS> 112,856 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 187 <OTHER-SE> 264,146 <TOTAL-LIABILITY-AND-EQUITY> 421,839 <SALES> 0 <TOTAL-REVENUES> 63,094 <CGS> 0 <TOTAL-COSTS> 39,202 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 8,288 <INCOME-PRETAX> 20,465 <INCOME-TAX> 0 <INCOME-CONTINUING> 16,599 <DISCONTINUED> 0 <EXTRAORDINARY> (475) <CHANGES> 0 <NET-INCOME> 21,782 <EPS-PRIMARY> 1.38 <EPS-DILUTED> 1.38