<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1994 <PERIOD-END> SEP-30-1994 <CASH> 9,638 <SECURITIES> 16,132 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 12,689 <PP&E> 944,785 <DEPRECIATION> 111,387 <TOTAL-ASSETS> 871,857 <CURRENT-LIABILITIES> 0 <BONDS> 482,414 <COMMON> 50,210 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 310,794 <TOTAL-LIABILITY-AND-EQUITY> 871,857 <SALES> 95,905 <TOTAL-REVENUES> 96,426 <CGS> 40,648 <TOTAL-COSTS> 40,648 <OTHER-EXPENSES> 24,336 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 17,984 <INCOME-PRETAX> 13,458 <INCOME-TAX> 0 <INCOME-CONTINUING> 13,548 <DISCONTINUED> 0 <EXTRAORDINARY> (89) <CHANGES> 0 <NET-INCOME> 13,369 <EPS-PRIMARY> .30 <EPS-DILUTED> .30