<ARTICLE> 5 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1994 <PERIOD-END> DEC-31-1994 <CASH> 7,261 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 17,394 <PP&E> 1,007,599 <DEPRECIATION> 120,341 <TOTAL-ASSETS> 911,913 <CURRENT-LIABILITIES> 0 <BONDS> 526,664 <COMMON> 50,356 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 306,612 <TOTAL-LIABILITY-AND-EQUITY> 911,913 <SALES> 139,972 <TOTAL-REVENUES> 140,836 <CGS> 87,698 <TOTAL-COSTS> 87,698 <OTHER-EXPENSES> 34,658 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 28,303 <INCOME-PRETAX> 19,118 <INCOME-TAX> 0 <INCOME-CONTINUING> 19,226 <DISCONTINUED> 0 <EXTRAORDINARY> (89) <CHANGES> 0 <NET-INCOME> 19,137 <EPS-PRIMARY> 0.41 <EPS-DILUTED> 0.41