<ARTICLE> 5 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1994 <PERIOD-END> DEC-31-1994 <CASH> 12,386 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 18,753 <PP&E> 1,028,804 <DEPRECIATION> 129,139 <TOTAL-ASSETS> 930,804 <CURRENT-LIABILITIES> 0 <BONDS> 533,680 <COMMON> 51,732 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 317,695 <TOTAL-LIABILITY-AND-EQUITY> 930,804 <SALES> 45,493 <TOTAL-REVENUES> 45,667 <CGS> 18,563 <TOTAL-COSTS> 18,563 <OTHER-EXPENSES> 10,563 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 10,454 <INCOME-PRETAX> 6,087 <INCOME-TAX> 0 <INCOME-CONTINUING> 6,150 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 6,150 <EPS-PRIMARY> 0.12 <EPS-DILUTED> 0.12