<ARTICLE> 5 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1995 <PERIOD-END> DEC-31-1995 <CASH> 2,904 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 25,053 <PP&E> 1,052,659 <DEPRECIATION> 129,454 <TOTAL-ASSETS> 1,080,616 <CURRENT-LIABILITIES> 0 <BONDS> 530,339 <PREFERRED-MANDATORY> 0 <PREFERRED> 105,000 <COMMON> 56,375 <OTHER-SE> 355,014 <TOTAL-LIABILITY-AND-EQUITY> 1,080,616 <SALES> 195,240 <TOTAL-REVENUES> 196,932 <CGS> 0 <TOTAL-COSTS> 81,642 <OTHER-EXPENSES> 44,907 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 40,646 <INCOME-PRETAX> 29,737 <INCOME-TAX> 0 <INCOME-CONTINUING> 33,127 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 33,127 <EPS-PRIMARY> .50 <EPS-DILUTED> .50