<ARTICLE> 5 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1995 <PERIOD-END> JUN-30-1996 <CASH> 7,592 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 23,560 <PP&E> 1,286,755 <DEPRECIATION> 146,988 <TOTAL-ASSETS> 1,170,919 <CURRENT-LIABILITIES> 43,936 <BONDS> 617,135 <PREFERRED-MANDATORY> 0 <PREFERRED> 105,000 <COMMON> 56,745 <OTHER-SE> 346,096 <TOTAL-LIABILITY-AND-EQUITY> 1,170,919 <SALES> 112,036 <TOTAL-REVENUES> 112,831 <CGS> 0 <TOTAL-COSTS> 48,911 <OTHER-EXPENSES> 25,147 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 21,883 <INCOME-PRETAX> 8,296 <INCOME-TAX> 0 <INCOME-CONTINUING> 17,725 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 17,725 <EPS-PRIMARY> .23 <EPS-DILUTED> .23