<ARTICLE> 5
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-END>                               MAR-31-1997
<CASH>                                          18,617
<SECURITIES>                                         0
<RECEIVABLES>                                        0
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                32,426
<PP&E>                                       2,216,807
<DEPRECIATION>                                 175,810
<TOTAL-ASSETS>                               2,092,040
<CURRENT-LIABILITIES>                           71,816
<BONDS>                                      1,110,463
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                    105,000
<COMMON>                                        86,467
<OTHER-SE>                                     716,267
<TOTAL-LIABILITY-AND-EQUITY>                 2,092,040
<SALES>                                         89,984
<TOTAL-REVENUES>                                90,235
<CGS>                                                0
<TOTAL-COSTS>                                   37,616
<OTHER-EXPENSES>                                18,445
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                              19,150
<INCOME-PRETAX>                                 17,113
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                             17,113
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    17,113
<EPS-PRIMARY>                                      .17
<EPS-DILUTED>                                      .17