<ARTICLE> 5
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
UNAUDITED CONSOLIDATED BALANCE SHEET AS OF SEPTEMBER 30, 1997 AND THE
UNAUDITED CONSOLIDATED STATEMENT OF INCOME FOR THE THREE MONTHS ENDED
SEPTEMBER 30, 1997 AND IS QUALIFIED IN ITS ENTIRITY BY REFERENCE TO
SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1000
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-END>                               SEP-30-1997
<CASH>                                             792
<SECURITIES>                                         0
<RECEIVABLES>                                    7,596
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                     0
<PP&E>                                         257,885
<DEPRECIATION>                                  18,690
<TOTAL-ASSETS>                                 268,878
<CURRENT-LIABILITIES>                                0
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                         30
<COMMON>                                           162
<OTHER-SE>                                     268,686
<TOTAL-LIABILITY-AND-EQUITY>                   268,878
<SALES>                                         10,328
<TOTAL-REVENUES>                                10,406
<CGS>                                                0
<TOTAL-COSTS>                                    4,050
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                 977
<INCOME-PRETAX>                                  5,379
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                              5,379
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     4,889
<EPS-PRIMARY>                                     0.28
<EPS-DILUTED>                                        0