<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
COMPANY'S FORM 10-Q FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 1998 AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-END>                               SEP-30-1998
<CASH>                                           6,846
<SECURITIES>                                         0
<RECEIVABLES>                                        0
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                 7,039
<PP&E>                                         390,491
<DEPRECIATION>                                 (3,422)
<TOTAL-ASSETS>                                 398,542
<CURRENT-LIABILITIES>                            9,427
<BONDS>                                        104,852
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                       248,981
<OTHER-SE>                                           0
<TOTAL-LIABILITY-AND-EQUITY>                   398,542
<SALES>                                              0
<TOTAL-REVENUES>                                24,725
<CGS>                                                0
<TOTAL-COSTS>                                    6,765
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                               3,787
<INCOME-PRETAX>                                 14,173
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                             14,173
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    14,173
<EPS-PRIMARY>                                     1.02
<EPS-DILUTED>                                     1.02