<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