<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from the
Company's unaudited financial statements for the nine months ended September
30, 1997 and is qualified in its entirety by reference to such financial
statements.
</LEGEND>
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-END>                               SEP-30-1997
<CASH>                                          58,367
<SECURITIES>                                    31,277
<RECEIVABLES>                                   15,331
<ALLOWANCES>                                       917
<INVENTORY>                                          0
<CURRENT-ASSETS>                                     0
<PP&E>                                       1,231,386
<DEPRECIATION>                                 166,072
<TOTAL-ASSETS>                               1,551,506
<CURRENT-LIABILITIES>                                0
<BONDS>                                        772,156
<PREFERRED-MANDATORY>                          277,168
<PREFERRED>                                          0
<COMMON>                                         2,116
<OTHER-SE>                                     255,618
<TOTAL-LIABILITY-AND-EQUITY>                 1,551,506
<SALES>                                              0
<TOTAL-REVENUES>                               141,827
<CGS>                                                0
<TOTAL-COSTS>                                   48,557
<OTHER-EXPENSES>                                23,248
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                              30,972
<INCOME-PRETAX>                                 29,008
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                             29,008
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    29,008
<EPS-PRIMARY>                                     $.54
<EPS-DILUTED>                                     $.54