<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONDENSED CONSOLIDATED BALANCE SHEET AND THE CONDENSED CONSOLIDATED STATEMENT OF
INCOME AS OF AND FOR THE NINE MONTHS ENDED SEPTEMBER 30, 1998 AS CONTAINED IN
THE COMPANY'S FORM 10-Q FOR SUCH PERIOD AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FORM 10-Q. DOLLARS ARE IN THOUSANDS, EXCEPT PER SHARE DATA.
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-START>                             JAN-01-1998
<PERIOD-END>                               SEP-30-1998
<CASH>                                           7,676
<SECURITIES>                                         0
<RECEIVABLES>                                    9,745
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                     0
<PP&E>                                         665,677
<DEPRECIATION>                                  60,621
<TOTAL-ASSETS>                                 635,795
<CURRENT-LIABILITIES>                                0
<BONDS>                                        353,316
<PREFERRED-MANDATORY>                           24,369
<PREFERRED>                                          0
<COMMON>                                             2
<OTHER-SE>                                     183,019
<TOTAL-LIABILITY-AND-EQUITY>                   635,795
<SALES>                                              0
<TOTAL-REVENUES>                                46,129
<CGS>                                                0
<TOTAL-COSTS>                                   11,173
<OTHER-EXPENSES>                                   733
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                              16,287
<INCOME-PRETAX>                                 14,395
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                             11,630
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    11,630
<EPS-PRIMARY>                                     0.58
<EPS-DILUTED>                                     0.58