<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONSOLIDATED STATEMENT OF INCOME FOR THE YEAR ENDED DECEMBER 31, 1998 AND THE
CONSOLIDATED BALANCE SHEET AS OF DECEMBER 31, 1998 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH ANNUAL REPORT ON FORM 10-K, DOLLARS IN THOUSANDS,
EXCEPT PER SHARE DATA.
</LEGEND>
<MULTIPLIER> 1,000
<CURRENCY> U.S. DOLLARS
       
                             
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-START>                             JAN-01-1998
<PERIOD-END>                               DEC-31-1998
<EXCHANGE-RATE>                                      1
<CASH>                                          11,084
<SECURITIES>                                         0
<RECEIVABLES>                                   12,436
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                     0
<PP&E>                                         675,793
<DEPRECIATION>                                  66,076
<TOTAL-ASSETS>                                 647,007
<CURRENT-LIABILITIES>                                0
<BONDS>                                        360,722
<PREFERRED-MANDATORY>                           24,369
<PREFERRED>                                          0
<COMMON>                                             2
<OTHER-SE>                                     180,773
<TOTAL-LIABILITY-AND-EQUITY>                   647,007
<SALES>                                              0
<TOTAL-REVENUES>                                65,117
<CGS>                                                0
<TOTAL-COSTS>                                   15,940
<OTHER-EXPENSES>                                   987
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                              23,055
<INCOME-PRETAX>                                 20,058
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                             15,737
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    15,737
<EPS-PRIMARY>                                     0.79
<EPS-DILUTED>                                     0.78