<ARTICLE> 5
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-START>                             JAN-01-1996
<PERIOD-END>                               SEP-30-1996
<CASH>                                           9,705
<SECURITIES>                                         0
<RECEIVABLES>                                        0
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                     0
<PP&E>                                         565,272
<DEPRECIATION>                                  26,682
<TOTAL-ASSETS>                                 561,405
<CURRENT-LIABILITIES>                                0
<BONDS>                                        180,000
<PREFERRED-MANDATORY>                              151
<PREFERRED>                                          0
<COMMON>                                             0
<OTHER-SE>                                     287,527
<TOTAL-LIABILITY-AND-EQUITY>                   561,405
<SALES>                                              0
<TOTAL-REVENUES>                                51,453
<CGS>                                                0
<TOTAL-COSTS>                                   15,191
<OTHER-EXPENSES>                                10,530
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                               7,944
<INCOME-PRETAX>                                 15,381
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                             15,381
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                (6,896)
<CHANGES>                                            0
<NET-INCOME>                                     6,474
<EPS-PRIMARY>                                      .95
<EPS-DILUTED>                                      .95
<FN>
<F1>
EPS excludes extraordinary loss of $.46 per share
</FN>