<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE 
CONSOLIDATED BALANCE SHEETS, STATEMENTS OF OPERATIONS, STATEMENT OF
SHAREHOLDERS' EQUITY, STATEMENTS OF CASH FLOWS AND NOTES TO CONSOLIDATED
FINANCIAL STATEMENTS AND IS QUALIFIED IN ITS ENTIRELY BY REFERENCE TO SUCH FORM
10-Q FOR THE QUARTERLY PERIOD ENDED MARCH 31, 1997. 

</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-START>                             JAN-01-1997
<PERIOD-END>                               MAR-31-1997
<CASH>                                           3,178
<SECURITIES>                                         0
<RECEIVABLES>                                    5,220
<ALLOWANCES>                                       562
<INVENTORY>                                          0
<CURRENT-ASSETS>                                     0
<PP&E>                                         318,282
<DEPRECIATION>                                   8,823
<TOTAL-ASSETS>                                 325,614
<CURRENT-LIABILITIES>                           16,793
<BONDS>                                        145,168
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                             0
<OTHER-SE>                                     119,217
<TOTAL-LIABILITY-AND-EQUITY>                   325,614
<SALES>                                              0
<TOTAL-REVENUES>                                13,819
<CGS>                                                0
<TOTAL-COSTS>                                    4,336
<OTHER-EXPENSES>                                 3,235
<LOSS-PROVISION>                                   173
<INTEREST-EXPENSE>                               2,970
<INCOME-PRETAX>                                  3,278
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                                  0
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     2,344
<EPS-PRIMARY>                                      .33
<EPS-DILUTED>                                      .33