<ARTICLE> 5
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-START>                             JAN-01-1998
<PERIOD-END>                               MAR-31-1998
<CASH>                                          10,792
<SECURITIES>                                         0
<RECEIVABLES>                                        0
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                     0
<PP&E>                                         751,532
<DEPRECIATION>                                  55,634
<TOTAL-ASSETS>                                 763,404
<CURRENT-LIABILITIES>                           54,000
<BONDS>                                        272,890
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                             0
<OTHER-SE>                                     403,921
<TOTAL-LIABILITY-AND-EQUITY>                   763,404
<SALES>                                              0
<TOTAL-REVENUES>                                30,356
<CGS>                                                0
<TOTAL-COSTS>                                    8,586
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                               5,578
<INCOME-PRETAX>                                  8,936
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                              8,936
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     8,310
<EPS-PRIMARY>                                    $0.44
<EPS-DILUTED>                                    $0.43<F1>
<FN>
<F1>MARCH 31, 1997 EARNINGS PER SHARE:  

        BASIC             $ 0.36 
        FULLY DILUTED     $ 0.35
</FN>