<ARTICLE> 5
<LEGEND>  This schedule contains summary financial information extracted from 
          Consolidated Balance Sheets and Statements of Operations and is 
          qualified in its entirety by reference to such financial statements. 
</LEGEND>
<MULTIPLIER> 1,000  
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-START>                             JAN-01-1996
<PERIOD-END>                               MAR-31-1996
<CASH>                                           8,496
<SECURITIES>                                         0
<RECEIVABLES>                                    1,077
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                48,111
<PP&E>                                       2,305,972
<DEPRECIATION>                               (235,211)
<TOTAL-ASSETS>                               2,217,506
<CURRENT-LIABILITIES>                           94,980
<BONDS>                                        964,037
<COMMON>                                             0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                    278,000
<OTHER-SE>                                           0      
<TOTAL-LIABILITY-AND-EQUITY>                 2,217,506
<SALES>                                        105,698
<TOTAL-REVENUES>                               106,321
<CGS>                                                0         
<TOTAL-COSTS>                                   44,486         
<OTHER-EXPENSES>                                 2,079
<LOSS-PROVISION>                                     0     
<INTEREST-EXPENSE>                              19,185
<INCOME-PRETAX>                                 19,955
<INCOME-TAX>                                         0    
<INCOME-CONTINUING>                             19,955
<DISCONTINUED>                                   1,340
<EXTRAORDINARY>                                      0     
<CHANGES>                                            0 
<NET-INCOME>                                    21,295
<EPS-PRIMARY>                                     0.32
<EPS-DILUTED>                                     0.32