<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1995 <PERIOD-END> MAR-31-1995 <CASH> 4,428 <SECURITIES> 0 <RECEIVABLES> 16,278 <ALLOWANCES> (6,974) <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 226,600 <DEPRECIATION> (40,871) <TOTAL-ASSETS> 217,249 <CURRENT-LIABILITIES> 0 <BONDS> 139,542 <COMMON> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 71,964 <TOTAL-LIABILITY-AND-EQUITY> 217,249 <SALES> 0 <TOTAL-REVENUES> 10,978 <CGS> 0 <TOTAL-COSTS> 6,031 <OTHER-EXPENSES> 1,740 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 3,071 <INCOME-PRETAX> (337) <INCOME-TAX> 0 <INCOME-CONTINUING> (337) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 75 <EPS-PRIMARY> .02 <EPS-DILUTED> .02