<ARTICLE> 5
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-START>                             JAN-01-1995
<PERIOD-END>                               SEP-30-1995
<CASH>                                           6,954
<SECURITIES>                                     4,824
<RECEIVABLES>                                    8,800
<ALLOWANCES>                                     9,207
<INVENTORY>                                          0
<CURRENT-ASSETS>                                     0
<PP&E>                                         191,945
<DEPRECIATION>                                  16,588
<TOTAL-ASSETS>                                 204,641
<CURRENT-LIABILITIES>                                0
<BONDS>                                        121,920
<COMMON>                                             0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<OTHER-SE>                                      76,873
<TOTAL-LIABILITY-AND-EQUITY>                   204,641
<SALES>                                              0
<TOTAL-REVENUES>                                27,318
<CGS>                                                0
<TOTAL-COSTS>                                   16,456
<OTHER-EXPENSES>                                 3,133
<LOSS-PROVISION>                                   541
<INTEREST-EXPENSE>                               6,998
<INCOME-PRETAX>                                (1,064)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                            (1,064)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   (1,064)
<EPS-PRIMARY>                                    (.36)
<EPS-DILUTED>                                    (.36)