<ARTICLE> 5 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> SEP-30-1996 <CASH> 7,864 <SECURITIES> 0 <RECEIVABLES> 3,630 <ALLOWANCES> (3,274) <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 232,037 <DEPRECIATION> (40,866) <TOTAL-ASSETS> 213,265 <CURRENT-LIABILITIES> 0 <BONDS> 132,737 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 71,469 <TOTAL-LIABILITY-AND-EQUITY> 213,265 <SALES> 0 <TOTAL-REVENUES> 37,819 <CGS> 0 <TOTAL-COSTS> 21,455 <OTHER-EXPENSES> 4,756 <LOSS-PROVISION> 300 <INTEREST-EXPENSE> 9,389 <INCOME-PRETAX> 4,545 <INCOME-TAX> 0 <INCOME-CONTINUING> 4,545 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 4,545 <EPS-PRIMARY> 1.21 <EPS-DILUTED> 1.21