<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> DEC-31-1997 <CASH> 4,262 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> (1,194) <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 281,163 <DEPRECIATION> (46,033) <TOTAL-ASSETS> 265,640 <CURRENT-LIABILITIES> 0 <BONDS> 184,126 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 71,091 <TOTAL-LIABILITY-AND-EQUITY> 265,640 <SALES> 0 <TOTAL-REVENUES> 52,017 <CGS> 0 <TOTAL-COSTS> 28,596 <OTHER-EXPENSES> 8,460 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 12,602 <INCOME-PRETAX> 5,531 <INCOME-TAX> 0 <INCOME-CONTINUING> 5,531 <DISCONTINUED> 0 <EXTRAORDINARY> 61 <CHANGES> 0 <NET-INCOME> 5,592 <EPS-PRIMARY> 1.46 <EPS-DILUTED> 1.44