<ARTICLE> 5
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-START>                             JAN-01-1996
<PERIOD-END>                               JUN-01-1996
<CASH>                                           7,982
<SECURITIES>                                         0
<RECEIVABLES>                                        0
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                     0
<PP&E>                                         154,747
<DEPRECIATION>                                   7,641
<TOTAL-ASSETS>                                 162,352
<CURRENT-LIABILITIES>                                0
<BONDS>                                         11,475
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                           157
<OTHER-SE>                                           0
<TOTAL-LIABILITY-AND-EQUITY>                   162,352
<SALES>                                              0
<TOTAL-REVENUES>                                11,369
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                                 4,268
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                               1,574
<INCOME-PRETAX>                                  5,297
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                              5,297
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     5,297
<EPS-PRIMARY>                                     0.53
<EPS-DILUTED>                                     0.52