<ARTICLE> 5
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE UNAUDITED
CONSOLIDATED BALANCE SHEET AS OF SEPTEMBER 30, 1997 AND THE UNAUDITED
CONSOLIDATED STATEMENT OF INCOME FOR THE THREE MONTHS ENDED SEPTEMBER 30, 1997
AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-START>                             JAN-01-1997
<PERIOD-END>                               SEP-30-1997
<CASH>                                             792
<SECURITIES>                                         0
<RECEIVABLES>                                    7,596
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                     0
<PP&E>                                         257,885
<DEPRECIATION>                                  18,690
<TOTAL-ASSETS>                                 268,878
<CURRENT-LIABILITIES>                                0
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                         30
<COMMON>                                           162
<OTHER-SE>                                     268,686
<TOTAL-LIABILITY-AND-EQUITY>                   268,878
<SALES>                                         10,328
<TOTAL-REVENUES>                                10,406
<CGS>                                                0
<TOTAL-COSTS>                                    4,050
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                 977
<INCOME-PRETAX>                                  5,379
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                              5,379
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     4,889
<EPS-PRIMARY>                                     0.28
<EPS-DILUTED>                                     0.28