<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONSOLIDATED BALANCE SHEET AT SEPTEMBER 30, 1996 AND THE CONSOLIDATED STATEMENT
OF OPERATIONS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 1996 AND IS QUALIFIED IN
ITS ENTIRETY BY REFERENCE TO SUCH THIRD QUARTER FILING ON FORM 10-Q FOR THE
QUARTER ENDED SEPTEMBER 30, 1996.
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-START>                             JAN-01-1996
<PERIOD-END>                               SEP-30-1996
<CASH>                                             931
<SECURITIES>                                         0
<RECEIVABLES>                                        0
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                     0
<PP&E>                                         731,729
<DEPRECIATION>                                  47,274
<TOTAL-ASSETS>                                 698,164
<CURRENT-LIABILITIES>                                0
<BONDS>                                        257,684
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                         27
<COMMON>                                           190
<OTHER-SE>                                     413,625
<TOTAL-LIABILITY-AND-EQUITY>                   698,164
<SALES>                                         56,381
<TOTAL-REVENUES>                                57,919
<CGS>                                                0
<TOTAL-COSTS>                                   33,946
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                              10,850
<INCOME-PRETAX>                                 13,123
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                             13,123
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                    511
<CHANGES>                                            0
<NET-INCOME>                                    12,612
<EPS-PRIMARY>                                      .69
<EPS-DILUTED>                                      .69