<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