<ARTICLE> 5 <RESTATED> <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JUL-01-1997 <PERIOD-END> SEP-30-1997 <CASH> 167,201 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 161,643,257 <DEPRECIATION> 23,313,000 <TOTAL-ASSETS> 143,120,069 <CURRENT-LIABILITIES> 0 <BONDS> 126,745,064 <PREFERRED-MANDATORY> 49,410 <PREFERRED> 0 <COMMON> 811 <OTHER-SE> 5,617,504 <TOTAL-LIABILITY-AND-EQUITY> 143,120,069 <SALES> 0 <TOTAL-REVENUES> 4,151,184 <CGS> 0 <TOTAL-COSTS> 1,950,157 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 2,034,430 <INCOME-PRETAX> 166,597 <INCOME-TAX> 66,600 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 99,997 <EPS-PRIMARY> 1.23 <EPS-DILUTED> .06