<ARTICLE> 5 <LEGEND> The schedule contains summary financial information extracted from financial statements in the Registrant's Form 10-Q and is qualified in its entirety by reference to such financial statements. </LEGEND> <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> APR-01-1996 <PERIOD-END> JUN-30-1996 <CASH> 4,375,000 <SECURITIES> 0 <RECEIVABLES> 36,727,000 <ALLOWANCES> 5,852,000 <INVENTORY> 9,125,000 <CURRENT-ASSETS> 46,153,000 <PP&E> 373,948,000 <DEPRECIATION> 108,205 <TOTAL-ASSETS> 667,165,000 <CURRENT-LIABILITIES> 40,815,000 <BONDS> 200,000,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 413,000 <OTHER-SE> 0 <TOTAL-LIABILITY-AND-EQUITY> 667,165,000 <SALES> 132,763,000 <TOTAL-REVENUES> 141,638,000 <CGS> 17,412,000 <TOTAL-COSTS> 27,518,000 <OTHER-EXPENSES> 85,387,000 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 21,721,000 <INCOME-PRETAX> 7,393,000 <INCOME-TAX> 0 <INCOME-CONTINUING> 7,393,000 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 7,393,000 <EPS-PRIMARY> 0.18 <EPS-DILUTED> 0.18