<ARTICLE>                     5
       
                                            
<PERIOD-TYPE>                                  YEAR
<FISCAL-YEAR-END>                              DEC-31-1997
<PERIOD-END>                                   DEC-31-1997
<CASH>                                         3,607
<SECURITIES>                                   0
<RECEIVABLES>                                  0
<ALLOWANCES>                                   0
<INVENTORY>                                    0
<CURRENT-ASSETS>                               0
<PP&E>                                         454,708
<DEPRECIATION>                                 64,177
<TOTAL-ASSETS>                                 416,014
<CURRENT-LIABILITIES>                          0
<BONDS>                                        229,050
<PREFERRED-MANDATORY>                          0
<PREFERRED>                                    1
<COMMON>                                       78
<OTHER-SE>                                     122,040
<TOTAL-LIABILITY-AND-EQUITY>                   416,014
<SALES>                                        0
<TOTAL-REVENUES>                               85,271
<CGS>                                          0
<TOTAL-COSTS>                                  26,269
<OTHER-EXPENSES>                               18,439<F1>
<LOSS-PROVISION>                               0
<INTEREST-EXPENSE>                             16,835
<INCOME-PRETAX>                                17,583
<INCOME-TAX>                                   0
<INCOME-CONTINUING>                            12,827
<DISCONTINUED>                                 0
<EXTRAORDINARY>                                0
<CHANGES>                                      0
<NET-INCOME>                                   12,827
<EPS-PRIMARY>                                  1.57
<EPS-DILUTED>                                  1.54
        
<FN>
<F1> Depreciation and amortization
</FN>