<ARTICLE>                     5
<LEGEND>
The schedule contains summary financial information extracted from the financial
statements as of and for the three months ended March 31, 1999 included herein
and is qualified in its entirety by reference to such financial statements.
</LEGEND>
<MULTIPLIER>                                   1,000
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                              DEC-31-1999
<PERIOD-END>                                   MAR-31-1999
<CASH>                                                 200
<SECURITIES>                                             0
<RECEIVABLES>                                            0
<ALLOWANCES>                                             0
<INVENTORY>                                              0
<CURRENT-ASSETS>                                         0
<PP&E>                                             537,750
<DEPRECIATION>                                      90,468
<TOTAL-ASSETS>                                     466,934
<CURRENT-LIABILITIES>                                    0
<BONDS>                                            305,201
<PREFERRED-MANDATORY>                                    0
<PREFERRED>                                              1
<COMMON>                                                79
<OTHER-SE>                                         110,614
<TOTAL-LIABILITY-AND-EQUITY>                       466,934
<SALES>                                                  0
<TOTAL-REVENUES>                                    24,163
<CGS>                                                    0
<TOTAL-COSTS>                                        6,889
<OTHER-EXPENSES>                                     6,179<F1>
<LOSS-PROVISION>                                         0
<INTEREST-EXPENSE>                                   5,969
<INCOME-PRETAX>                                      3,452
<INCOME-TAX>                                             0
<INCOME-CONTINUING>                                  2,626
<DISCONTINUED>                                           0
<EXTRAORDINARY>                                       (249)
<CHANGES>                                                0
<NET-INCOME>                                         2,377
<EPS-PRIMARY>                                          .24
<EPS-DILUTED>                                          .24
<FN>
<F1> Depreciation and amortization.
</FN>