<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM FORM 10-Q FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 1998 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FORM 10-Q. </LEGEND> <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JUL-01-1998 <PERIOD-END> SEP-30-1998 <CASH> 4,665,000 <SECURITIES> 1,655,000 <RECEIVABLES> 1,141,000 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 149,724,000 <DEPRECIATION> 9,272,000 <TOTAL-ASSETS> 152,035,000 <CURRENT-LIABILITIES> 0 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 102,000 <OTHER-SE> 80,452,000 <TOTAL-LIABILITY-AND-EQUITY> 152,035,000 <SALES> 5,834,000 <TOTAL-REVENUES> 5,834,000 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 2,620,000 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 1,123,000 <INCOME-PRETAX> 2,091,000 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 2,091,000 <EPS-PRIMARY> .20 <EPS-DILUTED> .20