<ARTICLE> 5 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> SEP-30-1998 <CASH> 2,136,000 <SECURITIES> 0 <RECEIVABLES> 4,356,000 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 8,537,000 <PP&E> 445,982,000 <DEPRECIATION> 19,072,000 <TOTAL-ASSETS> 442,458,000 <CURRENT-LIABILITIES> 22,586,000 <BONDS> 34,474,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 175,000 <OTHER-SE> 198,354,000 <TOTAL-LIABILITY-AND-EQUITY> 442,458,000 <SALES> 57,059,000 <TOTAL-REVENUES> 57,752,000 <CGS> 0 <TOTAL-COSTS> 37,022,000 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 8,354,000 <INCOME-PRETAX> 12,376,000 <INCOME-TAX> 0 <INCOME-CONTINUING> 12,376,000 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 12,376,000 <EPS-PRIMARY> .74 <EPS-DILUTED> .73