
<TABLE> <S> <C>

<ARTICLE> 5
       
<S>                             <C>
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               MAR-31-1996
<CASH>                                             229
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<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                     0
<PP&E>                                         245,179
<DEPRECIATION>                                  16,384
<TOTAL-ASSETS>                                 460,529
<CURRENT-LIABILITIES>                                0
<BONDS>                                        160,021
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                        28,345
<OTHER-SE>                                     155,296
<TOTAL-LIABILITY-AND-EQUITY>                   460,529
<SALES>                                              0
<TOTAL-REVENUES>                                13,223
<CGS>                                                0
<TOTAL-COSTS>                                   10,153
<OTHER-EXPENSES>                                     0
<LOSS-PROVISION>                                     0
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<INCOME-PRETAX>                                  7,464
<INCOME-TAX>                                       166
<INCOME-CONTINUING>                              7,298
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     7,298
<EPS-PRIMARY>                                      .26
<EPS-DILUTED>                                      .26
        

</TABLE>
