<TABLE> <S> <C>

<ARTICLE>                     5
<MULTIPLIER>                  1,000
<CURRENCY>                    U.S. Dollar
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                                                    DEC-31-1997 
<PERIOD-START>                                                       JAN-01-1997 
<PERIOD-END>                                                         JUN-30-1997 
<EXCHANGE-RATE>                                                                1 
<CASH>                                                                     9,569 
<SECURITIES>                                                                   0 
<RECEIVABLES>                                                             15,120 
<ALLOWANCES>                                                                   0 
<INVENTORY>                                                                    0 
<CURRENT-ASSETS>                                                               0 
<PP&E>                                                                   803,904 
<DEPRECIATION>                                                            48,925 
<TOTAL-ASSETS>                                                           788,949 
<CURRENT-LIABILITIES>                                                          0 
<BONDS>                                                                  445,441 
<PREFERRED-MANDATORY>                                                          0 
<PREFERRED>                                                                    0 
<COMMON>                                                                     204 
<OTHER-SE>                                                               260,974 
<TOTAL-LIABILITY-AND-EQUITY>                                             788,949
<SALES>                                                                        0 
<TOTAL-REVENUES>                                                          58,624 
<CGS>                                                                          0 
<TOTAL-COSTS>                                                             19,169 
<OTHER-EXPENSES>                                                          15,044 
<LOSS-PROVISION>                                                               0 
<INTEREST-EXPENSE>                                                        15,402 
<INCOME-PRETAX>                                                           11,598 
<INCOME-TAX>                                                                   0 
<INCOME-CONTINUING>                                                       11,598 
<DISCONTINUED>                                                                 0 
<EXTRAORDINARY>                                                           (1,200)
<CHANGES>                                                                      0 
<NET-INCOME>                                                              10,398 
<EPS-PRIMARY>                                                               0.52 
<EPS-DILUTED>                                                               0.52 
                                                                          

</TABLE>