[ARTICLE] 5
<TABLE>
<S> <C>
[PERIOD-TYPE] 12-MOS
[FISCAL-YEAR-END] DEC-31-1996
[PERIOD-END] DEC-31-1996
[CASH] 32,793
[SECURITIES] 23,799
[RECEIVABLES] 3,485
[ALLOWANCES] 0
[INVENTORY] 0
[CURRENT-ASSETS] 56,592
[PP&E] 1,244,318
[DEPRECIATION] 102,277
[TOTAL-ASSETS] 1,208,246
[CURRENT-LIABILITIES] 21,928
[BONDS] 360,000
[PREFERRED-MANDATORY] 0
[PREFERRED] 273,965
[COMMON] 37,784
[OTHER-SE] 487,022
[TOTAL-LIABILITY-AND-EQUITY] 1,208,246
[SALES] 176,988
[TOTAL-REVENUES] 192,828
[CGS] 102,577
[TOTAL-COSTS] 128,821
[OTHER-EXPENSES] 0
[LOSS-PROVISION] 0
[INTEREST-EXPENSE] 22,527
[INCOME-PRETAX] 64,006
[INCOME-TAX] 0
[INCOME-CONTINUING] 64,006
[DISCONTINUED] 0
[EXTRAORDINARY] 0
[CHANGES] 0
[NET-INCOME] 64,006
[EPS-PRIMARY] 1.23
[EPS-DILUTED] 1.23
</TABLE>
