<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-2000 <PERIOD-END> JUN-30-2000 <CASH> 15,339 <SECURITIES> 6,906 <RECEIVABLES> 17,965 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 40,210 <PP&E> 632,807 <DEPRECIATION> 49,420 <TOTAL-ASSETS> 635,114 <CURRENT-LIABILITIES> 100,200 <BONDS> 209,741 <PREFERRED-MANDATORY> 0 <PREFERRED> 66,250 <COMMON> 10 <OTHER-SE> 258,913 <TOTAL-LIABILITY-AND-EQUITY> 635,114 <SALES> 60,020 <TOTAL-REVENUES> 60,898 <CGS> 0 <TOTAL-COSTS> 24,883 <OTHER-EXPENSES> 23,329 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 11,526 <INCOME-PRETAX> 22,157 <INCOME-TAX> 0 <INCOME-CONTINUING> 22,157 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 22,157 <EPS-BASIC> 1.95 <EPS-DILUTED> 1.93