<ARTICLE> 5 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JUL-01-1998 <PERIOD-END> SEP-30-1998 <CASH> 6,191,000 <SECURITIES> 0 <RECEIVABLES> 16,247,000 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 889,640,000 <DEPRECIATION> (56,260,000) <TOTAL-ASSETS> 874,582,000 <CURRENT-LIABILITIES> 0 <BONDS> 369,617,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 3,000 <COMMON> 376,000 <OTHER-SE> 462,387,000 <TOTAL-LIABILITY-AND-EQUITY> 874,582,000 <SALES> 0 <TOTAL-REVENUES> 29,042,000 <CGS> 0 <TOTAL-COSTS> 13,935,000 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 3,574,000 <INTEREST-EXPENSE> 6,948,000 <INCOME-PRETAX> 4,585,000 <INCOME-TAX> 4,585,000 <INCOME-CONTINUING> 4,585,000 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 4,585,000 <EPS-PRIMARY> 0.11 <EPS-DILUTED> 0.11