<ARTICLE> 5

                             
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-END>                               DEC-31-1999
<CASH>                                           7,678
<SECURITIES>                                         0
<RECEIVABLES>                                        0
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                               123,458
<PP&E>                                       3,953,045
<DEPRECIATION>                                 395,864
<TOTAL-ASSETS>                               3,688,317
<CURRENT-LIABILITIES>                          156,633
<BONDS>                                      2,127,305
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                    427,872
<COMMON>                                       102,741
<OTHER-SE>                                     779,599
<TOTAL-LIABILITY-AND-EQUITY>                 3,688,317
<SALES>                                        618,749
<TOTAL-REVENUES>                               620,691
<CGS>                                                0
<TOTAL-COSTS>                                  247,262
<OTHER-EXPENSES>                               140,002
<LOSS-PROVISION>                                19,300
<INTEREST-EXPENSE>                             153,748
<INCOME-PRETAX>                                 92,695
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                             92,695
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                    927
<CHANGES>                                            0
<NET-INCOME>                                    93,622
<EPS-BASIC>                                       0.54
<EPS-DILUTED>                                     0.54