<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> JUN-30-1998 <CASH> 3,515 <SECURITIES> 0 <RECEIVABLES> 8,040 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 1,006,290 <DEPRECIATION> 131,004 <TOTAL-ASSETS> 921,268 <CURRENT-LIABILITIES> 0 <BONDS> 607,548 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 24,347 <OTHER-SE> 218 <TOTAL-LIABILITY-AND-EQUITY> 219,361 <SALES> 0 <TOTAL-REVENUES> 58,533 <CGS> 0 <TOTAL-COSTS> 16,223 <OTHER-EXPENSES> 16,534<F1> <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 22,426 <INCOME-PRETAX> 3,350 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 3,350 <EPS-PRIMARY> 0.18 <EPS-DILUTED> 0.18 <FN> <F1>INCLUDES DEPRECIATION AND AMORTIZATION OF $11,305, $1,001 ALLOCATED TO MINORITY INTERESTS AND $3,923 IN G&A COSTS. </FN>