<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-END> SEP-30-1999 <CASH> 18,959 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 0 <PP&E> 2,633,355 <DEPRECIATION> 230,431 <TOTAL-ASSETS> 2,468,672 <CURRENT-LIABILITIES> 0 <BONDS> 1,085,486 <PREFERRED-MANDATORY> 0 <PREFERRED> 42 <COMMON> 447 <OTHER-SE> 1,073,120 <TOTAL-LIABILITY-AND-EQUITY> 2,468,672 <SALES> 0 <TOTAL-REVENUES> 274,424 <CGS> 0 <TOTAL-COSTS> 108,013 <OTHER-EXPENSES> 65,541 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 42,227 <INCOME-PRETAX> 0 <INCOME-TAX> 0 <INCOME-CONTINUING> 0 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 47,108 <EPS-BASIC> 0.96 <EPS-DILUTED> 0.94