<ARTICLE> 5 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-END> DEC-31-1999 <CASH> $ 1,584 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 1,735 <PP&E> 679,733 <DEPRECIATION> 28,695 <TOTAL-ASSETS> 671,410 <CURRENT-LIABILITIES> 22,583 <BONDS> 344,036 <COMMON> 392 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 299,788 <TOTAL-LIABILITY-AND-EQUITY> 671,410 <SALES> 0 <TOTAL-REVENUES> 90,709 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 39,201 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 18,970 <INCOME-PRETAX> 40,153 <INCOME-TAX> 0 <INCOME-CONTINUING> 40,153 <DISCONTINUED> 0 <EXTRAORDINARY> 298 <CHANGES> 0 <NET-INCOME> $39,855 <EPS-BASIC> $ 1.87 <EPS-DILUTED> $ 1.86