<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> SEP-30-1999 <PERIOD-END> SEP-30-1999 <CASH> 17,405 <SECURITIES> 4,597 <RECEIVABLES> 14,006 <ALLOWANCES> 6,250 <INVENTORY> 0 <CURRENT-ASSETS> 29,758 <PP&E> 194,229 <DEPRECIATION> 8,384 <TOTAL-ASSETS> 2,108,378 <CURRENT-LIABILITIES> 8,572 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 44 <COMMON> 52,733 <OTHER-SE> 952,585 <TOTAL-LIABILITY-AND-EQUITY> 2,108,378 <SALES> 0 <TOTAL-REVENUES> 175,314 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 21,095 <LOSS-PROVISION> 3,500 <INTEREST-EXPENSE> 61,348 <INCOME-PRETAX> 89,371 <INCOME-TAX> 0 <INCOME-CONTINUING> 89,371 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 89,371 <EPS-BASIC> 1.39 <EPS-DILUTED> 1.31