<ARTICLE> 5
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-END>                               SEP-30-1998
<CASH>                                          28,485
<SECURITIES>                                         0
<RECEIVABLES>                                        0
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                                68,301
<PP&E>                                       3,099,553
<DEPRECIATION>                                 269,659
<TOTAL-ASSETS>                               2,926,680
<CURRENT-LIABILITIES>                          113,069
<BONDS>                                      1,548,898
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                    255,000
<COMMON>                                       103,207
<OTHER-SE>                                     861,342
<TOTAL-LIABILITY-AND-EQUITY>                 2,926,680
<SALES>                                        346,171
<TOTAL-REVENUES>                               348,906
<CGS>                                                0
<TOTAL-COSTS>                                  143,209
<OTHER-EXPENSES>                                83,116
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                              75,784
<INCOME-PRETAX>                                 66,071
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                             66,071
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                    116
<CHANGES>                                            0
<NET-INCOME>                                    65,955
<EPS-PRIMARY>                                      .50
<EPS-DILUTED>                                      .50