<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-END> JUN-30-1999 <CASH> 15,916 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 149,113 <PP&E> 3,967,082 <DEPRECIATION> 354,347 <TOTAL-ASSETS> 3,777,764 <CURRENT-LIABILITIES> 131,692 <BONDS> 2,168,644 <PREFERRED-MANDATORY> 0 <PREFERRED> 430,000 <COMMON> 104,250 <OTHER-SE> 835,768 <TOTAL-LIABILITY-AND-EQUITY> 3,777,764 <SALES> 308,221 <TOTAL-REVENUES> 309,151 <CGS> 0 <TOTAL-COSTS> 123,302 <OTHER-EXPENSES> 69,422 <LOSS-PROVISION> 7,100 <INTEREST-EXPENSE> 76,997 <INCOME-PRETAX> 60,373 <INCOME-TAX> 0 <INCOME-CONTINUING> 60,373 <DISCONTINUED> 0 <EXTRAORDINARY> 509 <CHANGES> 0 <NET-INCOME> 60,882 <EPS-BASIC> .40 <EPS-DILUTED> .40