<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from the
Company's unaudited financial statements for the three months ended March 31,
2000 and is qualified in its entirety by reference to such financial statements.
</LEGEND>

                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-2000
<PERIOD-END>                               MAR-31-2000
<CASH>                                         104,706
<SECURITIES>                                   171,966
<RECEIVABLES>                                   40,555
<ALLOWANCES>                                     8,311
<INVENTORY>                                          0
<CURRENT-ASSETS>                                     0
<PP&E>                                       3,941,659
<DEPRECIATION>                                 325,127
<TOTAL-ASSETS>                               5,630,009
<CURRENT-LIABILITIES>                                0
<BONDS>                                      2,110,890
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                    479,304
<COMMON>                                         3,462
<OTHER-SE>                                   1,638,158
<TOTAL-LIABILITY-AND-EQUITY>                 5,630,009
<SALES>                                              0
<TOTAL-REVENUES>                               195,279
<CGS>                                                0
<TOTAL-COSTS>                                   76,305
<OTHER-EXPENSES>                                33,450
<LOSS-PROVISION>                                 1,237
<INTEREST-EXPENSE>                              39,347
<INCOME-PRETAX>                                 55,761
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                             55,761
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                  1,125
<CHANGES>                                            0
<NET-INCOME>                                    47,523
<EPS-BASIC>                                       0.55
<EPS-DILUTED>                                     0.54