<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM FORM 10-Q FOR THE SIX MONTHS ENDED JUNE 30, 1998, AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> JUN-30-1998 <CASH> 31,750 <SECURITIES> 0 <RECEIVABLES> 0 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 31,750 <PP&E> 720,146 <DEPRECIATION> 3,765 <TOTAL-ASSETS> 794,511 <CURRENT-LIABILITIES> 24,275 <BONDS> 252,349 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 0 <OTHER-SE> 515,299 <TOTAL-LIABILITY-AND-EQUITY> 794,511 <SALES> 0 <TOTAL-REVENUES> 42,337 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 8,663 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 8,829 <INCOME-PRETAX> 20,322 <INCOME-TAX> 0 <INCOME-CONTINUING> 20,322 <DISCONTINUED> 0 <EXTRAORDINARY> (621) <CHANGES> 0 <NET-INCOME> 19,701 <EPS-PRIMARY> .81 <EPS-DILUTED> .81